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Super corridor – the emerging housing destination in indore property pulse – magic bricks

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Information about Super corridor – the emerging housing destination in indore property...
Real Estate

Published on January 9, 2014

Author: neelesh99

Source: slideshare.net

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Super Corridor holds immense potential on account of their existing infrastructure and proposed commercial development says Nileesh Jain, director, DCNPL Pvt Ltd in conversation with Rishab Jain, Magicbricks.com Bureau. Here are the excerpts of the conversation:

What is Super Corridor in Indore? What all are coming along this corridor?

Super Corridor is Indore Development Authority’s project. It is a 12 km stretch starting from airport to Vijay square in central Indore. The area is proposed to evolve as a commercial hub with the large scale of IT, SEZ, educational, medical projects along the corridor
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Super Corridor – The emerging housing destination in Indore | Propert... http://content.magicbricks.com/industry-news/other-cities/super-corrido... Thu, 09 Jan 2014 Property News Expert profile REITS Industry buzz Expert corner Rates & trends Legal & taxation Visit www.magicbricks.com Real Estate News SEARCH Home loan RE dialogues You are here:Home » Property News » Other cities » Super Corridor – The emerging housing destination in Indore Super Corridor – The emerging housing destination in Indore Jan 4, 2014, 10:05PM IST Article Read More: indore development authority super corridor GoDaddy® - Official Site 0 0 in.godaddy.com - Rs 163 Limited Time .COM Sale Register Your Domain Now! Ads by Google Tweet Super Corridor holds immense potential on account of their existing infrastructure and proposed commercial development says Nileesh Jain, director, DCNPL Pvt Ltd in conversation with Rishab Jain, Magicbricks.com Bureau. Here are the excerpts of the conversation: What is Super Corridor in Indore? What all are coming along this corridor? Recent Topics Most Viewed Most Discussed Other cities | Entire Website Slow economy makes time right to buy property Super Corridor – The emerging housing destination in Indore Roll back hike in ready reckoner rates, says Credai ‘Housing demand is robust in tier II & III cities’ Featured Today Slow economy makes time right to buy property Super Corridor – The emerging housing destination in Indore Roll back hike in ready reckoner rates, says Credai ‘Housing demand is robust in tier II & III cities’ Boisar shines on realty map Super Corridor is Indore Development Authority’s project. It is a 12 km stretch starting from airport to Vijay square in central Indore. The area is proposed to evolve as a commercial hub with the large scale of IT, SEZ, educational, medical projects along the corridor. What all developments are proposed along the Super Corridor? Indore Development Authority (IDA) has planned both commercial as well as residential developments, along both sides of the corridor. Land abutting to the Super Corridor has reserved for development by IDA. What all commercial developments are expected to come along the corridor? And what is the status of commercial development in the region? TCS and Infosys has acquired huge land parcels in the region, sizes over 100 acres. The region is also expected to see many other small IT companies to set-up their base in the near future. The corridor is also planned for retail as well as corporate office development in near future. Education giants like Symbiosis and Narsi Monji Institute of Management Studies has also got clearances to start their operations. Boisar shines on realty map Nashik: Surging ahead New projects flurry on Gangapur Road, Nashik Fresh survey of govt land records ordered in Gujarat Cluster redevelopment policy of Nagpur to be unveiled Gujarat Waqf Board implements new law Hot Stories US court rejects Devyani's request to extend hearing Blow to Maoists, top leader Gudsa Usendi surrenders Army kicks off raising new mountain strike corps against China 'Polar freeze': Relief on way for Americans Get Latest Property News Updates What types of residential projects are coming up along the corridor? Subscribe by RSS feed or by e-mail address to receive latest news and updates Developers are offering mix of residential properties, such as multi-storey apartments, plots, row houses and villas. Multi-storey are maximum in supply with over 50 per cent of total supply in the region. Developers are mainly offering 2 and 3BHK units. There is a very limited supply for 1BHK units. Residential plots are second most in supply, followed by row houses and villa. Subscribe by RSS feed Enter your email ID Sign Up What is the prevailing price and size of property in the market and by when these projects expected to start giving possession? Multi-storey apartments are selling between Rs 2300 to Rs 2500 per sq ft. Developers are mainly offering two types of apartments, furnished and un-furnished. Furnished apartments command premium of Rs 200 per sq ft in the market with offering modular kitchen and wardrobe in the bedrooms. Residential plots are available for sale in the price ranges between Rs 2000-2700 per sq ft. The average super built-up size of 2BHK apartment ranges between 1000 – 1200 sq ft. The 3BHK size ranges between 1500 – 1600 sq ft. On the other hand, residential plots are mainly available in two sizes 30×50 and 60×40. 1 of 3 1/9/2014 10:57 AM

Super Corridor – The emerging housing destination in Indore | Propert... http://content.magicbricks.com/industry-news/other-cities/super-corrido... About 15 to 20 projects of 20-25 acre and large number of small sizes projects are coming along the corridor. All projects are at different stage of construction and are expected to start giving possession in next 1-2 years. Who is buying property along this corridor? Basis on consumer preference trends, demand for multi-storey apartment is mainly coming from migrant population. However, plots are generally preferred by city residents for investments or for future use. Have you seen any price change in 2013? In 2013, property prices as well as buyer inquiries has gone up after TCS bhumi poojan in the month of August 2013. Prices have gone up by 10-15 per cent in the last six months. What are five main USP’s of the Super Corridor? Presence of two major IT and education giants such as TCS, Infosys, Symbiosis, NMIMS and proposed commercial developments; proximity to Indore airport and proposed ISBT; Existing and proposed social infrastructure development, such as existing Aurbindo multi-specialty hospital, proposed medical hub and huge sports stadium of international standards; eight-lanes signal-free corridor; and connectivity to Ujjain, the pilgrimage destination. Second Hand Flat For Sale commonfloor.com/Second-Hand-Flats - 2/3/4 BHK Apartments Available Here Starting at Rs. 13 Lacs. Buy Now! Ads by Google Do you like this story? Post a Comment Share You and one other like this. Follow @magicbrickstoi Related Articles 1. ‘Infrastructure developments to push Ahmedabad realty’ 2. Gujarat: New Naroda sees realty growth; offers affordable flats 3. Vasai-Virar scores high on affordability 4. Pune: Ravet offers apartments affordable than Wakad, Baner 5. 3BHK apartments most supplied in Zirakpur,Kharar and Mohali Have something to say? Post your comment Comments are moderated and will be allowed if they are about the topic and not abusive. Your comment Characters remaining (3000) To post this comment you must log in. Log In/Connect with: Powered by OneAll Social Login or Fill in your details: Name Will be displayed Email Will not be displayed Location Will be displayed 2 of 3 1/9/2014 10:57 AM

Super Corridor – The emerging housing destination in Indore | Propert... http://content.magicbricks.com/industry-news/other-cities/super-corrido... Share this comment: Post to Facebook Post to Twitter Please answer this simple math question. + 4 = 10 More inside the Property Pulse Ahmedabad Bangalore Chennai Delhi NCR Hyderabad Industry buz ‘Ahmedabad to see demand for quali... Karnataka HC seeks state’s sta... 67,000 vie for 102 CMDA plots in Mar... Raj Nagar, Raj Nagar Extension: Affo... Continue to stay invested in West Hy... ‘Infrastructure developments to pu... Revenue site registrations shoot up ... ‘Property prices to rise by 15% in... Govt to soon relax FDI norms in cons... Hyderabad: Invest Rs 40 lakh, earn R... ‘Affordable housing segment to dri... Know what constitutes luxury before ... Chennai: Where to invest in 2014? Property values rise by 50% in Cross... Where to rent a house near Gachibowl... Builders mull legal action against &... Dear luxury home buyer, be aware! Location, social infrastructure driv... Connectivity drives Noida Sector 108... Hyderabad: Where to find house for R... » MORE FROM Ahmedabad » MORE FROM Bangalore Properties in India: Delhi NCR Vadodara Kolkata Bangalore Mangalore Ahmedabad Chandigarh Noida Visakhapatnam Jaipur Ghaziabad Coimbatore » MORE FROM Chennai » MORE FROM Delhi NCR » MORE FROM Hyderabad MagicBricks Services: Pune Mumbai Jamshedpur Goa Chennai New Delhi Kochi Lucknow Gurgaon Indore Hyderabad Faridabad Property Owners: Post Property Advertise Property Saerch Buyers/Tenants Property Seekers: Search Property Search Builders Search Projects Post Requirement New Projects Apply for Loan For All: Search Agents Magic Expo Decor Q&A MB on Mobile Register Now Company: About Us Contact Us Terms & Conditions Privacy Policy Site Map Follow us on: TBSL Network TimesJobs Jobs in India MagicBricks Real Estate in India SimplyMarry Matrimonial India Ads2Book Classified Print Ads TCNext Internet Classifieds TechGig Jobs in IT Software All trademarks, logos and names are properties of their respective owners. All Rights Reserved. © Copyright 2013 Times Business Solutions Limited. 3 of 3 1/9/2014 10:57 AM

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