Indore is the most developed city of Madhya Pradesh. The city is known for a lot of things including the name change it went. Earlier, the city was known as Indrapur but under the Maratha period, the name was changed to "indur" which eventually transformed to Indore. Now, people buying a home here have a special advantage - the city is home to some of the first IIT and IIM. Thus, a lot of people who appear for JEE, AIEEE and other entrance exams have these reputed institutes on top of their list. So, even if you don’t actually have plans to reside in the flat you’re buying in Indore, you can still earn a hefty return by putting it on rent. That said, you have to make sure your property is strategically located in Indore - close enough to attract students looking for rental homes, far enough to be classified as “affordable”. So, you have to choose the localities very wisely. Taking that into consideration, below are some of the best areas in Indore where you can buy a house.
Some other fast developing localities around Indore are: - Mardana, - AB Bypass Road, - Mahalaxmi Nagar, - Kanadia road and - Khandwa road Bottom line: Since buying a home is unimaginable without using a home loan for most of us, it would be a good idea to check your eligibility for home loan in Indore. So, do that before processing with your plans of buying a home in Indore. Also Read: Best Residential Places to Invest in Indore
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AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |