Regarded as the commercial capital of the state, this 15th century riverside village has come a long way. From commerce, finance, media, art, research, technology, and education, Indore has aggressively exerted its significance in Madhya Pradesh.
Over the years, Indore has established itself as a strong industrial base, with the help of its satellite townships, Pithampur and Dewas. Many privatization initiatives like the country's first toll road and private telephone network (Airtel) has seen Indore at the forefront of liberalization. With well-developed infrastructure, transport facilities, and cheap labor, the city is also regarded as the educational capital of central India. It is the only city in India that has an IIT as well as an IIM, ensuring a regular inflow of skilled professionals.
Prosperity has been kind to this city, as it nests upon rich black soil, making Indore the fourth largest cotton textile industry in India. Indore is also home to the Madhya Pradesh Stock Exchange. Apart from having the reputation of being a financial, industrial, and textile hub, Indore is also an excellent tourist district. It’s neighbour, Mandu, a city of palaces and lakes, is a hot-spot for tourists.
With a booming financial, trading, and industrial sector, Indore defines its own blend of history and rapid future modernization. It is this blend that has made Indore's real estate market, the most expensive in the state.
Stats And Facts
Indore – Striving Industrial Sector
Connectivity
Indore Civic Administration
Indore Infrastructure
Indore allocates its industries with obligatory civic and industrial infrastructure. Solely because of the infrastructure at Indore, the Industrial growth in this region has been unprecedented, leading international companies to set up their industries here. Companies like Dilip Builders, SEW Constructions, Som Projects, Prakash Asphalting, Emerald Industries, PNC Constructions, Chetak Enterprises, Shree Construction are vigorously involved in building airports, dams, highways, and city roads.
Infrastructure Projects
Name of the Project |
Impact Areas |
Expected Completion Date |
Remarks |
Bhopal - Indore AC Double Decker Express |
Bhopal and Indore |
Under construction |
Upcoming superfast AC train service, connecting Bhopal to Indore covering 224 kilometers |
Four-Laning of Shivpur-Dewas |
235 to 556 km stretch from Shivpur to Dewas |
Under construction |
Widening and strengthening of the two-lane highway to a four-lane
|
Omaxe City |
Indore |
Under construction |
Integrated township spread across 89 acre comprising of plots, independent floors and villas |
Indus Mega Food Park Pvt. Ltd |
Indore |
Completed |
Spans an area of 100 acres, equidistant from key consumption markets and ports on the west coast |
Indore Real Estate Market
Key Localities In Indore
Localities |
Per Sq. Ft. Price – Q3 2013 |
Rent Per Month For A 2 BHK Apartment in Indore(approx.) (Figures in 1000 rupees) |
|
2116 |
8 |
12 |
|
2,403 |
7 |
11 |
|
2,339 |
7.2 |
10.8 |
|
2,886 |
7.2 |
10.8 |
|
2,825 |
8 |
12 |
Charges By Different Government Bodies
Stamp Duty for Rural and Urban Areas: 5%
Registration Fee: 0.8%
Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Ltd.
The Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company Limited and the Government of Madhya Pradesh under the Companies Act, 1956 undertake activities of distribution and retail supply for and on behalf of the Madhya Pradesh State Electricity Board.
Electricity Charges
Consumers having sanctioned load not more than 100 watts (0.1 kW) and consumption not more than 30 units per month
(a) Energy Charge and Fixed Charge – For metered connection
Monthly Consumption (units) |
Energy Charge (paise per unit) Urban/ Rural areas |
Monthly Fixed Charge (Rs.) |
Up to 30 units |
290 |
NIL |
(b) Minimum Charges: Rs. 40 per connection per month as minimum charges is applicable to this category of consumers.
Monthly Consumption Slab (units) |
Energy Charge with telescopic benefit (paise per unit) Urban/Rural areas |
Monthly Fixed Charge (Rs.) |
|
Urban areas |
Rural reas |
||
Up to 50 units |
340 |
40 per connection |
25 per connection |
51 to 100 units |
385 |
65 per connection |
40 per connection |
Indore Municipal Corporation
Indore Municipal Corporation was established in 1818 and in 1906 established a new water supply system from the Bilaoli water body. Today, it supplies water to the entire region of Indore.
Water Tariff
Commercial connection: Rs. 14 per kl
Industrial connection: Rs. 24 per kl
Domestic connection: 11 per kl
Indore-PAC
Indore-Pac is a novel initiative towards the development of Indore by strengthening citizen participation in its governance. To fight the stem of ad-hoc development, Indore-PAC looks towards making a successful model of how the citizens can interact with government and elected representatives at a grass root level. Many of its activities include drinking water quality testing, cleanliness drive, voter survey and voter awareness drive.
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