Indore is one of the fastest-growing and populous cities in India. Thanks to the educational and employment opportunities here, people have been steadily relocating from across the country. Did you know this is the only city in the country to have an IIT and an IIM? If you want to settle in Indore or live here for a considerable amount of time, this blog will help you identify the right posh areas in Indore for you.
Posh areas are identified based on the growth of the locality, the price trend of houses, rental values, availability of various facilities, and the community of people who settle there. Since this is a growing city, buying a house in Indore right now is a great investment opportunity, as generic trends show that the demand for real estate in this city will continue to increase in the coming years.
Also read: Indore Metro
Price Trend of Posh Areas in Indore of Apartments
Following is a price trend of posh areas in Indore apartments:-
| S.no |
Locality |
Price Range (Rs./Sq-ft) |
Average Price (Rs./Sq-ft) |
| 1. |
AB Road |
2,321-3,780 |
3,050 |
| 2. |
MR 11 |
4,108-6,530 |
5,319 |
| 3. |
Nipania |
4,086-6,499 |
5,293 |
| 4. |
Super Corridor |
2,644-4,509 |
3,577 |
| 5. |
Vijay Nagar |
3,300-5,764 |
4,532 |
| 6. |
Rau |
3,300-5,764 |
4,532 |
| 7. |
Chandan Nagar |
3,298-7,500 |
6,607 |
| 8. | Geeta Bhawan | 7,200-13,500 | 8,192 |
Top 8 Posh Areas in Indore
Indore is a fast-growing, beautiful city in Madhya Pradesh, so find out all about top posh areas in Indore.
1. Super Corridor
The Super Corridor is one of the first and most posh areas in Indore that is of immense interest right now. This is a concept created and executed by the Indore Development Authority (IDA) and is a corridor that is 12 km in length, stretching from Vijay Nagar Square to the Indore Airport.
According to IDA, there will be a total of 18 commercial developments established along this corridor, including a mall, a sports complex, a convention centre, and a medical centre.
The prospect of development has made Super Corridor a locality of choice for high-end residential builders, and people are flocking to buy apartments and plots in the Super Corridor.
Prices of properties range here between INR 2,644-4,509 per sq ft.
2. Nipania
Nipania is a fast-growing locality that is rapidly becoming one of the most posh areas in Indore. The area is surrounded by other high-end localities like Vijay Nagar, Bapu Gandhi Nagar, Deep Palace Colony, and Mahalaxmi Nagar, making it a residential area of preference for many. Nipania is also strategically close to the Sanwer Road Industrial Area and the Indore Special Economic Zone, making it a location of choice for thousands of employees working in these regions.
Shopping arcades like the C21, Malhar Mega Mall, and Treasure Island Mall are close to Nipania. The MR-10 road offers great connectivity to the rest of Indore.
Prices of properties range between INR 4,086-6,499 per sq. ft.
3. Vijay Nagar
Situated strategically between MR-9, MR-10, AB Road, and the Eastern Ring Road, Vijay Nagar is one of the top localities in Indore that has a good mix of residential and commercial establishments. The locality is a suburb that grew extensively in the late 1990s. At present, most posh residential developers have already built or are in the process of creating residential layouts here.
The real estate prices are some of the highest in all of Indore in Vijay Nagar. High-end shopping complexes like the Malhar Mega Mall, C21, and Mangal City Mall are in this area. Vijay Nagar is close to another posh area in Indore, Mahalaxmi Nagar.
The prices of residential properties here range between INR 3,300-5,764 per sq. ft. here.
4. Mahalaxmi Nagar
Another posh area in Indore that is of high interest is Mahalaxmi Nagar. The TCS and the Infosys Special Economic Zones are close to Mahalaxmi Nagar, bringing in an influx of young individuals from all over the country here. Thanks to this proximity, this region’s rental and property prices have shot up in the last few years.
There are multiple shopping centres close to Mahalaxmi Nagar, including the C21, Indore Central, Mangal City Mall, and the Malhar Mega Mall. All top builders in the city have developed projects in this area, and the price of residential properties here ranges between INR 3,400/sq. ft. and INR 5,100/sq. ft.
5. LIG Colony
LIG Colony was an initiative of the Indore Development Authority and has a total of 15 sectors – starting from Sector A to Sector M2. Although this was not initially a posh area in Indore, the real estate rates here have quickly escalated. Currently, it would be really expensive to find an apartment or a house in this locality. LIG Gurudwara, one of the most devotional places in the city, is located here.
Project prices in LIG Colony range between INR 4,300/sq. ft. and INR 13,025/sq. ft.
6. Rau
Located right off the road connecting Pithampur from NH52, Rau is a suburb close to Indore’s industrial area. It has grown extremely popular because of its proximity to other happening localities in Indore.
The Rau Railway Station is located on the Akola-Ratlam line, and the Indore Junction Railway Station, the primary railway junction in the city, is about 14 km from Rau. This locality is popular for having great connectivity to other important areas like Hasanji Nagar, Shramik Colony, Gurukul Colony, and Ashok Vihar Colony.
Project prices in Rau range between INR 3,300-5,764 per sq. ft., depending on the builder and space of the residential unit.
7. Chandan Nagar
Chandan Nagar is a suburb of Indore that has grown tremendously in the last few years. This locality has a total of eight sectors, and there are more than 300 houses in each. The Indore International Airport is right on the border of Chandan Nagar, making it a popular choice of stay for people who travel frequently. This proximity to the airport has also increased real estate prices in this locality. There is no doubt that Chandan Nagar is also growing to become one of the posh areas in Indore.
The project prices in Chandan Nagar range from INR 3298/sq. ft. to INR 7,500/sq. ft.8. Geeta Bhawan
Geeta Bhawan or Geeta Bhavan is a posh area in Indore known for its excellent connectivity, housing and a strong presence of spiritual, educational, and healthcare institutions. Talking about housing, Geeta Bhawan comprises well-maintained societies like Kanchan Bagh, Manoramaganj, Navratan Bagh.
In terms of connectivity, Geeta Bhawan is situated on the Agra-Bombay Road (NH 52), Geeta Bhawan benefits from excellent connectivity to major city hubs and public transport networks.
Furthermore, the presence of schools and proximity to MGM Medical College enhances the educational landscape of the area. Not just this, Geeta Bhawan locality has similar office complexes to support business activity.
The area is centred around the renowned Geeta Bhawan temple which serves as an important venue for religious gatherings, cultural programs as well as motivational events.
In terms of hospitality, the area has premier hotels like Hotel Luxemburg, Hotel Taj (3-star), and Hotel Jai, as well as budget-friendly and modern options like FabHotel Santoor, which offer amenities like air-conditioned rooms, private bathrooms, and free Wi-Fi.
The average project prices in Geeta Bhawan range between INR 7,200/ sq. ft. - Rs 13,500/ sq. ft.
What are the advantages of buying a property in the top localities in Indore?
Here are some advantages of buying a property in some of the top localities in Indore.
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Better community – Buying houses in the posh areas in Indore allows you to live in a better community, surrounded by like-minded individuals and friendly neighbours.
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Access to better facilities – A well-designed and well-developed locality has better facilities, like well-maintained parks, entertainment complexes, religious places, and better commutation options in these places.
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Better resale value – The houses in these good localities in Indore have better resale value when you sell them. If you decide to offer such houses for rent, the properties attract higher rental prices.
Conclusion to Posh Areas in Indore
The localities listed above are the eight top most posh areas in Indore where buying a property is beneficial in several ways. Whether you want to buy a property here for investment or to settle in these areas, you will benefit from the decision.
Currently, many top builders are developing multi-storey apartments and villas in these eight locations in Indore. You can check for the details on MagicBricks’ website and find a property of your choice.
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