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Low Cost Housing in Indore

 The residential property market in Indore is not at all an over-priced one. It has a mix of industrial laborers, engineers, managers, and factory owners residing within the city. Indore is therefore an industrial zone and commercial center in Madhya Pradesh. The economy of this place is largely depended on the automobile industry and the manufacturing units of building materials and processing companies. The industrial lot in the city is the main taker of low cost housing in Indore. For low-income earning groups  (earning Rs 150- Rs 180 per day), homes worth 10-12 lakhs is a dream. So, there are several housing options coming up for this population in Indore.

 
On the other hand there is the middle-income group that does not mind taking a home loan and paying the minimum interest for it. There are apartments that are well-priced between Rs 14 lakhs- Rs 20 lakhs. These apartments have excellent locations and great facilities. Pollution is also becoming a major threat to this industrial city, therefore the demand for Green Homes in Indore is also rising. Fortunately, the production cost of Green Homes have been slashed at least 20 per cent than in the years 2003- 2007. Providing the best pollution control measures is the Green homes that are also considered low-cost in housing property in Indore by the middle-class people. 
 
Being of the popular commercial centers has also given much impetus to Indore city. Tourists are often in the shopping plazas that have great collection. It has been observed that the luxury home sector in Indore is largely surviving on the purchase of the NRI’s and the business executives, and high-end business magnets. They are considered as vacation homes as well for retired people as most villas and bungalows are located far from the city limits. 
 

Low cost housing projects in Indore

 
The Omaxe realty firm announced in the year 2009 the construction of 10,000 low cost houses in Indore that is priced between Rs 4 lakhs to Rs 10 lakhs. A 200-acre integrated township is about to be one of the most luring hosing project in Indore especially for the middle-income group. 
 
The Shalimar group offers some of the best affordable homes in Indore under its various projects. ‘Shalimar Palms’ready is popular for 2 BHK and 3 BHK apartments and situated in a prime location. Another venture of the same group is the ‘Premium Towers’ that is specialized with 3 BHK and 4 BHK flats. 
 
Locations for low cost housing in Indore
 
Here are few places listed where you can find low cost properties in Indore easily.
 
Jain Mandir area
Saket
Goyal Nagar
Sanchar Nagar
Anurag Nagar
Vijay Nagar
AB Road