Madhya Pradesh real estate property market investment

Real estate investment in Madhya Pradesh is on the rise. Property market of the state has attracted national and foreign investors. The state is located in the geographic heart of India. Bhopal is the capital city, while Indore is the largest city of Madhya Pradesh.

To make Madhya Pradesh more attractive to investors, the government has taken steps to further improve the infrastructure. These include development of roads, communication infrastructure, places of tourist interest, etc. The cities of Madhya Pradesh, particularly Indore and Bhopal, are striving to be on a par with other industrialized cities of India.

Demand for high-end residential and commercial property increases as the economy gets richer. Several Special Economic Zones (SEZs) have been set up by the Government, many in partnership with private companies. Areas around SEZ also tend to develop as a result of the economic activities in the SEZs, which in turn leads to increase in real estate prices.

Few recent real estate developments include -
Parsvnath SEZ Ltd (PSL), a subsidiary of Parsvnath Developers Ltd has signed a MoU with the Government of Madhya Pradesh to provide facilities and incentives at the 76 acres SEZ being developed by PSL at Indore. Parsvnath Developers are also building Parsvnath City at Indore that will offer multi-storey condominiums, villas and plots, at an area that spreads over 200 acres.
Property developers Prabhatam are developing shopping complexes in Indore and Jabalpur.

More facts about Madhya Pradesh

The state has a total population of about 60 million. The total land area of Madhya Pradesh is about 308,144 square kilometers and the state is divided into 48 districts, which are grouped into eight divisions: Bhopal, Chambal, Gwalior, Indore, Jabalpur, Rewa, Sagar, and Ujjain.

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Real estate and property market investment in Madhya Pradesh