Unraveling The Real Estate Boom In A.B. Road, Indore A.B Road in Indore is a bustling and modern residential locality. The area entails stupendous transport facilities, superb infrastructure, and affordable property and housing rates. With the boom in real estate and subsequent drive to construct more and more residential edifices, this area has truly emerged to become a much sough-after and commercial viable housing locality. Owing to its proximity to all the prominent locations and centers of Indore, A.B. Road attracts a huge surge of investment. The property rates and price appreciation gamut is headed for an upward movement in A.B. Road. The area at large A.B. Road consists of many reputed educated institutions like Sikkim Manipal University, Gandhi Medical College, Nilgiri College of Professional Studies, BM College, and Institute of Advanced Network Technology, which stand tall in this stretch. There are healthcare facilities like Suyash Hospital, Vishesh Hospital, Maharaja Yeshwantrao Hospital, Child Care Centre and Rohit Eye Hospital. They help in reinforcing the area’s strong social infrastructure. With respect to transit points and connectivity, you have the ICTSL (Indore City Transport Corporation Ltd, which is the responsible authority for percolating and regulating public transportation in this city. It operates vans and buses throughout Indore, a majority of which pass through this stretch. Growth factors in the past The initial growth factors for A.B. Road used to be in the garb of demographic advantage. Towards the end of the 20th century, the Indore rulers took a keen interest in the art of urban planning. They made several urban development strategies to establish the city’s municipal’s edifice. However, natural obstacles like steep hills impeded the city’s growth in the real estate landscape. As a result of this, Indore got its expansion towards the eastern corridor, which propelled A.B. Road on the course of development. As things turn out, the IDA (Indore development Authority) and municipal corporation led the foundation of the planned development of this vibrant city. The resultant drive The transition eventually turned A.B. Road into a commercial and residential hub. In the recent past, the advent of industrial sectors and IT in A.B. Road and its subsequent boom has fuelled both residential and infrastructure project enhancement in this area. This has led to a tremendous urbanization of the locality, which now shelters people from across India. Many IT professionals are migrating to A.B. Road.
The current scene The property prices here have a tendency to fluctuate. In 2014, the median apartment rate in the April-June phase was Rs 2, 300 per sq ft. The January-March span registered an average of Rs 2, 275 per sq ft. The rates of residential Projects in A.B. Road, plots and independent houses, on the other hand, continue to float at Rs 16, 053 and Rs 2, 520 per sq yard respectively. Housing developments are on the rise in this stretch. The large number of employment opportunities and service allocations has fuelled this huge migration. The commercial market in A.B. Road is also expanding at a rapid pace, which merits the construction of new residential projects. With price appreciations hitting gravy train, the builders and developers are coming up with new deluxe projects.