Indore is the commercial hub of the Madhya Pradesh, and it is on the way to becoming one of the smart city of India. Indore has also registered its name in the Tier II cities among the other 20 cities of India.
With the latest development of the govt. Projects like the introduction of IIM & IIT the city has also emerged as an educational hub of the Madhya Pradesh as well as Central India.
All these features have made the Indore, as well as a nearby location, makes a great opportunity for the real estate investments.
Why Residential or Real Estate property in Pithampur
Pithampur is the industrial area of the Indore region and it is the prime destination of the giant automobile companies like Eichers motors, Force, MAN trucks, etc with other SMEs of auto parts manufactures. Apart from the automotive industries it also has the food processing plants, chemical processing, and textile industries.
It is on the way it attracts the thousands of workforce in the area with the upcoming projects of which will raise the demand for the large mass of the workforce.
There are no. of factors which make the Pithampur best for the real estate investment. They are mentioned below:
It is well served with the NH 3 (Agra-Bombay Highway) and other state highways with rail and domestic airports facilities. Pithampur is well connected with the nearby states and their major cities like Ahmedabad, Pune, Mumbai, Vadodara and many more.
SEZ (Special Economic Zone)
Now Pithampur has come under SEZ (Special Economic Zone). SEZ means an area in which business and trade laws are different from the rest of the country. It encourages the business to set up in the zone where they receive the different financial policy to reduce the taxations.
The state govt has executed the plan of Delhi- Mumbai Industrial Corridor (DMIC), development of Pithampur-Dhar- Mhow and other industrial belts. Under this, the various social and other economic development will undergo and influence the various business & job creation surroundings.
Stipulations or Demands of Homes
It is estimated that in the upcoming decade the workforce is expected to rise by 10% as the industries are growing by the rapid pace. Thus the housing need is going to rise further.
Hence all these factors make the Pithmpur best for the real estate investment. It’s a great opportunity to have real estate property in Pithampur.