Indore Property Demand at a Record High
Despite battling pandemic, property sales in Indore touched a record high in the calendar year 2021 clocking a revenue of Rs 1,620 crore led by sales of residential properties and plots. Breaking all previous records, home buyers pushed property sales to a new high in the calendar year 2021. Sales were led by demand from user customers for residential properties. During January-December 2021, revenue from sales of property .in Indore was Rs 1,620 crore, up 42 per cent from previous calendar year. Last year in 2020, revenue from property sales were Rs 1,140 crore, according to the official. Last year property registration was shut from April 20, 2021 to May 13, 2021 due to pandemic enforced rules. According to real estate players, enquiries for plots and residential properties have jumped in Bypass, Rau, Ujjain Road, Bicholi, Kanadia and Pithampur area. In the financial year 2020/21 that ended on March 31 a total of 1,07,000 properties were registered clocking revenues of Rs 1,325 crore, as per the official data.
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