Overview of Bicholi Mardana, Indore

Location and Connectivity

• Bicholi Mardana is a high-end area in Indore, close to NH-52, ensuring strong inter-state links.
• Internal roads such as Bicholi Hapsi Road, Godhra Highway, and 1st Cross Road connect the place to surrounding regions.
• The Indore Special Economic Zone, a major commercial hub, is about 3 km away.

Property Prices and Trends

• Average price for apartments here is around ₹5,800 per square foot, with no change year-over-year (YoY).
• Apartment prices range between ₹2,850 to ₹8,000 per square foot.
• Land rates are around ₹6,500 to ₹13,450 per square foot.
• Recent appreciations seen in residential areas like The Residence (16.9% YoY), Milan Heights (12.9% YoY), and M Chugh Grande Exotica (10.2% YoY).

Availability of Properties

• You’ll find over 154 properties for sale and more than 23 rental properties in Bicholi Mardana.
• Popular housing societies include Milan Heights, Shriji Valley, and M Chugh Grande Exotica.

Rental Insights

• Monthly rents generally range between ₹7,500 and ₹14,400.
• The place offers:
  • 7+ affordable properties with rents < ₹12,000/month
  • 3+ mid-segment properties with rents from ₹12,000 to ₹16,000/month
  • 10+ premium properties with rents > ₹16,000/month

Amenities and Infrastructure

• Public transport is good, and cabs, and autos are easily available.
• Markets are nearby.
• The area is safe at night.
• Some nearby schools include Shishukunj Pre School, Agrawal Public School, and Adarsh Shishu Vihar Higher Secondary School.
• Hospitals in the vicinity are Akash Hospital, Aishwarya Hospital, and Nakshatra Heart and Multispeciality Hospital.

Challenges

• Some areas have poor road conditions.
• Increased police patrols are needed.
• Water problems in all buildings plus inadequate cleaning and plantations by the municipality.

PropertyWala’s Conclusion

Bicholi Mardana in Indore provides benefits and some challenges for those buying or renting. The place offers great connectivity, excellent public transport, and proximity to amenities like schools and hospitals. However, poor roads and lack of better municipal services remain issues.

For investment, this area has seen major price rises, making it attractive. With properties available from affordable to premium, there’s something for every budget. Although facing some infrastructure challenges, Bicholi Mardana’s lifestyle and potential growth make it a good option for those considering property in Indore.