Overview of Mahalaxmi Nagar, Indore

Location and Connectivity

Mahalaxmi Nagar is a prestigious area in Indore. It boasts a prime location and splendid connectivity. It's linked well with other parts of the city by the Eastern Ring Road and Indore Bypass Road. You're also close to important landmarks and infrastructure. There is an upcoming Yellow Metro Station near Vijay Nagar Square just 3 km away.

Property Types and Availability

• Independent Houses: Mahalaxmi Nagar mainly offers standalone 3/4 BHK homes. They range in price from ₹75 Lac to ₹1.8 Cr with an average square foot price of ₹8,599.
• Apartments: Apartments range from 1 BHK to 5 BHK, with prices from ₹22 Lac to ₹75 Lac. Average pricing per square foot is ₹5,293.
• Plots: Residential plots are on offer here, costing ₹1.2 Cr to ₹1.72 Cr.
• Villas: Luxurious villas offered here range in cost from ₹1.39 Cr to ₹3.5 Cr.

Budget Segments

Properties here fall across different budget ranges:

• Under 20 Lakhs: Few options exist.
• Under 50 Lakhs: There are 3 properties available.
• Under 75 Lakhs: Again, just 3 properties available.
• Under 1 Crore: Only 1 property listed.
• Under 2 Crore: 12 properties in this segment.

Price Per Square Foot

The average price per square foot is around ₹7,834, in Mahalaxmi Nagar. Here’s a look at prices in nearby places:

• Mahalaxmi Nagar: ₹7,834/sq.ft
• Napania: ₹11,247/sq.ft
• Nipania: ₹7,101/sq.ft
• Pipliya Kumar: ₹2,500/sq.ft
• Sai Kripa Colony: ₹17,333/sq.ft

Infrastructure and Amenities

• Educational Institutions: St. Arnold's Higher Secondary School and Deepika High School are nearby.
• Healthcare: Kibs Hospital, The Homeopathy, and Aura Health Care clinics in the vicinity.
• Shopping Hubs: Close by, shoppers can easily access Shoppers Stop and other local centers.

Rental Insights

For those renting:

• Monthly Rentals: Prices range from ₹10,500 to ₹39,200. Affordable, mid-level, and premium properties are present.
• Property Types: 1/2/3 BHK flats, furnished properties, houses for lease, and office spaces.

Investment Potential

Property prices here have grown remarkably by 52.2% annually for apartments. Mahalaxmi Nagar is seen as a highly attractive investment due to modern infrastructure and prime location.

PropertyWala's Conclusion

Indore's Mahalaxmi Nagar is a great pick for buyers and renters. Excellent connectivity, modern infrastructure, and a variety of properties make this area appealing. Mahalaxmi Nagar has affordable and luxury properties suiting different budgets. It's great for investment with good amenities like schools, hospitals, and shops. This locality is a desirable residential spot in Indore and stands out for comfort, convenience, and long-term value. Whether you're looking to invest, buy or rent, Mahalaxmi Nagar offers a compelling choice in this category.