Palasia, Indore Overview

Location and Development

Palasia, found in Indore, sits developed along AB Road. The region is noted for its prime spot, close to numerous amenities and vital infrastructure.

Property Rates

• Properties in Palasia start from Rs. 3,666 per sqft.
• The average price reaches Rs. 5,679 per sqft.
• The most upscale property hits up to Rs. 8,146 per sqft.

Types of Properties

• Apartments: Come in formats such as 2 BHK and 3 BHK. An example: a 3 BHK apartment has a built-up area of 1050 sq.ft and costs around ₹98 lakhs.
• Independent Houses: Available for rent or sale, featuring modern comforts and top-notch amenities. For instance, a 3 BHK independent house rents for ₹45,000 per month.

Amenities and Infrastructure

• Schools: Swami Vivekananda Government Model Higher Secondary School is within 1 km.
• Healthcare: Otto Bock HealthCare, Artificial Limb Fitting Centre is just 0.2 km away.
• Other Amenities: 24*7 water supply, CCTV, security, lift, and parking facilities are common in the properties.

Rental Options

• Flats for Rent: Options include 2 BHK (1200 sq.ft) for ₹32,000 per month and 3 BHK (2200 sq.ft) for ₹65,000 per month.
• Independent Houses: Rent ranges from ₹45,000 per month for a stylish 3 BHK unit.

Price Trends

• There's been a 31.32% drop in property rates in Palasia over the last year. This marks a buyer-friendly market right now.

PropertyWala's Summary

Real estate-wise, Palasia in Indore offers promising prospects for buyers and renters. The area boasts a mix of budget and luxury properties alongside a range of amenities and a top-notch location. We can sum it up: the current decline in prices, by a solid annual percentage, makes it a good time to buy or invest. Renters benefit from furnished, well-kept properties at competitive rates. In essence, Palasia is popular for those seeking easy, comfortable living in Indore.