Indore is the commercial capital of Madhya Pradesh and it is one of the fastest growing tier-2 cities in India. As Indore is growing, its real estate business is also growing by leaps and bounds. The population of Indore is increasing day by day. People are coming to Indore from nearby districts for better job prospects. The main reason for the boom in population is the set up of many manufacturing units and pharma companies in the nearby towns of Pithampur and Dewas. Some of the major companies are Eicher Motors, Hindustan Motors, Bridgestone, Bajaj, Force Motors, L&T, Ranbaxy, Piramal Health care, etc. Many telecom and IT companies like have also set up their head office in Indore providing good job prospects to people. Indore has also grown as a big educational hub because of the presence of leading institutes like IIT and IIM’s. As the population is growing, so is the real estate business. The infrastructure provided by the government is also playing a major part in the development of Indore.

Some of the major players in real estate are Omaxe, Silver Springs, DLF, Parsvnath, Shalimar, Sahara, Apollo Creations, Bloomberg Reality India, IBD Universal, Unitech, Vatsalya Group, etc. They have developed both commercial and residential property in Indore. Major townships have been developed in the AB bypass road and the super corridor areas. Many of the development projects are still going on, once those are completed then Indore also will be in the class of metro cities of India.