Super Corridor holds immense potential on account of their existing infrastructure and proposed commercial development says Nileesh Jain, director, DCNPL Pvt Ltd in conversation with Rishab Jain, Magicbricks.com Bureau. Here are the excerpts of the conversation: What is Super Corridor in Indore? What all are coming along this corridor? Super Corridor is Indore Development Authority’s project. It is a 12 km stretch starting from airport to Vijay square in central Indore. The area is proposed to evolve as a commercial hub with the large scale of IT, SEZ, educational, medical projects along the corridor

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You are here:Home » Property News » Other cities » Super Corridor – The emerging housing destination in Indore
Super Corridor – The emerging housing destination
in Indore
Jan 4, 2014, 10:05PM IST
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Super Corridor holds immense potential on account
of their existing infrastructure and proposed
commercial development says Nileesh Jain,
director, DCNPL Pvt Ltd in conversation with
Rishab Jain, Magicbricks.com Bureau. Here are
the excerpts of the conversation:
What is Super Corridor in Indore? What all
are coming along this corridor?
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Super Corridor is Indore Development Authority’s
project. It is a 12 km stretch starting from airport to
Vijay square in central Indore. The area is proposed to evolve as a
commercial hub with the large scale of IT, SEZ, educational, medical
projects along the corridor.
What all developments are proposed along the Super
Corridor?
Indore Development Authority (IDA) has planned both commercial as
well as residential developments, along both sides of the corridor. Land
abutting to the Super Corridor has reserved for development by IDA.
What all commercial developments are expected to come
along the corridor? And what is the status of commercial
development in the region?
TCS and Infosys has acquired huge land parcels in the region, sizes over 100 acres. The region is also
expected to see many other small IT companies to set-up their base in the near future. The corridor
is also planned for retail as well as corporate office development in near future. Education giants like
Symbiosis and Narsi Monji Institute of Management Studies has also got clearances to start their
operations.
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What types of residential projects are coming up along the corridor?
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Developers are offering mix of residential properties, such as multi-storey apartments, plots, row
houses and villas. Multi-storey are maximum in supply with over 50 per cent of total supply in the
region. Developers are mainly offering 2 and 3BHK units. There is a very limited supply for 1BHK
units. Residential plots are second most in supply, followed by row houses and villa.
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What is the prevailing price and size of property in the market and by when these
projects expected to start giving possession?
Multi-storey apartments are selling between Rs 2300 to Rs 2500 per sq ft. Developers are mainly
offering two types of apartments, furnished and un-furnished. Furnished apartments command
premium of Rs 200 per sq ft in the market with offering modular kitchen and wardrobe in the
bedrooms. Residential plots are available for sale in the price ranges between Rs 2000-2700 per sq
ft.
The average super built-up size of 2BHK apartment ranges between 1000 – 1200 sq ft. The 3BHK
size ranges between 1500 – 1600 sq ft. On the other hand, residential plots are mainly available in
two sizes 30×50 and 60×40.
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About 15 to 20 projects of 20-25 acre and large number of small sizes projects are coming along the
corridor. All projects are at different stage of construction and are expected to start giving
possession in next 1-2 years.
Who is buying property along this corridor?
Basis on consumer preference trends, demand for multi-storey apartment is mainly coming from
migrant population. However, plots are generally preferred by city residents for investments or for
future use.
Have you seen any price change in 2013?
In 2013, property prices as well as buyer inquiries has gone up after TCS bhumi poojan in the month
of August 2013. Prices have gone up by 10-15 per cent in the last six months.
What are five main USP’s of the Super Corridor?
Presence of two major IT and education giants such as TCS, Infosys, Symbiosis, NMIMS and
proposed commercial developments; proximity to Indore airport and proposed ISBT; Existing and
proposed social infrastructure development, such as existing Aurbindo multi-specialty hospital,
proposed medical hub and huge sports stadium of international standards; eight-lanes signal-free
corridor; and connectivity to Ujjain, the pilgrimage destination.
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