All citiesMadhya Pradesh · Tier 2 · 8 micro-markets · reckoner: MP IGR — Guideline Rates

Indore rates, per sq ft carpet.

city avg 12-month change ▲ 7.4%· market runs +35% over reckoner
pop. 3.5 mn (2026e, 2.2 mn in 2011) · rented 28% / owned 72%
8.1k
7.2k
6.1k
5.7k
5.2k
4.6k
4.3k
3.2k

Pin = market rate, ₹/sq ft carpet. Click a pin to load it into the land-cost calculator.

Micro-marketMarket ₹/sq ftReckonerPremiumRent ₹/sq ft/moYield · typical
Vijay Nagar – AB Rd
Central business district
₹8,100₹5,410+49.7% (+2.7% vs city line)₹16.22.4%
2 BHK ₹15,400/mo
Palasia – Old Palasia
Prime residential
₹7,230₹5,080+42.3% (-1.2% vs city line)₹16.32.71%
2 BHK ₹15,500/mo
Nipania
Prime residential
₹6,130₹4,370+40.3% (+0.7% vs city line)₹13.82.7%
2 BHK ₹13,100/mo
Mahalaxmi Nagar – Scheme 140
Established mid-market
₹5,660₹4,200+34.8% (-2.3% vs city line)₹14.63.1%
2 BHK ₹13,900/mo
Super Corridor
Established mid-market
₹5,190₹3,900+33.1% (-1.6% vs city line)₹13.43.1%
2 BHK ₹12,700/mo
Bicholi Mardana
Growth suburb
₹4,600₹3,590+28.1% (-2.8% vs city line)₹133.39%
2 BHK ₹12,400/mo
Rau – Bypass
Growth suburb
₹4,310₹3,350+28.7% (-0.2% vs city line)₹12.23.4%
2 BHK ₹11,600/mo
Sanwer Rd – Ujjain Rd
Peripheral / emerging
₹3,190₹2,590+23.2% (+6.3% vs city line)₹9.83.69%
2 BHK ₹9,300/mo

Land cost calculator — acquisition, stamp duty & TDR

Type a plot size; we apply the micro-market land rate, the state's stamp-duty rule (charged on the higher of market and reckoner value) and the local TDR pricing convention.

Acquisition (market)

₹13.94 cr

₹3,200/sq ft × 43,560 sq ft

Stamp duty + registration

₹1.46 cr

7.5% + 3% on ₹13.94 cr

Total outlay

₹15.40 cr

₹1,768 per buildable sq ft @ FSI 2

Reckoner value of plot₹2,510/sq ft₹10.93 cr
Market premium over reckoner₹3.01 cr
Buildable area87,120 sq ft
TDR value of unused FSI87,120 sq ft × ₹628 (≈25% of land reckoner)₹5.47 cr

Madhya Pradesh: 7.5% stamp + 3% registration. Indicative — confirm with the sub-registrar's current schedule.

Vidura market brief

Indore's residential market continues to trade well above MP IGR guideline rates across all tracked micro-markets, with premiums ranging from 23% to nearly 50%, reflecting sustained end-user and investor demand against a seeded YoY appreciation trend of approximately 7%. Vijay Nagar–AB Road commands the steepest premium at 49.7% (₹8,100/sq ft vs ₹5,410 reckoner), followed by Old Palasia at 42.3% and Nipania at 40.3% — corridors benefiting from established commercial density, connectivity and social infrastructure. This widening gap between transacted and circle rates matters directly for land acquisition costs, stamp duty computations, and compensation benchmarking in PPP land-pooling or TOD models, where government rates increasingly understate true market value, complicating fair-value negotiations and asset monetisation exits. Peripheral growth corridors like Super Corridor and Rau Bypass show comparatively moderate premiums (28-33%), suggesting better acquisition economics for greenfield infrastructure projects. With hospitality and commercial investment activity (such as Pride Hotels' new Indore property) signaling continued confidence, guideline rate revisions are likely to lag market reality further, sustaining acquisition arbitrage in near term.

Generated 2026-09-06 from the engine's current numbers and recent headlines · refreshed weekly

5-year trend — city average, residential

Lime = engine's city average sale · sky = rent ₹/sq ft/month · dashed blue = YoY % · amber dots = credible prints (CRE Matrix / PropEquity / Knight Frank / IGR headlines, team deals) — 0 so far · 5Y sale +20.1% · rent +21.2%

  • print
  • rent
  • value
  • yoy
2021-102022-032022-072022-112023-032023-072023-112024-032024-072024-112025-042025-082025-122026-052026-095k5k5k5k6k-5%0%5%10%15%

Reckoner ↔ market correlation

market ≈ −₹1,485.1 + 1.7326 × reckoner · R² 0.993 · n = 8 micro-markets

2k3k4k5k6k3k5k6k8k9k

Points above the line are micro-markets where the market has run further ahead of the government rate — expect higher land-acquisition cost and stamp-duty arbitrage; points below signal reckoner catch-up risk.

Recent public signals

Indicative desk estimates calibrated to government reckoner/circle rates and public signals; not a valuation. Refined daily and by team corrections. Reckoner source: MP IGR — Guideline Rates. Unit: ₹ per sq ft carpet (land: ₹ per sq ft of plot).

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