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%
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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 city-wide YoY appreciation running near 7.0%, signalling steady, broad-based demand rather than speculative spikes. Vijay Nagar–AB Road commands the steepest premium at 49.7% (₹8,100 vs ₹5,410/sq ft), followed by Palasia–Old Palasia at 42.3% and Nipania at 40.3% — all established, well-connected corridors where guideline rates have lagged actual transacted values. This gap matters directly for PPP and infrastructure players: land acquisition costs via guideline-rate compensation will understate true market value in these pockets, inviting litigation and delays, while asset monetisation (station areas, TOD parcels, commercial leasing rights) can be priced closer to market rather than reckoner benchmarks. Peripheral zones — Super Corridor, Bicholi Mardana, Rau Bypass, Sanwer Road — carry lower but still meaningful premiums (23-33%), making them more viable for greenfield industrial or housing PPPs, especially with the state's new ₹800/sq ft grant for private industrial areas. Expect guideline-rate revisions to narrow these gaps as MSME-led industrial expansion pushes peripheral land values upward.

Generated 2026-10-26 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

Tiger Shroff Sells Luxury Apartment In Mumbais Khar For ₹9 Crore; Property Bought For ₹7.61 Crore In 2018 - Free Press Journal · Free Press JournalTiger Shroff Sells Luxury Apartment In Mumbais Khar For ₹9 Crore; Property Bought For ₹7.61 Crore In 2018 - Free Press Journal · Free Press JournalMumbai Among India’s Leading Organised Retail Markets With 23.8 Msq Ft Stock: CRE Matrix - Free Press Journal · Free Press Journal · source: CRE MatrixMumbai Among India’s Leading Organised Retail Markets With 23.8 Msq Ft Stock: CRE Matrix - Free Press Journal · Free Press Journal · source: CRE MatrixAccuspace Commercial Portfolio Grows to Over 0.5 Million sq. ft. in Jaipur - ANI News · ANI NewsAccuspace Commercial Portfolio Grows to Over 0.5 Million sq. ft. in Jaipur - ANI News · ANI NewsIndore MSME Push: MP To Give ₹800 Per Sq Ft Grant For New Private Industrial Areas - Free Press Journal · Free Press JournalIndore MSME Push: MP To Give ₹800 Per Sq Ft Grant For New Private Industrial Areas - Free Press Journal · Free Press JournalIndore Cyber Fraud: Property Broker Loses ₹1.93 Lakh To Fake UK-Europe Tour Deal Found On Google - Free Press Journal · Free Press JournalTata AIA Takes Thane Office Space On Lease At ₹67 Lakh Monthly Rent - Free Press Journal · Free Press JournalInfosys Adds 330,000 Sq Ft Block To Indore Campus - Whalesbook · WhalesbookApple pays ₹42 lakh rent to Ambani: DLF charges ₹45 lakh – what others collect from its 4 other exclusive s... - Bhaskar English · Bhaskar English

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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