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
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5.7k
5.2k
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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 in a tier-2 city gaining institutional visibility. 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%—corridors benefiting from commercial density, connectivity and, per recent reports, expanding IT anchor tenancy (Infosys's 330,000 sq ft campus addition signals sustained office demand pulling residential values along AB Road and adjacent belts). This reckoner-market gap matters directly for PPP structuring: land acquisition costs benchmarked to circle rates will understate true market value in these high-premium zones, risking under-compensation disputes, while asset monetisation and value-capture models should price off market rates, not stale guideline figures. Super Corridor and Rau–Bypass, with comparatively lower premiums (28–33%), offer better risk-adjusted entry points for greenfield infrastructure and land-pooling schemes. With YoY appreciation near 7% and growing corporate real estate interest, expect the reckoner-market gap to widen further, necessitating periodic circle-rate revisions to keep PPP land economics viable.

Generated 2026-09-26 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

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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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