Indore Pin Codes: 5 Most Affordable Areas in Indore
Indore, the commercial capital of Madhya Pradesh, is a bustling city located in central India. It is known for its rich cultural heritage, vibrant nightlife, and delicious street food. The city has been ranked as one of the cleanest cities in India and is also known for its rapid development in recent years. The real estate market in Indore has also witnessed a considerable boom, with a rise in demand for residential properties. However, finding an affordable place to live in the city can be challenging. In this article, we will discuss the top 5 most affordable pin codes in Indore city to live in, along with their cost of living, average property rates, average cost of renting 2BHK, and average cost of buying 2BHK.
1. Pin Code 452016 – Sudama Nagar
Sudama Nagar is a popular residential locality in Indore and is located in the west-central part of the city. It is well-connected to other parts of the city and is also close to major hospitals, schools, and shopping centers. The cost of living in Sudama Nagar is affordable, with an average monthly expenditure of around INR 20,000. The average property rate in this area is INR 2,800 per square foot. The average cost of renting a 2BHK flat is around INR 8,000 per month, and the average cost of buying a 2BHK flat is around INR 25 lakhs.
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2. Pin Code 452002 – Rajendra Nagar
Rajendra Nagar is a rapidly developing area in Indore and is located in the southeast part of the city. The cost of living in Rajendra Nagar is slightly higher than Sudama Nagar, with an average monthly expenditure of around INR 25,000. The average property rate in this area is INR 2,600 per square foot. The average cost of renting a 2BHK flat is around INR 10,000 per month, and the average cost of buying a 2BHK flat is around INR 30 lakhs.
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3. Pin Code 452001 – Chhavni
Chhavni is a residential locality in Indore that is located in the southwest part of the city. It is a quiet and peaceful area and is well-connected to other parts of the city. The cost of living in Chhavni is affordable, with an average monthly expenditure of around INR 20,000. The average property rate in this area is INR 2,400 per square foot. The average cost of renting a 2BHK flat is around INR 9,000 per month, and the average cost of buying a 2BHK flat is around INR 28 lakhs.
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4. Pin Code 452010 – Bhawarkuan
Bhawarkuan is a popular residential locality in Indore and is located in the northwest part of the city. It is a well-developed area and is close to major schools, hospitals, and shopping centers. The cost of living in Bhawarkuan is slightly higher than Chhavni, with an average monthly expenditure of around INR 25,000. The average property rate in this area is INR 2,700 per square foot. The average cost of renting a 2BHK flat is around INR 10,000 per month, and the average cost of buying a 2BHK flat is around INR 32 lakhs.
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5. Pin Code 452011 – LIG Colony
LIG Colony is a residential locality in Indore that is located in the north-central part of the city. It is a well-planned area with good infrastructure and is close to major hospitals and schools. The cost of living in LIG Colony is affordable, with an average monthly expenditure of around INR 20,000. The average property rate in this area is INR 2,500 per square foot. The average cost of renting a 2BHK flat is around INR 9,000 per month, and the average cost of buying a 2BHK flat is around INR 30 lakhs.
Conclusion
In conclusion, these are the 5 most affordable pin codes in Indore city to live in. Each area has its own unique features and benefits, so it is important to consider your personal preferences and requirements before making a decision. Whether you're looking to buy property or rent a 2BHK, these areas offer great value for money and a comfortable lifestyle.
FAQs
Yes, all the areas on our list are considered safe for living. However, it's always important to exercise caution and take necessary safety measures.
Yes, you can find affordable amenities such as groceries, healthcare, and transportation in these areas.
The job market varies in each area, but Indore city overall offers plenty of job opportunities in various sectors.
Yes, most of these areas are well-connected to good schools and colleges, making it a great choice for families with children.
Yes, these areas are well-connected to public transportation, making it easy to commute to different parts of the city.
