Indore
MR 10 presents a dynamic property market where pricing varies significantly across asset classes. Office spaces currently trade at an average of ₹9,050 per sq ft, reflecting strong commercial demand in the broader region. Meanwhile, residential sectors such as apartments and villas show more accessible entry points, though they have seen recent price adjustments. The rental market is bolstered by neighboring localities like Vijay Nagar and Nipania, both of which now command average rental rates of ₹50 per sq ft. This synergy between commercial activity and residential rental yields offers a multifaceted investment environment for those looking at the Indore real estate sector.
As of June 2026, the average asking price in MR 10 stands at ₹4,500 per sq ft. This rate has remained stable with a change percentage of 0% compared to the previous period, indicating a period of price consolidation in this locality for residential apartments.
The micromarket rate in MR 10 has shown a fluctuating trajectory, moving from ₹6,050 per sq ft in September 2025 to ₹5,650 per sq ft in December 2025, then dipping to ₹5,350 per sq ft in March 2026, before recovering to ₹5,800 per sq ft as of June 2026. This recent upward movement from March to June 2026 suggests a renewed interest or tightening supply within the micromarket.
Property rates in the vicinity of MR 10 vary significantly based on the locality and property type. For instance, office spaces in Vijay Nagar command an average asking price of ₹10,400 per sq ft, having appreciated by 5.04% over the observed period. In contrast, residential apartments in Talawali Chanda are priced at ₹4,850 per sq ft, which reflects a depreciation of 4.99%, while Nipania residential apartments are currently at ₹5,700 per sq ft, showing a depreciation of 2.54%.
As of June 2026, property prices in MR 10 are segmented by type: office spaces are priced at ₹9,050 per sq ft, showing stability with a 0% change. Villas are currently at ₹5,650 per sq ft, which represents a significant depreciation of 25.05% compared to the previous period. Meanwhile, apartments are priced at ₹4,500 per sq ft, reflecting a depreciation of 4.96%.
Rental rates in the areas surrounding MR 10 show positive growth as of June 2026. Vijay Nagar has an average rental rate of ₹50 per sq ft, which has appreciated by 4.76% compared to the previous period. Similarly, Nipania also reports an average rental rate of ₹50 per sq ft, demonstrating a stronger appreciation of 8.33% over the same timeframe.
The rental appreciation observed in Vijay Nagar and Nipania, both at 4.76% and 8.33% respectively as of June 2026, suggests a growing demand for rental properties in these established neighbourhoods. Investors looking at these areas should note that while sale prices in some nearby residential pockets have seen corrections, the rental market remains resilient, which may provide a buffer for long-term rental income potential.
