Indore
The MR 10 real estate market is currently navigating a period of price adjustment, with residential and commercial segments showing varied performance. While apartment prices have seen a slight fluctuation, the commercial sector remains a high-value anchor for investors. Rental demand is consistent across the region, supported by stable rates in established neighboring hubs. Developers are focusing on balancing inventory levels to meet evolving buyer expectations.
As of March 2026, the average asking price in MR 10 stands at ₹4,500 per sq ft. This rate has remained stable with a 0% change, indicating a balanced market environment where supply and demand are currently in equilibrium.
The micromarket rate in MR 10 has shown a downward trajectory over the past few quarters, moving from ₹6,050 per sq ft in September 2025 to ₹5,350 per sq ft as of March 2026. This trend reflects a market correction phase, which may offer more competitive entry points for prospective buyers compared to the peak pricing observed in late 2025.
As of March 2026, office spaces in MR 10 command the highest average price at ₹9,050 per sq ft, showing stable pricing with a 0% change. In contrast, villas are priced at ₹5,650 per sq ft, having depreciated by 25.05% compared to the previous period, while apartments are available at ₹4,500 per sq ft, reflecting a depreciation of 4.96% over the same timeframe.
Among the surrounding areas, Scheme No 54 holds the highest average asking price at ₹10,950 per sq ft, maintaining stable rates with a 0% change. Conversely, Talawali Chanda offers more accessible entry points with an average asking price of ₹4,850 per sq ft, though this area has seen a depreciation of 4.99% as of March 2026.
Rental rates in key nearby localities such as Vijay Nagar, Lig Colony, and Nipania are currently consistent, all averaging ₹50 per sq ft as of March 2026. These rental rates have remained stable with a 0% change, providing a predictable cost structure for tenants looking to reside in these well-connected hubs.
Investors should note that while sale prices for residential units like apartments and villas have seen recent depreciation—such as the 4.96% drop for apartments as of March 2026—the stability in rental rates at ₹50 per sq ft in nearby hubs suggests a consistent demand for leased space. This divergence between capital value adjustments and steady rental demand is a critical signal for those looking to balance long-term asset appreciation with immediate rental income potential.
As of March 2026, villas in MR 10 are priced at ₹5,650 per sq ft, which is higher than the ₹4,500 per sq ft average for apartments but significantly lower than the ₹9,050 per sq ft commanded by office spaces. The villa segment has experienced a notable depreciation of 25.05% compared to the previous period, which may signal a significant market correction or a shift in buyer preference toward other asset classes.
The office space segment in MR 10 has maintained a steady average price of ₹9,050 per sq ft as of March 2026, with a 0% change. This stability indicates a resilient commercial market, suggesting that despite fluctuations in the residential sector, demand for professional workspaces in this locality remains firm and investor confidence is holding steady.
Yes, both Nipania and Mayakhedi have seen price adjustments as of March 2026. Nipania is currently priced at ₹5,700 per sq ft, reflecting a depreciation of 2.54%, while Mayakhedi is at ₹5,650 per sq ft, showing a depreciation of 5.17% compared to the previous period. These trends suggest a softening in demand or an increase in available inventory in these specific residential pockets.
