Property Rates in MR 10, Indore
Comprehensive Market Snapshot
Property rates in MR 10, Indore average ₹4,500 per sq ft, showing a slight decline compared to the previous quarter. Apartments are a key segment, priced at ₹4,500 per sq ft with a recent downturn. Meanwhile, office spaces in this locale are priced significantly higher at ₹9,050 per sq ft, indicating a dual market dynamic.
- Asking Sale Price₹ 4,500 /sq.ft
Insights for MR 10, Indore Real Estate Market
MR 10, Indore presents a mixed real estate landscape with an average asking price of ₹4,500 per sq ft. The market has seen a dip in asking prices, with the September 2025 quarter projected at ₹4,500 per sq ft, down from ₹4,750 per sq ft in June 2025, while the micromarket rate is expected to rise to ₹6,050 per sq ft. Rental yields show potential, with an average rental rate of ₹50 per sq ft in areas like Vijay Nagar. The property type analysis reveals apartments at ₹4,500 per sq ft experiencing a notable decrease of -4.96%, while office spaces remain stable at ₹9,050 per sq ft. Villas, however, have seen a substantial decline of -25.05% to ₹5,650 per sq ft.
- Apartments in MR 10 are currently priced at ₹4,500 per sq ft, reflecting a -4.96% year-on-year change.
- Villas in the area have experienced a significant price correction, down -25.05% to ₹5,650 per sq ft.
- Office spaces command a higher average price of ₹9,050 per sq ft with no reported year-on-year change.
- Rental rates in prominent sub-localities like Vijay Nagar average ₹50 per sq ft, indicating stable rental demand.
- The upcoming September 2025 quarter anticipates a micromarket rate of ₹6,050 per sq ft, suggesting future growth potential in specific zones.
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Property Price Trends in MR 10, Indore
The asking price in MR 10 is projected to be ₹4,500 per sq ft for the September 2025 quarter, a decrease from the ₹4,750 per sq ft recorded in June 2025. Meanwhile, the broader micromarket rate is expected to increase from ₹5,400 per sq ft to ₹6,050 per sq ft over the same period.
MR 10's real estate market shows distinct pricing across property types. Apartments are currently the most affordable residential option, averaging ₹4,500 per sq ft and experiencing a -4.96% change. Villas are priced higher at ₹5,650 per sq ft, with a significant -25.05% year-on-year decrease. Commercial office spaces represent the premium segment, commanding an average of ₹9,050 per sq ft with stable pricing.
Within MR 10, property values vary significantly across sub-localities. Vijay Nagar stands out with commercial office spaces averaging ₹10,400 per sq ft, showing a 5.04% increase. Scheme No. 54 also offers commercial office spaces at a higher ₹10,950 per sq ft. Residential options include apartments in Pipliya Kumar at ₹7,100 per sq ft and Talawali Chanda at ₹4,850 per sq ft, while villas in Mahalakshmi Nagar are priced around ₹7,750 per sq ft.
FAQs about Property Rates in MR 10, Indore
Property prices in MR 10, Indore, have shown some fluctuation over the past year. From June 2025 to March 2026, the micromarket rate saw a decrease from ₹5,400 per sq ft to ₹5,350 per sq ft, a depreciation of approximately 0.93%. Prior to that, prices had increased from ₹4,500 per sq ft in September 2025 to ₹5,650 per sq ft in December 2025, an appreciation of about 25.56%.
As of March 2026, MR 10, Indore, shows varying average rates across property types. Apartments are priced at ₹4,500 per sq ft, reflecting a depreciation of 4.96% from the previous period. Villas are listed at ₹5,650 per sq ft, experiencing a significant depreciation of 25.05%. Office spaces are priced higher at ₹9,050 per sq ft, with no change reported in their average price.
Property rates vary significantly across neighborhoods near MR 10, Indore. Vijay Nagar and Lig Colony, for instance, show an average rate of ₹10,400 per sq ft and are stable, while Nipania offers apartments at ₹5,700 per sq ft, though it has depreciated by 2.54%. Talawali Chanda has apartments priced at ₹4,850 per sq ft, a notable depreciation of 4.99%, and Khajrana offers apartments at ₹4,950 per sq ft with stable rates. Pipliya Kumar has residential apartments at ₹7,100 per sq ft, appreciating by 1.56%.
In the MR 10 locality, rental rates show some variation across its neighborhoods as of March 2026. Vijay Nagar, Lig Colony, and Nipania all report an average rental rate of ₹50 per sq ft. These areas have maintained stable rental prices, with no percentage change indicated for the period. This consistency suggests a steady demand for rental properties in these specific pockets.
Among the micromarkets analyzed near MR 10, Indore, Vijay Nagar and Scheme No 54 show higher average property rates for commercial office spaces, at ₹10,400 per sq ft and ₹10,950 per sq ft respectively. For residential properties, Mahalakshmi Nagar has villas priced at ₹7,750 per sq ft, appreciating by 1.61%. In contrast, Talawali Chanda has apartments at ₹4,850 per sq ft, showing a depreciation of 4.99%, making it one of the lower-priced areas.
As of March 2026, apartment prices in MR 10, Indore, are the lowest among the analyzed property types, averaging ₹4,500 per sq ft, which represents a 4.96% depreciation. Villas are priced higher at ₹5,650 per sq ft, with a significant 25.05% depreciation. Office spaces command the highest average rate at ₹9,050 per sq ft, showing stable pricing with no change reported.
The price trend in MR 10, Indore, indicates a mixed market. While the micromarket rate saw a slight depreciation from ₹5,400 per sq ft in June 2025 to ₹5,350 per sq ft in March 2026, it had previously appreciated significantly from September 2025 to December 2025. This fluctuation might suggest a period of adjustment, potentially offering opportunities for buyers looking for value, while investors might monitor upcoming trends for clearer signals.
