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The real estate market in MR 11 presents a stable environment for prospective buyers, with current average rates resting at ₹5,050 per sq ft. Recent quarterly data indicates a slight adjustment in pricing, reflecting a mature market that is balancing supply with demand. Rental opportunities in the vicinity are competitive, with nearby hubs like Vijay Nagar, Nipania, and LIG Colony all maintaining an average rental rate of ₹50 per sq ft. Buyers looking for immediate possession can explore ready-to-move inventory which offers entry points starting at ₹4,250 per sq ft.
The average asking price in MR 11 is ₹5,050 per sq ft as of June 2026. This rate has remained stable, showing a 0% change compared to previous periods, which indicates a period of price consolidation in this locality.
Property prices in the vicinity of MR 11 vary significantly across different neighbourhoods. For instance, Scheme No 54 commands a higher average asking price of ₹10,950 per sq ft, while areas like Talawali Chanda are more accessible at ₹4,850 per sq ft. Other notable rates include ₹10,400 per sq ft in Vijay Nagar, which appreciated by 5.04%, and ₹5,700 per sq ft in Nipania, which saw a depreciation of 2.54%.
As of June 2026, villas in MR 11 command a premium with an average price of ₹10,050 per sq ft, though this segment experienced a depreciation of 12.16% compared to the prior period. In contrast, apartments are priced at ₹5,050 per sq ft, reflecting a marginal depreciation of 0.53% over the same timeframe.
Ready-to-move properties in MR 11 are currently priced at an average of ₹4,250 per sq ft as of June 2026. This segment has seen a depreciation of 8.36% compared to the previous period, which may present a more attractive entry point for end-users looking for immediate possession.
SDA Denmark City is a notable project in MR 11, currently featuring an average listing rate of ₹4,250 per sq ft as of June 2026. This project has experienced a depreciation of 8.36% compared to the previous period, aligning with the broader trend observed in the ready-to-move segment within the locality.
Rental rates across key neighbourhoods near MR 11, including Vijay Nagar, Nipania, and LIG Colony, are currently stable at ₹50 per sq ft as of June 2026. This consistent rental pricing across these areas suggests a balanced demand for rental inventory in these specific pockets of Indore.
