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The MR 11 real estate market continues to evolve, characterized by a mix of residential offerings and shifting price points across segments. Recent quarterly data shows a slight cooling in prices, with the location rate moving from ₹5,100 to ₹5,050 per sq ft. Rental demand in surrounding areas like Vijay Nagar and Nipania remains healthy, with both reporting average rental rates of ₹50 per sq ft. This rental activity provides a useful benchmark for investors evaluating long-term returns in the broader Indore region.
As of Jun 2026, the average asking price in MR 11 is ₹5,050 per sq ft. This rate has remained stable with a change percentage of 0% compared to the previous period, indicating a period of price equilibrium for residential apartments in this locality.
The micromarket rate in MR 11 has shown a consistent upward trajectory over the last few quarters. As of Jun 2026, the micromarket rate stands at ₹4,800 per sq ft, rising from ₹4,750 per sq ft in Mar 2026, ₹4,700 per sq ft in Dec 2025, and ₹4,600 per sq ft in Sep 2025. This steady quarter-over-quarter growth signals sustained demand and increasing investor confidence in the area.
As of Jun 2026, there is a significant price variance between property types in MR 11. Villas are currently priced at an average of ₹10,050 per sq ft, which has depreciated by 12.16% compared to the previous period. Meanwhile, apartments are priced at an average of ₹5,050 per sq ft, experiencing a marginal depreciation of 0.53% over the same timeframe.
As of Jun 2026, ready-to-move properties in MR 11 are available at an average price of ₹4,250 per sq ft. This segment has seen a depreciation of 8.36% compared to the previous period, which may present a more accessible entry point for end-users looking for immediate possession.
Property rates vary significantly across the neighbourhoods surrounding MR 11 as of Jun 2026. Scheme No 54 commands the highest rate among the listed areas at ₹10,950 per sq ft (with 0% change), followed by Vijay Nagar at ₹10,400 per sq ft, which has appreciated by 5.04%. Conversely, Talawali Chanda offers more affordable options at ₹4,850 per sq ft, though it has seen a depreciation of 4.99%.
As of Jun 2026, both Vijay Nagar and Nipania report an average rental rate of ₹50 per sq ft. Rental rates in Vijay Nagar have appreciated by 4.76% compared to the previous period, while Nipania has seen a stronger rental growth, appreciating by 8.33% over the same timeframe. These figures reflect the rental demand in these key localities near MR 11.
Investors evaluating rental potential near MR 11 should note the positive growth in rental rates across neighbouring hubs. With rental rates at ₹50 per sq ft in both Vijay Nagar and Nipania as of Jun 2026, the consistent appreciation—4.76% in Vijay Nagar and 8.33% in Nipania—suggests a healthy appetite for rental housing. While the overall rental yield for MR 11 is currently marked as NA, the steady rental growth in adjacent, well-connected localities serves as a useful benchmark for income-generating potential.
SDA Denmark City is a prominent project in MR 11, with a current listing rate of ₹4,250 per sq ft as of Jun 2026. This project has experienced a depreciation of 8.36% compared to the previous period, aligning with the broader price trends observed for ready-to-move residential units in the locality.
