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Indore
Old Palasia maintains a stable position in the Indore real estate market, offering a balanced mix of residential and high-growth commercial opportunities. Recent trends indicate a shift in property values, with current asking prices settling at ₹5,700 per sq ft, while established projects like Apollo Enclave continue to draw premium interest at ₹7,250 per sq ft. The commercial rental market is particularly vibrant, as office spaces see a notable year-on-year increase of 9.72%. Investors are increasingly focused on these commercial yields, alongside a steady supply of ready-to-move residential units.
The current average asking price in Old Palasia is ₹5,700 per sq ft as of June 2026. This rate has remained stable, showing a change percentage of 0% compared to the previous reporting period, suggesting a period of price consolidation in this residential market.
Property prices in Old Palasia have shown a fluctuating trajectory over the last year. According to the micromarket rate data, prices moved from ₹6,050 per sq ft in September 2025 to ₹5,650 per sq ft in December 2025, followed by a dip to ₹5,350 per sq ft in March 2026, before recovering to ₹5,850 per sq ft as of June 2026.
Old Palasia serves as a mid-range premium locality when compared to its neighbours. As of June 2026, Manorama Ganj commands a higher average asking price of ₹8,150 per sq ft, having appreciated by 3.62% recently, while Kanadia Road offers a more accessible entry point at ₹4,550 per sq ft, which has appreciated by 4.82%.
Ready To Move properties in Old Palasia currently command a premium, with an average asking price of ₹7,250 per sq ft as of June 2026. This rate has remained stable with a 0% change, reflecting the value buyers place on immediate possession compared to the broader apartment market average of ₹5,700 per sq ft.
Apartment prices in Old Palasia are currently averaging ₹5,700 per sq ft as of June 2026. This segment has experienced a depreciation of 5.07% over the observed period, which may indicate a market correction or a shift in the inventory mix available for sale.
Apollo Enclave stands out as a key project in Old Palasia, with a current listing rate of ₹7,250 per sq ft as of June 2026. The pricing for this project has remained stable with a 0% change, positioning it as a premium option within the local residential landscape.
Office spaces in Old Palasia are currently commanding an average rental rate of ₹100 per sq ft as of June 2026. This rental market has shown strong growth, appreciating by 9.72% over the recent period, which suggests increasing demand for commercial workspace in this locality.
While Old Palasia focuses on higher-value commercial leasing, nearby LIG Colony offers residential rental options at an average rate of ₹50 per sq ft as of June 2026. Rental rates in LIG Colony have remained stable with a 0% change, providing a clear contrast to the commercial rental growth seen in the Old Palasia micromarket.
Investors should view Old Palasia as a stable residential market with specific premium pockets. With an average asking price of ₹5,700 per sq ft as of June 2026 and stable trends in the Ready To Move segment, the area is suited for those prioritizing established infrastructure over rapid capital appreciation. Monitoring the recovery in micromarket rates from ₹5,350 per sq ft in March 2026 to ₹5,850 per sq ft in June 2026 is essential for timing entry points.
