Indore
The property market in Scheme No 71 presents a specialized landscape focusing primarily on villa developments. While the area maintains a steady price point for residential villas, it benefits significantly from its proximity to the bustling Vijay Nagar corridor. The commercial sector in the immediate vicinity shows strong momentum, with office space rentals in Vijay Nagar rising by 4.76% to reach ₹50 per sq ft. Investors are increasingly looking at this region due to its strategic location and potential for long-term value appreciation.
As of March 2026, the average asking price in Scheme No 71 stood at ₹5,400 per sq ft. This reflects a recovery in market valuation, following a dip to ₹4,850 per sq ft in December 2025 from the ₹5,100 per sq ft recorded in September 2025. These fluctuations indicate a dynamic market where pricing has shown sensitivity to recent demand cycles.
Property rates in Scheme No 71 are significantly more accessible than in the neighbouring Vijay Nagar. As of June 2026, the average asking price for office space in Vijay Nagar is ₹10,750 per sq ft, which has appreciated by 3.82% compared to previous periods. While Scheme No 71 offers a more entry-level price point, Vijay Nagar serves as a premium commercial hub, commanding higher valuations due to its established infrastructure.
As of June 2026, the average asking price for a villa in Scheme No 71 is ₹8,000 per sq ft. This rate has remained stable with a change percentage of 0% over the observed period, suggesting that villa pricing in the locality is currently holding steady without significant inflationary or deflationary pressure.
Rental rates in the nearby Vijay Nagar area are currently averaging ₹50 per sq ft as of June 2026. This figure represents an appreciation of 4.76% compared to the previous period, signaling a growing demand for rental properties in this corridor. Tenants and investors looking at the broader Scheme No 71 and Vijay Nagar region should note this upward trend in rental values as a sign of a strengthening leasing market.
