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Untapped potential, BhopalKnight Frank India Research
Tuesday, January 29, 2008 
ABOUT BhopalThis city is the district administrative headquarter of the state. The growth pattern in Bhopal has largely been determined by the vast expanse of the Kamla Lake which has restricted the westward growth of the city. Where's the development happening? In the recent years, the real estate market in Bhopal has seen a stable growth. Bhopal is also inviting considerable interest from organised retailers and multiplex players. Already Reliance Retail has a number of outlets in the old city and in locations such as JK Road and Ayodhya Nagar. Other retailers like Big Bazaar are also scheduled to enter the Bhopal market and have booked space in upcoming malls. At present hectic residential development is being undertaken in i. The eastern locations of JK Road ii. Ayodhya Nagar and Raisen Road iii. The southern peripheral locations of Kolar Road iv. E-8 Extension and Hoshangabad Road v. Siddhartha Lake City at Raisen Road and Minal Residency II at JK Road by Raj Homes are two important projects in the eastern region. vi. Some of the notable developments at Hoshangabad Road include Paras Hermitage, the first apartment project in Bhopal by Paras Builders and Hitech City by Shubhalay Villa. vii. Further south, large scale projects like Aakriti Eco-city, spread over 40 acres, and Mahendra Green Woods are some of the noteworthy projects on E-8 Extension. The ease of transportation and the proximity to the CBD as well as the Habibganj railway station are the major factors responsible for the southward growth of the city. Aditya Avenue by the Dainik Bhaskar Group is one of the prime row house projects in the vicinity of the airport. At present, land value along the Airport Road has increased manifold and several out-of-state developers have secured large land parcels there. Photogaph courtesy: Knight Frank India Research (The content of this research report has been repurposed to suit the needs of this site)  1
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