INDORE: The sale of office spaces in the upcoming IT Park-3 and IT Park-4 in Indore is set to commence in 2026. This initiative is part of the Madhya Pradesh Industrial Development Corporation’s (MPIDC) effort to enhance technology infrastructure, catering to the rising demands from IT and service sectors.
IT Park-3, with an investment of approximately Rs 530 crore, will cover nearly 11 lakh sq ft. It is designed as a plug-and-play facility with high-speed digital connectivity and a walk-to-work model, targeting industries in fintech, artificial intelligence, data analytics, and IT-enabled services.
MPIDC’s Indore region executive director, Himanshu Prajapati, stated that the demand for organized IT spaces is growing. “We are witnessing significant interest from companies both within the state and beyond. These projects aim to facilitate scalable growth, expedited onboarding of firms, and long-term job creation,” he remarked.
Officials mentioned that IT Park-3 is expected to be completed within this year, after which office units will be available for purchase. Once operational, the park is anticipated to attract investments of up to Rs 5000 crore and generate approximately 15,000 job opportunities.
Additionally, MPIDC officials indicated that several companies from other states have already expressed interest in acquiring space in the new IT parks, highlighting an increasing interstate demand for Indore’s IT infrastructure.
Meanwhile, IT Park-4 is being developed with an investment of around Rs 47 crore, and its office spaces are also expected to be available for sale in 2026. This project is projected to have an investment potential of about Rs 600 crore and is forecasted to generate around 1,500 jobs.
Atul Trivedi, an IT professional at a mid-sized software firm in Indore, remarked that while the expansion is timely, challenges remain. “Indore retains strong talent and offers lower operating costs than metropolitan areas, but companies often seek greater client exposure, specialized talent, and faster ecosystem maturity. Additional IT parks will help, but improving skills and connectivity is equally crucial,” he noted.
Industry experts pointed out that the rising demand for structured office spaces reflects Indore’s gradual evolution into a technology and service hub in central India, driven by infrastructure growth and job creation.
