Mhow is an important locality in Indore and is also known as Dr Ambedkar Nagar. The area lies around 23 kilometres away from Indore city and is situated right off the Agra-Mumbai Road. The demand for property in Mhow has gone up considerably on account of connectivity to all important destinations in the southern parts of Indore. The Mhow real estate market is witnessing huge growth courtesy developers like Vastuland, Kalindi Constructions, Jiyo and Royal Colonizers. The Mhow property market usually witnesses the availability of 2, 3, 4 and 5 BHK housing units for buyers. Average property prices range between Rs 350 and 2, 870 per sq. ft. in the locality.

The area is home to several reputed educational institutions including the Global Technical School, Makhanlal Chaturvedi University Study Centre, Brainiac Education Society and Vital Education Society. The locality is also home to Malwahaat Pvt Ltd and Sai Computers and Cyber Café. There are several reputed banks present in the area including the Syndicate Bank, State Bank of India, Bank of Maharashtra, Canara Bank, Bank of Baroda, Corporation Bank, Central Bank of India, Punjab National Bank, Bank of India, Axis Bank and IDBI Bank among others.

There are several attractions in the area including the Mehndi Kund waterfall, Patal Pani waterfall, Berchha Dam, Choral Dam, Jaam Gate, Nakheri Dam and the Raj Mahal. There are three well known training institutions of the Indian Army that are present here including the Infantry School, Army War College and the Military College of Telecommunication Engineering. The Army Training Command had its inception in this locality and was eventually shifted to Shimla. The area is also home to what was originally called the British Military Hospital.