Apr 10, 2023Nagpur Real Estate

Benefits of Investing in Nagpur's Real Estate Market - Godrej Properties

by Godrej Properties Limited

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The fact that Nagpur is one of India's fastest-growing cities makes it a logical target for investment purposes. As a result, it has caught the eye of many developers who have realised that investing their money in this city will undoubtedly result in high profits in the coming years. Through the prestigious projects in Nagpur like MIHAN (The Multimodal International Hub Airport Nagpur), IT parks, multiplexes, and wonderful residential complexes, it is justifying its position as Maharashtra's second capital and is competing with metropolises on all fronts, ensuring to alter the city's landscape.

Reasons to invest in Nagpur Real Estate Market,

1. Superb connectivity

Excellent rail, road, and air connections connect Nagpur to the rest of the nation. The Nagpur Metro offers seamless connectivity throughout the entire city. Among the other connectivity highlights are the Nagpur-Mumbai Expressway and the International Airport. As a result, the Nagpur real estate market has greatly benefitted from these advancements.

2. Infrastructure development

Nagpur is positioned to become India's next major IT hub. In the vicinity of MIHAN, Infosys and TCS have already established campuses. Along with the establishment of non-polluting industries, MIHAN is planned to act as a cargo hub. This has significantly improved Nagpur's infrastructure.  The proposed Communication Super Expressway, Butibori Industrial Estate (linking Nagpur to Mumbai), and the plan to build prestigious universities like IIM and AIIMS will all have a big impact on Nagpur's infrastructural development. The city's professional population will grow as a result of these developments, raising housing demand. In Nagpur, development has been swift and effective.

3. Industrial hotbed of India

Nagpur is renowned for its mining sector and is home to numerous government-owned mining firms. Asia's largest industrial estate, the renowned Butibori Industrial Estate, is in Nagpur and is home to businesses like ACC Nihon Castings, Hyundai Unitech, Gammon India, and Rama Synthetics. More than 900 industrial facilities can be found in Nagpur's west, including those belonging to well-known brands like Vicco, Haldirams, Mahindra and Mahindra, and Ajanta Toothbrushes.

4. Better living conditions

With reasonably priced real estate, first-rate social infrastructure, excellent accessibility, a wide variety of real estate projects, and pleasant climate, Nagpur provides its residents with a standard of living that is unmatched. Additionally, it is said to be India's third greenest city.

5. One of the best Holiday destination

Nagpur is a well-liked holiday spot and is home to a number of well-known locations, including Seminary Hills, Sitabuldi Fort, Deekshbhoomi, Maharajbhaj Zoo, Ambazari Lake, Aadasa Temple, Shukrawari Lake, and Futala Lake. The city is also well-known for having numerous tiger reserves, including Pench National Park, Melghat Tiger Reserve, Tado-Andhari Tiger Reserve, and Bor Tiger Reserve. This guarantees a consistent flow of tourists and a consistent need for real estate.

6. Spectacular residential projects in Nagpur

Seeing all of this economic boom, a number of builders and developers have decided to construct projects in Nagpur. Godrej Properties is among these builders with a credible reputation, and they’ve launched Godrej Orchard Estate, Nagpur. Godrej Orchard, Nagpur offers commercial and residential plots, starting from INR 78 Lakhs. This exciting and affordable project from Godrej Properties, Besa Nagpur is located in a prime location to provide buyers with all the convenience and comfort they may need.

 

FAQs

1.Is real estate a good investment in Nagpur?

Ans:Judging by the current trends of infrastructure and economic development, it would be a good decision to invest in Nagpur.

2.Which area is best for investment in Nagpur?

Ans:Areas likeBesa,Dhantoli, Ramdaspeth and Dharampeth are best for investment in Nagpur, even though they might be relatively a little expensive.

3.Why is Nagpur the best for investment?

Ans:Due to the rising demand from growth of IT parks, employment centres and metro, Nagpur is a sought after option for investors and prospective homebuyers alike.

4.Which is the fastest developing area in Nagpur?

Ans:Situated on NH-7, Wardha Road is among the fastest developing residential areas in Nagpur.

5.Is Nagpur worth living in?

Ans:Yes, due to the factors mentioned in the article, Nagpur is a great place to live in.

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