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.
