Popularly known as Orange City, Nagpur is one of the fastest growing metro city in India. From lush greenery to excellent transportation system, the city has lots to offer. Owing to its strategic location, the city ensures multiple benefits to real estate property investors. A peaceful life and coveted addresses have made Nagpur a hub for premium housing segment. The winter capital of Maharashtra offers a stunning combination of avant-garde luxury and pristine nature. Here are five important reasons if you are planning to buy a luxury apartment in Nagpur.
- Picturesque Locations
Apart from state-of-the-art amenities, the location of your luxury home certainly makes a difference. Breath-taking views and relaxing scenery are some of the factors that drive many people to Nagpur in search of a peaceful yet opulent lifestyle. There are several residential projects with 3 BHK luxury apartments in Nagpur.
Nagpur has an efficient transportation system and is well connected to the major cities in India. Its public transport infrastructure will also include the upcoming metro railway project. The project is expected to reduce traffic congestion on road by providing an affordable yet fast mode of transport. The planned metro will cover two routes – first route will connect MIHAN, Kamptee and Automotive Square, while the second route will connect Hingna, Prajapati Nagar and Lokmanya Nagar. According to real estate experts, the improved connectivity will have a positive impact on Nagpur’s real estate market. The property value for commercial and residential units will witness a significant increase.
- Commercial & Industrial Hub
Known for its mining industry, Nagpur is home to various mining companies owned by the Indian government. Butibori Industrial Estate, the biggest industrial estate in Asia, is also located in Nagpur. Some of the biggest names in the industries, such as Mahindra and Mahindra, Hyundai, ACC and Vicco, have their footprint in the city of Nagpur.
Nagpur features excellent educational facilities including some of the top institutes in the state of Maharashtra, including VNIT (Visvesvaraya National Institute of Technology) and IGGMCH (Indira Gandhi Government Medical College & Hospital). The city has over 13 medical institutes and 27 engineering colleges.
- Future Scope
International projects like MIHAN (Multi-nodal International Cargo Hub and Airport at Nagpur) and London Street are expected to boost the economic development of Nagpur. The MIHAN project also includes a Special Economic Zone (SEZ) that will have an adjacent residential zone with various facilities.
All the above reasons make Nagpur a paradise for property investors. In recent years, the city has witnessed an exponential growth in real estate sector. The international projects like MIHAN will result in a significant increase in property rates. From a resale point of view to rental benefits, Nagpur is truly a place to invest.