Nagpur is known as the heart of India, and being centrally located has certainly helped it to achieve some considerable success in becoming a growing investment hub for residential as well as commercial ventures by investors from across the spectrum.
Nagpur is fast becoming the top choice of investors for putting in capital into the city’s commercial and residential infrastructure. Being rated as the top city, in a recently conducted survey, in terms of general quality of life, health services, greenery and public transportation has helped it make a niche in the market formerly dominated by the metropolitan cities.
These are some of the reasons why Nagpur is being chosen as the top choice for real estate investments:Connectivity
Nagpur is located in the geographical center of the Indian sub-continent and enjoys ideal connectivity with all the major cities of the country. Nagpur has excellent railway connectivity with Delhi, Chennai, Mumbai and Kolkata as well as other big cities in all four corners of India.
The roadways system of India connects Nagpur with all four corners of the country efficiently with major national highways and state highways connecting it with Jammu and Kashmir in the north, Kanyakumari in the south, West Bengal in the east and Mumbai in the west.
The airways in Nagpur connect the city to major national destinations such as Delhi, Kolkata, Mumbai, Bangalore, Pune, etc along with international destinations such as Singapore, Frankfurt and the Middle East countries with regular flights from the airport.Industry
The growing industrial infrastructure has helped the real estate in Nagpur to boom. The property prices of Nagpur have increased greatly recently in accordance to the MIHAN project being launched near the airport and the accompanying SEZ attached to it.
The existing commercial estate of Hingna MIDC and Butibori MIDC (the biggest industrial complex in Asia) has considerably increased the demand for built-up properties in Nagpur, for commercial as well as residential purposes.Metro
Just like the metropolitan cities, the growing infrastructure of Nagpur has increased the demand for another public transport system apart from the efficient public buses already in place. The Nagpur Municipal Corporation (NMC) and the Nagpur Improvement Trust (NIT) have collaborated with various international companies to realize dream for an ideal metro rail system in the city to serve its increasing population in a better way.Education
Nagpur is slowly, but steadily, getting recognized as the ideal educational hub and surpassing other cities, such as Pune, Mumbai and Delhi in attracting lacs of students from all corners of the country for advanced studies in technical (engineering) and the medical fields.
Besides the existing multitude of engineering colleges and the government medical college in Nagpur, the city administration is also planning on opening up branches of Indian Institute of Management (IIM) and an All India Institute of Medical Sciences (AIIMS) as well for adding to the educational infrastructure of the city.
These are just some of the main points of advantages that indicate towards Nagpur’s potential as the top city for real estate investments in the near future. The property market in Nagpur is a dynamic one and the increased demand for improving the industrial as well as the residential infrastructure of the city calls for some heavy investments from smart investors and efficiently reliable builders.