Nagpur, the ‘Orange City’, ‘Tiger Capital of India’ and home of Haldirams is now known for more reasons than it used to. Recently, a survey conducted by a reputed Indian news agency declared it to be the most livable city in India, in terms of health care facilities, educational facilities and other amenities. Since its entry into the coveted list of the Government’s flagship Smart City project, the city has seen an explosion in development projects across sectors. Today it has a complete functional metro transport (even before Mumbai), reputed educational institutions, higher lifestyle quotient, bustling MIDCs and a growing IT sector.
Here are some key reasons that work in the favour of
properties in Nagpur:
Power Generation Hub
Nagpur is one of the important regions for power generation in Maharashtra. The industrial area in Butibori, one of the largest in Asia [1], houses two big thermal power stations, while a super thermal power plant is located 40 kilometres away from Nagpur in Mauda. Moreover, there are two more thermal power stations that operate within Nagpur city’s limits: Khaparkheda Thermal Power Station and Koradi Thermal Power Station.
Centre for Manufacturing Industries
Nagpur has more than 22,000 Micro, Small and Medium Enterprises (MSME) and is one of the fastest growing cities in Maharashtra. [2] And not just MSMEs but the MIDC is home to some of the largest national and multinational companies. Mahindra & Mahindra’s tractors vertical is one of the largest companies in Nagpur’s MIDC. Additionally, it is home to other companies like Candico, Bajaj Auto Group, Indo Rama Synthetics, KEC, Hyundai, Unitech, Sanvijay Group, Baidyanath, Vicco, Dinshaws and Ajanta Toothbrushes.
Since it has such a massive industrial sector, naturally, the demand for flats for sale in Nagpur is never going to drop.
Multimodal International Cargo Hub (MIHAN)
The MIHAN is the largest economic development project to ever happen to the region until today. It serves as a huge cargo & employment hub, comprising of the Dr. Babasaheb Ambedkar International Airport and a growing IT sector, providing indirect and direct employment to about 12 million people! [3]Owing to the growth of MIHAN, it’s not just Mumbai & Pune in Maharashtra that are home to the country’s IT giants. Companies like TCS, Infosys, Wipro Technologies, HCL Technologies and Tech Mahindra have functional campuses in the region today.
Owing to all of the above factors, not only the population of Nagpur has soared but the standard of living has improved too. That’s why investors are looking to invest in promising properties and reap good ROIs.
Bloomdale by
Mahindra Lifespaces is a 25-acre gated community situated in the prime region of MIHAN. It has spacious 2 BHK flats, 3 BHK flats, row houses & duplexes for sale in Nagpur.
References:
- Real Estate Nagpur Overview - Proptiger
- Indian Cities in Top 10 List of World’s Fastest Growing Cities - India Briefing
- Multi-modal International Cargo Hub and Airport at Nagpur - Wikipedia
