- 6 March 2018
Nagpur is today rated as the next one of the best cities to live in, in Western India. Nagpur has witnessed significant advancement in infrastructure development and standards of living in the recent past. With a multitude of real estate projects available to address the growing demand for spacious and comfortable homes in well-planned communities, Nagpur is increasingly being acknowledged as a future-focused tier-2 city with strong growth potential. Nagpur was India’s first city to introduce a fleet of 200 electric vehicles, including taxis, buses, e-rickshaws, and autos.
If you have been thinking of moving cities or even investing in real estate, here’s why Nagpur should be on your list.
Nagpur is in the geographical centre-point of India and is well-connected to major cities across the country, both via road or rail. This gives the city a significant locational advantage.
– Rapid industrial development:
In addition to being one of the major trade centres of oranges in India, Nagpur is also well-known for its mining industry, and is home to an array of government-owned mining companies that are headquartered in the city. This has resulted in significant employment generation, which is slated to grow further. Nagpur is also in the limelight as a potential logistics and pharmaceuticals hub in India.
– Affordable property rates:
One might imagine that rapid infrastructure development and a growing demand for real estate would result in a sharp hike in property rates. However, property rates continue to be relatively affordable in Nagpur.
– Educational hub:
The presence of multiple, respected universities has earned Nagpur its reputation as an important educational hub. Nagpur is home to three state universities – Rashtrasant Tukadoji Maharaj Nagpur University, Maharashtra Animal and Fishery Sciences University and Kavikulaguru Kalidas Sanskrit University.
The city is witnessing a steady rise in the number of engineering and medical colleges and offers students a cheaper cost of living, and varied options in hostel accommodation. The city also houses many hospitals and healthcare centres.
Taking into account all of the growth indicators above, Nagpur certainly looks like a lucrative and promising city to reside, or invest in.