In a recent survey conducted by ASSOCHAM, Nagpur emerged as one of the top investment destinations in India’s current real estate scenario. The Orange city—named after its famous harvest of oranges—is equipped with excellent connectivity, top industries, and employment opportunities, social infrastructure, tourist attractions, and many other coveted features.
One of the reasons that have led to the popularity of Tier 2 cities as investment destinations, especially in Maharashtra, is the saturation of the markets in Mumbai and Pune. With bustling economic activity, Nagpur serves as the perfect option for homebuyers and investors. A city-wise study report by Makaan.com indicates that approximately 93 localities in Nagpur are showing an upward price trend. Such cities are attracting young investors because of their affordability—enabling one to buy property in Nagpur early on in their career—and earn promising returns through rentals and sale.
Here are some compelling reasons to buy a home in Nagpur:
1. Excellent connectivity: Nagpur shares excellent connectivity across the country via road, rail and air. The Nagpur Metro work is in progress which will be providing seamless connectivity across the city. The International Airport and the Nagpur-Mumbai Expressway are some of the other connectivity highlights.
2. Industrial hub: Nagpur is known for its mining industry, with many government-owned mining companies headquartered here. The famous Butibori Industrial Estate, which is the biggest industrial estate in Asia, located in the outskirts of Nagpur, and houses companies like Gammon India, Hyundai Unitech, Rama Synthetics, ACC Nihon Castings etc. The west of Nagpur has more than 900 industrial units, including major companies like Haldirams, Vicco, Ajanta Toothbrushes, and Mahindra and Mahindra.
3. Social infrastructure: Nagpur is equipped with sound social infrastructure that includes schools, hospitals, and healthcare facilities, shopping malls and retail outlets. The city has shaped itself into an education hub, with top-quality educational institutes located here. There are already more than 13 medical colleges and 27 engineering colleges, and Indian Institute of Management (IIM) and All India Institute of Medical Services (AIIMS) are opening up their branches here.
4. Tourist attractions: A popular tourist destination, Nagpur is dotted with famous sites like Sitabuldi Fort, Seminary Hills, Deeksha Bhoomi, Maharajbhaj Zoo, Aadasa Temple, Ambazari Lake, Shukrawari Lake, and Futala Lake. The city is also known for its many tiger sanctuaries-- Bor Tiger Reserve, Pench National Park, Melghat Tiger Reserve, and Tado-Andhari Tiger Reserve.
5. Quality of life: With affordable property prices, sound social infrastructure, excellent connectivity, a wide range of real estate projects and pleasant weather, Nagpur offers its residents an unparalleled quality of life. It is also the third greenest city in India.
The popularity of MIHAN (Multi-modal International Cargo Hub and Airport of Nagpur) as an investment destination is rising steadily. Centrally located vis-à-vis all major metropolitan cities in India, MIHAN is home to Nagpur’s International Airport (and Cargo Hub for India) and a Special Economic Zone (SEZ) with leading corporates from India.
Looking to invest in a flat in Nagpur? Explore
2 & 3 BHK flats at Mahindra Bloomdale, MIHAN, Nagpur, a premium residential project by Mahindra Lifespaces.
