Residential Property in ‘Orange City'
Nagpur, the largest city in Central India, is an important commercial and political center of the state of Maharashtra
. This city has the 3rd largest population in the state and is the 13th largest conglomeration in the country. Property in Nagpur is in high demand with investors and buyers from across India eyeing the booming realty market of the city. Moreover, leading private developers are coming up with their mega projects in both residential and commercial segments.
Nagpur real estate is developing at such a rapid pace that it has transformed from a small town to the city full of luxurious living and working spaces. From apartments to condominiums, from commercial complexes to office spaces and from swanky showrooms to malls & multiplexes, real estate in Nagpur has it all today. Along with the boost in construction sector, considerable improvements are being carried out in the city's infrastructure and healthcare facilities. It is witnessing a major spurt in development activities and so, stepping up the preference ladder as a realty destination. The segments across the entire spectrum are growing swiftly exposing the vast potential of this city of Maharashtra.
Not only are buyers and investors showing interest, even developers are coming forward to construct
property in Nagpur. The honchos in private realty like Hindustan Builders, Nikunj Builders (P) Ltd, Roshni Developers and others have launched various property projects in the city. After Mumbai and Pune, Nagpur realty is the most sought after in Maharashtra owing to the huge demand for property in the region. It boasts of the largest industrial area in the entire continent in terms of area known as Butibori. It houses the industrial units of some of the top companies such as Mahindra and Mahindra, Bajaj Auto Group, Ajanta, Vicco, Haldirams along with numerous others. Thus, commercial property in Nagpur is experiencing a surge as the need keeps increasing with so many companies operating in the city. Besides the industrial units, there are many software firms opening up while more and more technology giants like Infosys, Wipro, etc. considering the same.
Emerging as a BPO hub by following in the footsteps of Pune, Nagpur is an ideal property destination. The easy availability of skilled manpower, affordable land, good connectivity to other important cities, congestion free infrastructure, etc. are among the major factors helping in growth of Nagpur property market. And as well known countrywide, housing segment is usually bolstered by the boost in commercial property sector. With such mammoth industrial units set up in the city, it is natural that housing needs will amplify manifold. Therefore, large scale construction of residential property in Nagpur is going on so as to support the economical growth of the city by catering to the accommodation requirements of the professionals. As a result, the expansion of housing sector comes across as an urgent want owing to the growing inadequacy everyday. Various kinds of residential units like complexes, flats, villas, independent houses, townships,
apartments in Nagpur etc. are constructed across the city.
Nagpur residential property can be seen flourishing particularly in the north-west, north-east and southern peripheries of the city. The popular areas include Civil Lines, Dhantoli, Ramdaspeth, Dharam Peth, Shankar Nagar, Vardhaman Nagar, Pratap Nagar, Surendra Nagar so on and so forth. Owing to the creation of higher number of jobs and the subsequent need to provide dwelling spaces to the migrants, housing in Nagpur is thriving. It comes across as a perfect investment destination as it assures high returns in few years from now. So, it is a good option for those looking for investing money in Maharashtra to look into Nagpur property.
Residential Property in Orange City'
By: Deepika Bansal
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