Why Invest In Nagpur
This is just the starting of
what could be the well planned Mega city of tomorrow.
The tremendous support of the Goverment, commitment from the
political leadership of the Vidarbha & state towards
fulfillment of MIHAN project, extremely encouraging response
from the Indian & Global corporate houses towards
investments in Nagpur has been an eye opener for many real
estate developing companies. Many national level developers
like DLF, Sahara, Eros Group, K. Rahejas & many more reputed
builders have shown interest and purchased lands for
Why there is so much of work being done in Nagpur?
I would like you to see the "progress
Things are happening with more than anticipated speed.
Following are the strategic
advantages of being in Nagpur & near MIHAN:
MIHAN has a strategic
location, as its at the geometrical center of the
country and is easily accessible by road and rail.
Hub Airport integrated with Rail and Road terminal will
give an excellent Multi-modal transport system and save
huge logistic cost.
Availability of free hold
land at reasonable rates. Project offers good returns on
Availability of world-class
infrastructure at economical rates will enhance
In-House captive Power
Plants will ensure uninterrupted and quality power
supply through well-planned distribution network.
Adequate quantity of water
Easy availability of raw
materials from vast catchments area.
Availability of qualified
and skilled manpower at economic wages.
Inherent benefit of low cost
of living compared to other cosmopolitan cities.
Real estate in Nagpur has fared
positively on all three counts. For the last two or three
years, Nagpur has seen an unprecedented demand for land,
spurred by the arrival of IT and ITES companies,
commissioning of SEZ, and developments at MIHAN. The growth
of the IT industry has not only increased demand for both
office spaces for the companies and residences for their
employees , but has also catalyzed the growth of the retail
space segment. Demand for land has clearly far outstripped
the supply, thus pushing up land values in pockets earmarked
as the IT corridor and the nearest developed areas. Besides,
with plans for the International Airport , Fab City, Outer
Ring Road and New Nagpur all gradually taking concrete
shape, the perception that Nagpur is a happening place is
gaining currency nationwide, among multinational companies
as well as developers. As a natural corollary, land values
in areas close to these are which figure high in plans for
New Nagpur have seen a sharp rise in prices.