Nagpur is the third biggest city in the state of Maharashtra and is approximately 900 kilometers from the capital city Mumbai. Many studies have shown that Nagpur is one of the best cities to live in India taking factors such as transport, quality of life, health care and employment opportunities.
Here below are things that make Nagpur a good place for property investments.
Nagpur is well-connected to the rest of the country by roads, rail, and air.
- Airport: The Dr.B.R.Ambedkar airport in Nagpur was commissioned during the First World War and now has an international airport connecting to major countries like Saudi Arabia, Singapore, and UAE, etc. The airport is on its way to being expanded into a multi-modal international cargo hub. This airport will also have a special economic zone that will spread across a wide area of land.
- Road: Nagpur is a major junction for roadways with two major national highways (NH 7 and NH 6). The NH 7 road is between Kanyakumari and Varanasi and the NH 6 is between Hajira and Kolkata. Both these national highways pass through the city. The NH 47 connects Nagpur to Bhopal. The Maharashtra State Road Transport Corporation also provides various buses that connect to every part of the city.
- Railways: The Nagpur railway station is one of the oldest and busiest stations in the country and has a total of 242 trains to various destinations across India. Of these 242 trains, 65 are daily trains and 26 terminate and originate at Nagpur.
- Nagpur Metro: The state government has proposed a Metro project in Nagpur with 36 stations connecting the entire city. The metro is expected to reduce traffic jams and further boost economic development in the city. The Nagpur metro is set to be complete by March 2018.
The real estate price has greatly benefited from the industrial activity happening in and around the city. The mining industry is extremely popular with government-owned mining companies. The famous Butibori Industrial estate in Nagpur is the largest industrial estate in Asia with companies like Hyundai, Gammon, and ACC, etc. Prominent companies like Haldirams, Ajanta and Mahindra are based out of Nagpur. The high profiled industrial sector has also been able to provide several employment opportunities.
Nagpur is the home to some premier institutions. With over 13 medical colleges and 27 engineering colleges, Nagpur has attracted several students across the country to pursue their higher education here. With IIM and AIIMS opening branches here, Nagpur will be receiving a boost to their education sector.
Nagpur has a rich tourism sector and has successfully attracted several tourists across the world. Sitabuldi Fort, Seminary hills, Deekshbhoomi, Maharajbhaj Zoo, Aadasa temple, VCA Stadium, etc. are some popular tourist destinations within the city. Nagpur is also famous for its lakes and wildlife tourism. The Ambazari Lake and Futala Lake are some of the more popular ones. Nagpur is also surrounded by wildlife reserves such as Pench National Park, Bor Tiger Reserve, and Tadoba-Andhari Tiger Reserve.
Real Estate Negotiation Expert (RENE)