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Home » Property by City » Nagpur

Nagpur

India Real Estate AgencyNagpur is the second capital of Maharashtra famous for export quality that are produced here. Therefore, it is popularly known as the "Orange capital of India". It is the largest city Central India and the third largest city in the Indian state of Maharashtra after Mumbai and Pune. The year 2002 marked the completion of Nagpur's 300 years of establishment. On a global scale, Nagpur is estimated to be the 114th largest city in the world. All these figures reflect the reason being growing demand of real estate.

Nagpur is the nation's 13th largest urban conglomeration as per 2001 Census. The development in the city is taking place at an unprecedented pace. The city is well poised to rub shoulders with the metro cities. Being centrally located in Maharashtra, Nagpur is well connected to cities within the state and to other states. This is an ideal place for young professionals to establish a career and buy properties as the prices will soon be unaffordable.


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Property Trends

India Real Estate AgencyNagpur has the advantage of being centrally located and the regions like Jabalpur, Raipur, Bilapur, Amravati, etc, offer a strong economic and infrastructural support, fall within 150 km of the city. This makes available manpower that is around 15 percent cheaper when compared to metros like Bangalore or Mumbai or Delhi.

As far as people working in Nagpur is concerned, people have to find accommodation facilities in the city itself. Hence, demand for real estate is increasing with the development of the city. Nagpur is witnessing an economic boom in recent times. There was an investment of Rs. 5,000 crore in 2004.

The Inland Container Depot at Nagpur run by Container Corporation of India (CONCOR) is the fastest growing inland port in the country. India's first ever Multi-modal International Cargo Hub (MIHAN) has been completed near Nagpur airport in 2006. This is a blessing to the city and expected to contribute significantly to the development of the city. The addition of this infrastructure will further encourage people to buy property in the city.



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