Nagpur Real Estate: Current is the Best Time to Make a Purchase

It's a blooming time for Nagpur real estate industry!

With so many developments already were in pipeline, property development in the city started getting dramatical pace when it welcomed the most-awaited SEZ. The Multi-modal International Cargo Hub & Airport at Nagpur (MIHAN), the biggest development that the city is witnessing, has started showing its good effects on the real estate development, these days. This huge project is giving boost to the property rates and a sigh of bliss to industrial, commercial as well as residential real estate property Nagpur has.

The industry experts have stated that with MIHAN showing its major contribution coupled with the NRI investments in escalating property rates, in 2006, around 8 years back real estate in the city witnessed 500 per cent of increase. MIHAN is rocking the Nagpur real estate market since then!!!

This shows that Nagpur real estate is sure to see robust growth in coming years. And will make the city have increasing number of townships, hotels, malls, plazas and whatnot, offering an entire new dimension to city real estate world. Since, MIHAN attracts a number of major companies and big banner corporations to make fatty investments in and around the city.

Apart from MIHAN, there are bulk of other industries, which Nagpur is witnessing a swift development in since past several years. As no need to mention that it has become the major hub for administrative, enterprise, educational and institutional centres of Central India.

You should go with the facts rather than just information. Here is a statement published in a report by a global consulting firm to have confirmation on above mentioned info, According to a report, India - The Next IT Offshoring Locations. Tier III Cities, brought out during a research on World Winning Cities by the firm, 'Jones Lang Lasalle', Nagpur along with other Tier III cities in India like Chandigarh, Ahmedabad, Kolkata, Indore is best meeting the fundamentals that IT companies look for. Hence, Nagpur is set to become hub for various offshore activities by IT companies.

So, if it is Nagpur in your list of options to buy a property in nagpur at, just don't waste time to think further. Current is the best time to make a property deal in the city as this fast paced property development is increasing its rates too rapidly. Hence, letting go an extra time on this could make you spend an extra money. On the other hand, lot many comprehensive options that are emerging in the southern, north-eastern and north-western ends of the city are getting purchased so quickly.

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Major Real Estate Players Consider Nagpur as Prime Real Estate Destination after Metros

When we are not much aware of or when we are not sure about a thing or scenario, we prefer going with what experts say. Hence when it comes to buying a property, considering what the industry experts say is prudent. Nagpur is developing fast and has great demand for quality residential, commercial and industrial real estate, is the statement made by Mr. Pirojsha Godrej, managing director and chief executive of Godrej Properties. Godrej Properties is the major real estate company contributing opulently in property development in Nagpur and is widely acknowledged for offering the best real estate development in the city. Mr. Godrej further adds that company’s property services are aimed to provide most lucrative deals to the prospective clients considering their property requirements, budgetary constraints and present property market scenario. We are also widely acknowledged for providing the best real estate development in Nagpur.

Along with Godrej Properties, other prominent realtors of the country including, Tata Realty, HIDC Ltd, Mahindra Lifespaces are launching luxury flats in Nagpur and around. Also, there are host of other real estate builders in Nagpur who are making their contribution towards developing the city real estate as the most lucrative property option. Many of these are coming up with low-density projects having residential properties suitable for every budget and lifestyle preferences.

The real estate statistics report that the city currently offers a cost advantage of about 15 percent over Kolkata that provides a 10 percent cost advantage over Pune. And in terms of facility cost, the city along with Ahmedabad provides a 25 to 30 percent cost advantage over Kolkata and Delhi.

So, just don’t think anything else than the best regarding Nagpur real estate!!

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Real Estate in Nagpur Expanding like Never Expected Before

Napgur, the city of Oranges!

Right???

Yes, of course!!!

No need to mention this specifically. The phrase ‘City of Oranges’ has become a synonym to ‘Nagpur’ - either you call it Nagpur or the city of Oranges.

However along with this identity given long back, Nagpur is becoming much more than just the city growing heaps of Oranges. With the sectors like IT, ITes, BPO, finance, education, and aviation giving preference to the city and spreading their wings in so fast, Nagpur is thriving to soon become a global city. And the expansion of these sectors is resulting into the fast pace development of real estate in this region.

With the city catching up fast on the real estate development, a number of real estate developers Nagpur has in commercial, industrial and residential developments have already started pulling their socks up. The construction and property buying activities are pulsating since past few years like never before.

In all this sizable growth of property market amid the number of small and big-banner investors, NRI investors too are making notable contribution. Statistics report to have around 25 per cent of property bookings from overseas buyers. Along with the bookings that industrial and commercial real estate developers in Nagpur have, residential real estate developers too have a number of property buying requests from NRIs.

With not only corporate campuses or towers and 5-star hotels, but also small hotels, shopping malls, multiplexes, luxury apartments and integrated townships development, real estate in Nagpur is booming as one of the major employment sectors. Reports say that it has given employment to around a lakh people, in just last couple of years.

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Get Good Return on Real Estate Investment in Nagpur

The need for property in India is growing day by day. Indians, NRI and people from outside India are in a search for good property at prime location in a developed city. Nagpur is the one of the developed city in India & most importantly it is the center place of the country.

Nagpur also known as the Orange city or Capital Tiger of India is well connected with all metro cities that makes transportation fast within the country because of it's central location. Therefore investing on properties in Nagpur is the best way for good profit return. Nagpur having a huge projects like MIDC, MIHAN, IT Parks. Besides real estate there is huge development in Education, service industry, healthcare, transportation, IT & ITES services in Nagpur. Due to this vast potential of city, many people are investing in independent bungalowsin Nagpur, Row houses in Nagpur, Luxury houses to live peacefully looking forward to permanent shift in Nagpur. People have many options for buying an apartments, 2, 3 BHK flats, 4 BHK flats in Nagpur.

Below are some developed & ongoing residential projects in Nagpur that made people's decision right after investing in it.

1)Shanti Heights – Besa, Nagpur

2)Shanti Park – Besa, Nagpur

3)Gokul Park – Manish Nagar, Nagpur

4)Harihar Nagar – Besa, Nagpur

5)Harihar Nagar – Wardha Road, Nagpur

Harihar Infrastructure Development Corporation(HIDC) Ltd. (Formerly Harihar Housing Agency) is an ISO 9001:2008 certified real estate Company established in 1993 and based at Nagpur, India. The Company is managed by professionals in with decades of experience in the real estate industry. We have over 1000 satisfied customers. The Company has developed several real estate properties comprising over a million square feet, in and around Nagpur including bungalows, apartments, commercial space and townships. Easy housing loans are available to customers on all our projects. Below are a few of our successful projects.

1. Harihar Nagar, Wardha Road (25 acres)
2. Harihar Nagar, Besa, Nagpur (10 acres)
3. Shanti Park, Besa, Nagpur (3.5 acres)
4. Shanti Heights, Besa, Nagpur (64 flats)
5. Shree Ganesh Apartments (9 flats)
6. Shree Hari Apartments, Gokulpeth, Nagpur (9 acres)
7. Gokul Park, Somalwada, Nagpur (135 flats)

We are soon coming up with Harihar Nagar, Zari, a 25 acres township project near the new VCA stadium at the outskirts of Nagpur.