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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