Maharashtra’s second capital, Nagpur off late has been in the news for the tremors being created by booming Real Estate.
The orange city as it is popularly known as for its oranges, has gone through a series of reforms and now has all that a modern city can offer in terms of roads, infrastructure, education, health facilities and is all set to lure NRIs and foreign investors to invest. With the announcement of the prestigious Rs 3,150-crore Multimodal International Hub Airport at Nagpur (MIHAN) in 2002-03, Real Estate prices have seen a steep upward curve. A number of locations around the proposed MIHAN project have seen high escalation in land and residential rates and one can also witness a multi-product Special Economic Zone (SEZ) adjacent, to be operational less than two years from now.
Many MNCs, big IT and Telecom companies are investing in Nagpur, which is easier due to quite some initiatives by the Govt, which gives the city one more advantage of giving people employment and itself becoming a major business hub next to Mumbai in Maharashtra.
This is a small report compiled by me to give investors an insight of teh booming Real Estate Mraket in the Tier II cities, specially Nagpur, which according to a recently published Knight Frank Report, is the second on the list of booming Real Estate Investment markets in India.Click here to download the report
In case you guys find this useful, please connect to me on my profile or leave your comments.
Contributed By : Prabal Dhingra
No comments:
Post a Comment