Hot Areas for Property Investment in Nagpur, Maharashtra..!



 Thanks to the Multi-modal International Cargo Hub and Airport (MIHAN), a SEZ (special economic zone), Nagpur has been identified as a promising city for the IT & BPO.

Recently, Mahindra Satyam commenced construction work on its IT development centre at MIHAN.

First City is the first residential township of MIHAN, selling at about Rs. 3,500 a square feet now from Rs. 2,600 a square feet a year ago.

According to property consultants, developers will cash in on this opportunity soon, with a sizeable working population shifting to MIHAN & given the fact that this is the only township available in the area.

One can also consider buying residential properties at Hingna & Wardha Road, within 5 km of MIHAN. Today, a 2 BHK (two bedrooms, one hall, one kitchen) flat in Hingna commands a rent of Rs. 6,200 a month. By next year, it is expected to go up to Rs. 8,000.

A 2,000 square feet bungalow in H B Town near MIHAN can set you back by Rs. 1.20 crore, as against Rs. 1.10 crore a year ago.

Src: BS
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