Nagpur is the third-largest city in Maharashtra and the winter capital of the state. Nagpur is the 13th most populous city in India, and Oxford Economics estimates it will be the fifth fastest-growing metropolitan area in the world from 2019 to 2035, with an average growth rate of 8.41%. It has been proposed as one of the “smart cities” of Maharashtra, and it is one of the top 10 cities in India for a smart city project.
Nagpur, famous for its Nagpur orange and an important trading center for oranges grown in the region, is also known as the Orange City. It also boasts a lot of greenery, which helps it rank high among cities when it comes to environmental protection. In addition to fruits and greens, infrastructure development is accelerating in Nagpur. A major development project in Nagpur is a multi-modal international cargo hub and airport. There are numerous benefits to investing in Nagpur.
Locations
Dharampeth, Hudkeshwar Road, Friends Colony, and MIHAN are good places to look for an apartment in Nagpur. These areas, in particular, are becoming one of the fastest-growing areas in Nagpur. Train stations, airports, supermarkets, hospitals, schools, colleges, and lifestyle centers are nearby. When it comes to choosing a location, a clean, beautiful area, well-planned municipal infrastructure, and nearby social facilities are just some of the most important factors to consider.
Make sure the area has future growth potential to get the most out of your investment. The investment value of the real estate increases dramatically as a result of this.
Connectivity
When it comes to choosing a location, a clean, beautiful area, well-planned municipal infrastructure, and nearby social facilities are just some of the most important factors to consider.
Make sure the area has future growth potential to get the most out of your investment. The investment value of the real estate increases dramatically as a result of this.
Hajira-Kolkata (NH 6) and Kanyakumari-Varanasi (NH 7) are two important national roads passing through the city. Nagpur is also at the junction of two Asian Highways, AH43 and AH46. The Nagpur-Aurangabad-Mumbai Expressway is a new state highway that significantly reduces the distance traveled by NH 3 and NH 6.
The state government has already approved the Nagpur metro project. Nagpur Metro Transport Co Ltd (NMTCL), a subsidiary of Nagpur Improvement Trust (NIT), will implement the project.
Nagpur Mahanagar Parivahan Ltd. (NMPL) is responsible for the city’s public transport. Its fleet has 470 low-floor StarBus buses, including 88 low-floor minibusses and 382 low-floor 50-seat StarBus buses.
Nagpur Infrastructure
Although Nagpur is a Tier II city, the city’s infrastructure is equivalent to that of several Tier I cities. Nagpur’s outstanding IT infrastructure and its convenient geographic location have made it one of the most popular IT hubs in the country. The city’s growth plans show a shift in focus towards ICT infrastructure development. As a result, there are many IT, ITES, and medical services opportunities.
According to some of India’s top experts, Nagpur leads the way in terms of investment prospects among well-known Tier 2 or 3 metropolitan centers such as Indore, Chandigarh, and Kolkata. As a result, long-term investors can invest in Nagpur to reap future capital gains.