Why Buying Flats In Nagpur Can Be Good Investment
The Orange city of India has recently been much under the spotlight of savvy real estate investors
. This attention is well-earned as can be seen with more and more people; businesses, builders and developers are flocking towards this Tier II city in Maharashtra. From an investor perspective, the city has much to offer, considering which, both the commercial and residential rates are bound to rise steadily if not with leaps and bounds. Lets see why
Strategic Location
Nagpur is the third largest city in Maharashtra also being centrally located. Its Air Traffic Control (ATC) is the busiest in the country encountering 400 international flights in its skies. It is also right here where the two national highways numbered six and seven unite. It is due to this advantageous location that the city is undergoing a major transformation which makes buying
flats in Nagpur or participating in the commercial space development a great investment to consider.
Latest Developments
It was the International Cargo Hub that began to stir things up for this city. Many more industries like the MRO unit of Boeing and a SEZ are coming up as well. An international airport too is underway while the efforts to improve the infrastructure and land availability are continuously on. Several commercial malls and residential projects are coming up due to increased interest shown by businesses to move their operations here not to forget the influx of the IT sector too.
Economic Advantage
The property rates in good localities such as Ramdaspeth, Dhantoli, Civil Lines and Shankar Nagar are fast appreciating compared to bigger cities like Kolkata. The economic advantage is tremendous from development perspective being approximately 15% over Kolkata, 10% over Pune and 25-30% over
properties in delhi. Nagpur is also emerging as a major off-shoring centre for IT companies which typically setup where there is
Good land availability
Competitive labour and real estate costs
Thriving business environment
Progressive physical and social infrastructure
Fastest Emerging Growth Centre
Research reports rank the city second in terms of fast growth for realty investment. The credit goes to the motive of bringing it up as an educational and health hub. Other than being a tourist destination, it is also Indias second greenest city. There are over 35 educational institutes which in turn also ensure a substantial workforce for all the incoming businesses. This will in turn hike the demand for residential property mostly in the citys north-west, north-east and southern parts.
If your
financial advisory services are truly good, they will point you towards Tier II cities like Nagpur to meet the goal of investing in upcoming real estate.
by: Lucy liu
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