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|Property in Nagpur - Real Estate Nagpur Discussion|
Known for its fruits and particularly its oranges, Nagpur finds a special mention as it has the honor of being the biggest city of central India. Though Nagpur`s agrarian base and a particularly calm image, in comparison to Mumbai, make it a hot favorite of the investors yet its potential as the industrial powerhouse can be gauged from the fact that it is 13th most inhabited city. It is also the political center of the state of Maharashtra as the annual winter session of the assembly takes place here. It is thus no surprise that the proposed Multi-Modal International Cargo Hub and Airport and the MIHAN project is seen as the right step in the right direction by real estate developers. One of the reasons why property in Nagpur is getting popular is its connectivity with cities like Delhi, Bangalore, Mumbai, Pune, and Hyderabad and also with world class cities like Bangkok, Sharjah and Doha through the Babasaheb Ambedkar International Airport, which is just 7km from the center of Nagpur. The sturdy roads and major national highways like NH6 and NH7 pass through the `Orange City` while the Nagpur Metro Rail Project may also see the light of the day soon. The major projects here that promise to provide sheen to the real estate industry here are the Multi-Modal International Passenger and Cargo Hub Aircraft (MIHAN), Nagpur Metro Rail, Meghdoot Project and the Capitol Heights. The prominent activities in real estate sector are centered on the apartments and flats and not independent housing options as buying properties here could come at a huge premium. But some localities like Civil Lines, Manish Nagar, Wardha Road and Laxmi Nagar still holds promise for the budget investor.