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Nagpur as an Investment?

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Nagpur as an Investment?

Last updated: December 11 2012
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  • Nagpur as an Investment?

    All,

    pls share your thoughts on Nagpur as investment.

    The project "Mihan" - how far has that been a success? Has the work completed or halted with some issue, when is it gonna be operational and other status?

    The IT park having Wipro, TCS, HCL - what about it? when would they be operational..?

    residential townships/major RE projects - Mahindras/ DLf/ Sahara/ any other..(pls name them..)? - when are they starting...

    thanks,
    Vishal
  • #2

    #2

    Re : Nagpur as an Investment?

    Originally posted by VishalPrabhakar View Post
    All,

    pls share your thoughts on Nagpur as investment.

    The project "Mihan" - how far has that been a success? Has the work completed or halted with some issue, when is it gonna be operational and other status?

    The IT park having Wipro, TCS, HCL - what about it? when would they be operational..?

    residential townships/major RE projects - Mahindras/ DLf/ Sahara/ any other..(pls name them..)? - when are they starting...

    thanks,
    Vishal
    There is not much of progress of Mihan as there is not much of hype which is there in NGP.
    No IT companies are even thinking to set up their shop in NGP. A big blow to the progress. As IT means money...

    RE is pretty slow and seems recession has still engulfed NGP.

    Know its slightly pessimistic view on ngp but more veiws are invited.

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    • #3

      #3

      Re : Nagpur as an Investment?

      any more inputs..?

      Comment

      • #4

        #4

        Re : Nagpur as an Investment?

        Originally posted by VishalPrabhakar View Post
        any more inputs..?
        No progress on Mihan, Sahara's Project stalled, Butibori still a dream.

        However the prices on real Nagpur upto Vardhman Nagar is showing bullish trend along with areas on Vardha road within few km of zero mile

        I have some farm properties on Chindwara Road near the border of maharastra and MP and prices there too have increased a bit.

        Rohit

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        • #5

          #5

          Re : Nagpur as an Investment?

          Yeah, development is at very low pace bcoz of pathetic approach of State govt towards VIDHARBHA region. At the same time, we can see so many devp work going on in Pune and western mh...

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          • #6

            #6

            Re : Nagpur as an Investment?

            Originally posted by radioactive View Post
            Yeah, development is at very low pace bcoz of pathetic approach of State govt towards VIDHARBHA region. At the same time, we can see so many devp work going on in Pune and western mh...


            MIHAN is FLOP!!!!
            no sale on Wardha road.

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            • #7

              #7

              Re : Nagpur as an Investment?

              Originally posted by Gangaram View Post
              MIHAN is FLOP!!!!
              no sale on Wardha road.
              why would there will be any sell on Wardha Road? for Mihan to be gauged as success there should be sell "inside" mihan. And looking at new companies lined up to by land in SEZ I don't see it being 'flop' !

              And didn't all the land in nagpur sold 2-3 times already?? what you expect people to keep buying and selling lands until all land prices are at par with Dharampeth or Sadar??

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              • #8

                #8

                Re : Nagpur as an Investment?

                Originally posted by VishalPrabhakar View Post
                All,

                pls share your thoughts on Nagpur as investment.

                The project "Mihan" - how far has that been a success? Has the work completed or halted with some issue, when is it gonna be operational and other status?
                -----At this time Mihan is FLOP!!! for the future nobody knows.
                The IT park having Wipro, TCS, HCL - what about it? when would they be operational..?
                ----- TCS and other 1-2 IT companies has started Construction work (2012) and it may take 2-4 years.
                residential townships/major RE projects - Mahindras/ DLf/ Sahara/ any other..(pls name them..)? - when are they starting...
                -------- DLF has no news, Sahara is almost compleate and has some problems and those booked have not started living.
                thanks,
                Vishal
                On the name of MIHAN many developers made money, sold Plots and many cheated Plot buyers. You can get many Resale plots but no buyer at this time(Octobere 2012).
                in JAMTHA you can buy a plot for 300 to 400 rupees Sq Feet. you should know how to search and buy. if you want to buy something better buy in City limits..

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                • #9

                  #9

                  Re : Nagpur as an Investment?

                  Originally posted by Gangaram View Post
                  On the name of MIHAN many developers made money, sold Plots and many cheated Plot buyers. You can get many Resale plots but no buyer at this time(Octobere 2012).
                  in JAMTHA you can buy a plot for 300 to 400 rupees Sq Feet. you should know how to search and buy. if you want to buy something better buy in City limits..
                  Ram Ram GangaRam,I agree that developers made money with Mihans hype..but Mihans rolling...just wait for 3 years..and u wont get any piece of land for less than 1200 rs per sq ft around Mihan..

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                  • #10

                    #10

                    Re : Nagpur as an Investment?

                    Originally posted by Gootelal View Post
                    Ram Ram GangaRam,I agree that developers made money with Mihans hype..
                    but Mihans rolling...just wait for 3 years..
                    -----it is good if MIHAN is rolling
                    and u wont get any piece of land for less than 1200 rs per sq ft around Mihan ..

                    --------Do you mean rupees 1200SQ feet now or After 3 years?? what area you are talking "around Mihan"???


                    *** At present Jamtha , Dongergaon, Waghdra you CAN get 300 to 400 rs Sq ft Easily. Butibori side you can get from 100 to 250.

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                    Last edited October 2 2012, 02:26 AM.

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