Sort by :
Filter by :
- NAGPUR Best place to enjoy life
IN THIS WORLD OF HUGE UNCERTAINTIES WHAT ARE YOUR INVESTMENT OPTIONS?
Right now the world economy is in turmoil. Several of the most trusted names over the last century or more in the field of finance and investment are suffering unimaginable miseries.
Even in India the markets have fallen a long way during the last 8 months. Most banks are offering interest rates on deposits at around 10% on deposits whereas the inflation is still over 12%. So in real terms investing in Bank FD is a losing proposition!
So what are the remaining options for investment and beating the inflation simultaneously? David Ricardo the British economist (famous for his theory on rent) is back in fashion!
In any case unlike several other assets your land does not vanish like profits in share markets, cannot be stolen like gold and other assets in that class and fluctuations in prices (especially a fall) is not as frequent as in other forms of investment. Therefore, investment in land is the best option in any circumstance.
Until recently the historical city of Nagpur in central India was a sleepy town...almost an overgrown village. Then MIHAN (Multimodal International Hub Airport Nagpur) along! Suddenly Nagpur has become an attractive investment destination.
Nagpur is the second greenest city in India. If one were to look for a good place to settle down in life one would look for several things.
b)Relatively low pollution levels
c)Good law and order situation and reasonable expectation of safety
f)Good connectivity by air, road and rail
Nagpur offers all these facilities in good measure.
The law and order situation in Nagpur is very good and there is hardly any record of communal riots, terrorist attacks, daring robberies etc in the living memory of this city.
Nagpur has 27 engineering colleges including an NIT that are as good as any in the country. There are 13 medical colleges, dental colleges, ayurvedic and homoeopathy colleges. There are a couple of Business Management Schools as well.
It has a good number of parks, lakes and other naturally beautiful spots.
There are various scientific and research institutions such as NEERI, CICR, an institute on citrus fruits.
There are several forest resorts in the vicinity of Nagpur such as Karmajheeri, Tadoba, Kanha etc.
In this area Nagpur scored heavily because of its strategic location. Its weather is also ideally suited for aviation. In all seasons visibility will be clear in Nagpur and there is never a blinding fog as in Delhi during the winters. Because of all these reasons Nagpur was chosen as the site of MIHAN project.
Alongside MIHAN a huge township and SEZ with its own captive power plant, water supply etc is coming up. All these developments have caused several business houses to make a beeline for Nagpur.
Already tech biggies like Satyam, Wipro and Hexaware have acquired lands in and around the MIHAN area. Real estate big names like DLF, Raheja, Sahara Housing and Ascenda have launched their projects. American aircraft manufacturer Boeing is setting up its MRO (Maintenance, Repair and Overhaul) center.
With all these giants coming up the future employment and business potential is huge. Since educational facilities are already in place these big businesses won’t have to look far to hire skilled manpower.
It is well known that wherever a giant business comes up it also spawns several smaller businesses that thrive on it.
With all this the economy of Nagpur is set to boom.
So by owning some property in Nagpur you are closest the most happening place in India (perhaps even the world).CommentQuote0Flag