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MIHAN, Nagpur : Latest Developments and Updates

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MIHAN, Nagpur : Latest Developments and Updates

Last updated: November 3 2017
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  • MIHAN, Nagpur : Latest Developments and Updates

    Is Mihan still a live & Viable project. It is delayed abnormally beyond definitions.

    It is now being talked that most of the corporate houses holding plots around MIHAN have decided to sell their plots.

    Also, there is no priority about MIHAN. Atleast for next 2-3 years (next general elections then Maharashtra assembly then 1-2 years for settling of new govt etc etc). Above that, this project was never in the preferences of any of the govt. Whatever push has come, its just because of big real-estate players who somehow managed to keep this project live.

    Now the question is, will Nagpur really get MIHAN even in 10 years from now...???? MIHAN is the only project which is driving Nagpur real estate.
    Last edited November 3 2017, 10:48 AM.
  • #2

    #2

    Re : MIHAN, Nagpur : Latest Developments and Updates

    Originally posted by arpitk1008 View Post
    Is Mihan still a live & Viable project. It is delayed abnormally beyond definitions.

    It is now being talked that most of the corporate houses holding plots around MIHAN have decided to sell their plots.
    I'm not sure where from you got your information. When I visited during my last month's trip to India, TCS has already started construction of two buildings, Boeing MRO is in full swing, Future group is operational along with TAL, Calibre Point and few other industries.

    And last summer Infosys signed land deal with MADC to buy 125 Acre land inside SEZ.

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    • #3

      #3

      Re : MIHAN, Nagpur : Latest Developments and Updates

      .. ... SORRY.. I can;t stop laughing....smiling..... Nagpur is going down man... read ASSO CHAM;s recent study..
      Last edited January 18 2013, 04:58 PM.

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      • #4

        #4

        Re : MIHAN, Nagpur : Latest Developments and Updates

        Originally posted by arpitk1008 View Post
        .. ... SORRY.. I can;t stop laughing....smiling..... Nagpur is going down man... read ASSO CHAM;s recent study..
        ...jyada daat maat nikal.. yeh tere andar daal leh

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        • #5

          #5

          Re : MIHAN, Nagpur : Latest Developments and Updates

          Lupin has started its construction at Butibori. For Nagpur projects updates, please visit Nagpur - SkyscraperCity

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          • #6

            #6

            Re : MIHAN, Nagpur : Latest Developments and Updates

            Originally posted by Gootelal View Post
            ...jyada daat maat nikal.. yeh tere andar daal leh

            Goteelal bhai.. Buraa maan gaye kya. Jo fact hai woh hai. Property dealers waise bhi sacchai se door hee bhagte hain...

            Bhaiya, Nagpur ka rating bahut neeche gir gaya hai.. yeh fact hai aur isako accept karo..refer NASSCOMs 2012 report.

            I am not bothered about your interests on this forum, but please don;t misguide other forum members. Come out with fact & then talk..

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            • #7

              #7

              Re : MIHAN, Nagpur : Latest Developments and Updates

              Originally posted by arpitk1008 View Post
              Goteelal bhai.. Buraa maan gaye kya. Jo fact hai woh hai. Property dealers waise bhi sacchai se door hee bhagte hain...

              Bhaiya, Nagpur ka rating bahut neeche gir gaya hai.. yeh fact hai aur isako accept karo..refer NASSCOMs 2012 report.

              I am not bothered about your interests on this forum, but please don;t misguide other forum members. Come out with fact & then talk..
              MIHAN ko is wakat FLOP hi kaha jaiga. TCS kush kar rahi hai aur 2-3 company agar kaam shuru bhi karengi to 3-4 saal pakad kar chaloo. Lakin Property walon nay ya Plot bechnay valon nay MIHAN ko lekar jo shor machaya tha vo sab khatam hoo chukka hai. Kush Nagpur key logon ney 15% aur baki Raipur, Bombay key Gujarati, Marwadi logon nay aur jin key pass Black paisa tha un logon nay Plot khiredey. Log soch rahey they ki MIHAN chaluu hua to 3 guna kama lengay. Lakin ab halat aisi hai ki Resale main bhi koi plot nahin kharid raha. Kush log jitney main Plot liya tha utney main bechney ko tayar hain. Jo dhoom Dhadkey say MIHAN ki publicity ki thi vo sab to FLOP hoo chukka hai.
              Land ka rate to kahin bhi bhadta hi hota hai aur Wardha Road par bhi 5-10 saal main bhad hi jaiga.
              jo Nagpur key Mihan lekar halla hua tha vo thappp ho chukka hai.
              Paper main kabhi 2-4 mahiney baad koi news aa jati hai ki XYZ bhi land Mihan main ley raha hai.Ye koi nahin batta ki jin logon nay Land Mihan main ley lii thi kiya sab nay kush kiya? Nahin kiya... Faltu ki discussion main kush nahin rakha. Nagpur Lazy City hai, Traffic ka to koi rule hi nahin. Kisi ko Saza deni hoo to MAY/JUNE main Nagpur bhej dooo

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              • #8

                #8

                Re : MIHAN, Nagpur : Latest Developments and Updates

                This is the problem with many of people who expect land prices to shoot up within 6 months. You need to agree that land is long term investment and over 20-30 years it gives you 'stable' return of at least 8-9%. However current generation want returns in tune with stock exchange and thus the speculation and mass dealing of land followed in Nagpur.

                The current prices in Nagpur already factors in the MIHAN being fully developed. Prices between 2006 and 2008 doubled almost every year.!!

                Mihan story is not all about real estate though. TCS has completed 3 floors and will start operating by year end. Expect it to be fully functional in 2-3 years. Employing 4-5K people directly and 10K people indirectly. (4L * 5000) Rs per year (min) pumped into the Nagpur economy.

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                • #9

                  #9

                  Re : MIHAN, Nagpur : Latest Developments and Updates

                  Originally posted by arpitk1008 View Post
                  .. ... SORRY.. I can;t stop laughing....smiling..... Nagpur is going down man... read ASSO CHAM;s recent study..
                  You need to be in City to know the development. Nagpur has lots of land bank and if prices are not right people will move to different area and that's happening in Wardha Road area. If prices are high in Manish Nagar, people moved to Besa, if its high (800 to 1500 p.sq.ft) people started buying plots/flats in pipla and so on.

                  If you fall for the returns promised by builders/land developers it is buyers fault. People who bought land really cheap at 50/- 100/- persq.ft in these area are reaping rewards even if they sell it at 200/- 250/- rate!

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                  • #10

                    #10

                    Re : MIHAN, Nagpur : Latest Developments and Updates

                    Hope the mihan goes in full swing..

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