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Nagpur Best place for Real Estate Investment

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  • Nagpur Best place for Real Estate Investment

    One of the fastest growing Tier III cities in India -Future IT and Aviation city - Companies like Boeing, Satyam computers, HCL, Dell, Hexaware, DLF, Ascendas etc. has already finalized their projects. Adjacent to IT SEZ(Wardha Road – NH7) is Proposed International Cargo HUB(MIHAN – Multimodal International Hub Airport at Nagpur, (www.madcindia.org ), which is first and only such kind of project in the country being developed in Nagpur by a joint venture between Maharashtra Airport Development Corporation (MADC) and the Airport Authority of India (AAI). Second Capital and third big city in Maharashtra. Nearby is the new VCA cricket stadium.
    Last edited April 25 2007, 08:46 AM.
  • #2

    #2

    Re : Nagpur Best place for Real Estate Investment

    Mihan Project

    I'd like to throw some light on MIHAN as Mr. Rajesh has cited.

    MIHAN PROJECT

    The under-planning MIHAN project will be spread over 4,025 hectares and, when completed, it is going to be one of the biggest cargo hubs in Asia.
    Besides the airport, the proposed project involves a road-rail terminal, a special economic zone (SEZ) and other urban amenities.

    An IT park spread over 400 hectares in the SEZ will house IT majors like Satyam Computers, TCS, Patni Computers as well as Microsoft. Dell too has evinced interest in Nagpur. The Boeing MRO facility has alrady been talked about.

    In the Special Economic Zone, units may be set up for manufacturing of goods, rendering of services, production, processing, assembling, trading, repairs, packing and repacking.

    In addition, attractive fiscal incentives, soft regimes of taxes for developers and entrepreneurs, productivity-friendly labour laws and simpler procedure shall also be offered in the zone, as has been available in other free trade zones all over the world.

    A separate 60 hectares have been allocated within the SEZ for the Health City, which is expected to provide about 2,000 beds in various multi-speciality hospitals.

    Private players will operate one or more specialised units in the Health City. The proposed Health City, envisaged as the preferred destination for health tourists all over the world, shall be located in the SEZ, providing the operators tax concessions and other benefits as per the SEZ Act 2005.

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    • #3

      #3

      Re : Nagpur Best place for Real Estate Investment

      Land Prices

      what is the price of land in Nagpur at the moment? I am an onverseas resident and wanted to know if there is an issue buying land (in terms of safety???)

      Also what new residential projects are coming up in NGP? Any ideas and thoughts would be highly appreciated. I used to go to NGP every year when I was young but have no idea as to how the city has developed/changed in the last 12 years.

      Regards

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      • #4

        #4

        Re : Nagpur Best place for Real Estate Investment

        No isues in investing in land in Nagpur

        I am from Nagpur and I have seen Nagpur grow from a dusty town to a bustling clean and green city(its the 2nd greenest in india).

        Now its on the way to becoming a world trade city with the MIHAN project coming up fast.

        The land prices here have been going up faster than anywhere else in India and its the right time to jump in.The investors have reaped a rich reward in the last two years and many have got returns of close to 300-500% in land investments around MIHAN project.
        Last edited April 17 2008, 12:59 AM.

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        • #5

          #5

          Re : Nagpur Best place for Real Estate Investment

          it looks lucrative and makes sense i moving in near future with my family to india and will really focus my eyes on real estate investment in Nagpur.
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          • #6

            #6

            Re : Nagpur Best place for Real Estate Investment

            Good Loss Mitigation Training

            Hey I'm new and I guess this is as good a place as any to see if anyone knows of a good loss mitigation training course?I keep hearing about people making tons of money becoming foreclosure consultants.So, If you have any info or you have purchased a good course, please share. I'm retired and looking for a home based business that I can earn a decent income with.Thanks,

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            • #7

              #7

              Re : Nagpur Best place for Real Estate Investment

              investment in nagpur

              Hi,
              I am interested in investment in Nagpur. Can anybody tell me which is better option:
              1. Flat 2.Row House 3. Old House

              Thanks

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              • #8

                #8

                Re : Nagpur Best place for Real Estate Investment

                Originally posted by vijaykl View Post
                Hi,
                I am interested in investment in Nagpur. Can anybody tell me which is better option:
                1. Flat 2.Row House 3. Old House

                Thanks
                If you are a budget buyer Flat will be your option. Otherwise I would suggest you to go for Row House in outskirts of city (as you may be looking for new construction).

                For secure investment and security, go for Resale houses within city limit. Recession and real estate slow down hasn't affected Nagpur city at all. However, I can't vouch for plot sale beyond existing city limit.

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                • #9

                  #9

                  Re : Nagpur Best place for Real Estate Investment

                  hey...hello everone.....
                  do any one know abt the *MY TOWN* project which is in nagpur {buti bourie }
                  is it safe to buy a flat at that area....

                  waiting for ur valueable reply......

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                  • #10

                    #10

                    Re : Nagpur Best place for Real Estate Investment

                    TCS to set up facility in Nagpur

                    R. Y. Narayanan
                    Coimbatore, Dec 19:
                    IT bellwether Tata Consultancy Services is investing Rs 600 crore in the first phase of its development facility in Nagpur.
                    It will come up on a 54-acre site in the Mihan SEZ. The Maharashtra Chief Minister, Mr Prithviraj Chavan, laid the foundation for the first phase of the project at Nagpur today.
                    The project would be executed in two phases with the first phase having 8,200 seats for IT and BPO services. The second phase would be equal in size.
                    Mr N. Chandrasekaran, CEO and MD, TCS, said Nagpur, which is TCS’ third facility in Maharashtra after Mumbai and Pune, had the potential to become the next big hub for knowledge-based industries since it has the strong eco system of educational institutions, talent pool and infrastructure.

                    Source:thehindubusinessline

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