Real estate investment is not a simple option to make, but with the right kind of help, you may make the smartest decision of your life.
Nagpur, Maharashtra's third-largest city, has been regarded as one of the greatest sites for property investment after Mumbai and Pune. Some of the most important characteristics include good transportation, connection, and high quality of life.
Nagpur has an extremely high literacy rate. It is approximately 93%, making it one of the most literate cities in India. Housing is offered in a variety of price ranges here.
We shall finish what is real estate business by looking at connection, transportation availability, political status, and lastly comprehending how Nagpur has evolved over a decade.
Here are some of the factors that make Nagpur an excellent place to invest in real estate.
1)Connectivity
Nagpur is well-connected to the rest of the country by highways, rail, and air.
•Airport: During the First World War, Dr. B. R. Ambedkar airport in Nagpur was created, and it currently boasts an international airport connecting key countries such as Saudi Arabia, Singapore, and the United Arab Emirates, among others. The airport is on its path to becoming a multipurpose international cargo hub. This airport will also have a special economic zone that will cover a huge area of land.
•Road: Nagpur sits at the crossroads of two important national highways (NH 7 and NH 6). The NH 7 route connects Kanyakumari and Varanasi, whereas the NH 6 road connects Hajira and Kolkata. Both of these major highways run through the city. NH 47 connects Bhopal and Nagpur. The Maharashtra State Road Transport Corporation also provides several buses that connect to every part of the city.
•Railways: Nagpur Railway Station, one of the oldest and fastest in the country, offers an average of 242 railways to different destinations throughout India. Sixty-five of these 242 trains run on a daily basis, with 26 terminating and originating in Nagpur.
2) Industries:-
The price of real estate has risen significantly as a result of the industry occurring in or around the city. The mining business is well-known among government-owned mining companies. With companies such as Hyundai, Gammon, and ACC, among others, Nagpur's renowned Butibori Industrial Estate is Asia's largest industrial estate. Leading manufacturers such as Haldirams, Ajanta, and Mahindra are headquartered in Nagpur. The high-profile industrial sector has also been able to provide several work prospects.
3) Education Center:-
Some of Nagpur's most famous colleges are located here. With around 13 medical colleges and 27 engineering institutes, Nagpur has drawn numerous students from across the country to pursue their academic degrees here. Nagpur's education industry will benefit from the establishment of IIM and AIIMS divisions.
4) Tourism:-
Nagpur has a thriving tourism industry that has successfully lured visitors from all over the world. Ambazari Lake and Futala Lake are the most well-known. Nagpur also borders wildlife reserves such as Pench National Park, Bor Tiger Reserve, and Tadoba-Andhari Tiger Reserve.
We hope you found all of this information useful. If you’re looking to buy 2 & BHK flats in Nagpur, it’s ideal to invest in Shiv Kailasa. Shiv Kailasa is a magnificent project with big apartments, rowhouses, and duplex residences conveniently located in MIHAN.
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