Nagpur Real Estate

Invest Now !!!!

2010-01-19T14:44:00.002+05:30

Promises, promises & more promises. The realty sector seems a world full of only promises. Each developer claiming that the world will develop around his project, soon. All you see today is acres and acres of barren land. Stretching from horizon to horizon, as far away as the eye can see. Investing your hard earned money in a land of promises is a little unnerving for you.

We understand your predicament.

Presenting. Balaji Samruddhi; the abode of security, serenity & above all reality. Beyond proposed promises, it is a residential scheme being created at a location that has all the amenities existing NOW. Schools, Banks, Colleges, Markets, Hospitals, Clinics, Doctors, Pharmacies... you name it and it is already functioning & thriving there. Welcome to the world of reality, not promises. Welcome to Balaji Samruddhi.

BALAJI Samruddhi - Key Advantages:

A project within a fully developed locality.
Extremely well connected to the city with over 35 daily trips of the city bus service.
Adjacent to the education hub of Nagpur with CBSE school, engineering, dental & medical colleges in vicinity.
Connected to the biggest development of Asia, the MIHAN project.
A project by highly reputed promoters who have a track record of landmarks in the city.
Excellent planning. Fully residential offering a quality life with complete privacy.
Very affordable.

High quality construction with premium 'A' class specificatons

. BALAJI Samruddhi-The Project. An excellently designed Ground + 6 floor project, with 8 flats to a floor. All 48 flats have been designed keeping the modern urban lifestyle in mind. Special attention has been devoted to maximizing space utilization, though the flat sizes start at 890 square feet, but the way space is used makes them seem bigger and increases their functionality. The quality of specifications and material used of the very finest as at Balaji we understand that an apartment becomes a home which generations cherish.

For More Details on this great investment opportunity email : paragorama@gmail.com

Why Nagpur

2010-01-19T14:42:00.000+05:30

Land, the priceless gift of nature, is the safest asset to own with the proven rapid rate of return on investment. Even more so in Nagpur as it has witnessed tremendous augmentation in the demand for this priceless asset in the recent times. In addition to local investor, global capital is chasing this limited asset resource of Nagpur, resulting in astounding increment of values.

The reason for this astronomical rise are not difficult to fathom:

The Asian sub-continents' biggest multi-modal logistic hub
The Multi-Modal Imitational Hub Airport, Nagpur (MII-IAN), incorporating
Special Economic Zone, International Airport, IT Parks, etc.
It is acknowledged as 2nd fastest growing and 10th wealthiest city in India
One of the cleanest and greenest cities of the country
Recipient of the nation award for urban infrastructure
Unique geographical position; absolutely the geographic center of India
Offering one of the best Rail, Road and Air connectivity within the
county
One of the finest Education centers with Engineering Colleges,Management Colleges etc. churning out a vast pool of highly educated talent every year
Cosmopolitan Culture

Boom time for real estates in Nagpur

2007-09-22T18:07:00.001+05:30

It is a boom time for real estate in Nagpur and the prices here have now been climbing at a breakneck pace, surpassing analyst's expectations day by day.

The sudden boom in the real estate could be gauged from the fact that people of Nagpur who were reluctant to buy a flat 10-15 years ago, instead, preferred to purchase a plot for constructing own houses, few flats in the prestigious Empress City near the Railway Station were even sold out for a price of above Rs one-crore.

Moreover, lands rate on Wardha Road that 20 kms from the city, saw prices increase over 500 per cent this New Year alone.

The much-publicised International Cargo Hub, MRO unit of Boeing and several other industries are coming up in Butibori area on Wardha Road, along with a special economic zone. At least 100 real estate developers have engaged several female-male sale executives, who are now tempting middle class Nagpurians for investing money on real estate by convincing that it would be more beneficial than depositing money in banks.

Surprisingly, when the residential property space rate in good localities in several other big cities, like Kolkata is hardly Rs 2,500-3,000, the rate at Nagpur has reached to Rs 3,500 per sq feet, in areas, like Ramdaspeth, Civil Lines, Dhantoli, Dharampeth and Shankar Nagar. Top of it, the residential space at Empress City of Tayals is over Rs 4,125 per sq feet.

As a business, the real estate had started nose-diving in 2003 when it was finalized that the international cargo hub will be set up at Nagpur. Other factors which contributed a lot for the boom because of its strategic location, better infrastructure and turning the city as an education and health hubs.

In a recent survey conducted by the Associated Chambers of Commerce and Industry of India (ASSCHAM), Nagpur city, along with some other mini-metros, emerged as one of the major investment destinations in the current real estate scenario.

The Nagpur Municipal Commissioner, Lokesh Chandra said that the city is showing mark improvement in every sector with the largest in its property market, thanks to its exceptional good infrastructure, roads, better education facilities and an extra-ordinary healthcare services. With an increasing demand for commercial as well as residential property, property dealers are making fast bucks.

Chandra said that, many reputed builders are looking forward to develop a number of buildings and commercial malls. A large portion of demand for property in the city seems to come in from the domestic and international retail chains to set an upward trend in the commercial market. "Nagpur will certainly see a tremendous rise in demand for office spaces in approaching years", he further said.

The Nagpur market got again in shot in arms when the in the city ranked second in the top list of country's emerging growth centres on real estate investment in a New Knight Frank Study of 15 cities.

Many real estate companies including some local ones were inclined to develop townships here. Works on some such elaborate residential clusters has also started.

Nagpur's IT scenario

2007-09-22T17:58:00.001+05:30

Tier III cities: The next location for IT offshoring

Ahmedabad, Chandigarh, Indore, Kolkata and Nagpur, the Tier III cities in India are best positioned to emerge as major centres for offshoring activities by IT companies over the next five years, according to a recent Jones Lang LaSalle report.

The report titled "India - The Next IT Offshoring Locations. Tier III Cities", which is part of the firm's World Winning Cities research, highlights these five cities as fulfiling the requirements that IT companies look for, when deciding on offshoring locations, namely availability, costs of labour and real estate, business environment as well as physical and social infrastructure.

Comparison :

Nagpur currently provides a cost advantage of about 15 per cent over Kolkata, which offers a 10 per cent cost advantage over Pune. From a real estate perspective, Kolkata provides the largest availability of grade A office space, with large developers such as DLF and Unitech, who have traditionally operated in Tier I cities now operating in Kolkata.

From a facility cost view, Nagpur and Ahmedabad provide a 25 to 30 per cent cost advantage over Kolkata and Delhi. Ahmedabad and Chandigarh provide the highest cost advantage amongst the Tier III cities and are therefore likely to attract occupiers that place a high weight on the cost factor.

Nagpur's Real Estate scenario

2007-09-22T17:54:00.001+05:30

The city is spread over an area of approximately 253 sq.km. and is the third largest city in the western Indian state of Maharashtra with a population of 2.1 million (2001 Census). Nagpur is undergoing major transformation and as a result of the Govt initiatives, the improving infrastructure and availability of land, Nagpur is witnessing a upward curve on the Real Estate front. According to the city’s municipal commissioner, Nagpur’s property market is on a growth curve aided in part by its improved infrastructure facilities, good roads and excellent network of education and healthcare facilities. "Nagpur will also witness a tremendous rise in demand for office spaces in approaching years", he adds.

The real estate prices, which had been inactive for many years, have witnessed a change with the announcement of the Rs 3,150-crore Multimodal International Hub Airport at Nagpur (MIHAN) in 2002-03. A number of locations around the proposed MIHAN project have seen high escalation in land and residential rates and one can also witness a multi-product Special Economic Zone (SEZ) adjacent, to be operational less than two years from now.

Revolutionizing Real Estate by empowering relationships

India’s second greenest city, Nagpur is not only a tourist destination but has various other attributions as well. Nagpur has almost 40 educational institutes in the vicinity, a technically apt workforce that is available at relatively lower cost, and the city also flaunts an international airport whose work is in progress.

Known across the country as the Orange City, a name it has earned for its famously succulent oranges, Nagpur, the second capital of Maharashtra, is now also earning a reputation as one of the fastest developing cities on the domestic real estate firmament. Ranked an impressive second by a recent Knight Frank Study listing India’s top 15-emerging growth centers for realty investment, Nagpur is currently riding the crest of demand generated by its strong industrial base and growing service sectors like IT, ITES and BPO players who are eagerly moving in. The coming of corporate and service sector majors has in turn opened up a huge reservoir for employment which in turn has impacted the demand for residential space, leading to a spurt in construction activity notably in the north-west, north-east and southern parts of the city. A prime example is the city’s upmarket Civil Lines area, where climbing property rates now range from Rs. 2000- 3500 psf. Nagpur has also witnessed a slew of new residential developments over the last few years with areas like Wardhaman Nagar offering a choice between high-end bungalows and apartments priced between Rs. 1500-2000 psf, followed by Surendra Nagar and Pratap Nagar where property prices are slightly more affordable in the Rs.1500-2000 psf range.

Nagpur is currently booming in terms of Real Estate and is expected to escalate further with the advent of various IT companies and flow of FDI in huge amounts. There are success stories of various IT companies who turned around the disadvantages of the city and used it to benefit themselves. To name a few, it can be Premier Technologies, Persistent Technology Group, Lambent Technologies and Control IT India and a lot more fumbling an opportunity to make a firm stance in the city. With IT companies striving to enter the city, the Real Estate prices of both commercial and capital values are likely to rise high.

Another major factor that has led to the soaring Real Estate prices is the NRI investment in the city.Fierce with which NRIs are investing in tier II cities along with the demand being created for both residential and commercial properties by this investment coupled with the high buying power of NRI’s the prices are being pushed beyond a reasonable limit in Nagpur.

What goes in Nagpur's favour is its central location—over 400 international flights pass daily over its skies, making Nagpur Air Traffic Control (ATR) the busiest in the country. Moreover, it is at the confluence of two major National Highways Kanyakumari-Varanasi (no 7) and Hawrah-Dhule (no 6) and all east-west and north-south railway lines.

Developers and various brokers are having a gala time and to add more to this they plan to tap other regions of the city which has a large number of NRIs with their roots from those areas. To implement this in a more professional fashion many developers and brokers hold exhibitions and fairs abroad to attract NRIs from UK, US, Dubai, Singapore etc.

Orange City, Nagpur achieved the second position on the emerging growth centers in India in a recent study conducted by a UK-based Global Property Consultancy firm and with increasing interest of NRIs in tier II cities, city emerging as a preference of IT people and with a series of other factors the Real Estate sector is expected to grow manifolds.

Nagpur Real Estate Blog

2007-09-22T17:45:00.000+05:30

This is blog to summarize the Real Estate Scenario in Nagpur which is one of the most upcoming and prospective investment destinations for investors today. The city offers good infrastructure, excellent education and health care facilities, upcoming IT parks, new and abundant employment opportunities and favorable government policies which places Nagpur one of the foremost in the II tier cities for Investment in India.Maharashtra’s second capital, Nagpur off late has been in the news for the tremors being created by booming Real Estate.

Nagpur Real Estate

Invest Now !!!!

We understand your predicament.

BALAJI Samruddhi - Key Advantages:

A project within a fully developed locality.

Extremely well connected to the city with over 35 daily trips of the city bus service.

Adjacent to the education hub of Nagpur with CBSE school, engineering, dental & medical colleges in vicinity.

Connected to the biggest development of Asia, the MIHAN project.

A project by highly reputed promoters who have a track record of landmarks in the city.