Nagpur, also known as the 'Orange City' and 'Tiger Capital of India', has gained recognition for more than just its famous Haldirams. A recent survey conducted by a reputable Indian news agency has declared it the most livable city in India, thanks to its top-notch healthcare and educational facilities, and other amenities. Since being added to the Government's prestigious Smart City project, Nagpur has experienced a surge in development projects across various sectors. Today, it boasts a fully functional metro transport system (even before Mumbai), renowned educational institutions, a high standard of living, thriving MIDCs, and a growing IT sector.
There are several reasons why properties in Nagpur are favorable:
The Power Generation Hub in Nagpur
Nagpur is a vital area for power generation in Maharashtra. Butibori, an industrial zone and one of the largest in Asia [1], is home to two big thermal power stations. Additionally, a superthermal power plant can be found 40 kilometers away from Nagpur in Mauda. Furthermore, there are two more thermal power stations operating within Nagpur city's limits: Khaparkheda Thermal Power Station and Koradi Thermal Power Station.
The Centre for Manufacturing Industries is located in Nagpur, which is a rapidly growing city in Maharashtra with over 22,000 Micro, Small, and Medium Enterprises (MSME). The MIDC in Nagpur is also home to several large national and multinational companies, including Mahindra & Mahindra's tractors vertical, which is one of the largest companies there. Other notable companies in the area include Candico, Bajaj Auto Group, Indo Rama Synthetics, KEC, Hyundai, Unitech, Sanvijay Group, Baidyanath, Vicco, Dinshaws, and Ajanta Toothbrushes.
Since it has such a massive industrial sector, naturally, the demand for flats for sale in Nagpur is never going to drop.
The Multimodal International Cargo Hub (MIHAN) is a massive economic development project in the region, providing employment opportunities for approximately 12 million individuals. It includes the Dr. Babasaheb Ambedkar International Airport and a growing IT sector. With the growth of MIHAN, Maharashtra is no longer limited to Mumbai and Pune for the country's IT giants. Companies such as TCS, Infosys, Wipro Technologies, HCL Technologies, and Tech Mahindra now have functional campuses in the region.
Due to these factors, the population of Nagpur has increased and the standard of living has also improved. As a result, investors are seeking to invest in promising properties and achieve good returns on investment.
Discover the joy of living in Lifespaces' Bloomdale, a gated community located near Nagpur. We offer a range of spacious homes including farmhouses, row houses, open plots, and resorts for sale in Nagpur. Come find your dream Framhome today!
References: https://nagpurplots.in/
No comments yet