If you are thinking about investing in the real estate, Nagpur is one of the most lucrative destinations. Nagpur as one of the best smart Indian cities proves as a very promising place to invest in real estate. The government’s Smart City push along with this year’s Budget has boosted real estate activity across the country. There is good news for home buyers. In the Budget, as the Finance Minister extended the construction completion deadline for getting tax breaks under Section 24 from 3 to 5 years, there is further surge in the number of home buyers.
The winter capital of Maharashtra, Nagpur is one of the cleanest and the greenest cities in India. Today Nagpur is also one of the fastest growing metropolis in the country and the third most populous city in Maharashtra. Property in Nagpur is a lucrative option as it has been cited as the future global cities. With excellent healthcare industry, public transport and overall livability index, Nagpur is a flourishing place that has outperformed the expectations of the onlookers.
Nagpur is lucrative place for real estate investment due to many reasons. The infrastructure of Nagpur is excellent. Furthermore with the successful establishment of Multi-Modal International Cargo Hub (MIHAN) which is one of the biggest projects in Central india and with the addition of International flights to Dr. Babasaheb Ambedkar International Airport in the city it is most in demand of the real estate horizon. There are major cities connected to Nagpur with major trains passing through the junction. The new Nagpur-Aurangabad-Mumbai Express Highway besides Mumbai-Nagpur Expressway is great additions. Nagpur Mahanagar Parivahan Ltd (NMPL) and Maharashtra State Road Transport Corporation (MSRTC) run buses serve the city. There are also plans to construct a flyover from Hotel Radisson Blue to Hotel Pride, railway over bridge (RoB) at Manish Nagar and enhance the four-lane road from Zero Mile.
Rera Registered Projects In Nagpur are implemented with the prime objective of RERA to safeguard the interest of home buyers by restricting fly-by-night players, increasing the share of organised segment and bringing in transparency.
Real estate sector is blooming in Nagpur as the property markets are witnessing huge demand in areas like Civil Lines, Wardha Road, Manish Nagar, Godhani, Mankapur, Manewada, Zingabai Takli, Pratap Nagar and Shankar Nagar, among others. Wardha road among these areas is witnessing new launches in both luxury and affordable housing segments especially Flats in Chinchbhavan and Shankarpur, Nagpur.
Group Karamchand one of the potential leading developer in the real estate business has entered into the booming Real Estate industry in building a massive land bank in strategic locations, partnering various JVs across real estate verticals with reputed developers including an upcoming 250 acre integrated township in Nagpur. For more details visit our website http://www.dreamaawas.com
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