Jamtha in Nagpur Offers Good Investment Opportunities
After Mumbai, Nagpur is one of the fastest growing Tier II cities in Maharashtra. As such, there are several areas that are witnessing growth in Nagpur. Jamtha is one such locality in Nagpur. Though it is not a prime locality such as Wardha Road, Laxmi Nagar or Manish Nagar, the locality is witnessing a good number of housing projects, which attract investment opportunities.
Location and connectivity
Jamtha lies just outside the Nagpur Outer Ring Road (ORR). It also lies across National Highway 7 (NH-7). This makes Jamtha very well connected. The Nagpur ORR connects the locality to areas such as Hingna, Wadi and Parsodi. NH-7 passes through Nagpur and connects the locality to cities such as Varanasi and Bangalore. Wardha Road, a prime locality in Nagpur, is part of NH-7. The MIHAN SEZ is about 8 km away and can be reached via Wardha Road.
While there are not many public buses from Jamtha, there are two railway stations close to the locality. There are also several rickshaws available near the locality. The Gumgaon Railway Station is about 5 km away from the locality while the Khapri Railway Station is about 5.5 km from the locality. The Nagpur airport is about 10 km from the area.
Social infrastructure
Jamtha has a good social infrastructure, which continues to grow. It has educational institutions such as Montfort School, Suretech College of Nursing and St Vincent Pallotti College of Engineering & Technology. There are several educational institutions near the locality. There is a Swami Vivekananda Medical Mission hospital a few kilometers away. The locality itself has a football ground as well as Vidharba Cricket Association Stadium.
The locality still lacks certain social amenities. However, with the growing number of housing projects in the locality, one may expect the social infrastructure to grow as well.
Real estate trends
The locality has very few existing housing projects yet, as it still lacks certain social infrastructure and public transportation. However, the locality is witnessing a slew of under-construction projects. This is primarily due to the affordability, the presence of the national highway that passes through the area and proximity to the railway station as well as the MIHAN SEZ. The average property price in the area is about Rs 2,000 per sq. ft. Some of the projects include Vrindavan by Radha Madhav Developers and Sandesh City by Sandesh Infrastructure. Apartments and residential houses ranging from 1BHK to 4BHK are available in the locality.
While a 1BHK apartment is available for Rs 13-20 lakh, a 2BHK apartment is available for Rs 20-25 lakh. A 3BHK apartment is available for Rs 30-50 lakh, while a 4BHK apartment may cost up to Rs 70 lakh. A 2BHK residential house in the locality may cost about Rs 30-35 lakh, while a 3BHK house may cost about Rs 35-50 lakh and a 4BHK house may cost about Rs 55-60 lakh.
The growth in new projects indicates that the area is going to witness growth in a short period. As such, the locality looks apt for investors.
