KT Nagar in Nagpur Emerges Good for Investment
KT Nagar is strategically located in Nagpur. The residents also have a good connectivity to other areas. There are several good social amenities in the proximity of the area, which make it a better prospect from the point of buying a property. Here are some more things to know about KT Nagar and why it is a good locality to buy a property.
Location
KT Nagar lies tangent to KT Road, which is an important arterial road in Nagpur. The area is just about 2 km from the Ring Road. Both Katol Road and Ring Road connect KT Nagar to several other areas in Nagpur as well as Wardha Road, which is one of the fastest growing areas in Nagpur. Katol Road is also a Maharashtra State Highway, which connects the area to different cities in the state. The MIHAN SEZ is about 22 km from the area and the Nagpur International Airport is less than 14 km from the area.
To reach KT Nagar, one can take a NMPL bus and get down at Ramdeobaba College of Engineering bus stop, which is less than 2 km from the area. There are several rickshaws around that regularly ply between the area and the bus stop.
Amenities and infrastructure
KT Nagar has a decent civic infrastructure. There are some good educational institutions as well as health facilities in its proximity. Some of the educational institutions in the proximity include Chanda Devi Saraf School, Nagpur Veterinary College and Ramdeobaba College of Engineering. The CGHS Clinic is near to the area. The area itself has several commercial establishments, bank ATMs, temples, restaurants and gardens. There is a Military Training Ground on the other side of Katol Road.
Real estate
The area also has several residential societies, layouts and apartments. There are few new properties coming up in the locality. There are a few builders such as SB Construction Co and Rachana Constructions active in the area. The most commonly available configurations are 2 and 3BHK apartments. The average size of a 2BHK apartment is 400-900 sq. ft. and that of a 3BHK apartment is about 1,200-1,400 sq. ft. A 2BHK apartment costs about Rs 30-45 lakh whereas a 3BHK apartment costs about Rs 40-65 lakh. This falls well within the affordability range for many people.
The average property value around KT Nagar and Katol Road is about Rs 3,000-3,700 per sq. ft. While last year saw a small dip in property value compared to 2012, the trends show that the property values have stabilised over the last few quarters. With Nagpur emerging as a growing real estate market and with expectations of more development, one can expect prices in the area too to grow over time. As such, KT Nagar proves a good area to buy a property at this point.
