Manewada in Nagpur Sees Growth in New Projects
Manewada is a locality situated near the Nagpur Ring Road. Due to the Ring Road, Manewada witnesses excellent connectivity to other areas in Nagpur. This has led to the launch of several new residential projects in the area. The locality also proves to be good for investors.
Location and connectivity
Manewada is situated near the Nagpur Ring Road and in close proximity to Wardha Road. The Ring Road connects the locality to Wardha Road and all the other state highways passing through Nagpur. The Ring Road also connects Manewada to the MIHAN SEZ. Wardha Road is less than 4.5 km and National Highway 6 (Amravati Road) is less than 8 km away from Manewada.
Manewada Road is an important arterial road in the area and it has a few MSRTC bus stops. The Ajni railway station is the nearest railway station and is at a distance of 4.5 km. The Nagpur airport is at a distance of 6.5 km from the locality.
Infrastructure
Manewada has several social amenities. There are a number of schools and colleges in the area. ESI Hospital and Sunil Bajaj Hospital are well known hospitals in the area. There are quite a few parks in the locality. Sakkardara Lake is a lake in the area’s proximity. Apart from these, there are other regular civic features such as banks, ATMs, business centres, shopping and commercial centres, and playgrounds.
Manewada witnesses new projects
After Wardha Road, Manewada has the second highest number of new upcoming projects, especially around Manewada Road. This is essentially due to its proximity to Wardha Road and Ring Road, apart from good social amenities. There are several builders active in the area such as Kolbaswami Developers, Shree Developers and Concrete Developers. Kolbaswami Developers are currently the largest builders in the area.
The most available configurations are 2 and 3BHK apartments. The approximate covered area of a 2BHK apartment is about 775-940 sq. ft. while that of a 3BHK apartment is about 1,045-1,400 sq. ft. The approximate cost of a 2BHK apartment is about Rs 20-30 lakh and that of a 3BHK is about Rs 30-40 lakh. Property values in Manewada have been witnessing a periodic see-saw. However, over the last few quarters, the property values have remained stable at an average of Rs 2,900 per sq. ft.
With new projects coming in, one can be assured that there will be a growth in demand for the area and property values will go up in the future. Hence, Manewada becomes a good locality to invest and gain good returns.
