Uday Nagar in Nagpur Sees a Slew of New Projects
Uday Nagar in Nagpur is witnessing a slew of new residential projects. This is primarily because it lies on an important arterial road in Nagpur and is close to the MIHAN SEZ. The locality also has a good civic infrastructure which is encouraging more developers to come up with projects in the area.
Location and connectivity
Uday Nagar is located on Amravati Road, which is an important arterial road in Nagpur. The road is also a part of the National Highway 6, connecting important cities such as Surat, Amravati, Durg, Raipur and Kolkata to Nagpur. As such, Uday Nagar enjoys a very good connectivity. The area is close to other important highways such as North Ambazari Road (2.5 km) and Wardha Road (2.7 km), one of the fastest growing stretches in Nagpur currently.
Uday Nagar has a couple of bus stops where there are regular MSRTC buses that provide mass transportation service. The Nagpur Railway Station is just about 5 km away from Uday Nagar and the Nagpur airport is about 10 km from Uday Nagar. The area is just about 16 km from the MIHAN SEZ.
Amenities
Uday Nagar has good social and civic amenities. Besides Amravati Road, the area has other wide roads. The area also has a decent power and water supply. There is a good social infrastructure in and around Uday Nagar. Some of the educational institutions in the vicinity include Corporation School, GS College of Commerce & Economics and Dr. Ambedkar law College. The Dande Hospital is close to the area. Uday Nagar also has a Nagpur University basketball ground and a University playground. There are other social amenities such as a post office, RTO office, banks, retail shops and restaurants in and around the area.
New projects in Uday Nagar
The excellent connectivity to other cities as well as proximity to the major access points and social amenities have helped more developers come up with new projects in the area. There are already developers such as Shanti Construction and Developers, Siddheshwar Developers and Builders, and Mounten Associate active in Uday Nagar. The most offered configurations are 2 and 3BHK apartments. The total covered area of a 2BHK apartment is between 750-1,075 sq. ft. The approximate covered area of a 3BHK apartment is about 1,045-1,075 sq. ft.
The approximate cost of a 2BHK apartment is between Rs 22-27 lakh while that of a 3BHK apartment is between Rs 30-35 lakh. This indicates that apartments in Uday Nagar are pretty much within the affordable range. The growth in Uday Nagar has led to an appreciation in property values. The average property value during the second quarter of 2013 was about Rs 2,600 per sq. ft., while it was about Rs 3,100 per sq. ft. during the third quarter, indicating a 19 per cent increase quarter-on-quarter (q-o-q).
The property values and the number of projects coming up in the area continue to grow, proving that Uday Nagar is an area worth keeping a watch.
