Where to Find Affordable 2BHK Apartments in Nagpur
Nagpur is a fast growing Tier II city in India and one of the fastest growing cities in Maharashtra. The city has been attracting several investors who prefer to invest in residential apartments. One of the main reasons it attracts investments is due to the lower property values compared to Mumbai and growth in Nagpur.
One may find a 2BHK apartment in the city with various ticket sizes varying from Rs 20 lakh and up to Rs 1 crore. Here are three localities that offer 2BHK apartment in the budget range of Rs 30-50 lakh. These apartments are located in some of the most sought-after areas which have good amenities. Some of these projects also provide good amenities such as private terrace, gym, swimming pool and club house.
Manish Nagar
Manish Nagar is a prime locality in Nagpur due to its location on Wardha Road. It also lies close to the Nagpur Ring Road. These roads provide excellent connectivity with other areas as well as MIHAN SEZ. One can reach MIHAN within 20 minutes and the airport within 5 minutes from Manish Nagar. The area has good MSRTC bus service. A BRTS service is proposed on the Ring Road near the locality. The area has good social amenities including schools, colleges, banks, hospitals and shopping centres. There is also a police station at a distance of less than 2 km from the area.
The locality is witnessing good growth in property values over the past few years indicating a growth in its realty market. The area has several 2BHK multi-storied and builder apartments with built-up area in the range of 850-1,100 sq. ft. The approximate budget of a 2BHK apartment here is about Rs 30-45 lakh.
Koradi Road
Koradi Road is an arterial road in Nagpur. It connects a few fast growing areas to the Nagpur Ring Road, Katol Road and other localities. As such, Koradi Road stretch is witnessing a good number of residential projects. The stretch is a part of NH 69. The highway has several bus stops where there are regular Star buses plying between different areas. The Nagpur railway station is at a distance of about 6 km while the airport is at a distance of about 11 km. Koradi Road has all the basic social amenities. The Nagpur Division Sports Complex is situated on this road. There is an electrical sub-station as well as a couple of overhead tanks nearby.
Koradi Road attracts housing projects primarily due to the connectivity it offers. There are several 2BHK apartment units available in the area with built-up area of 850-1,250 sq. ft. The approximate cost of an apartment unit is Rs 30-50 lakh. Some of the noted developers here include Suraj Builders & Land Developers and Ramnath Developers.
Manewada Square
Manewada Square is situated on the Nagpur Ring Road and close to Manewada. The ring road provides excellent connectivity to Manewada and other areas in Nagpur. The area is also close to Wardha Road. The Nagpur airport is at a distance of less than 6 km from the area whereas MIHAN is about less than 12 km from the area. There are several bus stops around the area on the ring road as well as Manewada road, providing the area good accessibility. Social amenities include schools and colleges, hospitals, banks and shopping plazas. There are also several playgrounds, parks as well as a Sakkardara Lake in its proximity.
All these have attracted several project launches in and around Manewada Square. The locality proves a very good prospect for investors. There are several 2BHK apartment units available with a built-up area of 1,050-1,300 sq. ft. One may buy a 2BHK apartment unit in the area within a budget of Rs 30-50 lakh. Some of the popular builders in the area include Kolbaswami Builders, Concrete Developers and Shree Developers. Most of the housing projects currently in the area are from Kolbaswami Builders.
