Q: Hi, what is happening with Mihan project? Is it still under progress? What is the status of the IT park having the big companies like Wipro, TCS, HCL ETC. What are the gud projects to invest?
You have not mentioned your location of interest but there are some very good projects going on in Trans Gomti areas like Gomtinagar and Jankipuram. If you are seeking to invest with a long term view, the Urban Village Apartments at Hardoi road and Eldeco Eternia on sitapur road are two good investment opportunities.
I am assuming that you are interested more in commercial property. Mihan and South Nagpur are good investment options although think long term. Yes Mihan project is very much in progress although the development has been rather slow. The property prices around Mihan boomed initially now seems a bit stagnant. But nothing to worry, it offers a good value for money if you are seeking to invest in a long term. For residential properties, Empress City and capital city located in East Nagpur and Sahara city located in South Nagpur are good options although a little far from the main city center.
Mihan Project has been the fulcrum for boosting realty prices in Nagpur. Prices near the project now reaches almost 4 crore per acre. The flagship Mohan project was supposed to be the center of attraction in Nagpur, but progressing in a sluggish pace. So do make your decision fast.
Yes. Nagpur is really worth investing. Nagpur is expecting lot of developments soon. SEZ and IT Parks have shown some promise, some IT majors like Wipro coming on board inking a MoU for 23 acres, development of the much awaited airport project of the Maharashtra Airport Development Company and many more.