Which are the top 3 locations in Nagpur presently having the maximum demand for rental residential accommodation.

Q: Which are the top 3 locations in Nagpur presently having the maximum demand for rental residential accommodation.

Ashish,

1st June 2015

Rentals in Nagpur

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Hi, Dhantoli is one of the most exclusive residential areas in Nagpur.Anyone get a good return of investment in this localities. This locality is known for the home to several business tycoons, corporate high rollers, professionals and artists.

Padma G, Mumbai

4th June 2015

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Thank you for your valuable inputs.

Ashish,

4th June 2015

Hi, I am residential of Nagpur and I like Sardar area. Famous locations in Sadar include NIT Building, Karachiwala Mall, Kasturchand Park, Anjuman Engineering College complex, Government Polytechnic, Mangalwari Bazar and Dinshaws. Hotel Tuli and Hotel Pride some of the prominent hotels present in this area.

Bikram, Mumbai

3rd June 2015

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Thank you very much for your guidance. It's a well thought through response.

Ashish,

3rd June 2015

Yes rajiv, I thinks you are right, Sitabuldii market in Central Nagpur, known as the Heart of the city and the Civil Lines houses most of the government offices and premium residences in Nagpur including the Bombay High Court bench and the Vidhan Bhavan. The area is noted for its greenery, roads and cleanliness and its upscale residential properties.

Neeraj Rao,

2nd June 2015

Comment

Very interesting insights. Thanks for your valuable inputs.

Ashish,

3rd June 2015

HI Ashish, The residential market of Nagpur is dominated by end-users. Investors are present in the MIHAN township, but most of these investors are from outside of Nagpur, as the integrated township concept has not caught up with the residents of the city. The city also has a small NRI investor base, with most of the participants plowing capital market profits into the real estate markets.

Surinder,

2nd June 2015

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Hi Surinder, Appreciate your response, but I think the rental market is maximum in Central Nagpur. The area Sitabuldi, Civil Lines and Sadar are getting max rental value for 2 BHK flat. Sitabuldi is the main commercial part of the city. It contains numerous shops of all sizes and the largest wholesale vegetable market in Nagpur.

Rajiv,

2nd June 2015