Mahalaxmi Nagar 1

By: Mahalaxmi Developers in Wardha Road

Discover the Promise of Luxury Living in Wardha Road, Nagpur.

Mahalaxmi Nagar 1, a landmark project by Mahalaxmi Developers Nagpur, brings to life premium residential plots in Wardha Road. Spread across 4.00 acres, this gated community offers luxury amenities and well-designed spaces to cater to every aspect of your contemporary lifestyle.

This location is ideal for those looking to invest in Nagpur real estate, with easy access to top schools, colleges, hospitals, and recreational areas.

Key Features : .

Plot Sizes: Starting from 1370 sq ft.

Total Area: 4.00 acres.

Location: Wardha Road, Nagpur.

Legal & Bank Approvals: All Leading Banks.

Situated on the National Highway 7, Wardha Road, located within the city of Nagpur, is an important and upcoming locality witnessing steady and headfast growth. This locality owes its development to corridors such as the Multi-modal International Cargo Hub and Airport (MIHAN), and the ever-buzzing Laxmi Nagar.

The commercial importance of this road has led to the development of civic and social infrastructure within this area, bringing with it an influx of investors and land developers, leading to a boom in real estate in surrounding areas, as well.

The presence of IT parks and industries around the area has stirred up the need for suitable accommodation for the young working professional. Large gated communities offering one, two, and three BHKs are in high demand especially amongst bachelors.

To cater to the needs of the ever increasing population, a wide array of amenities, such as eateries, banks and ATMs, departmental stores, and shopping arcades have sprung up around this area.

This locality houses a number of educational institutions and medical centres within its belt, including Centre Point School, Sandipani School, Morris College, Advanced Dental Hospital, Lata Mangeshkar Hospital, and Mure Memorial Hospital.

Connectivity and Transit Points

Due to Wardha Road’s location in Central Nagpur, this area enjoys great connectivity by road and rail. The Nagpur Railway Station lies 7.3 km away from Wardha Road, and is easily accessible via auto-rickshaws. This railway station is the major station of the city, taking travellers to major cities such as Mumbai, Delhi, Kolkata, and Chennai.

Maharashtra State Road Transport Corporation (MSRTC) buses offer cheaper alternatives for intercity and interstate travel, and can be accessed from either the Nagpur Bus Sthanak at Ganeshpeth or MorBhavan at Jhansi Rani Square. These buses take commuters to Bhopal, Raipur, Jaipur, Pune, and Mumbai.

The local city buses, run by the Vansh Nimay Infraprojects (VNIL), frequent the Morris College Bus Stop, taking commuters to other localities within the city.

The Dr. Babasaheb Ambedkar International Airport located a little off Wardha Road, is hardly 2.4 km away, and can easily be accessed via autos, or taxicabs.

Wardha road in itself boasts of great connectivity, connecting adjacent localities to the likes of Ring Road, N. Ambazari Road (an important highway within Nagpur), and Amravati Road. This road also provides direct commute to MIHAN-SEZ, an important business centre within the city.

Major Landmarks

Balaji Temple

Jamtha Cricket Stadium

Sahara City

MIHAN

Factors for Growth in the Past

The road was established as a support to the booming MIHAN business sector. The MIHAN project is the biggest economical development project currently underway in India. It has been described as a Special Economic Zone (SEZ), and this has been a driving factor in the growth of Wardha Road, which falls under the constituency of the SEZ.

The focus on the growth of residential projects in this area has led to the development of civic and social infrastructure, making this locality a major hotspot in terms of real estate.

Residential & Commercial Market

The dominant property types in this area are both sprawling bungalows as well as multi-storey residential complexes.

The current sales trends for multi-storey apartments in Wardha Road fall within the range of Rs 3,370 to Rs 3,820 per sq. ft., and for builder apartments Rs 1,827 to Rs 1, 970 per sq. ft. additionally, sale prices for residential houses in Wardha Road range between Rs 23,020 to Rs 24,180 per sq. ft. To rent or lease an apartment would cost the house-seeker between Rs 12 to Rs 16 per sq. ft.

Current trends for commercial space falls within the bracket of Rs 20,000 to Rs 2,00,000 per month, largely depending on the size and area of the office space.

Major Challenges

The residents of this area need to pay particular attention while travelling on the main roads. Faulty signals and speeding motorists have led to innumerable accidents and major injuries. Traffic congestion is also a major issue in the locality. The occasional chain-snatching and petty thefts have been brought to notice, as well.

Factors for Growth in the Future

The blossoming of the coveted MIHAN SEZ project is contributing to this area’s infrastructural growth. The recently announced Nagpur Metro Rail project, proposed to connect various parts of the city to MIHAN and the Airport, will prove instrumental to the development of this region.

Furthermore, new projects promising affordable prices, premium facilities, improving connectivity, and excellent infrastructure are fuelling the rise in the number of residential projects and appreciation in property value.