Shree Laxmi 1

By: Shree Laxmi Venture Pvt. Ltd. in Manish Nagar

Set in 0.07 acres in the fast developing Nagpur, just off Manish Nagar , Shree Laxmi 1 is located close to major schools, colleges, hospitals and shopping malls, ensuring that your daily life is convenient and hassle free. Not just that, the development is within immediate reach of major transport hubs besides being eminently accessible from all parts of the city via expressways and arterial roads. Fully equipped with all that you need to keep you and your family entertained, such as 24Hrs Water Supply, 24Hrs Backup Electricity, CCTV Cameras and Lift, Shree Laxmi 1 is the house just meant only for you. These finely planned and brilliantly laid out Apartments is available in a range of sizes and configurations. 2 BHK bedroom Apartments are available to choose from,based on your needs. This Residential layout is a dream project of Shree Laxmi Venture Pvt. Ltd., a well known name in construction business. Currently Shree Laxmi 1 is completed and is sold to occupy.

Location Advantages: Shree Laxmi 1 is strategically located with close proximity to all civic amenities such as schools, colleges, hospitals, shopping malls, grocery stores, restaurants, recreational centres etc. The complete address of Shree Laxmi 1 is Manish Nagar, Nagpur, Maharashtra, INDIA..

Construction and Availability Status:. Shree Laxmi 1 is completed project.

Units and interiors:. It offers spacious and skillfully designed 2 BHK at very affordable prices. Shree Laxmi 1 comprises of dedicated wardrobe niches in every room, branded bathroom fittings, space efficient kitchen and a large living space. Proper ventilation is there in every corner of the house.

Off Wardha Road in Central Nagpur is the fast developing suburb of Manish Nagar. A posh and quaint locality, it boasts of great infrastructure and adequate civic amenities. Its proximity to the Multi-Modal International Cargo Hub and Airport-Social Economic Zone (MIHAN-SEZ) has proved to be advantageous to the locality’s growth. This area has witnessed an increase in its population over the past couple of years, thanks to the thriving IT and business parks close by. To cater to the needs of these young professionals and businessmen, investors and builders have come together to develop a series of gated communities, with amenities such as swimming pools, gymnasiums, jogging tracks, and supermarkets. Manish Nagar houses reputed educational institutions and medical centres such as New Apolostic English High School, Shree Dada Saheb Dhanvate Nagar School and College, Medipoint Hospital, and Sanjeevani Hospital.

Key Projects in Manish Nagar : 

• Nanis Vedant Platinum

Connectivity and Transit Points

Being strategically located, it is easily accessible from other parts of the city. The Nagpur Railway Station lies 7km away from this area, easily reachable 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. The 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 Behrambaug Bus Stop, taking commuters to other localities within the city. Dr Babasaheb Ambedkar International Airport, located a little off Wardha Road, is hardly 3km away from Manish Nagar, and can easily be accessed via autos, or taxicabs.

Major Landmarks

• MIHAN-SEZ

Factors for Growth in the Past

Manish Nagar’s proximity to the International Airport, Outer Ring Road, and MIHAN-SEZ acted as a catalyst in attracting a myriad of buyers, developers, realtors, investors, and retailers. The focus on the growth of residential projects in Manish Nagar 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 sale trends for multi-storey apartments fall within the range of Rs 3,100-4,600 per sq.ft. Additionally, sales prices for residential houses range between Rs 24,000-27,500 per sq.ft. Rent or leasing an apartment would cost the house-seeker anywhere between Rs 8-9 per sq.ft. Current trends for commercial space are in the range of Rs 20,000 to Rs 2 lakh 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 across the main roads. Faulty signals and speeding motorists have led to innumerable accidents and major injuries. Residents in this area also complain about the traffic caused due to the railway crossing situated nearby. Aside from choked roads and traffic congestion, the residents face typical civic problems such as poor lighting, improper disposal of waste and garbage, water shortage, and fluctuations in electricity. The occasional chain-snatching and petty thefts have been brought to notice as well.

Factors for Growth in the Future

The mushrooming 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 be instrumental to the development of this region. Furthermore, new projects at affordable prices and premium facilities coupled with improving connectivity and infrastructure are fuelling real estate growth in the area.