In India, the real estate scenario has undergone many alterations in the past few decades. In fact, the growth of metro cities, has reached, or is at least, uniformly making progress towards a saturation point. Because the prices in metro and tier I cities have elevated and with this the return potential has diminish gradually.
Surprisingly, the prices in these cities have raised to a level where majority of retail investors can't even reach. Hence, many individual investors are out of race. When this is the overall scenario, investors have shifted their focus to tier 2 and tier 3 cities as it caters great opportunities. These cities, despite low public investment, have harbored successes in both commercial and residential sectors.
In this respect, Nagpur brags a large amount of real estate investors from all round. It is the second capital of Maharashtra and is rapidly developing as central India's Metro city. According to a recent research, developments in the recent years bear a testimony to the emergence of Nagpur on India's investment horizon. Urban infrastructure development, residential and commercial investment property prospects have changed the view towards the real estate New Age India!
Let's take a look at the most prominent real estate opportunity in Nagpur:
# Ambrosia Farm houses is not only among the biggest Nagpur real estate projects but also Central India's biggest real estate development by Vatsalya Group. The mega project of Ambrosia farm house in Nagpur is the ultimate choice for luxury living in an appealing tranquil location.. The breathtaking community spreads over 205 acres, is just few minutes drive from Nagpur. This real estate Nagpur project provides elegant farm villa types comprising Essence, Aroma and Fragrance.
On the other hand, the urge for property by immigrants and business class is rising high. Consequently, the price of properties in Nagpur is reaching new heights. To boot, NRIs are showing interest in real estate of Nagpur as it is emerging one of the most money making tier II cities in India. Their buying rate is high and this becomes the ideal opportunity for real estate developers to cash upon. In turn, builders and realtors are looking forward to tap a wider base of NRIs. The investment opportunities in Nagpur is hot with prices elevating above the roof, making both the builders and real estate agents happy with this freakish rise. Nagpur caters a variety options and NRIs can look to invest in the above mentioned areas and avenues in Nagpur to avail multiple perks. Nagpur was once a sleeping city, and now on a highly progressive path in real estate sector.
Among the renowned tier 2 or tier 3 metropolitan areas like Indore, Chandigarh, Kolkata, Nagpur lead in investment opportunities as surveyed from some of the top advisors of India. Thus, investors with a perspective of long term can invest in Nagpur to gain from capital appreciation in future.
© Copyright by Vatsalya Ambrosia 2015