Realty boom! Why invest in Nagpur, a non-metropolitan city rather than metropolitan cities?

Real estate is definitely a future stream of income but when invested in the right destination. Many big cities such as Bangalore, Delhi, etc. in India have been attracting investors since 2013; however, today, most of the real estate investors stay away from the cities with soaring prices and are investing in non-metropolitan cities. 

Although, you get all that you want at your doorstep, the metropolitan cities have their own cons. In recent times, the real estate possession prices has taken a set back, high cost of living, etc. which is why investors are looking for alternate options that give them a higher return of investment. While various tier two cities are on the rise and are doing well, ‘the orange city of India,” Nagpur, is believed to be one of a promising city for investment due to its blend of nature & industrialisation. 

Nagpur, Maharashtra’s second capital is a sprawling hub for heavy to medium industry and other private sectors. Located on the zero milestone, with IT sectors, abundant land at affordable rates and relaxed lifestyle, makes this location the most preferred one, especially for commercial purposes. Today, the property developers are gearing up to meet the growing need for commercial spaces and the real estate in Nagpur is pulsating with brisk construction and buying activities, surpassing projections by real estate analysts. Factors that contribute to the growth of real estate in this destination are: 

1. Industrial hub – Nagpur is a hub for more than 22,000 Micro, Small and Medium Enterprises (MSME) industries. The western region of Nagpur has thousands of leading industrial units such as Hyundai Unitech, Gammon India, Vicco, Haldirams, and many more which has benefitted the commercial real estate sector. 
2. Infrastructure booster – Nagpur is the next IT hub, with TCS and Infosys setting up their campuses in Multimodal International Hub Airport (MIHAN) region. MIHAN will cater as a cargo hub, with non-polluting industries, and getting a stupendous infrastructure boost via indirect & direct employment. The state government has also launched Communication Super Expressway project which joins Nagpur with Mumbai. The proposal to set up premier educational institutions will further increase the demand for quality infrastructure.
3. Transportation –  Nagpur, a well-developed city consists of all kinds of commute through airways, roadways, and railways. In addition, this city has metro running along 11(currently) stations making it easier to commute on a daily basis. 

Nagpur is expanding from its North-east, North-West and Southern regions. With leading IT firms, Government and management sectors, the real estate industry will grow at an exponential rate.