Investor’s targeting Nagpur as the next Metro City - PatniProperties

Nagpur - Best place for Real Estate Investment Before 2015

The Government of Maharashtra with the co-operation of Government of India is developing the existing Nagpur airport as Multimodal International Passenger and Cargo Hub Airport at Nagpur (MIHAN) Project, Metro Rail and Mono Rail. They are following the consultant’s report for the development of  the airport, Metro Rail and other allied facilities.

This project is supported by the following development. :-

• International Airport
• Metro Rail
• Mono Rail
• Special Economic Zone
• IT Park Health City
• Manufacturing Units
• Captive Power Plant
• Rail Road Terminal
• International School
• Leading IT companies and other industrial and manufacturing companies have already booked the land in MIHAN, SEZ. Some of them are –M/s Satyam Computer Services Ltd, M/s Shapoorji Pallonji & Co., M, L/s & T Infocity, L & T, DLF& Many more. Other companies which have registered their demands for land are Max Aerospace, Go Air, Tata Consulting Services, Patni Computer Systems Ltd. Etc.
  Road and Rail Terminal spread over 400 Acres as a logistical center taking geographical advantages of Nagpur. 

Upcoming Employment and housing potential of Nagpur:-

• Mihan will provide direct employment to 150,000 people and indirectly provide employment to 300,000 people.
• Additionally, the combined employment potential of the various upcoming SEZ’s in the area around BUTIBORI industrial estate will provide employment to another 500,000 people.
• This means, around 4million additional people will migrate and inhabit the surroundings of MIHAN within the next 5-10years.
• This has created a huge demand for real estate, homes, malls, multiplexes etc. Hence this is the right time to go for projects to satisfy this huge demand for housing and infrastructure.

Here are some of the areas already in operation in and around MIHAN:-

• Butibori-MIDC – Butibori MIDC project in Nagpur is the biggest industrial development project in Maharashtra after Mumbai it will give the city a competitive edge in terms of industrial development. With projects in Nagpur like this the city will soon become a world class city.
• SEZ- Special economic zones they are best called and they are initiated with MIHAN to promote trade and business. So the city will be a promising city for all those entrepreneurs who are looking for something big to start. Certainly Projects like these are going to change the scenario for better.
• IT parks- Many sanctioned I-T parks are lined up in upcoming projects in Nagpur. I-T parks are much needed ammo, which can create a boost and fasten up the economic activities.
• Many projects in Nagpur have been the talk of the Nation and the whole country is waiting for those projects to get completed.
• Expansion of Butibori area:-

1. The existing land in Asia biggest industrial area is almost full therefore M.I.D.C is set to acquire another 4000 acres of land towards Hingna.
2. Reliance Energy Ltd. Has acquired 200 acres of land to set up a power plant in the Butibori industrial area.
3. ACC Cement, Voltas, KEC International, Inforama Synthetic India Ltd., Welworth, Morarji Brembana Ltd., Skg Refactors Ltd., these are few prominent industries which are working at present in the Butibori industrial area.

Get more information about Investnemt in Nagpur Visit our site: PatniProperties