Tuesday, 23 September 2014

NRI Investments In India’s Commercial Realty - PatniProperties



Nagpur is the Next destination for NRIs Commercial Investment


NRI Investments In India’s Commercial Realty - PatniProperties
NRI Investments In India’s Commercial Realty - PatniProperties

It is the NRIs who is driving the realty market in Nagpur, with 20 to 25% of bookings in the city originating from the overseas market. Real estate agents of Nagpur are aggressively marketing Nagpur properties to NRI investors across the globe. The rising demand for land for development use in Nagpur by NRIs is spilling over to agricultural and non-agricultural plots on the fringes of the city.

As in Mumbai, defunct textile mills are throwing up opportunities to builders in Nagpur. While the Maharashtra Airport Development Authority (MADC) is offering acres at reasonable prices, property prices in Nagpur's upcoming commercial zones along NH 7 have touched figures of Rs.2 crore per acre. Commercial space of 0.8 million sq. Ft has already been created here.

Commercial land near Butibori, Katol road, Hingana road, Amravati Road are being challenged by IT companies, developers and Constructors. Shopping malls, multiplexes, resort and industries in Nagpur are getting popular as the city gets more consumerist currently 1.8 million sq. Ft of mall space has been created.

Commercial and industrial growth is taking place in the vicinity of the Butiburi industrial estate towards Hingna, as the older localities of Nagpur have no land to spare for any expansion.

NRI Investments In India’s Commercial Realty - PatniProperties
NRI Investments In India’s Commercial Realty - PatniProperties

IT and heavy industry are growing at a fast pace to push Nagpur to 2nd highest rank in Knight Frank's list of emerging cities. Service and industry have created enormous employment opportunities, pushing demand for residential and commercial property. Consequently, the city is pulling at the seams, creating new townships and colonies in the northeast, northwest and southern ends of Nagpur.

Of about five lakh properties in Nagpur, 70,000 of these are commercial. Property prices in Nagpur shot up to an astounding 500%, driven not just by IT and MIHAN, but by a host of NRI investors. NRIs studying the Indian property market have found real estate in Nagpur the most promising amongst emerging cities. The city created employment for almost a lack of people over the last 2 years.

Real Estate Agents in Nagpur are aggressively marketing Nagpur properties to NRI investors across the globe. The rising demand for residential property in Nagpur by NRIs is spilling over to agricultural and non-agricultural plots on the fringes of the city.
Posted by at
Labels: , , , , , , , ,

33 comments:

  1. Unknown3 November 2014 at 04:26

    Your posting are helpful for buyer/investor of actual realty market.Supertech Golf Village Noida

    ReplyDelete
  2. Unknown19 November 2014 at 01:34

    Call: @ 9818531133 Ansal Centre Walk Gurgaon sec 103Ansal Centre Walk is a commercial zone for offices retail shops that includes well planned offices and lifestyle outlets for business.

    ReplyDelete
  3. Unknown5 December 2014 at 23:30

    In any business, it is very important to stay updated with market information. Know more about best IT park in India you can contact us.

    ReplyDelete
  4. Helpline number - Payment Related Enquiry29 January 2015 at 22:12

    Bookings open in Elan Mercado Gurgaon, Studio Apartment/Food court/Retail shops in Sector-80 Gurgaon.Call me @9650019588 from Kalra Realtors.

    ReplyDelete
  5. Unknown3 March 2015 at 00:28

    Awesome post you have share with us thanks, Paarth NU Lucknow is awesome project in Gomti Nagar at affordable price.

    ReplyDelete
  6. Unknown12 March 2015 at 06:21

    Great information shared. If you are a new organization with a small group of people and having to buy a large location then contact us. We have a wide office space for rent.

    ReplyDelete
  7. Unknown14 March 2015 at 02:23

    Anantraj Commercial Sector 63a Gurgaon is a new upcoming commercial project offered by Anant Raj offering commercial spaces, offices & retails.for more call: 9818697444/9818697478

    ReplyDelete
  8. Helpline number - Payment Related Enquiry20 March 2015 at 00:03

    Capital City Scape Call @ +91-9650019588 offers Retail Shops, Food court, ATM Space, Restaurants in Gurgaon Sector 66 on golf course extension road.

    ReplyDelete
  9. Unknown22 March 2015 at 23:50

    Ambience creacions new residential project
    Ambience creacions sector 22 project gurgaon. Ambience has established an Ultra-Luxury built-up project in Sector - 22Call: 9818697444/9818697478

    ReplyDelete
  10. Unknown20 April 2015 at 01:25

    Dlf Crest Gurgaon RatesThe project is hosting six residential towers offering 4 bedroom and 5 bedroom apartments with their size ranging from 3081 square feet and stretching up to 6221 square feet. Call @ 9873471133/9650019588

    ReplyDelete
  11. Realty World Infratech1 June 2015 at 02:41

    Thanks for sharing awesome information about real estate projects. I also want to share a new commercial project ABC Noida

    ReplyDelete
  12. Helpline number - Payment Related Enquiry24 June 2015 at 22:35

    Get Best Deal Capital CityScape is a Retail & Commercial project located at Sector- 66 Gurgaon. For booking and more details please call us at +91-9650019588 Kalra Realtors.

    ReplyDelete
  13. Gujarat Real Estate5 July 2015 at 05:57

    I read your blog and really nice information thanks for sharing.

    Pre Leased property in Ahmedabad | Commercial Property in Ahmedabad | Residential Property in Ahmedabad | Property in Ahmedabad

    ReplyDelete
  14. Anonymous28 July 2015 at 04:08

    Thanks for sharing awesome information about commercial project. I also want to share a new commercial project Name World Trade Center Noida

    ReplyDelete
  15. Anonymous28 July 2015 at 04:08

    Thanks for sharing awesome information about commercial project. I also want to share a new commercial project Name WTC Noida

    ReplyDelete
  16. Unknown19 August 2015 at 00:52

    This comment has been removed by the author.

    ReplyDelete
  17. Realty World Infratech1 September 2015 at 04:07

    Thanks for sharing awesome information about real estate. Our Experts team helps to find office space for lease in noida at affordable price

    ReplyDelete
  18. Residential Experts Team2 September 2015 at 03:29

    Thanks for sharing awesome information about real estate. I want to share about Smart City L zone

    ReplyDelete
  19. Unknown11 September 2015 at 04:17

    Great content. I strongly believe content should be genuine. Your information is very nice. I have related information residential properties in Ahmedabed it is very useful to us
    Commercial Property in Ahmedabad | Real Estate in Ahmedabad

    ReplyDelete
  20. Residential Experts Team15 September 2015 at 01:48

    thanks for the sharing such a good thing about real estate i want share about delhi smart city project Colors Housing Society

    ReplyDelete
  21. Residential Experts Team19 October 2015 at 03:23

    Thanks for sharing awesome information. I also want to share some information colors housing society offers 2/3/4 bhk apartment in l zone just only 33250/Sq.Ft.

    ReplyDelete
  22. Unknown11 March 2016 at 00:48

    This comment has been removed by the author.

    ReplyDelete
  23. Unknown2 April 2016 at 02:44

    Find Commercial Real Estate Property. get details of Farm lands and Lands property, Incredible Lands is the leading Real Estate Company in Dwarka.
    kamp developers projects

    ReplyDelete
  24. Unknown2 April 2016 at 03:17

    Your blog critical that we know how we can effectively run our business as well by creating a system towards our Investments in Real Property.
    Master Plan Delhi 2021

    ReplyDelete
  25. Unknown2 April 2016 at 04:00

    If you are indeed planning to buy a new home for your own use you will have to take care of various things which are not only very important to know but also if you ignore all these things you will likely to be in harm somewhere in the almost biggest deal of your life.
    Royal Homes Delhi Heights

    ReplyDelete
  26. Unknown18 June 2016 at 04:59

    Thank you so much for sharing this, really like it. Visit KAMP Developers http://kampdevelopers.com/

    ReplyDelete
  27. Anonymous25 October 2016 at 05:00

    Thanks for sharing awesome information about real estate projects. Godrej properties launched godrej golf links greater noida offers various sizes 3/4/5 BHK villas with all ultra modern facilities according to your need.

    ReplyDelete
  28. R S Group19 March 2017 at 04:07

    B00KinG @85O6971685 New launch Residential Plot Prime View Sector-166,Noida Expressway. The plots are present in 50, 100, 150, 200, 300, 400, 500 SQ. Yards and you can select your preferred plots as your preliminary need. Call Eight five zero six nine seven one six eight five. The plots price is 20,000 per sq yd. Its negotiable. • Metro Station coming across the road in Sector-143 & 144.

    ReplyDelete
  29. Realty World Infratech27 April 2017 at 04:47

    Thanks for sharing awesome information about real estate projects. Central Park Cerise Suites Gurgaon is an upcoming residential projects on sohna road gurgaon launched 2BHK+Study with all facilities.

    ReplyDelete
  30. Realty World Infratech29 May 2018 at 04:11

    Your blog is really helpful for us .In the real estate sector I have
    one more project in resdential property project. Godrej solitaire noida launched by godrej properties and offers 3bhk and 4bhk flats with all lifestyle facilities.

    ReplyDelete
  31. Gameyan31 May 2018 at 22:54

    It was exceptionally helpful for me. Continue sharing such thoughts later on also. This was really what I was searching for and I am happy to come here!


    Visit architectural design studio!

    ReplyDelete
  32. Spectrumatmetro19 May 2019 at 00:42

    Informative blog Post.
    Such all are information is good related commercial property.
    Thanks for sharing with us.
    Buy commercial food court in Spectrum Metro sector 75 noida
    spectrum metro Food Court

    ReplyDelete
  33. Vishant Chauhan19 May 2019 at 03:01

    Creative blog Post.
    Really this blog is very helpful for commercial property in noida.
    Thanks for sharing with us.
    Buy commercial in Spectrum Metro sector 75 noida
    Zaveri Bazaar Sector 75 Noida

    ReplyDelete

Subscribe to: Post Comments (Atom)