Prosperity in 36 Villages Across 4 Tehsils
The Development Corridor Road Project, which will connect major highways and boost regional infrastructure, is set to bring prosperity to nearly three dozen villages in Nagpur district.
Villages from Nagpur rural areas, including Umred, Kuhi, and Mouda, will be included in this development initiative. The project will strengthen connectivity between Nagpur and surrounding tehsils, promoting economic growth and better accessibility.
Villages to Benefit
Several villages under Umred, Kuhi, and Mouda tehsils will see direct benefits from this corridor project. The improved connectivity and development are expected to uplift living News & Events standards and bring long-term prosperity to these regions.
Nagpur to Become an International City in 5 Years
On the occasion of Maharashtra State Formation Day, Guardian Minister Chandrashekhar Bawankule announced that Nagpur is set to transform into an International City within the next five years.
He highlighted that with the support of the state government and various departments, Nagpur will see major progress in:
- Infrastructure development
- Agriculture and irrigation
- Youth and women empowerment
- Industrial growth
- Healthcare and education
- Tourism and cultural projects
- Economic opportunities
The vision is to position Nagpur as a leading hub with world-class facilities, attracting investments and creating opportunities for all News & Events sections of society.
Housing Prices Surge by Up to 29% in India
According to a report by Anarock Property Consultants, housing prices across major Indian cities have witnessed a sharp rise of up to 29% in the July–September 2024 quarter compared to last year.
- Delhi-NCR & Bengaluru: Saw the highest jump of 29%, with average prices reaching ₹7,200 per sq. ft and ₹8,100 per sq. ft respectively.
- Hyderabad: Prices rose by 32%, touching ₹11,400 per sq. ft — the steepest increase among all cities.
- Mumbai Metropolitan Region: Prices climbed 24% to ₹15,570 per sq. ft.
- Pune: Witnessed a 24% rise, reaching ₹7,670 per sq. ft.
- Kolkata: Prices grew by 14%, now averaging ₹5,700 per sq. ft.
- Chennai: Up by 16% to ₹6,500 per sq. ft.
- Ahmedabad: Increased by 19%, with average rates at ₹5,000 per sq. ft.
Key Takeaway
The Indian housing market is booming, with prices hitting record highs in almost all major metros. For buyers, this means higher investments, while for developers and sellers, demand remains strong despite rising costs.
Vidarbha on the Path of Prosperity: ₹50,000 Crore Projects to Boost Growth
The Maharashtra government has announced a series of major development projects worth ₹50,000 crore that will transform every district of Vidarbha into a hub of opportunities.more News & Events stay with us
- Nagpur: Mega projects of ₹50,000 crore are set to take shape, strengthening its position as a central growth engine.
- Amravati: A Textile & PM Mitra Park will be established, creating large-scale industrial and employment opportunities.
- Gadchiroli: A steel project will be launched, boosting production and local development with a 30% increase in steel output.
- Air Connectivity: Airports will get upgrades to enhance regional and national connectivity.
Takeaway
With massive investments in textiles, steel, IT, tourism, and infrastructure, Vidarbha is set to witness historic economic growth. These projects will not only bring prosperity to Nagpur, Amravati, Gadchiroli, and other districts but also make Vidarbha a key contributor to Maharashtra’s industrial and employment landscape.
Nagpur’s Future as a Hi-Tech New City Takes Shape
Nagpur is set to transform into a Hi-Tech Business District with a mega development plan worth ₹6,400 crore, positioning it as one of India’s most advanced smart cities.
- Land Development: A massive 692.06 hectares of land will be developed under this project.
- Smart Corporate City: Nagpur aims to emerge as a world-class corporate and knowledge hub, focusing on IT, education, healthcare, and research.
- Educational Institutions: More than 275 prestigious institutions will be part of the city’s ecosystem.
- High-End Service Sector: The new city will host IT giants, biotech companies, and advanced industries, creating huge job opportunities for youth.
Takeaway
This mega project will place Nagpur among the leading corporate and technology-driven cities of India, bringing world-class infrastructure, employment, and sustainable urban development to the Orange City.
Major Urban Development: NMRDA Gets ₹268 Crore Sanction for STPs and 500 km Sewerage Network
The Maharashtra State Cabinet has given its approval, a “Green Signal” (हरी झंडी), to a major urban infrastructure project for the Nagpur Metropolitan Region Development Authority (NMRDA). This project, costing ₹268.84 crore, is focused on creating a robust sewage management system for the region.
- Project Approval: The State Cabinet approved ₹268.84 crore for the construction of Sewage Treatment Plants (STPs) and an associated network.
- Infrastructure: The project includes building 4 Sewage Treatment Plants (STPs) and one pump house.
- Sewerage Network: A vast 500-kilometer sewerage network will be laid as part of the scheme.
- Beneficiaries: The scheme is set to benefit 25 villages in the Nagpur Metropolitan Region, primarily located in the South and East sectors of the NMRDA area.
A new era of digital governance has begun for the Department of Land Records in Maharashtra.
The State Revenue Minister, Shri Chandrashekhar Bawankule, on Friday inaugurated online services for Land Certification (भूमि प्रमाणन) via the Land Records Department. This initiative is a major step towards making all land record services accessible to citizens online across various district offices in the state.
- Easy Access to Documents: Citizens will now be able to apply for land survey applications, correction applications, and succession applications (उत्तराधिकार आवेदन) online.
- Property Card Access: The process of obtaining the Property Card (संपत्ति प्रमाणपत्र) will also be simplified.
- Faster Mutations: Procedures related to 7/12 (Satbara) and Ferfar (Mutation/Transfer) will be processed and issued more easily and quickly.
Nagpur Real Estate Growth
The Orange City, Nagpur, is emerging as the undisputed leader among India’s Tier-2 cities in the real estate sector, a trend fueled by massive infrastructure projects and a strategic central location. The city is outpacing others like Jaipur and Lucknow in terms of real estate growth and investment potential.
- Top Tier-2 City: Nagpur is ranked as the leading Tier-2 city in India for real estate growth and investment potential.
- Growth Driver: The Samruddhi Mahamarg (Mumbai-Nagpur Expressway) is the primary catalyst for this boom.
- Investment Highlight: Land prices in the Samruddhi Circle micro-market have seen massive appreciation.
- Projected Returns: Expected return of up to 5.2 times (5.2X) by 2035 for investments along the expressway corridors.
- Key Hubs: Growth is concentrated around areas like the Samruddhi Circle and the MIHAN project.
The city’s growth is largely attributed to its strategic location, affordable property prices compared to major metros, and its development as a major logistics and industrial hub, particularly with the MIHAN (Multi-modal International Cargo Hub and Airport at Nagpur) project.
The ₹13,748 Crore 'Golden Arch' Third Ring Road Project
The Nagpur Metropolitan Region Development Authority (NMRDA) has approved an ambitious project for the city’s third and outermost ring road, which is being developed as the ‘Golden Arch’ Highway. This mega-corridor is designed to revolutionize the city’s logistics and transport system by rerouting heavy traffic away from the main city and connecting major national highways, positioning Nagpur as a central economic and transport hub for the country.
- Total Project Cost: The entire project is estimated to cost ₹13,748 Crore.
- Project Name: It is being developed as the 'Golden Arch' Highway.
- Connectivity: The ring road will serve as a central hub, directly connecting Nagpur to major national highways, including NH-53, NH-44, NH-47, and NH-347
- Purpose: The primary goals are to ease traffic bottlenecks in Nagpur city and accelerate industrial, technological, and logistics growth across the entire region.
- Scope: The project involves land acquisition across 99 villages in nine tehsils (talukas) of the Nagpur Metropolitan Region.
MSME Investment Strengthens MIHAN
MIHAN-SEZ (Multi-modal International Cargo Hub and Airport at Nagpur – Special Economic Zone) is receiving a major boost from new investments across diverse sectors, specifically IT, ITES, Data Centers, and Pharmaceutical manufacturing. This flow of MSME (Micro, Small, and Medium Enterprises) investment is strengthening MIHAN’s position as a developing IT hub for the Vidarbha region.
- New Investments: Six new companies have invested in MIHAN-SEZ.
- Facility Usage: Perla IT Pvt. Ltd. has leased 4,000 sq. ft. of built-up office space in the Central Facility Building (CFB).
- Vision: The influx of investments, particularly from MSMEs, reflects the region’s increasing appeal and is helping to shape MIHAN into the IT hub of Vidarbha.
New Nagpur' International Business and Finance Centre
The Maharashtra government, through the Nagpur Metropolitan Region Development Authority (NMRDA), has partnered with the Central PSU NBCC (India) Limited and secured funding from HUDCO to develop ‘Naveen Nagpur’ (New Nagpur). This project aims to establish a world-class International Business and Finance Centre (IBFC), similar to Mumbai’s BKC or Gujarat’s GIFT City, to transform Nagpur into a major global commercial and financial hub.
- Developed on a "plug-and-play" model with pre-approved regulatory clearances.
- Features include integrated underground utility tunnels, a district cooling system, and automated waste collection.
- Will promote startups, MSMEs, IT companies, and corporate offices.
- Employment: Expected to generate over 5 lakh jobs.
- Timeline: The project will be executed in three phases over 15 years.
Funding: HUDCO (Housing and Urban Development Corporation Ltd) will provide the loan of ₹6,500 Crore, backed by a state government guarantee.
Maharashtra Shaktipeeth Expressway a major infrastructure project in the state.
The project has faced strong opposition from farmers and villagers, particularly in districts like Kolhapur, who are concerned about the acquisition of fertile agricultural land.
- Name: Maharashtra Shaktipeeth Expressway (or Shaktipeeth Mahamarg).
- Implementing Agency: The project will be implemented by the Maharashtra State Road Development Corporation (MSRDC).
- Purpose: The main goal is to connect major pilgrimage sites (Shaktipeeths and Jyotirlingas) and develop rural areas through tourism and enhanced connectivity.
Buying a Home in Nagpur Just Got Costlier: Ready Reckoner Rates See Significant Hike After Three Years
Homebuyers and property owners in Nagpur should note a major change in the real estate landscape: the Maharashtra government has significantly revised the Ready Reckoner (RR) Rates for the region after a gap of three years, making property transactions more expensive. This revision is effective from April 1, 2025.
- Higher property valuation.
- Increased Stamp Duty and Registration Fees, as these are calculated on the higher of the RR rate or the actual market value of the property.
- A rise in the overall cost of homeownership.
Historic Real Estate Professionals’ Meet to Be Held in Nagpur on 9th May 2025
In a landmark move for the real estate sector, a major open discussion meeting is being organized by the Bhartiya Real Estate Agent & Consultant Union on 9th May 2025 at Vivek Hindi School, Sitabuldi, Nagpur. The event will begin at 6 PM and aims to bring together agents, consultants, brokers, builders, and developers under one roof.
- Demand for official guidelines and commission guarantees for agents.
- Discussions on preventing fraud and enhancing legal protection.
- Emphasis on certifications, dignity, rights, and safety of agents.
- Launch of the "Agent Awareness Program" and focus on affordable housing collaboration.
With a goal to build unity and uplift the real estate profession, the event will serve not only as a discussion platform but also as a step towards forming strong, organized representation in the sector.
All responsible professionals in real estate are invited to attend and contribute to shaping a better, more secure future for the industry.
Green Signal for Nagpur’s Third Ring Road – A Transformational Project in the Making
In a major infrastructure boost, the Third Ring Road project around Nagpur has received the go-ahead. The Maharashtra State Road Development Corporation (MSRDC) will oversee this ambitious development that is expected to positively impact 36 villages across 6 talukas.
- Faster access to major highways
- Boost to rural development and logistics hubs.
- Decongestion of inner city roads
- Strategic link for Nagpur's metro region growth
- Improved trade and transport across Vidarbha
A significant portion of the development is planned in Parshivni taluka, where a modern transport hub is also proposed.
This is not just a road—it’s a future-ready corridor for economic growth, logistics, and urban expansion. Nagpur is set to become a model for smart infrastructure planning in Maharashtra.
