NAGPUR OVER VIEW
Nagpur is fast catching up on the real estate map of India to emerge as the tier I city.
Nagpur is witn...
Strategic Location
Nagpur is the geographical centre of India. Nagpur is also equidistant
from all the metros of India. ...
RESIDIENTIAL RENT ANYLISIS
About Wardha Road
Situated on the National Highway 7, Wardha Road, located within the city of Nagpur, is
an important an...
Major Landmarks
● Balaji Temple
● Jamtha Cricket Stadium
● Sahara City
● MIHAN
Factors for Growth in the Past
The ro...
Major Challenges
The residents of this area need to pay particular attention while travelling on the main
roads. Faulty ...
OVER ALL VIEW OF WARDHA ROAD NAGPUR
Average price at Wardha Road
PROPERTY DISTRIBUTION TREND WARDHA NAGPUR
Affordable Homes in Nagpur
Affordable housing is still a preferred medium and huge demand for affordable
houses was witn...
COMERCIAL PROPERTY
COMERCIAL PROPERTY RATES OVER VIEWS
COMERCIAL AVERAGE MONTHLY RENT
PRICE TREND AT WARDHA ROAD NAGPUR 2013-14.
Conclusion
Nagpur's favour is its central location—over 400 international flights
pass daily over its skies, making Nagp...
Expansion of activities in the metropolitan area occur for types of businesses
that are users of airport services, suppli...
PRODUCT AVAILABILITY
RESIDIENTIAL SALE 490 UNITS
COMMERCIAL SALE 86 UNITS
RESIDIENTIAL RENT 26 UNITS
COMMERCIAL RENT 4...
Hotels in Wadha Nagpur
HOTELS CATEGORY
BUDGET HOTELS
BUSINESS HOTELS
HOLIDAY HOTELS
LUXURY HOTELS
Nagpur hotels by star rating
•5 star hote...
Finding Nagpur accommodation
Hotels in nagpur (98) Rs. 500 onwards
Guest houses in Nagpur (8) Rs. 300 onwards
Resorts i...
13 Hotels in Wardha Road Nagpur
Price Range : Rs. 2000 - 6000
The Travotel Suites Rs. 2,604
Radisson Blu Hotel Nagpur R...
Proposed Residential Amenities in the complex
Comfort
Convenience stores
Commercial spaces
Pharmacy
24-hours ultra-mo...
Leisure
Clubhouse
Barbeque area with seating
Library
Pool Table
Card Room
Carom
Nana-Nani Park
Landscape Gardens
...
REPORT
Gift from SUNIL SETH KAKKAD
MOBILE 9820614117
MADE BY
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
Nagpur mihan market survey case study price trend
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Nagpur mihan market survey case study price trend

Sunil Seth Kakkad E-mail: sethkakkad@gmail.com Mobile: +91-9820614117/ +91-9322510025 In quest of senior Managerial positions in profit center management, sales & marketing, business development, business networking with a reputed and growth-oriented organization. Open to assignments overseas. Professional digest • An astute professional with 18 years of experience in sales & marketing, business development, market intelligence and customer relationship management with reputed organizations across industry verticals. • Strong domain experience for the following , • Retail, Residential Commercial, IT Park, lifestyle projects, second home & land acquisition. • experience in local market of Mumbai, Navi Mumbai Indore, Bhopal, Gwalior, chandigarh,panchkulla, mohali, karnal, panipat, kurushetra & Delhi • Highly resourceful in maintaining strong business networking with reputed developers, infrastructure company, ipc, real estate consultants & brand re-tailers with category for business promotion. • An impressive communicator with honed interpersonal, team building, negotiation, presentation, convincing and analytical skills
Published on: Mar 3, 2016
Published in: Real Estate      
Source: www.slideshare.net


Transcripts - Nagpur mihan market survey case study price trend

  • 1. NAGPUR OVER VIEW Nagpur is fast catching up on the real estate map of India to emerge as the tier I city. Nagpur is witness to a sizeable NRI investment in the property market IT and heavy industry are also growing at a parallel pace to push Nagpur to 2nd highest rank in list of emerging cities. Service and industry have created enormous employment opportunities, pushing demand for residential and commercial property.. The periphery of Nagpur, especially in the north-west, north-east and southern fringes is witnessing maximum construction activity. The announcement of the MIHAN (Multi- modal International Hub Airport in Nagpur) project has been one of the key developments in recent times, which is expected to greatly transform the urban structure of the city. The advent of IT industry and flow of FDI investment is booming the realty market of Nagpur. Further, major companies such as General Electric, DLF, Shapoorji Pallonji, Larsen and Toubro, Patni computers, Microsoft, etc; have taken up large parcels of land within the designated SEZ of the cargo hub. This has induced huge demand for both residential and commercial property in the city.
  • 2. Strategic Location Nagpur is the geographical centre of India. Nagpur is also equidistant from all the metros of India. Mumbai-863 kms Delhi-1012 kms Chennai-1083 kms Kolkata-1124 kms Bengaluru-1049 kms Ample forest cover and presence of greenery in the city make the otherwise hot summers bearable.
  • 3. RESIDIENTIAL RENT ANYLISIS
  • 4. About Wardha Road Situated on the National Highway 7, Wardha Road, located within the city of Nagpur, is an important and upcoming locality witnessing steady and headfast growth. This locality owes its development to corridors such as the Multi-modal International Cargo Hub and Airport (MIHAN), and the ever-buzzing Laxmi Nagar. . Property Rates for Wardha Road Wardha Road is one of the prominent localities in Nagpur. The price trends on Wardha Road have been witnessing various ups and downs. The price per sq. ft. was at Rs 3423 per sq. ft. In the Oct-Dec quarter of 2013, the locality price appreciated to Rs 3433 per sq. ft. In the Jan-Mar quarter of 2014, The area enjoys good demand due its proximity to important centers of the city and beyond. The price appreciation of this locality in the future might be very good. Connectivity and Transit Points Due to Wardha Road’s location in Central Nagpur, this area enjoys great connectivity by road and rail. The Nagpur Railway Station lies 7.3 km away from Wardha Road, and is easily accessible via auto-rickshaws. The local city buses, run by the Vansh Nimay Infraprojects (VNIL), frequent the Morris College Bus Stop, taking commuters to other localities within the city. The Dr. Babasaheb Ambedkar International Airport located a little off Wardha Road, is hardly 2.4 km away, and can easily be accessed via autos, or taxicabs.
  • 5. Major Landmarks ● Balaji Temple ● Jamtha Cricket Stadium ● Sahara City ● MIHAN Factors for Growth in the Past The road was established as a support to the booming MIHAN business sector. The MIHAN project is the biggest economical development project currently underway in India. It has been described as a Special Economic Zone (SEZ), and this has been a driving factor in the growth of Wardha Road, which falls under the constituency of the SEZ. The focus on the growth of residential projects in this area has led to the development of civic and social infrastructure, making this locality a major hotspot in terms of real estate. Residential & Commercial Market The dominant property types in this area are both sprawling bungalows as well as multi-storey residential complexes. The current sales trends for multi-storey apartments in Wardha Road fall within the range of Rs 3,370 to Rs 3,820 per sq. ft., To rent or lease an apartment would cost the house-seeker between Rs 12 to Rs 16 per sq. ft. Current trends for commercial space falls within the bracket of Rs 20,000 to Rs 2,00,000 per month, largely depending on the size and area of the office space.
  • 6. Major Challenges The residents of this area need to pay particular attention while travelling on the main roads. Faulty signals and speeding motorists have led to innumerable accidents and major injuries. Traffic congestion is also a major issue in the locality. The occasional chain-snatching and petty thefts have been brought to notice, as well. Factors for Growth in the Future The blossoming of the coveted MIHAN SEZ project is contributing to this area’s infrastructural growth. The recently announced Nagpur Metro Rail project, proposed to connect various parts of the city to MIHAN and the Airport, will prove instrumental to the development of this region. Furthermore, new projects promising affordable prices, premium facilities, improving connectivity, and excellent infrastructure are fuelling the rise in the number of residential projects and appreciation in property value. Show Less
  • 7. OVER ALL VIEW OF WARDHA ROAD NAGPUR
  • 8. Average price at Wardha Road
  • 9. PROPERTY DISTRIBUTION TREND WARDHA NAGPUR
  • 10. Affordable Homes in Nagpur Affordable housing is still a preferred medium and huge demand for affordable houses was witnessed in Nagpur. However due to lack of supply in affordable housing in the sought after locations like Central Nagpur, a marginal slowdown in transactions was observed. Affordable homes here would fall in the price range of INR. 2,000- INR. 3,000psf. One Time Maintenance Most of the developers charge one time maintenance to the tune of INR.1-3 lac at the time of booking depending on the amenities provided. The developer continues to maintain the complex for 10- 20 years even after the society is formed. Residents have failed to pay monthly maintenance sighting reasons that as they do not use the amenities they should not be charged, hence the developers have resorted to the step of a one time maintenance. Walk To work culture People in Nagpur prefer to stay closer to their workplace (maximum 4-5 km). Since the mode of transport is expensive, people prefer to walk or have their private vehicles to reach their destination
  • 11. COMERCIAL PROPERTY
  • 12. COMERCIAL PROPERTY RATES OVER VIEWS
  • 13. COMERCIAL AVERAGE MONTHLY RENT
  • 14. PRICE TREND AT WARDHA ROAD NAGPUR 2013-14.
  • 15. Conclusion Nagpur's favour is its central location—over 400 international flights pass daily over its skies, making Nagpur Air Traffic Control (ATR) the busiest in the country. The rising demand for residential property in Nagpur by NRIs is spilling the city. Sugesstion on 7.5 acres 75 ROOM 4-STAR BUSINESS HOTEL,56 UNITS SERVICE APRTMENT COMMERCIAL OFFICES in the range of 1500 to 3000square feet area , SHOPPING CENTRE with convince stores & food court . ,MULTIPLEX with 4SCREEN and 175Lxury apartments sized in the range of 1000 to 1,500 square feet area could be considered for investment. Property near to commercial airports, these new activities may include: (a) regional or national corporate headquarters of large national and multi-national companies; (b) trade and merchandise centres marketing retail or industrial products; (c) service companies that are dependent on air service to reach their markets; and/or (d) airlines and related activities .
  • 16. Expansion of activities in the metropolitan area occur for types of businesses that are users of airport services, suppliers to markets generated by the airport, or businesses that can take advantage of the local transport and other supporting infrastructure developed primarily to serve the airport. These are typically: (a) high-tech electronics and specialized equipment manufacturers, (b) communications companies, (c) warehouse and delivery services, and(d) a variety of specialized business services Hotel and convention facilities are another rapidly expanding type of business. The magnitude of these developments is not closely related to the passenger volume of airport activity. The ratio of hotel rooms (within 6 km of the airport) The supportable number of hotel rooms is predictable based on four factors: (1) extent of hub versus destination travel, (2) airport location relative to office activity centre's, (3) hotel agglomeration at conference centers, and (4) land use restrictions. Retail is yet another rapidly growing type of business activity. Shopping facilities are being expanded and upgraded at many airports. Airport vicinity shopping centre's are also increasing, following nearby population growth.
  • 17. PRODUCT AVAILABILITY RESIDIENTIAL SALE 490 UNITS COMMERCIAL SALE 86 UNITS RESIDIENTIAL RENT 26 UNITS COMMERCIAL RENT 48UNITS UNDER CONSTRUCTION PROJECTS 9 PROJECTS READY PROJECTS 38 PROJECTS PRODUCTS PREFERED CHOICE BUNGLOWS 25% ROW HOUSE 30% VILLAS 5% FLATS 36% OTHERS 04% ALL THE PROJECTION IS FROM THE LISTED A CLASS & B CASS PROJECTES PRODUCT PREFERED BY NAGPUR 1BHK 20% 2BHK 30% 3BHK 40% 4BHK 7% 5BHK +++ 3%
  • 18. Hotels in Wadha Nagpur
  • 19. HOTELS CATEGORY BUDGET HOTELS BUSINESS HOTELS HOLIDAY HOTELS LUXURY HOTELS Nagpur hotels by star rating •5 star hotels 03 •4 star hotels 0 1 •3 star hotels 17 •2 star hotels 23 •1 star hotels 0 7 Nagpur hotels by area •Abhayankar Nagar 1 •Airport 2 •Central Avenue 12 •Chindwada road 1 •Dhantoli 3 •Ganeshpeth 6 •Kamtee Road 1 •Mohan Nagar 1 •New Ramdaspeth 1 •Pratap Nagar 1 •Ramdaspeth 3 •Sadar 5 •Sewa Sadan Chowk 1 •Sitabuldi 5 •Wardha Road 8 •West High Court Road 1 TOTAL NO OFREGISTERED HOTEL --- 51
  • 20. Finding Nagpur accommodation Hotels in nagpur (98) Rs. 500 onwards Guest houses in Nagpur (8) Rs. 300 onwards Resorts in Nagpur (6) Rs. 900 onwards Nature camp in Nagpur (1) Rs. 2000 onwards Serviced apartment in Nagpur (1) Rs. 2500 onwards Boutique hotel in Nagpur (1) Rs. 3800 onwards Hotels near landmarks in Nagpur Railway station Hotels near Ajni Railway Station Hotels near Itwari Railway Station Hotels near Nagpur Railway Station Airport Hotels near Nagpur airport HOTELS NEAR Sightseeing Hotels in Nagpur near Ambazari Lake Hotels in Nagpur near Sevagram Hotels in Nagpur near Sitabuldi Fort Hotels in Nagpur near Maharaja Baug and Zoo Hotels in Nagpur near Deeksha Bhoomi Hotels in Nagpur near Markanda Hotels in Nagpur near Seminary Hill Hotels in Nagpur near Balaji Mandir Hotels in Nagpur near Sri Poddareshwar Ram Mandir Hotels in Nagpur near Shri Vyankatesh Temple
  • 21. 13 Hotels in Wardha Road Nagpur Price Range : Rs. 2000 - 6000 The Travotel Suites Rs. 2,604 Radisson Blu Hotel Nagpur Rs. 4,697 The Pride Hotel Nagpur Rs. 3,511 The Majestic Manor Rs. 2,524 Hotel Adi Rs. 2,466 Flora Inn: Service Apartments Rs. 2,117 Eastern Point Service Apartments Rs. 2,863 Airport Centre Point Rs. 2,934
  • 22. Proposed Residential Amenities in the complex Comfort Convenience stores Commercial spaces Pharmacy 24-hours ultra-modern security Gated community life Health Fully equipped Gymnasium Yoga centre Swimming pool with baby pool Basketball Courts Tennis Courts Skating Rink Amp theatre Jogging Tracks Table Tennis Badminton Court Community Hall
  • 23. Leisure Clubhouse Barbeque area with seating Library Pool Table Card Room Carom Nana-Nani Park Landscape Gardens Children's Play Area . Mural wall fountain Cricket Net Specifications Vitrified tiled flooring in all rooms Ceramic tiled flooring in toilets and terraces Colour glazed dado tiles above cooking platform up to lintel level. Colour glazed dado tiles up to lintel level in all toilets. All door shutters will be flush door. Standing cooking platform with black granite top with stainless steel sink. Electrical and plumbing provision for water purifier and exhaust fans in kitchen. Electrical and Plumbing provision for water heater and exhaust fans in all toilets. Concealed wiring with modular switches. Powder coated aluminum sliding windows with M.S. Safety grills.
  • 24. REPORT Gift from SUNIL SETH KAKKAD MOBILE 9820614117 MADE BY

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