Overview of Amravati Road Area, Nagpur

Location and Popularity

Amravati Road is an in-demand and popular area in Nagpur. It's located such that it's attractive for both those wanting to invest and those seeking to live, because of its nearness to various landmarks and amenities.

Types of Properties Available

• Apartments: You can find a variety of apartments here, including 2 BHK and more. They’re both for sale and rent.
• Villas: There are luxury villas and standalone houses available too.
• Builder Floors: We offer builder floor apartments with different floor plans.
• Plots/Land: There are residential plots and land available for purchase, so you can build your own space.

Price Trends

• Apartments: Prices range from Rs 3,300 to Rs 5,600 per square foot. On average, an apartment costs around Rs 4,000 per square foot.
• Plots/Land: Prices for land vary from Rs 350 to Rs 3,000 per square foot. The average residential plot price is about Rs 38.3 Lac for a median area.
• Builder Floors: Prices for builder floors are typically from Rs 2,500 to Rs 5,400 per square foot.

Price Appreciation

• Apartments: The prices have gone up by 3.9% in the last year, 23.1% in the last three years, 19.4% in the recent five years, and 17.6% over the past 10 years.
• Plots/Land: The prices fluctuate a lot but generally go up over time due to long-term trends.

Amenities and Infrastructure

• Road Connectivity: Many plots and houses are road-facing, some on 9m, 12m, 18m, 30m, and even 80m wide roads, offering good links.
• Amenities: Some residential areas have facilities like pools, clubhouses, kids' play areas, and lifetime rental services.
• Proximity to Landmarks: Properties are near famous spots like Global Indian International School, Trikoni Park, Dharampeth, and other local amenities.

Investment Potential

• Residential Plots: You can find plots on Amravati Road for quite reasonable rates, under Rs 20 lakh, which is good for investing.
• Long-term Appreciation: The area consistently goes up in value, making it a strong choice for long-term real estate investment.

PropertyWala’s Conclusion

In summary, Amravati Road in Nagpur offers a solid real estate chance for people looking to buy or invest. With various property types like apartments, villas, plots, and land, there’s a choice for all budgets and preferences. The strategic position, good road links, and nearby amenities make it very appealing. Additionally, its long-term price growth signals potential. Hence, Amravati Road is definitely worth considering when looking to buy or rent property in Nagpur.