Overview of Bhandara, Nagpur

Location and Connectivity

Bhandara is a place near Nagpur, Maharashtra, which is part of the Nagpur Metropolitan Region Development Authority (NMRDA). You can reach it through Bhandara Road, making it a good pick for people wanting properties outside the city's main parts.

Property Types and Prices

• Residential Properties:
  • Bhandara has many homes to choose from, including apartments, bungalows, studio flats, farmhouses, and villas.
  • The average price per square foot in Bhandara area (which may include nearby locations) is about Rs. 3,195.
  • Specifically on Bhandara Road, Nagpur, prices for industrial land are ₹ 38.76 to 71.66 lac for 3230 to 5972 square feet. For residential, consider a 3-acre plot priced around Rs. 2.70 crore.

Rental Market

• Rental Properties:
  • Folks looking to rent can find options in Bhandara that start from around Rs. 2,000 per month. You have various choices such as single rooms, 1 BHK, 2 BHK apartments, and houses.
  • Locations like Shivaji Ward, Samruddhi Nagar, and Vidharbha Housing Board Colony have these options.

Price Trends

• Appreciation:
  • Prices in areas like Bhandara Road are going up big time. Check this out: rates for constructed property in Kapsi, close to Bhandara Road, have climbed from Rs 1,990 to about Rs 3,098 per square foot. That's an over 40% jump.
  • These price changes hint that purchasing properties here might be profitable. There's higher demand and price rises.

Amenities and Development

• Infrastructure:
  • Bhandara lacks specific details about amenities but is part of the NMRDA, hinting at the ongoing work to enhance infrastructure and connectivity.
  • Growth in this area might be because of its close link to Nagpur and the need for more suburban properties.

PropertyWala's Conclusion

Investing in Bhandara, Nagpur, could be good for real estate buyers and renters. There’s a variety of property types. Plus, we’ve seen big price rises these past years and new development in the area. It's a nice pick for folks who want suburban living with sound links to Nagpur. Nevertheless, think about the exact place inside Bhandara, how the property is in shape, and nearby amenities before deciding.