Overview of Gorewada, Nagpur

Location and Amenities

• In Nagpur, the neighborhood of Gorewada is gaining popularity, especially for its stunning natural scenery and numerous upcoming infrastructure projects. It’s well-known for Gorewada Lake and its adjacent forest, which has served as a recreational space since the days of the British.

Property Types and Prices

• Flats/Apartments:

  • The typical rate for a flat in Gorewada, Nagpur stands at around ₹3,950 per square foot.
  • One finds a 2 BHK flat priced between ₹30.9 lakhs - ₹42 lakhs.
  • A 3 BHK flat is available in the high-end price bracket, ranging from ₹55 lakhs to ₹68.8 lakhs.

• Land/Plots:

  • Property prices for land here are about ₹2,000 - ₹2,550 per square foot.

Property Availability

• The area counts over 46 properties in total. These are a mix of villas, apartments, and plots of various sizes and types.
• Specifically, you can find more than 30 apartments and at least 5 plots for sale in Gorewada, Nagpur.

Price Trends and Appreciation

• Flat Rates:

  • Prices generally have grown by 16.2% in the previous year, rising by 25.4% in the past 3 years and also increasing by 25.4% over the last 10 years.

• Land Rates:

  • Likewise, land rates have increased by 53.3% over the last 1 year and have similarly appreciated by the same percentage in the last decade.

Rental Options

• Folks renting can expect 1 bedroom homes priced from ₹4,000 per month and those offering 2 bedroom homes starting at ₹14,000 per month, with an additional deposit equal to one month’s rent required.

Infrastructure and Development

• Besides residential property, the area boasts the Balasaheb Thackeray Gorewada International Zoological Park. This park is one of the largest zoos in India, covering over 564 hectares. It offers an International Zoo, Jungle Safari, Animal Rescue Center, and Bio-Diversity Garden, turning it into a popular tourist destination.

PropertyWala's Conclusion

Finally, Gorewada, Nagpur combines natural beauty, new infrastructure improvements, and rising property values. It's an appealing choice for buyers and renters. The main attraction, the Gorewada International Zoological Park, adds further value to the area, promising long-term opportunities for investment and lifestyle enhancement. Yet, it’s wise to perform a detailed on-ground survey and consult with local real estate experts before committing to any property-related decisions.