Overview of Koradi, Nagpur

Koradi, located in Maharashtra's Nagpur district, is a burgeoning area offering a mix of residential, commercial, and industrial possibilities. Let's dive into a real estate perspective:

Location and Connectivity

• Koradi is 13 km north of Nagpur district headquarters and 15 km from Kamptee.
• It's linked via Koradi Road, connecting key areas like Kingsway Road, Ring Road, Kamptee Road, and Katol Road.
• Access to public transport from MSRTC and NMPL is nearby.
• The Koradi metro station and Nagpur Junction Railway Station (4-7 KM away) boost connectivity.
• Nagpur International Airport is 12-15 KM from Koradi Road.

Property Rates and Trends

Residential Properties:

• Prices for properties in Koradi Road range from Rs. 1,850 to Rs. 4,383 per sqft.
• Apartment prices range from Rs. 3,050 to Rs. 4,150 per sqft.
• Builder Floor prices are between Rs. 2,800 and Rs. 3,500 per sqft.
• Land rates are from Rs. 2,350 to Rs. 3,950 per sqft.

Price Appreciation:

• Flat prices have climbed 1.4% in the last year, 16.7% in the last three years, and 20.7% in the last 5 years.
• Land rates have also grown by 17.4% in one year and by 31.7% in five years.

Property Types and Availability

Residential:

• The area includes villas, apartments, and independent houses.
• 3 BHKs are most common, around 40% of available properties.
• Projects like Leverage Greens, Ambika Capitol Homes, and Shree Ganesh Nagari offer various residential options.

Commercial:

• You'll find office spaces and shops here as well.

Infrastructure and Amenities

Educational Institutions:

• Trusted schools like Wonderland High School, Narayana Vidyalayam, Bhavan's Bhagwandas Purohit Vidya Mandir, and Poddar International School are nearby.

Healthcare:

• Key hospitals such as Walking Multispeciality Hospital, Care Hospital, and HCG NCHRI Cancer Centre are close by.

Retail Facilities:

• Popular shopping spots include Sadar Bazaar, Sitabuldi, and malls like Poonam Mall, Ginger Mall, Eternity Mall, and Empress Mall.

Employment Opportunities

Industrial and IT Hubs:

• Close to industrial areas and IT/ITeS hubs like IT Park Nagpur, offering numerous employment options within 20 KM.

Rental Properties

Rental Rates:

• Apartment rental prices range from Rs. 10,500 to ₹42,000 per month, based on BHK configurations.
• Furnished and semi-furnished properties cater to different budget segments.

PropertyWala's Conclusion

Koradi, Nagpur, features a promising real estate market. Its strategic location, decent civic infrastructure, and range of properties are appealing for both buyers and renters. The area’s connectivity, amenities, and employment potential make it an attractive spot. With steady appreciation of prices and ongoing development projects, investing in Koradi might bring significant long-term gains. It's still key to monitor current market trends to make an informed decision.