Koradi, Nagpur

About

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.

Nearby

  • Transport

    • Kapri Kheda (~4 km)
    • Automotive Square (~10 km)
    • Nari Road (~11 km)
    • Kamptee (~15 km)
    • Nagpur Junction railway station (~15 km)
    • Dr. Babasaheb Ambedkar International Airport (~26 km)
  • Shopping & Dining

    • Aswad Restaurant (<1 km)
    • Smart point (~2 km)
    • Behind The Lake (~2 km)
    • Poonam Chambers (~13 km)
    • reliance Smart Point (~13 km)
  • Healthcare

    • MedPlus (~2 km)
    • Sharma Medical (~2 km)
    • Dr. Parate Clinic (~3 km)
    • Shantidevi Orthopedic And Multi Care Hospital (~5 km)
    • ALEXIS MULTISPECIALITY HOSPITAL PVT. LTD. (~10 km)
    • Mental Hospital (~12 km)
  • Education

    • Late Rajiv Gandhi Marathi High School Suradevi (~3 km)
    • Pragatik high school (~3 km)
    • Pratrishruti ground (~13 km)
    • RCOEM central library (~13 km)
    • Ramdeobaba University (RBU) (~13 km)
    • Visvesvaraya National Institute of Technology (~20 km)
  • Leisure & Entertainment

    • Children's Park (<1 km)
    • A M cinemas (~3 km)
    • Open air theater [OAT] (~13 km)
    • Nagpur Central Museum (~16 km)
    • Gorewada Zoo (~16 km)
    • Yashwant Stadium (~17 km)
  • Services

    • Axis Bank (~2 km)
    • HDFC Bank (~2 km)
    • Mahadula Fire Station (~3 km)
    • Jaripatka Police Station (~10 km)
    • National Academy Of Direct Taxes (~12 km)
    • High Court Nagpur (~15 km)
  • Religious Places

    • Devi Mandir (<1 km)
    • Koradi Devi Temple (<1 km)
    • Suradevi Mata Temple (~4 km)
  • Business & Hospitality

    • Koradi Thermal Power Station (~2 km)
    • Khaparkheda Thermal Power Station (~5 km)
    • Food Corporation Of India (~21 km)
    • Nagpur IT Park (~22 km)
    • MIDC (~26 km)
    • Mihan Multi-Modal Logistic Park (MMLP) (~31 km)
Places © OpenStreetMap contributors, Overture Maps Foundation * Distances from the centre of Koradi

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News

Maharashtra Leases Koradi Temple Land For Re 1 For 30 Years

The Free Press Journal · · Infrastructure

The Maharashtra Cabinet approved a 30-year, Re 1 lease of pilgrimage-plan land in Koradi to support shrine development and devotee facilities.

Key facts

The Maharashtra Cabinet approved a 30-year lease of government land developed under the pilgrimage development plan to Shri Mahalakshmi Jagdamba Sansthan, Koradi, at a nominal rent of Re 1. The decision was taken at a meeting chaired by Chief Minister Devendra Fadnavis at Sahyadri Guest House in Mumbai.

Approval was granted under Rule 35 of the Government Land Disposal Rules, 1971, framed under Section 40 of the Maharashtra Land Revenue Code, 1966, and in accordance with the government resolution dated July 25, 2019. The Nagpur District Collector may renew the lease after expiry if the Sansthan requests it and applicable rules permit. The allotment is intended to facilitate systematic development of the Koradi pilgrimage area and construction of amenities for devotees.

Proposed Sitabuldi-Koradi Metro Corridor Sparks Real Estate Discussions

Indiatimes · · Infrastructure

Nagpur’s proposed Sitabuldi-to-Koradi Metro corridor, part of Phase 3, has prompted real estate discussions even before its blueprint is ready.

Key facts

The proposed Sitabuldi-to-Koradi Metro corridor, part of Nagpur Metro’s Phase 3 expansion, has triggered real estate discussions across Nagpur before its blueprint is ready.

Koradi Naka Flyover Targeted for November Completion

MSN · · Infrastructure

NHAI expects to complete Nagpur’s 1km Koradi Naka flyover by November, while work on the railway-over-bridge arm has yet to start.

Key facts

NHAI is expected to complete the 1km Koradi Naka flyover on Nagpur’s busy Koradi Road by November. Work on the railway-over-bridge arm has yet to start.

Nagpur Metro Phase 3 Adds 55 Kilometres Across Four Corridors

Indiatimes · · Infrastructure

Nagpur Metro Phase 3 is planned to add about 55 km across four corridors, including a 25 km route along the Inner Ring Road.

Key facts

Nagpur Metro Phase 3 is planned to span a tentative 54.5 km, making it the city’s largest planned expansion. MahaMetro confirmed the 25 km Inner Ring Road corridor from Mankapur Chowk to Rachana junction (Hingna T-point) will be included in the Detailed Project Report (DPR), after floating a tender to prepare it. Union minister Nitin Gadkari confirmed the inclusion at a press conference on Monday.

The other proposed corridors are:

  • Sitabuldi–Koradi: 11.5 km, to strengthen north–south connectivity.
  • MIDC ESR–CEAT Ltd: 3 km, for last-mile connectivity to the Butibori–MIDC industrial belt.
  • Khapri–New Nagpur: 15 km, linking the planned greenfield New Nagpur development with the existing metro network.

The four corridors together add about 55 km. Phase I and Phase II total nearly 84 km; with Phase 3, the network would reach approximately 129 km. The blueprint is part of the Comprehensive Mobility Plan approved in July 2025.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.

Price Trends

Locality ID
A567711138
PinCode
441111