Koradi Road Area Overview in Nagpur

Positioning and Access

• Koradi Road stands out as a favored spot in Nagpur, valued for its strategic placement and excellent connectivity. It lies close to several important venues and services, including Bhartiya Krushi Vidyalaya & Kanisth Mahavidhyalay and Remedia Hospital Nagpur.

Property Varieties and Availability

• This locale offers a broad spectrum of property types. These include residential plots, villas, apartments, and builder floors. You'll find a variety of ready-to-move, under-construction, and resale projects.
• Listings vary across 1, 2, and 3 BHK flats, independent houses, and commercial spaces.

Cost Developments

• Residential Plots:
  • Prices range from ₹17.5 Lac to ₹65 Lac, impacted by size and location.
• Flats:
  • The average flat rate is around ₹3,800 per sq ft. Example: a 2 BHK flat could fall between ₹31.5 lakhs to ₹45 lakhs, with 3 BHK flats priced even higher.
  • Property values begin at Rs. 2,020 per sqft, averaging at Rs. 4,390 per sqft up to Rs. 9,000 per sqft at its peak.
• Land Values:
  • Land rates hover around Rs 2500-3950 per sq ft.

For Rent

• Available rental options consist of 1, 2, and 3 BHK flats, along with independent houses and commercial spaces.
• Example rental rates: A 2 BHK flat lists for around ₹23,000 per month.

Facilities and Infrastructure

• Different transport links are available, and the area benefits from robust road infrastructure, including some plots accessible via 30m roads.
• Amenities nearby include educational institutions, hospitals, and essential services.

Investment and Value Growth

• Property values in Koradi Road experienced a 3.71% drop in the recent past year. Nevertheless, over five and ten years, there has been a notable rise—20.7% and 7.7%, respectively.
• Its strategic location and future growth prospects mark this area as a sound investment choice.

Conclusion by PropertyWala

In my view, Koradi Road in Nagpur is a favorable prospect for buyers and renters alike. It boasts diverse property options, excellent connectivity, and easy access to essential amenities, making it a great choice for both residential and investment needs. Although there has been a slight recent price drop, the area's potential for long-term appreciation and ongoing popularity makes it an excellent real estate investment option in Nagpur.