Overview of Manewada, Nagpur

In Nagpur, a neighborhood named Manewada is popular and budget-friendly for both sellers and renters. Let's take a look at some key points about real estate.

Property Prices

• For homes in Manewada, you can expect to pay around Rs. 5,041 per square foot. Prices fluctuate, ranging from Rs. 2,068 to Rs. 10,185 per square foot.
• Another data source shows the average property rate is about Rs. 4,150 per square foot, growing by 5.1% in the past year.

Types of Properties

• This area provides different types of properties such as apartments, villas, and land. Apartment types mostly include 2BHK and 3BHK setups.
• Besides these, you find builder floors and standalone houses here too.

Price Ranges for Different Property Types

• Flats: Flats price typically range between Rs. 3,350 to Rs. 4,650 per square foot.
• Land: On average, land costs come to Rs. 3,000 to Rs. 4,750 per square foot.
• Builder Floors: These have a price range of Rs. 3,300 to Rs. 4,050 per square foot.

Rental Market

• The monthly rental is usually between ₹6,100 to ₹22,500.
  • Lower-end properties cost less than ₹13,000/month.
  • In the mid-range, rents average ₹13,000 to ₹17,000/month.
  • Premium rents go above ₹17,000/month.

Connectivity and Infrastructure

• Manewada’s good connection to the Ring Road makes commuting easier. It links up with NH44 and AH43.
• Modern amenities include power backup, solar power, meditation zones, parks for children, 24/7 security, areas for elderly people to sit, multipurpose halls, gyms, indoor games, jogging tracks, CCTVs, reserved parking, fire protection systems.

Projects and Developers

• Local developers like 11 Square Feet and Globe Associates are working here.
• Noteworthy new housing projects consist of Maruti Realtors Manomay Apartment, Kolbaswami Residency, Shree Sukhakarta Regency, Maa Vaishnavi Sai Enclave.

Appreciation and Trends

• The property prices have risen by 9.06% in the last year.
• In the past decade, land and flat values have significantly appreciated by 76.1% and 35.6%, respectively.

Amenities and Facilities

• Typical amenities in the residential areas include:
  • Power backup
  • Solar power
  • Meditation zones
  • Play areas for children
  • Rest areas for elders
  • Multipurpose halls
  • Gyms
  • Indoor games
  • Jogging tracks
  • CCTV cameras
  • Parking areas for cars
  • Firefighting systems.

PropertyWala's Conclusion

Overall, Manewada in Nagpur balances affordability, connectivity, and amenities. It looks like a smart choice for property investment and rentals. With many property types, modern features, and strong links to other parts of the city, those seeking to buy or rent here will find Manewada a prime consideration.