Overview of Mihan, Nagpur

Mihan is a locality in Nagpur that’s growing fast, especially in the real estate market. If you’re thinking about buying or renting there, here are some things to keep in mind.

Property Prices

The average price per square foot in Mihan is about ₹4,719, with a range from ₹2,933 to ₹7,916 per square foot. For flats, the average rate is roughly ₹4,550 per square foot. You’ll find 2 BHK flats priced between ₹57 lakhs and ₹65 lakhs and 3 BHK flats similarly priced.

Property Types and Availability

You have different property choices in Mihan - apartments, builder floors, and land parcels. Some popular projects are Shiv Kailasa, First City Symphony, and Om Shiv Brighton, favored by many buyers and renters.

Rental Market

Renting in Mihan is a good option, starting from around ₹11,000 per month.

• Rent for 1 BHK isn’t listed specifically, but is generally within a larger range.
• For 2 BHK, it’s ₹11,000 - ₹23,000 per month, averaging around ₹15,600.
• For 3 BHK, rates are ₹32,000 - ₹40,000 per month, with an average of ₹34,888.89.

Connectivity and Amenities

Mihan is at convenient junctions NH-44 and NH-53, making it a great connection point. Metro access is also available at Khapri and New Airport Station. Still, the area has some issues - not enough cleanliness and sanitation in parts, and few restaurants and recreational areas.

Investment and Growth

From an investment standpoint, Mihan has a lot of potential.

• Flat rates have grown by 10% in the past year, 10% in the last three years, and 25.7% in the last ten years.
• Even though land rates have fallen by 11.1% last year, they have increased by 150% over the last ten years.

PropertyWala's Verdict

All things considered, Mihan, Nagpur, is a great choice for buyers and renters alike. The place mixes affordability with good living comforts and is near IT hubs beneficial for professionals. Though there are some downsides in terms of amenities and cleanliness, the growth and investment opportunities make Mihan an attractive option in Nagpur's real estate market.