Overview of Nari Road Area, Nagpur

Location and Accessibility

Nari Road is a popular neighborhood in Nagpur with strong connections to different parts of the city. Its strategic nature makes it an appealing choice for buyers and renters.

Property Rates

• Average Price per Sqft: The average price of properties near Nari Village is Rs. 5,124 per sqft. However, on Nari Road itself, the average price drops to Rs. 2,588 per sqft.
• Price Range: You'll find properties on Nari Road ranging from Rs. 1,500 to Rs. 12,400 per sqft, depending on the type and amenities.

Types of Properties Available

• Apartments:

  • These come in various configurations including 1 BHK and 3 BHK.
  • Prices can range from Rs. 35 Lac for a 3 BHK apartment to Rs. 55 Lac.
  • Ready-to-move options are also available.

• Independent Houses:

  • These modern homes come in different sizes, for instance, 800 square feet.
  • Starting price for a 1 bedroom, 1 bathroom unit is around Rs. 25 Lakhs.

• Villas:

  • Details on villas in Nari Road are scarce. Nonetheless, similar areas often have villas costing around the top end of the price spectrum, potentially up to Rs. 12,400 per sqft.

Rental Options

• Flats for Rent:
  • 1 BHK flats rent begins at Rs. 7,000 per month.
  • So, renting might be a good option for those not planning a purchase.

Market Trends

• Year-over-Year Growth: Property values in Nari Village have grown by 34.05% year-over-year, suggesting a robust and growing market.
• Investment Potential: Current price trends make buying or selling properties in this location a potentially profitable choice.

Amenities and Infrastructure

• Connectivity: Excellent road links and close proximity to basic amenities.
• Local Facilities: There's access to schools, hospitals, shopping centers, and other community facilities. Some details, however, may differ.

PropertyWala's Conclusion

Nari Road in Nagpur offers a promising real estate market for shoppers and renters alike. With choices ranging from affordable apartments to standalone houses and potentially upscale villas, the area suits varied budgets and needs. The strong yearly growth in property prices and trends show it an attractive spot for investors. It's still vital to research thoroughly and consider current market conditions along with specific amenities and services around the area before you make your decision.