Overview of Ram Nagar, Nagpur

Location and Infrastructure

Ram Nagar, found in Nagpur, boasts a well-established infrastructure complete with numerous amenities nearby. The area houses various schools, hospitals, and other crucial services. To name a couple, Hillfort Public School and Cardicare Heart Care are just a short distance away, making it convenient for families and individuals.

Property Prices

• Starting property price in Ram Nagar stands at around Rs. 5,714 per square foot.
• Average property prices hover around Rs. 6,093 per square foot.
• The top-end market reaches up to Rs. 6,472 per square foot.

Property Types and Availability

• Apartments: Available in configurations including 2 BHK and 3 BHK flats, these are priced between Rs. 72 Lac and Rs. 1.2 Cr.
  • For 2 BHK apartments, you'll find prices from Rs. 72 Lac to Rs. 92 Lac, with an average price of Rs. 7628 per square foot.
  • 3 BHK apartments range from Rs. 1.1 Cr to Rs. 1.2 Cr, averaging Rs. 7601 per square foot.
• Independent Houses: These are less commonly listed compared to apartments.

New Residential Projects

Ram Nagar showcases several new residential projects like Landmarks Orchid Diamond from Landmarks Orchid Homes Infraventures.

• These projects have modern amenities like power backup, situated in prime locations.

Rental Options

There are over 25 flats and 3 houses/villas available for rent.

• Semi-furnished 3 BHK apartments with modern features start at around ₹40,000 per month.

Price Trends

There’s been a notable year-over-year (YoY) drop in property rates in Ram Nagar, with a 19.65% decrease in the past year. Similar trends are seen in nearby areas like Baji Prabhu Nagar, which experienced a 20.84% fall.

Investment Perspective

Despite the YoY decline, the current property trends suggest that buying and selling in Ram Nagar could be profitable. The excellent infrastructure and amenities make it appealing for both end-users and investors.

PropertyWala's Conclusion

Ram Nagar in Nagpur offers a balanced choice for both buyers and renters featuring affordability and modern amenities. Its infrastructure, proximity to essential services, and new residential projects make it attractive. Yet, potential buyers and investors should pay close attention to price trends, following recent declines, for informed decisions. In conclusion, Ram Nagar remains a viable locale for anyone looking for a convenient and affordable living or investment option in Nagpur.