Overview of Subhash Road Area, Nagpur

Location and Proximity

Subhash Road in Nagpur sits in a prime spot, near major attractions and services. This makes it both a convenient and accessible place for buyers and renters.

Property Prices and Trends

Average and Starting Prices

• The initial cost of properties on Subhash Road starts at roughly Rs. 4,166 per square foot.
• Typical rates in this area are about Rs. 5,995 per square foot.

Price Range

• Properties here vary significantly, from approximately Rs. 4,166 to Rs. 8,350 per square foot, providing options for both budget-conscious buyers and luxury seekers.

Year-over-Year Growth

• Property values have seen a robust increase of around 9.14% each year, signalling a growing market and promising potential for future property appreciation.

Types of Properties Available

Residential Options

• Apartments: Available in different layouts, typically priced near market averages.
• Independent Houses: Move-in ready 3 BHK homes often listed at over Rs. 35 Lac.
• Villas: Premium solutions for those looking for the finest living experience.

Market Segmentation

Price Segments

• About half the homes sold here are priced at ₹60 Lac - ₹80 Lac.
• The second half lie between ₹1.2 Cr to ₹1.4 Cr, illustrating a blend of mid-market and luxury residences.

Common Configurations

• 3 BHK layouts dominate the scene in this popular location, favored by families and individuals seeking space.

Rental Options

Flats and Houses for Rent

• Options range from 2 BHK to 4 BHK flats and standalone houses.
• Monthly rent falls between ₹10,000 to ₹20,000, depending on size and features.

Amenities and Infrastructure

Proximity to Landmarks

• Subhash Road properties are strategically close to essential services like schools, hospitals, and notable landmarks, making living here very convenient.

PropertyWala's Conclusion

When you consider acquiring property on Subhash Road in Nagpur, this region stands out due to its affordability, luxury offerings, and rising property value. The area boasts a strategic location, variety of property types, and market trends encouraging growth, making it a promising investment choice for both developers and buyers. Still, it's important to monitor current market trends and compare pricing across multiple listings for optimal investment returns.