Overview of Vivekanand Nagar, Nagpur

Location and Demand

Vivekanand Nagar is a desirable locality in Nagpur, celebrated for its prime spot and increasing demand in the real estate market. The neighborhood boasts good connectivity with other city parts, making it appealing to both buyers and renters.

Property Prices

• Entry-level properties in Vivekanand Nagar start at Rs. 6,666 per sq ft[1).
• The average cost of properties in this area is roughly Rs. 6,177 per sq ft.

Types of Properties Available

• Apartments: Most listings feature apartments, especially 3 BHK units. These are available in sizes from 1,639 sq.ft to 1,880 sq.ft.
• Amenities: Many of these apartments include modern amenities such as lifts, security, power backup, and car parking.

Investment and Rental Prospects

• Investment: Thanks to its location and demand, this place is seen as a good investment spot. Even though property prices fell by 32.38% over the past year, it's still a hot spot for investors.
• Rental: There are many 2 and 3 BHK flats for rent, plus several houses and villas. This offers options for all rental budgets and needs.

Specific Properties

• Price Range: 3 BHK apartments in the area cost between ₹1.3 crores to ₹1.62 crores, depending on size and features.
• Examples:
  • A 3 BHK apartment of 1,700 sq.ft costs ₹1.36 crores.
  • Another 3 BHK apartment, with 1,750 sq.ft, is priced at ₹1.3 crores.
  • Last 3 BHK apartment here, at 1,880 sq.ft, retails at ₹1.41 crores.

Facilities and Amenities

• Modern Amenities: Residents generally enjoy amenities including lifts, security, power backup, and car parking.
• Convenience: Many apartments come with spacious balconies, modular kitchens, and branded accessories to boost the living experience.

PropertyWala's Take

Vivekanand Nagar in Nagpur offers a strong option for both buyers and renters. Its prime location, combined with modern amenities and diverse property types, makes it stand out. Although property prices shifted recently, the area still promises a good investment. To decide wisely, prospective buyers and renters should examine current price trends and the area's overall demand.