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Overview of Wardha Road, Nagpur (Different from Wardha City)

When it comes to residential choices or property investments in Nagpur, Wardha Road stands out as a key focus area even though it's about Nagpur city not Wardha City. Let’s explore this area in more detail from a property investment viewpoint:

Market Trends and Prices

• Flat Rates: Flats on Wardha Road, Nagpur, vary between Rs 4200 to Rs 5750 per square foot. You might find the average flat cost averaging around Rs 4500 per square foot.
• Land Prices: Land rates range between Rs 1400 to Rs 3050 per square foot.
• Builder Floor Costs: You’ll see prices from Rs 3650 to Rs 5700 per square foot for builder floors.

Growth and Appreciation

• Flat Rates Grow:
  • Up by 11.1% in the past year
  • Up by 20.0% in the last 3 years
  • Up by 15.4% in the past 5 years
  • Jumped by 52.5% in the last decade.
• Land Rates Grow:
  • Down by 18.4% in the last year
  • Up by 14.3% in the last 3 years
  • Up by 66.7% in the last 5 years
  • Surged by 207.7% since a decade ago.

Services and Amenities

• Education Centers: Top schools such as P. School Of Scholars, The South Public School, Narayana E-Techno School, and St. Xaviers High School are open in this area.
• Shopping: Residents enjoy access to malls like Skechers, Puma, and local markets for a variety of shopping experiences.
• Healthcare: The place has many famous hospitals, including Gencure Hospital, Gopal Hospital, Kale Piles Hospital, and Puri Hospitals.
• Eateries: You can find everything from local eateries to chains such as Mocha Sky, Puran Da Dhaba, Patiala House, and Shikar Family Restaurant.

Upscaled Residential Projects

• Residential Estates: Look for projects such as Prozone Palms, Rachana Ekaa, Pioneer Orchid, Pinnacle Durvang Residency 9, Madhav Aadhar Nagari, Kasya Nishigandh, Karamchand Dream Aawas, Golden Glory 101, Devprath Mangalmurti Residency, and Bhagat Sparsh Villa 6. All these projects bring top-notch amenities and quality living.
• Developers: Key companies involved are Prozone Intu Properties Ltd., Rachana Construction, Pioneer Group Nagpur, Pinnacle Construction, Madhav Infra, Kasya Engineering LLP, Karamchand Group, Golden Homes Infrastructures, Devprath Constructions LLP, and Bhagat Housing Agency operating in the region.

Investment Prospects

• Housing Demand: The area appeals to IT workers, businesspeople, and middle-income families, making it a valuable choice for investors.
• Policy Support: Programs like the Pradhan Mantri Awas Yojana (PMAY) and the Real Estate Regulatory Authority (RERA) boost transparency and assure buyers, fostering real estate development.
• Future Plans: Upcoming infrastructure expansions like the Nagpur Metro extension and the creation of new industrial zones should boost real estate perspectives.

PropertyWala's Analysis

Wardha Road in Nagpur houses a robust real estate market. You’ll see consistent growth in property values, along with strong infrastructure, and variety of amenities. This zone offers compelling opportunities for both buyers and investors due to its diverse residences and essential position, plus the backing from effective government policies. If you’re eyeing Wardha City though, note there, the real estate market might differ; so individual inspection regarding that region would be necessary.