Know Everything About Rent/Buy Shops in Nagpur

Introduction About Nagpur

Nagpur is the 3rd largest city in Maharashtra and 14th largest city in India by population. This city is ranked 1st out of 10 smartest city execution. Nagpur is also known as Orange city. Due to the production of oranges all over India.

Why is Nagpur best for business?

Nagpur is emerging as the metropolitan city in India. The GDP of Nagpur is approximately INR 1,406,860 million in 2019-20. Many IT companies such as TCS, Tech Mahindra, HCL, GlobalLogic, Persistent Systems, Infosys, and Hexaware are at various IT parks in Nagpur. Nagpur is one of the biggest commercial centers in India because of lots of companies like Dinshaws, Haldiram, Actchawa, Suruchi Internationa, Vicco & Baidyanath, Solar Industries companies, CEAT Tyres, and many more are located in Nagpur. That’s why Nagpur is top on the list if you want to start a business.

Here are the simple steps to buy/rent/lease shops through HonestBroker

● Visit the HonestBroker website.

● Select buy/ease/rent/ property.

● Then, select property type according to your need.

● Mention the location. Where you want to buy/rent/lease property.

● Then, click on search

● And you will get the list of properties according to your search criteria.

Advantages and Disadvantages of commercial property Investment

Advantages-

On commercial properties, we get more returns than residential properties.

Renting commercial properties had long lease terms such as 2 yrs 3yrs, etc. Which ensures the constant flow of income.

Disadvantages-

Investment in commercial properties is much higher than in residential properties.

It generally depends on the market climate. If the market climate is satisfactory, then the demand for commercial real estate is high, and if the market climate is poor. Then the demand for commercial real estate is low. When the market is down it becomes difficult to find tenants for commercial property.

The best locality to buy shops in Nagpur

Here is some best locality in Nagpur to buy a shop.-

Manish Nagar

Sita Buldi

Hudkeshwar Road

Itwari

Ramdas Peth

Best locality to rent shops in Nagpur

Here is some best locality in Nagpur for renting a shop.-

Dharampeth

Manish Nagar

Dhantoli

Laxmi Nagar

Khamla

Some other areas for buying or renting shops in Nagpur

There are some other areas mentioned below where you can rent or buy shops at an affordable price are -

Manewada

Bajrang Nagar

Welekar Nagar

Mahal

Trimurti Nagar

Hingna

Somalwada

Sitabuldi

Hansapuri

Pratap Naga,

Dharampeth

Gokulpeth

Property rates in Nagpur 2022

Property rates in Nagpur mostly depend on locations, property areas, and amenities.

Hanuman Nagar’s average rate of the property is INR 6,050 square feet.

Dharampeth's average rate of the property is INR 8,700 square feet.

Koradi's average rate of the property is INR 3,600 square feet.

Manish Nagar's average rate of the property is INR 4,700 square feet.

Umred Road’s average rate of the property is INR 3,500 square feet.

Somalwada's average rate of the property is INR 4.550 square feet.

Kamala's average rate of the property is INR 6,400 square feet.

KT Nagar's average rate of the property is INR 5,300 square feet.

Ring Road's average rate of the property is INR 4.050 square feet.

Koradi Road’s average rate of the property is INR 3,550 square feet.

Narendra Nagar’s average rate of the property is INR 5,150 square feet.

Hudkeshwar’s average rate of the property is INR 3,350 square feet.

Chinchbbnvan’s average rate of the property is INR 4,100 square feet.

Ramdas Peth’s average rate of the property is INR 10,350 square feet.

Sonegaon’s average rate of the property is INR 6,000 square feet.

Sahakar Nagar’s average rate of the property is INR 5,850 square feet.

New Manish Nagar's average rate of the property is INR 4,350 square feet.

Swawlambi Nagar's average rate of the property is INR 5,800 square feet.

Laxmi Nagar's average rate of the property is INR 8,950 square feet.

Arya Nagar's average rate of the property is INR 3.950 square feet.

Wathoda's average rate of the property is INR 4,050 square feet.

Besa's average rate of the property is INR 3,800 square feet.

Godhani's average rate of the property is INR 3,000 square feet.

Manewada's average rate of the property is INR 3,950 square feet.

Narendra Nagar Extension's average rate of the property is INR 5,250 square feet.

Omkar Nagar's average rate of the property is INR 4,750 square feet.

Shivaji Nagar's average rate of the property is INR 10,100 square feet.

Khare Town's average rate of the property is INR 8,350 square feet.

Jaiprakash Nagar's average rate of the property is INR 7,000 square feet.

Pipla's average rate of the property is INR 3,650 square feet.

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