MIHAN is supposed to be that first experiment that will initiate the process of Nagpur's epic transformation. I hope this post serves as a catalyst!
Though you will get loads of official and government content on the internet, here is my first-hand account on the blazing speed of development. Hectic construction activity is on to get the infrastructure ready at MIHAN. Here are a few snapshots:
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| From Mihan |
Construction work at MIHAN
I am primarily going to focus on the real estate investment opportunities – The Gold Rush (TTip - meaning).
Last five years have seen land prices skyrocketing in the city. Appreciation in the value of real estate, in and around MIHAN, has been mind-boggling.
Even then, most of the current rates of land/plots are very much affordable. This, coupled with an easy monthly EMI (Equated Monthly Installment) offered by many investment firms, forms a perfect long-term investment plan for middle/higher class families. Many people consider real-estate a safer and better bet than investing in gold or mutual funds.
Nagpur is currently a sweet spot for investors with places like Wardha Road and MIHAN being synonymous with Gold Mines. This Gold-Rush will surely continue for another 10 years, and I invite all ye Forty-niners to be a party to it!
