Nagpur Real Estate Development Project - An Investment Opportunity
Nagpur : "City Of Growth"
Nagpur consistently remained greenest city of India for many years. Now it stands second greenest city in spite of the fact that its surrounding has 70% of thermal power generation plants of Maharashtra State. Rich with minerals and natural resources Nagpur city is the most environment friendly place as of date. According to a recent cross – characteristics survey conducted by Confederation of Indian Industries (CII), over more than a dozen cities in India, Nagpuremerged in the top 20 cities in India in terms of relative growth. Reason – for years, Nagpur had one of the highest savings ratios in the country. As interest rates declined, the high savings translated into high spending.
Mihan
The Multi-modal International Cargo Hub and Airport at Nagpur (MIHAN) is a project for the Dr. Babasaheb Ambedkar International Airport, Nagpur. It is the biggest economical development project currently underway in India in terms of investments. The project aims to exploit the central location of Nagpur and convert the airport into a major cargo hub with integrated road and rail connectivity.
Major Industrial Area Butibori
Butibori Industrial Area, ranked 5 star Industrial Zone, is considered as the biggest industrial area of Asia. It is developed on 2312 hectares of land, is getting itself established as a textile zone with the presence of major textile units such as Indorama Synthetic (I) Ltd, Woolworth, Fabworth, Texprint and Morarjee Brembana Ltd. Almost there are more than 1000 Units. With the construction of Common Effluent Treatment plant, it is expected that the Textile industry will receive further boost at Butibori. To provide a superior infrastructure, a Five Star Industrial Zone has come up on 270 hectares within the industrial area. An additional area of 1544 hectares is under acquisition for development, as a Five Star Zone.The total employment in the industrial area is approximately 20000 to 25000
MIDC (Hingna)
MIDC (Hingna) industrial area is the best industrial park close to Nagpur City in Central India. Its main objective is to promote industrial growth and attract foreign direct investment. .The total employment in the industrial area is approximately 40000 to 45000
