HOUSING

MARKET OF
NAGPUR
 INTRODUCTION
• Nagpur is the third-largest city of the Indian
state of Maharashtra after Mumbai and Pune.
• Located in Maharashtra, India.
• Named after the river Nag which flows through
the city.
• Known as the "Orange City", Nagpur is the 13th
largest city in India by population.
• It has the largest hollow stupa among all
the Buddhist stupas in the world, Hence an A
grade pilgrimage site.

Source:https://en.wikipedia.org/wiki/Nagpur#Geography 2
DEMOGRAPHY

• With a population of 2.9 million in 2022,

it is projected to reach 3.9 million in
2035, with a 2.1% growth rate YoY

Source:https://en.wikipedia.org/wiki/Nagpur#Geography
3
www.magicbricks.com
 UNDERSTANDING DEMAND DYNAMICS
• Multi-storey apartments dominate the
demand spectrum in Nagpur.
• Due to the availability of land parcels, there
is a healthy demand for independent houses
& residential plots too.
• Homebuyers in Nagpur prefer 2BHK and
3BHK units with 45% & 40% share in
demand respectively.
• Properties priced <INR 5,000 are most-
preferred, indicating maximum inclination for
affordable and mid-segment houses.
• Units sized 1,000-1,500 sf are highly preferred,
which also correlates to the high demand for
3BHKs in Nagpur.

Source:https://nagpur.gov.in/service/igr-maharashtra/ 4
 UNDERSTANDING SUPPLY DYNAMICS

Source:https://nagpur.gov.in/service/igr-maharashtra/ 5
 PRICE (RATE) ANALYSIS
• During the Covid-19 pandemic, rates for
residential properties in most of the localities in
Nagpur recorded a dip, which bounced back post
the pandemic with increased new launches and
demand from home buyers.
• Manish Nagar, MIHAN, Wardha Road, Besa and
Narendra Nagar are the top five searched
localities in Nagpur, indicating buyers’ inclination
towards the southern part of the city.
• Over the last five years, localities in South Nagpur
have recorded rate appreciation in the range of 9-
12%.
• With growing employment and educational
opportunities, the city also has good demand for
rental accommodations, offering a 4% rental yield
to investors eyeing rental returns.

Source:https://nagpur.gov.in/service/igr-maharashtra/
https://maharera.mahaonline.gov.in/Site/1128/Lapsed-Projects 6
 HOUSING POLICIES

• Special Planning Authority, New Chandrapur.

• Jawaharlal Nehru National Urban Re-development Mission
(JNNURM)
• Integrated Housing Slum Development Programme (IHSDP).
• Rajiv Gandhi Gramin Niwara Yojna.
• Individual land titles (malki patta)
• Slum improvement programme (1972–1994)
• Basic services for urban poor (bsup)
• Pradhan mantri awas yojana (pmay) (2015–ongoing)
• Integrated low cost sanitation scheme (2010–ongoing)

Source:https://nagpur.gov.in/service/igr-maharashtra/ 7
THANK YOU

SHAMME HARMAIN
USN:4MA21AT023