Why invest in Nagpur  
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What makes Nagpur the obvious choice for investment purpose, is the fact that it is one of the fastest growing city of our country, making it a target for various developers who have realized that investing their hard earned money in this city, is sure to bring them high profits in few years to come. Nagpur is justifying its stand of being the second capital of Maharashtra and in all the ways is competing with metros in all avenues by winning for itself esteemed projects like MIHAN, Boeing, IT parks, Multiplexes, Townships by DLF, Sahara and other prominent housing societies, assuring to change the landscape of the city. It is this belief that makes Nagpur the safest bet to invest. Justifying the claims are the following

The city of Nagpur is literally the centre of India and this strategic location is the reason why the Multi-modal International Hub Airport at Nagpur promises to be very successful.

MIHAN Project involves the upgradation of the existing Nagpur (Maharashtra) airport to international standards and expanding it by constructing a second parallel runway, most modern passenger and cargo terminal building with state of the art facilities for passenger, baggage and cargo handling. This is going to be supported by development of a SEZ abutting the airport along with rail and road development and allied facilities. The new international airport will be spread across 1278 hectares.

The Maharashtra government has cleared the Rs 2,500-crore aviation cargo hub proposed to be developed in the Nagpur aerodrome area in the state. The project envisages developing an international passenger and cargo hub complex along with railway and road freight centers.

A separate company, Maharashtra Airport Development Company, would be constituted to implement the project. MADC would have equity participation from the Maharashtra State Road Development Corporation, Maharashtra Industrial Development Corporation, City & Industrial Development Corporation and other financial institutions. MSRDC would be the nodal agency for the project, which would be implemented on BOT basis.

The project, estimated to cost Rs 5,000 crore, would be taken up in phases. Of the total project cost, around Rs 2,500 crore would be raised through private participation, while Rs 200 crore would be brought in by the state government for acquiring 2,556 hectares of land. An investment of Rs 1,125 crore is envisaged by 2006 in the first phase of the project.

Global aviation major Boeing is setting up its $100 million regional maintenance, repair and overhaul facility for its aircraft, in Nagpur. This is expected to create upto 3,000 highly paid jobs and another 30,000 jobs indirectly.

With Nagpur having one of the best and maximum numbers of Engineering colleges in India, Nagpur making it as the next IT hub was much evident. Today, Nagpur is justifying its position as the education ambassador and IT park promises to recruit every graduate, thus making it a hot destination. Realizing its potential, leading IT firms have expressed interest in developing their campuses here. To name a few

  • Tata Group to open up two units in city
  • IBM Enters Nagpur with SMB Focus
  • HCL to set up Rs 1,000-cr IT park at Nagpur
  • Wipro enters Nagpur with its IT park
  • Dell to set shop in Nagpur
  • Satyam is coming up with its IT park
  • DLF is making its IT park
  • Shapoorji Pallonji & Co has got 100 acres of land for building IT Park
  • L & T Infocity have expressed interest in 120 Acre of land for developing an IT campus

What people look for is the brand, and what better and commonly noticeable brand then the property built around us. The structures makes the landscape, and with leading housing companies like DLF, Sahara, Satyam etc coming up in the city, the landscape of the city is on the path of change. With IT and other companies coming up, accommodation and other facilities like health centers, entertainment zones becomes the need of the hour and construction companies have all the solutions. To name a few

  • Satyam to invest Rs 3,000 crore in the integrated township project.
  • Sahara city home to come up in city
  • Mantri Realty, a Mumbai-based real estate major, is investing close to Rs 1,600 crore for a 300-acre township project
  • Many local developers are coming up with their townships, row houses, service apartment schemes on wardha road.
The Special Economic Zone adjacent to the International Hub Airport shall offer high quality infrastructure facility & support services and allow duty free import of capital goods and raw materials.
The Health City shall be spread over 60 Hectares of land within the SEZ. It will provide about 2000 beds in various multi-specialty hospitals. This shall be accompanied by various support facilities like Common Diagnostic Center, Common Waste Disposal Facilities, Economy and Luxury Class accommodation for relatives or companions, Training Institute for Nurses and Technicians. The proposed Health City, envisaged as the preferred destination for health tourists all over the world, shall be in the SEZ giving the operators the tax concessions and other benefits as per the SEZ Act 2005. The Health City shall offer state of the art health care facilities in various super specialties like Neurology, Orthopedics, Cardiology, Ophthalmology, Pediatrics, Organ transplantation etc.

Manufacturing and Value added units would be constructed in about 963 Hectares, It would consist of the following:

  • Textile & Garment Zone
  • Gem & Jewellery Zone
  • Food Processing Zone
  • Pharmaceutical & Bio- Medical Zone
Maharashtra Airport Development Company (MADC) has proposed a 100 MW coal based Captive Power Plant with back up generators spread over an area of about 52 Hectares. The power plant is being modeled without any assistance of grid power. The proposal is to have an uninterrupted assured power supply to the units in the SEZ area with the permissible voltage fluctuation 5%. Because of the benefits of the SEZ, the project cost will go down by about 30% and also the cost of power at the end use will be economical
A Rail and Road Terminal has been planned, which will cover an area of about 200 Hectares. This Road and Rail terminal along with the airport will give an excellent multi-modal advantage with the interface of Air, Rail and Road Transport. It will consist of huge warehouses, cold storage and space for open stockyard. There will be ample space for parking of trucks with truck maintenance and refueling station, weigh bridges and other related services provided in the terminal.
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