The city’s infrastructure development is driving the demand for real estate and increasing the land prices. With so much construction activities and massive projects underway the land within the city is getting scarcer by the day. Under such favourable circumstances, it appears to be good time to invest in real estate sector, felt Sagar Gandhi, Director of Gandhi Builders and Developers Pvt Ltd while speaking in an exclusive interview with The Hitavada.

Gandhi further said that the people should not miss this opportunity as land prices are expected to appreciate even higher from the current levels. The city’s landscape is changing at a fast pace and the same prices will not be available after a few years. Planned development in and around Nagpur is being appreciated and envyed by people living in other cities.

After COVID-19 crisis the significance of having ones own home has become an important topic in every family. During the COVID-19 lockdowns people were advised by the Government to stay indoors and not come in contact with others. After two years of the pandemic the demand for budget flats has shot up. People with limited income are also aspiring to posses their own dream home even if it is small in size. Gandhi said that they have completely sold out 259 flat scheme of 1 BHK flats and studio flats in Jaitala recently. There is rising acceptance for 1 BHK flats by people who come in the income bracket of Rs 40,000 to Rs 50,000 per month. The 1 BHK flat is available at Rs 15 lakh to Rs 30 lakh.

Gandhi Builders and Developers Pvt Ltd was established by Sagar’s father Narendra Gandhi in the year 1992. With more than 30 years experience in the construction business have successfully completed more than 30 projects. At present the company has five projects underway at Khamla, Untkhana, Omkar Nagar, Hazaripahad and Dhabha.

Gandhi said the with regulator like MahaRERA there is considerable transparency in the real estate market. People should buy properties which banks finance and also check the date of completion.