WITH the announcement of New Nagpur Project, a 1,710-acre International Business and Financial Centre (IBFC) development, planned over 15 years in three phases, by Maharashtra Chief Minister Devendra Fadnavis, city’s reality growth gets boost. The first phase of this new project covers 1,000 acres. The Samruddhi Mahamarg, development in MIHAN, growing Nagpur Metro, Smart City project are adding to Napgur’s growth. For New Nagpur, two Memorandum of Understanding (MoUs) have been signed between the Nagpur Metropolitan Region Development Authority (NMRDA) and NBCC and HUDCO.

 

This will bring investment to the tune of Rs 11,300 crore for infrastructure and land acquisition. Located at Godhani and Ladgaon in Hingna taluka, the IBFC aims to transform Nagpur into a global business and financial hub. Over Rs 2 lakh crore in public and private investments are currently driving Nagpur’s growth across expressways, industrial corridors, and civic upgrades. The Samruddhi Mahamarg has reduced travel time between Mumbai and Nagpur from 16 hours to 8 hours. MIHAN has attracted Rs 20,000 crore in investment, making it India’s largest multi-modal cargo and IT hub. The Nagpur Metro, is regarded as India’s greenest metro system.

 

The Smart City Project involves Rs 3,500 crore in upgrades covering e-mobility, water management, sanitation, and digital governance. The hospitality sector has seen Rs 1,100 crore worth of MoUs signed by major global hotel brands, including Taj, Hyatt, and Hilton. Colliers India ranks Nagpur as India’s No. 1 emerging city, citing its infrastructure progress and demographic advantage. Land values along the Samruddhi Corridor, connecting MIHAN, the upcoming International Business and Finance Centre, and Butibori Industrial Zone, are projected to appreciate by 5.2 times over the next decade. Samujjwal Ghosh, Chief Executive Officer, The House of Abhinandan Lodha said “Every few decades, a city reaches its inflection point and Nagpur is at that moment now. With enhanced connectivity, rapid infrastructure growth, and a strengthening economic base, Nagpur is fast emerging as a hub of opportunity for residents and investors alike. At The House of Abhinandan Lodha, we use deep market insight backed by our strong research team to identify locations with tremendous growth prospects, enabling long-term wealth creation through investments in branded land.”