Nagpur City rent per sq ft

The property rental market in Nagpur is still not as active as compared to Metros. The passivity is due to lack of supportive mall culture, although it has recently started digging its foot in Nagpur soil; the traditional retail units are feeling pressure of investments for up-gradation as they still operate on conventional shop model. Slowly but steadily the rent market is showing signs of upward thrust as people in IT areas have started operating from their residences, elevating the residential rent in Red and Dark black areas. The business centers and shopping malls like Big Bazar, Food bazaar, Pyramid etc are coming up. The first multiplex opened last month in Wardhamannagar shows that Nagpur can support multiple nucleuses for mushrooming commercial spots that can give leverage to best judged commercial estate investments within Nagpur city.
The Dark & black areas are primarily commercial Grade A property areas.
In the graph, we can see
Black area- Sitaburdi, Dharampeth
Red area- Dhantoli, Laxminagar, Wardhaman nagarGreen area-Pratapnagar, VRCE exchangeOther areas shown in the graph speak for themselves-

 

NO	PRIME AREA	COMMERCIAL     RENT/ SQFT   As of 1-1-2008	RESIDENTIAL     RENT/ SQ FT.   As of 1-1-2008
1	VIP Sq, Alankar Theatre	75	16
2	Dharampeth Coffee House sq	60	15
3	Civil Lines MLA Hostel sq	40	13
4	Bajajnagar Sq	55	7
5	Morris College T Point	40	7
6	NIT Sq	60	7
7	Dharampeth Bazaar	75	9
8	Shankarnagar Sq	75	14
9	Sadar Anjuman Complex	60	12
10	Central Avenue Road	50	8
11	Sitabuldi Flyover	45	8
12	Central Avenue	55	7
13	Kamptee Road	30	5
14	Yeshwant Stadium	60	5
15	Dhantoli T Point	60	5
16	Panchesheel Sq	75	15
17	Ashok Chowk	25	4
18	Medical Sq	30	4
19	VRCE College	40	6
20	Central Avenue overbridge	35	4

*All in Indian rupees.