Nagpur Land Appreciation Graph
In 2006 Nagpur real estate market saw uneven appreciation in land prices diffrent areawise . On an average the land prices soared by 35% approx. whereas in 2005 , it was little over 31% . It is seen that the land price spiral is moving ahead steadily seeing overall development of the city like MIHAN project, Boeing Maintenance Centre and many other projects like Satyam city, KSL`s Empress city, Sahara City, Reliance gas pipeline, etc.
For Adjoining graph-
Red zone(1st circle)- Dharampeth, Sitabuldi etc
Gray zone(2nd circle)- Ajani, Ramnagar, Shivajinagar
Violet zone(3rd circle)-Pratapnagar, Trimurthi Nagar
The land prices rose erratically in the 2nd Circle i.e Gray zone in 2006 as shown in the graph, whereas 1st circle i.e. Grade A property zone has seen a continuous steady growth of over 30% in last year.