Nagpur property market heats up as Sitabuldi to Koradi Metro corridor gets finalised

The metro corridor linking Koradi and Sitabuldi has finally been proposed as part of the Metro Phase 3 expansion in Nagpur. The conversation has previously sparked a huge interest in the local residential and commercial real estate market.

The Sitabuldi to Koradi metro corridor was put on the table as part of the Comprehensive Mobility Plan (CMP), as confirmed by senior officials of Maha Metro. Now, alongside speculations surrounding the route of the new metro corridor, placement of stops, and configuration of construction, discussions regarding its influence on local property values are on the rise. This newfound interest in the real estate market, alongside this metro corridor, can open up new opportunities. While real estate developers are keeping a close eye on transit-oriented development, local residents are speculating on new station placements and how they are going to affect their property value.

However, it is to be noted that no plan has been finalised yet as the procedure is in its budding stage. The final route will be confirmed once the Detailed Project Report (DPR) is published. So, interested homebuyers and property investors are advised to keep a close watch on official statements by the authorities before making any decisions.

Source: Times of India, Economic Times