Live news feed — last updated 06 May 2026
Nagpur's real estate market is seeing a surge in new housing projects, with numerous , pre-launch ,Ready to move developments listed across various localities. Areas like Ganeshpeth , Byramji town ,Mihan, Besa, and Hingna are particularly active, offering a range of 2BHK and 3BHK apartments and plots.
The Maharashtra Government has sanctioned ₹315 crore for various development projects in Nagpur, including footpaths, gardens, streetlights, and sewage lines. This funding, released to the Nagpur Municipal Corporation (NMC), aims to expedite long-pending infrastructure works and upgrade the city's civic amenities.
The Maharashtra government has approved the development of a new Outer Ring Road around Nagpur, a project estimated to cost ₹7,474 crore. This initiative is expected to significantly ease traffic congestion and improve connectivity across the Nagpur metropolitan region.
The Nagpur Metropolitan Region Development Authority (NMRDA) has initiated the 'New Nagpur' project, an ambitious plan to develop a high-tech, globally competitive urban hub spanning approximately 1,710 acres. The project aims to attract businesses and provide advanced infrastructure.
Besa and the MIHAN Zone are identified as the fastest developing areas in Nagpur for 2026, driven by infrastructure development, new residential projects, and property price appreciation.. These peripheral growth corridors such as Besa-Pipla, Mihan, Hingna ,koradi ,wadi ,kamptee are set to see faster appreciation than the core regions of city.
The Nagpur Metropolitan Region Development Authority (NMRDA) has initiated the 'New Nagpur' project, a 1,710-acre development planned as a high-tech, globally competitive urban hub. The project aims to attract start-ups, MSMEs, and technology firms, featuring advanced infrastructure and underground civic utilities.
The House of Abhinandan Lodha's (HoABL) , 78-acre 'Nagpur Marina' waterfront plotted estate in Hingna Taluka has entered a critical construction phase. Land grading and internal road development are underway. The development is linked to the substantial infrastructure investments in the Vidarbha region, benefiting from its proximity to the Samruddhi Mahamarg and MIHAN SEZ.
The European Investment Bank (EIB) has approved a €240 million loan to extend the Nagpur metro network, part of a larger €289.5 million financing for sustainable metro growth in India. This investment is expected to reduce transport-related carbon emissions by approximately 22% in Nagpur and increase daily ridership to around 190,000 passengers by 2041.
The Maharashtra Cabinet has approved the 'New Nagpur' project, which includes the development of an International Business and Finance Centre (IBFC) and the construction of an outer ring road with traffic terminals. The IBFC will be developed on approximately 692.06 hectares of land in Hingna , and inr 6500 crore budget.
The Nagpur Metropolitan Region Development Authority (NMRDA) is acquiring approximately 1,710 acres of land on the outskirts of Nagpur to establish an International Business and Finance Centre (IBFC) under the New Nagpur project. Modelled after Mumbai's Bandra Kurla Complex (BKC) and Gujarat's GIFT City, the project aims to transform Nagpur into a major commercial hub.
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