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Property Rates in Manish Nagar, Nagpur
Comprehensive Market Snapshot
Manish Nagar has an average asking price of ₹5,650 per sq ft, with a slight downward trend observed in recent quarters. Apartments are priced at ₹5,650 per sq ft, experiencing a notable decrease. Villas, however, present a higher price point at ₹8,650 per sq ft.
- Asking Sale Price₹ 5,650 /sq.ft
Insights for Manish Nagar, Nagpur Real Estate Market
Manish Nagar's property market currently shows an average asking price of ₹5,650 per sq ft, with recent quarterly trends indicating a slight dip from highs seen in late 2025. Notably, apartments are priced at ₹5,650 per sq ft, reflecting a recent decline of 6.67%, while villas command a higher average of ₹8,650 per sq ft with no change. The rental market offers an average rate of ₹23 per sq ft with a rental yield of 4.88%. Neighboring Besa sees higher rental rates at ₹50 per sq ft.
- Manish Nagar apartments have seen a 6.67% decrease in average price.
- Villas in Manish Nagar are priced at ₹8,650 per sq ft.
- The overall average rental rate in Manish Nagar stands at ₹23 per sq ft, yielding 4.88%.
- Besa, a nearby location, reports a significantly higher average rental rate of ₹50 per sq ft.
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Property Price Trends in Manish Nagar, Nagpur
The property market in Manish Nagar has seen fluctuations in asking prices over the past year. While prices were higher in December 2025 at ₹6,050 per sq ft, they have since seen a downward trend. The most recent quarter, March 2026, indicates an average asking price of ₹5,650 per sq ft.
Manish Nagar's real estate market offers diverse property types catering to different buyer preferences. Apartments are currently priced at an average of ₹5,650 per sq ft, showing a recent decrease of 6.67%. Villas, on the other hand, are positioned at a higher average price of ₹8,650 per sq ft, with no change reported in their pricing.
While specific micromarket data for Manish Nagar is limited in this report, the nearby area of Besa shows an average residential apartment rate of ₹4,800 per sq ft, marking a 2% increase. This suggests varied pricing dynamics within the broader Nagpur region.
FAQs about Property Rates in Manish Nagar, Nagpur
As of March 2026, the average asking price in Manish Nagar, Nagpur is ₹5,650 per sq ft. This represents a depreciation of 6.67% from the previous period in December 2025, when prices were recorded at ₹6,050 per sq ft. This recent price movement suggests a softening in the market, which could be a point of consideration for potential buyers.
Property prices in Manish Nagar, Nagpur have seen a downward trend over the past few quarters. From ₹6,050 per sq ft in June 2025, prices remained stable at ₹6,000 per sq ft in September 2025. However, they then saw a more significant decrease, falling to ₹6,050 per sq ft in December 2025 and further to ₹5,650 per sq ft by March 2026. This consistent decline indicates a market correction or potentially increased supply impacting asking rates.
In Manish Nagar, Nagpur, apartments currently have an average asking price of ₹5,650 per sq ft as of March 2026, which has depreciated by 6.67% from the previous period. Villas, on the other hand, command a higher average price of ₹8,650 per sq ft, with their prices remaining stable (0% change) over the same period. This indicates a premium for villa properties compared to apartments in this locality.
As of March 2026, the average rental rate in Manish Nagar, Nagpur is ₹23 per sq ft, with no change reported from the previous period. The locality offers a rental yield of 4.88%. This yield suggests the potential return on investment for property owners renting out their units, calculated based on the current rental income relative to property values.
Rental rates vary significantly across micromarkets within Nagpur. While Manish Nagar has an average rental rate of ₹23 per sq ft as of March 2026, the nearby locality of Besa shows a considerably higher average rental rate of ₹50 per sq ft. Both areas have shown stable rental rates with no change reported in the last period, but Besa commands a premium in rental income.
A rental yield of 4.88% in Manish Nagar, Nagpur, as of March 2026, indicates the annual return an investor can expect from rental income relative to the property's capital value. This figure, combined with the current average asking price of ₹5,650 per sq ft and stable rental rates, provides a basis for evaluating the income-generating potential of real estate investments in the area.
The average price per square foot for apartments in Manish Nagar, Nagpur, was ₹5,650 as of March 2026. This reflects a depreciation of 6.67% compared to the previous period in December 2025, when the average price was ₹6,050 per sq ft. This downward movement in apartment prices suggests a potential shift in market dynamics for this property type.
As of March 2026, the average property rate in Manish Nagar is ₹5,650 per sq ft, while the micromarket average for the same period stands at ₹5,800 per sq ft. This indicates that Manish Nagar is currently priced slightly below the immediate micromarket average. However, this gap has narrowed from December 2025, when Manish Nagar's rate was ₹6,050 per sq ft compared to a micromarket average of ₹6,300 per sq ft.
The listing count of 347 residential apartments in Manish Nagar, Nagpur, as of March 2026, provides an indication of the available supply in the market. While this number reflects the current inventory, it should be considered alongside transaction data to fully understand market demand and absorption rates. The recent price depreciation may also be influenced by the level of available listings.
