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Property Rates in MIHAN, Nagpur

Comprehensive Market Snapshot

The MIHAN real estate market in Nagpur currently features an asking price of ₹6,429 per sq ft. Over the past few quarters, the location's average rate has seen a slight adjustment, moving from ₹6,655 per sq ft in June 2025 to its current level. This market offers a range of residential options, primarily apartments, catering to various buyer preferences. Meanwhile, the broader micromarket rate has shown some upward movement in recent months.

  • The average asking price for properties in MIHAN stands at ₹6,429 per sq ft.
  • Somalwada commands a premium average rate of ₹8,438 per sq ft, reflecting its high-value positioning.
  • Beltarodi experienced a notable price decrease of -20.25%, with an average rate of ₹4,071 per sq ft.
  • Apartments are currently priced at an average of ₹6,429 per sq ft, showing a minor adjustment of -0.22% recently.
  • Narendra Nagar recorded positive growth in its average rate, increasing by 5.69%.

  • Asking Sale Price₹ 6,429 /sq.ft
  • Insights
  • Price Trends
  • Other Property Rates

Insights for MIHAN, Nagpur Real Estate Market

The MIHAN real estate market in Nagpur presents a dynamic landscape, with the overall location rate for properties seeing an adjustment from ₹6,655 per sq ft in June 2025 to ₹6,429 per sq ft by December 2025. This trend suggests a period of price correction or stabilization within the locality. Conversely, the broader micromarket rate demonstrated volatility, initially dipping but recovering to ₹6,308 per sq ft by December 2025, indicating varied performance across the larger region. In terms of property types, apartments are the primary offering, maintaining an average price of ₹6,429 per sq ft with a marginal recent change of -0.22%. This diverse market caters to a wide array of investment strategies.

  • The MIHAN location rate decreased from ₹6,655 per sq ft in June 2025 to ₹6,429 per sq ft by December 2025.
  • Somalwada maintains its position as a high-value area, with properties averaging ₹8,438 per sq ft.
  • Beltarodi witnessed a significant price correction, with its average rate dropping by -20.25% to ₹4,071 per sq ft.
  • Jaitala and Manish Nagar showed positive growth, with average rates increasing by 3.61% and 2.21% respectively.
  • Narendra Nagar demonstrated robust appreciation, with its average property rate rising by 5.69%.

Market Strengths Market Strengths
  • Somalwada commands a premium average rate of ₹8,438 per sq ft, indicating a strong high-value segment within MIHAN.
  • Narendra Nagar shows robust growth in its average rate, increasing by 5.69%.
  • Jaitala and Manish Nagar demonstrate positive price appreciation, with changes of 3.61% and 2.21% respectively.
  • The micromarket rate has shown an upward trend from ₹5,630 per sq ft in September 2025 to ₹6,308 per sq ft in December 2025, suggesting broader market recovery or growth.
Market Challenges Market Challenges
  • Beltarodi has experienced a significant price correction, with its average rate decreasing by -20.25%.
  • The overall MIHAN location rate has seen a slight decline from ₹6,655 per sq ft in June 2025 to ₹6,429 per sq ft in December 2025.
  • Gotal Pajri shows a downward trend with a -3.38% change in its average rate.
Investment Opportunities Investment Opportunities
  • Consider investing in Jaitala, which shows a positive price change of 3.61%, indicating growth potential.
  • Manish Nagar presents another opportunity with a 2.21% increase in its average property rate.
  • Explore sub-locations like Shankarpur (₹5,621 per sq ft) and Jamtha (₹4,535 per sq ft) which are priced below the MIHAN average, potentially offering value for future appreciation.
  • The current average asking price for apartments in MIHAN at ₹6,429 per sq ft, with a -0.22% change, might represent a favorable entry point for buyers.
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Property Price Trends in MIHAN, Nagpur

Asking Price Trends

The asking price trends for MIHAN reveal a slight adjustment in the location's average rate, moving from ₹6,655 per sq ft in June 2025 to ₹6,443 per sq ft in September 2025, and further to ₹6,429 per sq ft by December 2025. Meanwhile, the broader micromarket rate demonstrated a more volatile path, starting at ₹5,643 per sq ft in June 2025, dipping to ₹5,630 per sq ft in September 2025, before rebounding to ₹6,308 per sq ft by December 2025.

Quarter City Rate
Dec 2025 6429
Sep 2025 6443
Jun 2025 6655
Mar 2025 0
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Price Trends by Property Type

MIHAN's real estate market primarily caters to apartment buyers, with this property type averaging ₹6,429 per sq ft. This segment has experienced a minor adjustment of -0.22% recently, indicating a stable yet slightly shifting market for residential units.

Type Rate (₹/sq.ft) Change %
Apartment 6,429 -0.22
Price Trends by Localities

Within MIHAN, property rates vary significantly across sub-locations, offering diverse investment opportunities. Somalwada stands out with a commanding average rate of ₹8,438 per sq ft, positioning it as a premium residential hub. In contrast, Beltarodi has experienced a substantial adjustment, with its average rate falling by -20.25% to ₹4,071 per sq ft. Jaitala and Manish Nagar show positive momentum, with average rates of ₹6,480 per sq ft and ₹6,156 per sq ft respectively, reflecting increases of 3.61% and 2.21%. Other areas like Shankarpur and Jamtha offer more accessible entry points at ₹5,621 per sq ft and ₹4,535 per sq ft respectively.

Location Rate (₹/sq.ft) Change %
Shankarpur 5,621 -
Beltarodi 4,071 -20.2
Jaitala 6,480 3.6
Somalwada 8,438 -
Manish Nagar 6,156 2.2
Gotal Pajri 4,007 -3.4
Jamtha 4,535 -
Trimurti Nagar 7,094 -
Khamla 5,983 -
Narendra Nagar 7,703 5.7
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