Nagpur
The real estate landscape in MIHAN reflects a dynamic shift in pricing as the market balances supply and demand. Recent quarters have seen average rates transition from ₹6,450 per sq ft in late 2025 to the current ₹6,100 per sq ft. While residential apartments are the primary asset class available, the surrounding micro-markets offer a range of rental options that appeal to a diverse tenant base. This environment provides a stable foundation for both potential homeowners and those seeking rental properties.
As of June 2026, the average asking price in MIHAN stands at ₹6,100 per sq ft. This figure reflects a depreciation of 4.9% when compared to the previous quarter, indicating a softening in market demand or an adjustment in seller expectations during this period.
Property prices in MIHAN have shown a downward trajectory in recent quarters, moving from an average of ₹6,450 per sq ft in December 2025 to ₹6,100 per sq ft in March 2026, and remaining at that level as of June 2026. This trend suggests a period of price correction for buyers, providing a more accessible entry point compared to the peak rates observed in late 2025.
Property rates in MIHAN, currently at ₹6,100 per sq ft, are positioned higher than several surrounding areas. For instance, Manish Nagar currently sees an average asking price of ₹5,650 per sq ft, which has experienced a depreciation of 6.67% compared to the previous period. Meanwhile, Besa offers a more affordable entry point at ₹4,800 per sq ft, having shown an appreciation of 2% over the same timeframe, reflecting localized demand strength in that specific pocket.
Rental rates in the vicinity of MIHAN are consistent across key neighbouring areas, with both Manish Nagar and Besa recording an average rental rate of ₹50 per sq ft as of June 2026. These rates have remained stable with a 0% change, indicating a balanced rental market where supply and demand have reached a steady equilibrium for tenants and landlords alike.
The stability of rental rates at ₹50 per sq ft in both Manish Nagar and Besa as of June 2026 suggests a predictable income environment for property owners. Because these rates have seen no percentage change, investors can rely on consistent rental income projections, though they should weigh this against the capital appreciation trends in these specific localities before finalizing an investment decision.
As of June 2026, the average asking price for apartments in MIHAN is ₹6,100 per sq ft. This price point represents a depreciation of 4.9% compared to the previous quarter, which may be of interest to end-users looking for residential options in this developing hub.
