More on Industry News
ASAP Utilities wins ‘Best Microsoft Excel Add-in’ Award at the Global Excel Summit 2025
-
Team Eela
This post was originally published on this site
NAGPUR, India, Jan. 20, 2025 /PRNewswire/ — Liases Foras, India’s leading non-broking real estate research company, has unveiled its comprehensive report, “An Emerging Excellence: City of Nagpur,” shedding light on the city’s rapid transformation and its emergence as a major urban hub in India. This report delves into the broader urbanization trends across the nation while highlighting Nagpur’s role as a standout metropolis driving India’s urban future.
India is experiencing unprecedented urban growth, with its urban population projected to reach 43% by 2036. Urban centers now contribute over 60% of the national GDP, a figure expected to soar to 75% by 2030. As major metropolitan cities grapple with overcrowding, cities like Nagpur are emerging as pivotal engines of economic growth and investment.
It is new urban centers, like Nagpur, that now house nearly half of India’s urban population. With robust infrastructure, superior quality of life, relatively affordable living standards, and significant government initiatives like Smart City Mission, AMRUT, and UDAN, these cities are becoming attractive alternatives to strained metropolitan cities for businesses and residents alike.
Strategically located at the Zero Mile marker, Nagpur’s evolution into a key urban center is driven by several factors:
With its strategic location, growing population, and thriving industrial base, Nagpur is poised to redefine urban living in India. Projects like the ₹30,000-crore MIHAN, the ₹60,000-crore Samruddhi Expressway, and expanding metro corridors are set to propel the city into a new era of economic and social prominence, helping the state of Maharashtra realise India’s vision to be a $5 trillion economy.
Nagpur’s story exemplifies the opportunities within India’s fast growing cities Tier-II cities, proving that with strategic investments, robust infrastructure, policy support from the government and community-centric initiatives, urban centers with strong fundamentals can achieve unprecedented growth. Liases Foras remains committed to empowering stakeholders with insightful research that not only highlights such success stories but also inspires urban planning and investments geared towards sustainable development. As India marches toward a city-centric future, Nagpur stands as a beacon of progress and potential.
About Liases Foras:
Founded in 1998, Liases Foras is India’s only non-broking real estate research company. Our services are grounded in data and science, spanning market intelligence, risk advisory, and valuations for lenders, mortgage companies, developers, funds, and corporations. Our expertise in real estate pricing and understanding market dynamics enables clients to identify opportunities and mitigate risks effectively.
With an unparalleled database covering 60 cities across India since 2003, Liases Foras is widely recognized as a leading authority in real estate research. Our unbiased, in-depth analysis and advisory services stem from a commitment to scientific principles and economic geography, offering clarity in a complex industry.
Liases Foras’ pioneering approach and strategic alliances ensure unmatched real estate advisory services, empowering clients with reliable insights and robust solutions.
View original content:https://www.prnewswire.com/in/news-releases/an-emerging-excellence-nagpurs-transformational-journey-302355274.html
More on Industry News