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PREMIUM LAND ACQUISITION
OPPORTUNITY IN THE HEART OF NAGPUR,
MAHARASHTRA
MADC – MIHAN Project Office
Deekshabhumi
Zero Mile
Santra Market
Contact: [email protected]
LAND IN CENTER OF NAGPUR CITYLocation : Cross Road, Near Vidharbha Cricket Association
Ground, Civil LinesArea : 50,000 Sq. Ft
(Total area of 55,000 sq. ft. out of which 5,000 sq. ft. to be retained)
Boundaries : East : Servant QuartersNorth : 15 Feet Road, adjacent to VCA , Civil LinesWest : 60 Feet Road (Cross Road)South : Residential Apartments
Distance From :City Center : 1.0 kmsRailway Station : 1.7 kmsAirport : 8.5 kmsMain Market : 1.0 kms
FSI : 2.5xCategory : Residential, Commercial
VIRTUAL VIEW
STRATEGIC LOCATION – IN CENTER OF NAGPUR
National Highway 6
National Highway 7
National Highway
69
National Highway 6
National Highway 7
Sitabuldi- Over BridgeRadisson Blu Hotel- Khamla, Wardha Road
MIHAN
VCA – Sadar
Vidhan Bhavan
Reserve Bank of India, Sanvidhan
Square
National Highway 69Nr. Zingabai Takli
Nagpur Railway Station
Zero Mile
50,000 Sq. Ft. Land
Dr. B R Ambedkar International Airport
Nagpur
POTENTIAL RETURNSParticulars
Land 50,000 Sq.Ft.
FSI 2.5x
Premium 25%
Total Sellable Area 156,250 Sq.Ft.
1. Acquisition Cost : Assumed 7% of total land price2. Development Cost : Rs. 400 Per square feet as suggested by the leading architects and developers3. Construction Cost : Maximum of Rs. 1,700 per square feet as suggested by leading developers of Nagpur4. Selling Price : Based on rate in prime areas of Nagpur
*Note: Property prices in Nagpur are expected to increase substantially over next 2 to 3 years as long awaited development work in the city and region is getting boost from both state and central government as well as several new projects are planned in and around the Nagpur city
Cash Flow Per Square Feet (INR)
Total (INR in Lacs)
Land 3,520 5,500Acquisition Cost1 246 385Development Cost2 128 200Construction Cost3 1,700 2,656 Total Cost 5,594 8,741
Selling Price4
Commercial (40,000 Sq. Ft) 25,000 10,000 Residential (11,6250 Sq.Ft.) 12,000 13,950
Total Income 23,950
Gross Profit 15,209
Cash Flow Per Square Feet (INR)
Total (INR in Lacs)
Land 3,520 5,500Acquisition Cost1 246 385Development Cost2 128 200Construction Cost3 1,700 2,656Total Cost 5,594 8,741Selling Price4 12,000 18,750Gross Profit 6,406 10,009
