Nagpur A Lucrative Property Investment Destination

Nagpur, famous for its oranges, has successfully emerged as the hub of real estate. The success can be attributed to the over all commercial and residential development of the city. Nagpur, only a milestone behind Mumbai, has attracted and established medium to heavy industry, IT , ITeS and BPO sector to the city. The city has a load of advantages in its favour. Nagpur is one of the most central cities, with abundance of affordable land and labour, which works out in favour of most companies to set up a unit in the city.
In the past 5 years, IT, ITeS and the BPO sector have made inroads in to the city with companies like Satyam, Hexaware, TCS, and WIPRO setting up their facilities in the city. Besides, the Special Economic Zone will host companies in various sectors in the state. One of the most pronounced investments in the city includes that of Boeings USD 100 million maintenance, repair and overhaul base for Asia. This project will lead to a number of job opportunities, talent movement to the state and thus residential development around the site of the project.
The Airport
One of the most talked about projects, the Airport, is the largest economic development project underway in India. The project brought along industry and real estate interest to the city. The projects attempt to make Nagpur, one of the most central locations in India into a cargo hub with the development of the Cargo airport. The project integrates road and rail connectivity. Project consists of two parts namely International airport to act as a cargo hub and a Special Economic Zone with residential zone covering a total area of 40.25 sq. km on the southern end of Nagpur. Spread over 3310 hectares, the MIHAN project will utilize 1200 hectares exclusively for the airport. Since the launch of the project in 2006 there has been extensive commercial and residential development in the city. This also led to a surge in prices in the real estate in the city.
Residential Property in Nagpur
Once a dormant city, Nagpur has made good progress with Malls sprawling up and city coming alive, day and night. Dhantoli, Wardha, Marathahalli, Shankar Nagar and Amravati Road, Manish Nagar have seen extensive residential development and command good rates. The city has not only seen development in the city areas but has also expanded in the north, east and west.
The city has seen massive push in prices owing to the rising demand. Civil Lines remains the citys premium residential neighbourhood, fetching highest rates
Not only that, the city is seeing development integrated townships. as there is abundance of supply there are builders booking large pieces of land. Satyam Group and Sahara Group have shown interest in developing such projects, while DLF has undertaken to develop the SEZ Park in the city and aims at generating over 50000 jobs in the city.

Some of the local builders that have undertaken residential projects include Hindustan Builders, Nikunj Builders (P) Ltd, Roshni Developers and Shewalkar Developers Ltd.
Commercial development in Nagpur
Sky rocketing prices in the commercial real estate sector is the talk of the town in the city. Some of the most intriguing deals at the highest prices include the sale of land by The Maharashtra Airport Development Company (MADC) at Rs. 80 lakh an acre. Within the city the prices are even higher. Even at this price the demand has been steadily moving up with absorption around 50-60%. The logistics park has attracted investment may times over the original investment.
8 million sqft of space in Nagpur is covered with shopping malls. Matching the needs of the residential development and increasing need for sophisticated shopping formats, WHC Road, Itwari and Dharampeth have seen high class retail development. Also, the citys shopping needs are met by markets in Sitabuldi, Sadar, Central Avenue, and Gandhi Baug. There are also another 6-8 shopping malls planned in the city to come up in the by the end of this financial year. These are expected to be located in Grain market in Wardhman Nagar, Jaripatka, Netaji Market and Water Works Department in Sitabuldi, Gokulpeth Market and Pachpoli Flyover near Kamal Square.
Investors in the city

NRIs have shown a special interest in the city, as it is one of the most lucrative tier II city in India. Also, a lot of people who moved out of city to the metros can now plan and move back to the city. This category looks at real estate with high interest.

How to invest

It is easy to find out about the city through the internet. One of the easiest ways is to log onto any site and find about the builders and brokers in the city and contact them through the site. As currently the supply is good, once the first steps are taken finalizing the property will not be much of a hassle.

Nagpur is in its most attractive phases right now and will continue to be the hotspot for coming few years.

Guidelines For Hotel Management

Hotel management college in Punjab provides a graduation degree for that student who wants to develop their career in Hotel industry. After getting degree in hotel management one can get placed in various hotels. There are many hotels .The top most and famous hotel called five stars are Taj, Oberoi , Welcome group, International hotels are Hyatt, Sheraton etc. There are different department in hotel management .According to interest and skill required one can get a job of Front Office, Housekeeping and Beverage Services and Food Production.
The initial salary of a student can be 15k and if someone joined as a management trainee, the salary should be 20-25k.once the training has been done they can join as manager level. For the manager, salary package is very good. Initially, at the entry level, when anyone start their career in hotel management the salary offered is not so good, but after some 1 or 2 year ,on the basis of experience ,they become promoted to high level and then the monthly salary will be very good. Initially student start with management trainee after that promoted as assistant manager and then restaurant manager. In the top restaurant like KFC, Mcdonalds and Pizza hut etc, they provide basic package of salary for the freshers and also provide handsome salary package after promotion .After graduation, student join hotel management as a management training, after complete their training,they become assistant manager and after 2 and half year of experience they got the position of restaurant manager. Then the salary will be around 35-40k with incentives.
The students of hotel management also have options of Airline Industry, Retail Sector, Teaching, and Entrepreneur.
Airline Industry: The students of hotel management also have a option of airline industry. They can be air hostess and flight stewards. They can be selected as a ground staff or as public relationship officers with handsome salary package. The other option is cruise line in which salary offered is very high, approximately 70k initially.
Retail Sector: There is wide range of jobs in retail sector. It includes PVR, Malls, back office jobs, BPO industry, hospitals etc.
Teaching: There are so many colleges for hotel management .One can start with assistant lecturer and after 1 and 2 years of experience he/she becomes a lecturer.
Entrepreneur: Other option is open their own restaurant.
There are many colleges in Punjab for hotel management. Rayat Bahra Institute of Hotel Management is one of them. Many of the restaurant placements are provided in hotel management colleges. Student has many options after completed their hotel management degree and can earn up to their exceptions. Hotel management has a wide range of fields.