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Office Space in Nagpur
Nagpur is the third largest city in the Indian state of Maharashtra. It has been proposed to be one of the cities that will come under the smart city project. The government has roped in Larsen and Toubro to convert Nagpur into the country’s first integrated, large-scale smart city. The city has a political significance too as is the headquarter of the Hindu nationalist organization RSS. Deekshabhoomi, the largest hollow Buddhist stupa in the world is also located here.
Nagpur was witnessing an economic slowdown until about a decade back, but it was able to obtain substantial funding in the recent times and is on a road to recovery since then. The Reserve bank of India has not one but two of its branches in Nagpur. One of the branches holds the entire gold assets of India. Famous Indian packaged food manufacturer Haldiram’s International and renowned ayurvedic brands like Baidyanath and Vicco call Nagpur their home. The oranges that are indigenous to Nagpur have been responsible for giving the city the name “Orange City.” Oranges are widely grown in this area and are a major source of revenue for the traders. The oranges that are cultivated here are not only famous in India but are sought world over. Apart from this, Nagpur is also famous for its handwoven cotton and silk clothes, that are woven by the Koshti community. Mining is an integral activity owing to rich resources of coal in the region. Several of the government-owned mining plants are based in Nagpur. Khaparkheda Thermal Power Station and Koradi Thermal Power Stations are two prominent thermal power stations located near Nagpur. The Multi-modal International Cargo Hub and Airport in Nagpur (MIHAN) is being developed as a project of Dr.Babasaheb Ambedkar International Airport. TCS has already completed construction of its campus on the MIHAN SEZ and Infosys, another noteworthy IT company, has commenced its construction here for ts Nagpur campus. Apart from this Air India’s MRO facility has been constructed in MIHAN by Being and is ready for commercial operation. The Reliance Group has announced an aerospace park called Dhirubhai Ambani Aerospace Park (DAAP) in the MIHAN region. This park would be the first of its kind with an integrated facility in aerospace structuring, engine designing and manufacturing, fabrication and platform integration.
Nagpur is witnessing an economic boom of sorts and there is an increase in demand for commercial office space or office space for rent. The desire of owning or renting a commercial property in Nagpur is skyrocketing. People are coming up with newer solutions to age-old problems of space constraints. In such a situation, the answer lies in the concept of virtual spaces, coworking or shared office spaces or identifying a commercial office space for rent. commercial space for rent in Nagpur could be financially beneficial to small and medium-sized organisations as well as to the larger corporates. Nowadays, it is easy to rent a fully furnished office space, a business centre in Nagpur. Getting just a conference hall in Nagpur on rent too is a very feasible and pocket-friendly option. Acquiring office spaces on rent is the need of the hour and Nagpur has taken to it like a fish takes to water.
Here are some office hotspots in Nagpur
Butibori: This is an industrial area in the suburbs of Nagpur and has been developed as a 5-star industrial district. Butibori industrial region spans to about 1500 hectares in area. Around 100 industries of various sizes operate from this region, some being currently under construction.
Kalmeshwar: This is an industrial town in the district of Nagpur. It has around 150 industrial plots and plants of companies like Cipla Pharma and JSW Steel are located here. People belonging to various parts of the country dwell here. Kalmeshwar has two important tourist places called Dhapewada and Adasa.
Sitabuldi Market: This is known as the heart of the city and is in central Nagpur. It is a prominent commercial market area. It is also a shopper’s paradise due to a large number of shops in this area. The Sunday Footpath Market is a bargain market for purchasing household goods. Various handcrafted cotton-based items are also available here.
Multi-modal International Cargo Hub and Airport in Nagpur (MIHAN): It is the biggest currently ongoing economic development project in India as far as investments are concerned. Its objectives are mainly two-fold i.e. a) to make the international airport act as a cargo hub and b) to develop a special economic zone with a residential area situated on the southern end of the city. MIHAN covers around 2352 hectares in area.
Frequently Asked Questions
What are the best localities to set up an office in Nagpur?
Below table represents per seat price at coworking spaces at best localities in Nagpur:
|Top Localities||Desk Price per month|
|Coworking space in Tilak Nagar||INR 5000|
|Coworking space in Daharampeth||INR 5500|
|Coworking space in Kt Nagar||INR 5000|