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Maharshee Dattatrey Apartment by Maharshee Builders is a residential project loc...Read More
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Dharampeth is a vibrant locality situated in the western part of the city of Nagpur, Maharashtra. This locality falls within the Nagpur district of Maharashtra, with a population of 16,745 residents and an area size of about 0.59 square kilometres.
This emerging locality is situated beside the Baji Prabhu Main Road, with the W High City Road and 5th Cross Road serving as major connectivity points to various places. Moreover, the area is surrounded by prominent localities such as Ram Nagar, Gokulpeth, Gorepeth, Bhagwaghar Layout, and Shankar Nagar.
Additionally, Dharampeth provides easy access to tourist attractions, such as the Central Museum of Nagpur and Sitabuldi Fort, within a 4 km radius, adding to the appeal and allure of the area.
Investing in Dharampeth presents a lucrative opportunity due to several compelling factors. With an average price of Rs. 9,200 per square foot for apartments and a rental yield of around 1.8%, the area showcases a steady appreciation in property values. Additionally, the proximity of Dharampeth to localities such as Khare Town, Shivaji Nagar, and Shankar Nagar, which offer flats in a similar price range, enhances the appeal for those seeking diverse housing options within a specific budget range.
Furthermore, the renowned developers, including Golden Homes Infrastructures, Jarry Profit Group, Rai Real Estate, M. Kulkarnis Builders, Maharshee Builders, and Rachana Construction,
contribute to the region's credibility and desirability. The developers reflect a commitment to quality construction but also offer a range of residential choices.
Here is the statistical data to understand the price trends in Dharampeth, Nagpur:
Year | Price/Sq. ft |
---|---|
2019 | Rs. 7,250 |
2020 | Rs. 6,000 |
2021 | Rs. 5,800 |
2022 | Rs. 8,300 |
2023 | Rs. 9,200 |
Disclaimer: All the above mentioned prices are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary as per the developer, location, and amenities.
Dharampeth boasts a comprehensive infrastructure. The presence of reputed schools, well-equipped hospitals, diverse restaurants, and entertainment venues enhances residents' overall quality of life and contributes to the attractiveness of the locality.
Leading Schools | Renowned Health Centres | Entertainment Venues |
---|---|---|
Heritage International School | Ganga Care Hospital Limited | Eternity Mall |
Indian International School | Mure Memorial Hospital | Empress Mall |
The Buddhist International School | KRIMS Hospital | PVR Eternity Mall |
Modern School | Arneja Heart and Multispeciality Hospital | Fortune Mall |
Nagpur Public School | Orange City Hospital and Research Institute | Poonam Mall |
Dharampeth in Nagpur has demonstrated genuine capital appreciation, with builder floor rates of around Rs. 10,500 to Rs. 10,700 per square foot. Over the past year, the area has seen a Y-O-Y change of 10.7% in flat rates. Looking at a broader timeframe, the last five years witnessed an impressive 37.2% appreciation.
The PIN code of Dharampeth is 440010. It is situated in Nagpur, in the state of Maharashtra.
Dharampeth, Nagpur, is renowned for its captivating colonial-era architecture, characterized by well-preserved and restored buildings that adorn its streets. The area also boasts a lively nightlife scene, adding to its charm. Additionally, Dharampeth is home to popular tourist attractions, including Futala Lake, Deeksha Bhoomi, Thakurwadi Agriculture and Eco-Tourism, Ambazari Lake and Garden, Japanese Rose Garden, and the South Central Zone Cultural Centre Nagpur.
Dharampeth is a desirable residential area with convenient access to healthcare facilities like Wockhardt Super Speciality Hospitals and Sunflower Hospital within a 1 km radius. The presence of prominent malls like Eternity Mall and Glocal Square (within 2 km) adds to its appeal.
Additionally, cultural attractions like the Central Museum of Nagpur and Sitabuldi Fort within a 4 km radius contribute to the locality's attractiveness for living.
The future of Dharampeth appears promising, given its current growth trajectory and diverse real estate offerings. The average monthly rental range of Rs. 8,450 to Rs. 11,050, with an appreciating rental yield of 1.8%, indicates various housing options catering to different budget segments.
1 BHK in Dharampeth costs in the range of Rs. 12 Lakh to Rs. 46.5 Lakh.
The average size of a 1 BHK in Dharampeth is 832 sq ft.
The rent of 1 BHK in Dharampeth lies in the range of Rs. 12,000 to Rs. 18,500 per month.
2 BHK in Dharampeth costs in the range of Rs. 30 Lakh to Rs. 70 Lakh.
The average size of a 2 BHK in Dharampeth is 1250 sq ft.
The rent of 2 BHK in Dharampeth lies in the range of Rs. 18,000 to Rs. 30,000 per month.
3 BHK in Dharampeth costs in the range of Rs. 52 Lakh to Rs. 2.5 Crore.
The average size of a 3 BHK in Dharampeth is 1400 sq ft.
The rent of 3 BHK in Dharampeth lies in the range of Rs. 30,000 to Rs. 70,000 per month.
4 BHK flats in Dharampeth cost in the range of Rs. 1.6 Crore to Rs. 6.1 Crore.
The average size of a 4 BHK in Dharampeth is between 2200 sq ft.
The rent of 4 BHK in Dharampeth lies in the range of Rs. 65,000 to Rs. 1.5 Lakh per month.
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