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Kesar India Limited has purchased a 24,256 sq metre land parcel in Hingna, Nagpur, to develop a mixed use high-rise project spanning over 1.5 million sq ft, with projected revenue of around INR 900 crore. The acquisition reflects growing demand in Nagpur for integrated residential and commercial developments, driven by population growth, rising incomes, and infrastructure improvements such as the Samruddhi Expressway. The project aims to meet the needs of both residents and businesses. The move strengthens Kesar India's presence in one of Maharashtra's fastest-growing real estate markets.
Kesar India Limited has acquired a 24,256 square metre (around six-acre) land parcel in Hingna, on the outskirts of Nagpur, for developing a mixed?use high-rise project combining residential and commercial spaces. The project is expected to deliver over 1.5 million square feet of built-up area, with potential revenue of approximately INR 900 crore. The company highlighted that the acquisition is a significant step in its strategic expansion plan, reflecting confidence in Nagpur's growing urban and commercial potential. Advertisement
Officials from Kesar India said the move aligns with the rising demand for quality housing and integrated townships in the city. They noted that Nagpur's expanding population, rising incomes, and ongoing infrastructure improvements are key factors driving real estate growth. The project is also designed to meet the needs of both residential buyers and commercial tenants, aiming to provide a balanced urban ecosystem.
Hingna has recently attracted several developers due to its proximity to Nagpur's city centre and connectivity improvements, including the Samruddhi Expressway and other regional transport projects. This has led to a surge in interest for high-rise and integrated township developments, making the area a prime location for long-term investments.
For Kesar India, this acquisition strengthens its pipeline in Maharashtra's fast-growing real estate market. By choosing a mixed-use development, the company aims to cater to both end-users and businesses, while supporting sustainable urban growth in Nagpur. The project is expected to set a benchmark for modern urban planning in the region.
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