Real Estate Nagpur

MIHAN Phase 2: 15,000 Homes Approved, Nagpur Prices to Rise

By GeoSquare News Desk · Published 2026-10-26

Nagpur Metro Region Development Authority (NMRDA) has given the green signal to the second phase of residential development near MIHAN, unlocking a 500-acre zone that will accommodate around 15,000 housing units. The approval is expected to give a major push to the city's western growth corridor.

What this means for property prices

Developers and market analysts anticipate a sharp uptick in capital values across adjoining localities. Property rates in areas around MIHAN are projected to rise by as much as 20 per cent over the next 12–18 months, making early investment a favourable option for end-users and investors alike.

Infrastructure-led demand

The MIHAN project, which already hosts the international airport and a growing logistics hub, is now emerging as a self-contained residential destination. With the new phase, the region will see improved road connectivity, social infrastructure, and utility planning, further strengthening its appeal for families and working professionals.

For buyers, the key takeaway is timing. As the project moves from approval to execution, prices are likely to firm up quickly. Those looking to enter the Nagpur market should evaluate options in the influence zone of MIHAN Phase 2 before the next round of price revisions.