After Wardha’s land boom, Hingna has now taken center stage as the latest hotspot for investors and developers. Land prices in the region have witnessed a dramatic surge following the announcement of the ambitious Naya Nagpur project, rising from about ₹50 lakh per acre a year ago to more than ₹2 crore per acre today.
The strategic location—where the Samruddhi Expressway connects with Wardha Road—has driven massive interest from realtors. The proposed International Business and Financial Centre (IBFC) in Mouza Gothangaon and Mouza Lagaon has further fuelled demand, transforming previously barren land into some of the most valuable real estate in the region. Even before government acquisition has begun, private buyers are reportedly offering around ₹1.75 crore per acre. However, farmers, aware of how prices are steadily climbing, are holding back and refusing to sell quickly.
Initially, development activity was concentrated around villages situated close to the Samruddhi Expressway. But with Hingna tehsil chosen as a key site for the new project, land rates are escalating rapidly, and experts believe the rally could intensify further. Farmers note that the spillover effect from the two villages marked for Naya Nagpur will ensure even higher returns for agricultural land in surrounding areas.
The property surge, combined with parallel development projects, is expected to generate major investment opportunities on Nagpur’s outskirts. New ventures, particularly in technology-driven sectors, are anticipated as Hingna naturally emerges as the launchpad for growth. Given that the Samruddhi Expressway originates here, the selection of Hingna for the International Finance and Business Centre was seen as an obvious choice.
Farmers Demand Share in Developed Land
At a recent public hearing conducted by the Nagpur Metropolitan Region Development Authority (NMRDA), villagers demanded 12.5% developed land in return for acquisition, citing precedents set during projects such as MIHAN and the Cargo Hub near Sonegaon Airport. Meanwhile, NMRDA is preparing to hire consultants to accelerate the land acquisition process for two major undertakings: the Central Business District and the second Outer Ring Road, both of which will require large tracts of land.
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