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Butibori is an industrial suburb situated just outside Nagpur. It is currently witnessing a number of upcoming projects due to multiple factors such as good connectivity, affordability and the development of a MIDC industrial area. As such, one may look at good prospects in Butibori.
The area is developed economic development of Nagpur city. Butibori also claims Maharashtra's first Food-Park. The number of industries operating in the area is around 100, with around 35 under construction. Butibori Industrial Area spans a total area of 1,500 hectares. Despite the pandemic, there has been a considerable increase in demand for land with Maharashtra Industrial Development Corporation, the state government agency that facilitates availability of land by setting up industrial estates.
Butibori lies exactly on the NH-7, about a distance of 13.5 km outside the Nagpur Outer Ring Road. NH-7 continues in Nagpur and connects to Wardha Road, which is an important highway of Nagpur. Butibori also lies close to the intersection of NH-7 and State Highway 262. As such, the suburb enjoys good connectivity to other areas of Nagpur as well as Maharashtra.
The main driver in the residential real estate in Botiburi is the industrial district planned by the Maharashtra Industrial Development Corporation (MIDC). MIDC is developing the suburb as a 5 star industrial district over an area of 23 sq. km. Water is supplied to the area by the Wadgaon Dam. The industrial area also has a good power supply.
The development of an industrial area has led to the development of several residential projects and mixed use projects such as the Mantri Matrix Information & Residential Park. The average property value in the area marked an increase of 75 per cent within three years. This is primarily due to industrial development in the area.
