Here’s a complete 600+ word blog on the topic: “Best Areas to Buy Plots for Student Hostels Near IIM & AIIMS Nagpur”, tailored for your website Bhumesh Realtors, optimized with the right keywords and content structure.
Best Areas to Buy Plots for Student Hostels Near IIM & AIIMS Nagpur
With the exponential growth in Nagpur’s education and healthcare infrastructure, especially around MIHAN, the demand for quality student accommodation and hostels is skyrocketing. Two of the biggest drivers in this transformation are AIIMS Nagpur and IIM Nagpur – both attracting thousands of students, faculty, and healthcare professionals every year.
For smart real estate investors, this opens a golden opportunity to buy plots near IIM and AIIMS Nagpur for the purpose of building student hostels, PGs, or rental apartments. This blog highlights the top areas to invest, expected rental returns, and why this is one of the hottest property trends in Nagpur today.
📍 Why Invest in Hostels Near AIIMS and IIM Nagpur?
Both AIIMS (All India Institute of Medical Sciences) and IIM (Indian Institute of Management) are central government institutions that attract students from all over India. Their campuses are located in the MIHAN area (Multi-modal International Cargo Hub and Airport at Nagpur) – which is fast emerging as Nagpur’s prime urban and commercial development zone.
Key Advantages:
- ✅ Consistent Rental Income: High footfall of students ensures 100% occupancy for hostels and PG accommodations.
- ✅ High ROI: Rental yields in this area are much better than residential apartments or villas.
- ✅ Low Initial Investment: Plots near MIHAN are available at competitive prices compared to city centers.
- ✅ Infrastructure Growth: Excellent connectivity to Airport, Samruddhi Mahamarg, Metro stations, and IT companies.
🏡 Top Locations to Buy Plots for Hostels Near AIIMS & IIM Nagpur
1. Jamtha
Jamtha is one of the most sought-after areas near MIHAN. It is well-developed with wide roads, street lighting, and close proximity to Nagpur Metro’s Khapri station. Many private universities and colleges are also located here, increasing demand for student accommodation.
- Plot Price Range: ₹1,200 – ₹1,800 per sq. ft.
- Distance from AIIMS/IIM: 4–6 km
- Ideal For: 2-3 story hostels or rental PG buildings
2. Butibori Extension (Near AIIMS Backside)
This emerging locality offers affordable plot rates and easy accessibility via the Butibori flyover and Outer Ring Road. Many investors are targeting this area for future rental income as AIIMS continues to expand.
- Plot Price Range: ₹800 – ₹1,400 per sq. ft.
- Distance from AIIMS: 2–3 km
- Ideal For: Budget hostel setups, student mess halls
3. Dongargaon & Shivmadka
Located just off the Samruddhi Mahamarg, these areas are turning into real estate hotspots due to fast connectivity and availability of larger plot sizes. Ideal for long-term investors planning hostel chains or co-living spaces.
- Plot Price Range: ₹600 – ₹1,200 per sq. ft.
- Distance from AIIMS/IIM: 6–8 km (15 mins drive)
- Ideal For: Hostel plus retail combo, canteen space
4. Kothewada & Vihirgaon
These areas are still under development but expected to rise rapidly due to their strategic location near IIM Nagpur and the MMRCL Metro route. Investors can get plots at budget rates today for high returns tomorrow.
- Plot Price Range: ₹500 – ₹1,000 per sq. ft.
- Distance from IIM: 4–5 km
- Ideal For: G+2 hostels, girls/boys PG homes
📈 Rental ROI Potential in These Areas
On average, a G+2 hostel with 15–20 rooms can generate a monthly rental income of ₹1.5 to ₹2.5 lakh, depending on occupancy, amenities, and quality of construction. Considering the high demand from students and medical staff, rental ROI in these zones is above 7–8% annually, far higher than typical residential properties.
✅ Example: A ₹25 lakh investment in plot + construction can yield ₹2 lakh/month if 20 rooms are rented at ₹5,000 each.
🏗️ What Should You Consider Before Buying?
- ✔️ Check if the plot is NMRDA or NA sanctioned.
- ✔️ Prefer plots with RL (Residential Layout) approval for easy loan and construction permissions.
- ✔️ Proximity to main roads, metro stations, and food joints adds value to your property.
- ✔️ Hostels with attached bathrooms, WiFi, and security systems fetch higher rent.
🧭 Conclusion
Buying a plot near AIIMS or IIM Nagpur for hostel construction is not just an investment in real estate—it’s an investment in a steady rental income source for years to come. With the Bhumesh Realtors team, you can get access to verified, NMRDA-sanctioned plots in these upcoming zones and professional guidance to start your hostel project hassle-free.
👉 Looking for affordable hostel investment plots near AIIMS or IIM Nagpur?
📞 Contact Bhumesh Realtors Today!
Visit: https://bhumeshrealtors.com
Would you like a blog thumbnail image or social media caption for this post as well?
