Lunkad Colonnade
Wathoda Road is the eastern periphery of Nagpur — genuinely peripheral in the sense that five years ago this area was farmland and villages, and today it has a mix of industrial units, planned residential layouts, and projects like Lunkad Colonnade attempting to create township living at the city's edge. I want to be honest about what buying in Wathoda Road means in 2024. You are making a bet on Nagpur's eastward expansion. The fundamentals supporting this bet: MIHAN is east of the city and the employment it generates creates eastward residential pressure; the Ring Road makes Wathoda Road accessible to the rest of the city; the land cost differential from central Nagpur is significant enough that developers can offer better specifications per rupee. Lunkad Realtors is a Pune-based developer expanding to Nagpur. Their Pune projects — I researched two of them in Hadapsar — have been delivered roughly on time with decent quality. The Nagpur project represents their first tier-2 city foray, which means they are being careful about the product to establish their reputation here. Lunkad Colonnade is a township concept — 12 towers, over 1200 units, amenities including swimming pool, clubhouse, jogging track, and a dedicated commercial zone within the campus. At this scale, the economics of amenities work: the per-unit maintenance cost for a swimming pool across 1200 residents is negligible compared to the same pool for 200 residents. The challenge: Wathoda Road's social infrastructure is still developing. The nearest established school is 20-25 minutes away. The nearest hospital is a similar distance. For a young family with school-age children, this periphery trade-off is real. For a young professional couple or investors, the trade-off is manageable given the price.
₹35.00 L – ₹70.00 L