Nagpur Improvement Trust to Redevelop Sanskrutik Sankul into 13-Storey Mixed-Use Complex
the Nagpur Improvement Trust (NIT) has announced plans to redevelop its ageing Sanskrutik Sankul into a modern 13-storey commercial and residential complex. Located on North Ambazari Road, opposite the NIT Swimming Pool, this high-rise development will provide much-needed commercial and residential space in a prime area of Nagpur.
The redevelopment is set to take place under a Public-Private Partnership (PPP) model. The project will be carried out by a private developer who has already been awarded the contract following a competitive bidding process. The tender was awarded after the NIT’s board of directors approved the proposal, and the successful contractor agreed to pay Rs 120.46 crore upfront, surpassing the base price of Rs 120 crore. With a total construction cost estimated at Rs 200 crore, the final project expenditure, including the premium paid to NIT, is expected to be around Rs 320 crore. This cost covers both the construction and the additional expenses borne by the contractor. The redevelopment project will involve the construction of a commercial-cum-residential complex on a plot of over 43,000 square feet. The new building will feature a built-up area of more than 1.75 lakh square feet. The 13-storey structure will include two floors dedicated to parking, while the remaining floors will cater to various commercial and residential purposes. The development will provide a much-needed boost to the area, as it is located next to the MahaMetro Aqua Line, benefiting from the metro corridor’s added connectivity. With the Floor Space Index (FSI) of four, the complex will efficiently utilise the available land to accommodate both business and residential needs. The new complex will be designed with a mix of commercial spaces, residential units, and even a starred hotel. While some floors will be leased to commercial establishments, the higher floors will contain residential units. Additionally, a banquet hall is proposed for hosting events and gatherings. This development aims to meet the growing demand for modern urban spaces that cater to both commercial activities and residential living in Nagpur.
For existing tenants of the Sanskrutik Sankul, the developer will pay rent until the project is completed. Once finished, these tenants will be accommodated in the new complex. The NIT will also receive two floors within the building to house its offices. Although the tender has been awarded and the plans are in motion, the exact timeline for the demolition of the current Sanskrutik Sankul building and the commencement of construction has yet to be decided. Nevertheless, the project signifies a step towards modernising Nagpur’s infrastructure and improving urban amenities. It is also part of the NIT’s broader efforts to oversee and manage urban projects across the city, with investments valued at over Rs 3,000 crore. This redevelopment reflects the growing demand for mixed-use spaces in Nagpur, where urbanisation is rapidly transforming the landscape. With state-of-the-art amenities and better connectivity, the new complex promises to be a significant contribution to the city’s real estate and economic growth. As this ambitious project progresses, it is expected to provide a new face for North Ambazari Road, offering both residents and businesses a vibrant and modern space to thrive.
