New Launch
VIPL Realty Launches NMC's Mixed-Use B-Park in Mahal, Central Nagpur
VIPL Realty, a unit of the VIPL Group, officially launched NMC's B-Park on Thursday in Mahal, Central Nagpur, a joint initiative with the Nagpur Municipal Corporation. Located at Budhwar Bazar, Kelibagh Road, Opposite Kotwali Police Station, Mahal, Nagpur, NMC's B-Park spans more than 42,000 square metres and is envisioned as a new urban destination for Central Nagpur.
| Developer | VIPL Realty, a unit of the VIPL Group |
|---|---|
| Location | Budhwar Bazar, Kelibagh Road, Opposite Kotwali Police Station, Mahal, Nagpur |
| Launch Date | 13 August 2026 |
| Total Area | More than 42,000 square metres |
| Product Type | Retail, entertainment, healthcare and residences within a single integrated development |
| RERA Registration | P50500079968 |
| Booking Status | Bookings for the project are now officially open (as of September 2026) |
Project Overview
A project of the Nagpur Municipal Corporation (NMC) and developed by VIPL Realty, B-Park brings together retail, entertainment, healthcare and residences within a single integrated development. The development transforms the traditional marketplace environment of Budhwar Bazar into a more organised and contemporary mixed-use destination.
Mahal Context: Historic Core with Commercial Shift
Mahal is the oldest locality in Nagpur. This is old Nagpur at its most authentic — a market-turned-residential pocket that has been doing business since long before IT corridor and smart city entered the local vocabulary. Mahal is a premium locality with an ample supply of ready apartments, followed by independent houses, and this locality is near CA Road, Itwari and Mangalwari. Traders, government employees, joint families running three generations deep under one roof, and a fair number of professionals who simply refuse to leave the neighbourhood they grew up in — that's the Mahal crowd.
Commercial property has increased by 40.29% in Nagpur, with areas like Ashi Nagar and Nehru Nagar emerging as new commercial hotspots due to saturation in older areas like Gandhibagh and Mahal.
Nagpur's Investment Momentum
Nagpur has been ranked as the #1 Emerging Investment Destination among 30 Tier-II cities by Colliers (2025) and is projected to witness 5.2x appreciation across emerging micro-markets between 2024 and 2035. With over ₹4,500 crore in announced investments including ₹1,500 crore by JSW Group for a magnesium plant and renewable energy initiatives, ₹2,000 crore towards next-generation logistics parks, and ₹1,500 crore by Reliance Consumer for an integrated food and beverage manufacturing facility, Nagpur is witnessing unprecedented momentum.
About VIPL Realty
VIPL Infrastructure Private Limited is a real estate and construction private limited company based in Nagpur, Maharashtra, India, established in 2012. Engaging in real estate builders & developers within the construction sector, it operates the VIPL IT Park in Nagpur and brings extensive infrastructure development experience to the NMC B-Park project.
Frequently asked questions
When did bookings for NMC B-Park open?
Bookings for the project were officially launched on 13 August 2026.
What is the exact location of NMC B-Park?
The project is located at Budhwar Bazar, Kelibagh Road, Opposite Kotwali Police Station, Mahal, Nagpur.
What components does NMC B-Park include?
B-Park brings together retail, entertainment, healthcare and residences within a single integrated development.
Who is the developer of NMC B-Park?
VIPL Realty, a unit of the VIPL Group, is developing the project as a collaboration with the Nagpur Municipal Corporation (NMC).
What is Mahal's position in Nagpur's real estate market?
Property rates in Mahal have seen some fluctuations in the past year, and demand for residential properties, especially apartments and independent houses, remains strong. On the commercial side, there's a structural shift underway: commercial property has increased by 40.29% in Nagpur, with areas like Ashi Nagar and Nehru Nagar emerging as new commercial hotspots due to saturation in older areas like Gandhibagh and Mahal.