The transformation of Nashik’s real estate sector has been amazing. Once upon a time, it was a pilgrimage destination. Along with the changing times, real estate market of the city has transfigured. Today, Nashik has become the fourth fastest growing city of India and it is an emerging smart city.
The Golden Triangle Project, which is the flagship initiative of Maharashtra state government connects the cities of Pune, Mumbai and Nashik via rail. Nashik’s connectivity to these metropolitan cities has increased. There are home buyers and investors from the state of Maharashtra who are looking towards Nashik as an ideal residential destination mainly due to the Golden triangle project. While Pune and Mumbai are buzzing with numerous options of residences and apartments, there are many growth pockets in and around Nashik, such as Ambad-Satpur industrial belt, Dwarka and Panchavati. These areas are the emerging residential hubs of Nashik. For instance, we, at Shree Prakash Developers, have developed a residential project named ‘Le Regalia’ and a commercial project ‘Dinkar Heights’ in the Ambad-Satpur industrial belt.
The average property rates of flats in Nashik for sale are within Rs. 4000-5000 per square feet. There are certain high profile areas in the city like Gangapur, Igatpuri, Satpur and Ambad where the rates have gone up to Rs. 8000 per square feet. The rates won’t fluctuate frequently. Rather, they are expected to stabilize over a period of time.
The encouraging fundamentals in Nashik like high end infrastructure, excellent connection with the regional growth centres, adequate water supply, by Air connectivity with the metropolitan cities like Delhi, Bengaluru and Kolkata, well-developed industrial areas and availability of skilled labour have fostered the development of the city’s real estate sector. The developed economy of the city has also played a crucial role in facilitating building new residential property in Nashik.
So, pick your dream home and invest in the real estate sector of the potentially emerging smart city of Nashik. A nice opportuinity is knocking your door!