Find Out Why Investing In Properties In Nashik Might Be Beneficial For You

Being a crucial part of the Golden Triangle- Nashik is fast becoming a city that is ringing with many realty registrations. Owing its proximity to cities like Mumbai and Pune that have reached their saturation points, the abundant properties in Nashik are enticing many property seekers and real estate developers to make investment in this quaint city. Below we decode a few reasons why investing here could be a fruitful decision.

Developing social infrastructure

Moving away from being a pensioners’ paradise- the city is developing into becoming a realty hub thanks to the rapidly developing physical and social infrastructure. The 22 acre new airport in Ozar, the widening of the Mumbai-Agra Highway and the SEZ (Special Economic Zone) coming up between Sinnar and Igatpuri have lured many market enthusiasts. Both local and reputed property builders are coming up with various capital ventures that meet the needs and demands of people from various walks of life. An array of apartments in Nashik have mushroomed in the resent past that range from being affordable to ultra luxurious.

Strategic location and connectivity

Its nearness to established cities like Mumbai and Pune has helped Nashik become a realty destination. The skyrocketing prices and the limited space has forced many migrants from these neighbouring cities to shift base here. The growing employment opportunities and the steady standard of living make Nashik a realty hotspot. The city’s seamless connectivity is another factor that is luring in many investors and second time home buyers. Arterial roads like National Highway 3 and National Highway 50 help ease access to other parts of the state.

Neighbouring cites like Aurangabad and sections of Gujarat too are easily networked via state highways. Intra-connectivity is further fulled by MSRTC buses and railways. The proposed Greater Nasik Metro project is another sought after project that is roping in a lot of investments. Properties in Nashik are being purchased in and around proposed sites in the hope that they might appreciate on a later date.

Where to invest

Many neighbourhoods have emerged as residential catchment areas in the recent past. Some of the areas that are brimming with construction activities include Indranagar, Gangapur Road, Pathardi Patha and Govindnagar. While some localities like Gangapur are faring well because of the existence of many world class office spaces, the others are flourishing due to its connectivity and civic stability. Tech parks along Pathardi Phata and Gangapur are luring many real estate developers to build many affordable apartments in Nashik, Govindnagar and Indiranagar have advanced due to its premium housing units.

What is on offer

On an average 2 BHK apartments for sale here are cited to cost anywhere between Rs 3,000 and Rs 4,700 per square feet, depending on the amenities and facilities offered by the builder. Capital values of row houses and residential homes along localities like Deolali Camp and Gangapur Road are cited to hover over a price bracket of Rs 50 lakhs.

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