Nashik often referred to as the 鈥榃 ine Capital of India 鈥?is a city in Maharashtra
nearly 180 km away from Mumbai, the state capital. Well known for picturesque
surroundings, pleasant climate and flourishing valleys, it is the 3rd most important
city of the state after Mumbai and Pune. This is why real estate in Nashik is
witnessing large scale developments today post saturation of property markets in both
the cities of Mumbai and Pune.
Nasik is a major tourist destination chiefly for pilgrims since Kumbmela is held in
this holy city once in 12 years. Tourists from all over the country who visit Shirdi or
Trimbakeshwar also throng the city to be a witness of the beautiful sights in the region.
Some of the worth watching places in Nasik are Gangapur Dam, Dushsagar Fall,
Stone Age site, Museum of Numismatics, Anjaneri Parvat, Pandavleni Caves, Bird
Sanctuary "Nandur-Madhyameshwar" and others. This means it does have a slightly
developed tourism sector that attracts travelers from around the nation, making it
significant to develop commercial property in Nasik. The hospitality sector in the
region and its peripheral areas is undergoing a few changes to attract more tourists.
Nasik is today counted among fastest growing tier-II cities of India owing to the
rapid growth in its economy. From engineering & manufacturing units for automobile
& pharmaceutical companies to thermal power plant & printing press to agriculture &
sugar mills, the city houses them all. It is also known as 鈥業 ndia 鈥檚 Napa Valley
鈥?for its globally acclaimed wine market even as efforts are made to promote export
oriented Rose farming. Apparently, the city has a huge commercial and industrial
market that is expanding further with entry of more companies. This calls for
investments in commercial real estate of Nashik catching attention of various realty
builders and investors. It has gargantuan potential, hitherto untapped, for swift
transition from a pilgrimage town to a tier-II city.
Home to aircraft & other major automobile industries, IT Parks, government run
industries, data centers and malls & multiplexes; Nasik is progressing in full swing.
Besides industrial advancements, Nasik is also considered as the Educational hub of
North Maharashtra. It has numerous private & government universities for higher
education in diverse fields as well as primary & secondary schools. It also boasts of
excellent infrastructure with well connected roads, railways & airways and bus & taxi
services. Clearly, the city has all the makings of a major city where even as
commercial setups are already flourishing, the residential realty needs are to be still
addressed. This is why, residential property in Nasik is witnessing launch of many
projects for the construction of multi storied apartments in a cluster of buildings
equipped with modern amenities like swimming pool, health club, etc. The property
builders are actively coming forward to create an upmarket lifestyle by structuring
classy homes altering the skyline of the city.
The housing projects in Nashik are undertaken by some of the leading realty groups
like Parsvnath Developers along with others like Sanklecha Constructions, Nirman
Group, Pune based DSK Group, Bindu Developers, etc. The capital values of property
in Nashik are also spiraling up owing to the humungous growth taking place in the
city. Still in its nascent stages, Nasik real estate offers varied options for investment at
present but the scope may reduce as the market gets swifter. It is increasing for this
very reason that leading businesses and industries are opting for this city for setting up
their units. The lower property costs and easy availability of land & manpower are
instrumental in the upsurge in Nashik realty sector.
Deepika Bansal writes on behalf of 99acres.com, which is an internet portal
dedicated to meet every aspect of the consumers needs in the real estate industry. It is
a forum where buyers, sellers and brokers can exchange information. At 99 acres, you
can advertise a property in India , search for a property, browse through Nasik
property & other Properties.