Potential of Nashik’s real estate market

The real estate market in the wine city of India, ‘Nashik’ is growing rapidly over the last two decades. The city has got many favourable economic drivers like closeness to the financial capital of India, ‘Mumbai.’ The frontline factors like industries, commerce, education, production, marketing and emergence of lavish residential projects have helped in fostering the growth of the city’s real estate market. 

The mixed economy of Nashik has also been a driving factor for the real estate development in the city. The economic mix of the city includes pilgrimage, defence sector, agricultural and industrial economies. Thus, an integration of several types of economies can be seen in the city. Once upon a time, Nashik was merely a pilgrimage destination. However, now-a-days the scenario has changed completely due to the upcoming of all sorts of industries including residential real estate, IT, Automation and Manufacturing on a large scale.

The real estate development in Nashik has taken place in a very collaborative manner. Most of the times, landlords with sizeable agricultural holdings have either sold masses of lands or entered into partnership with the major builders and developers in the city. The builders have made a good use of this land for developing residential projects, wherein ostentatious, extravagant 2 BHK Flats in Nashik and 3 BHK Flats in Nashikhave become some of the affluent residential options for buyers & investors in the city.

Speaking of the potential of Nashik’s real estate, by and large, the city offers amazing alternativesfor the real estate investors and home buyers. Following are the advantages thatthe city enjoys and plays an anchor-sheet role in the city’s real estate development:-

• Adequate Water Supply
• Part of golden quadrilateral project connecting the cities like Mumbai and Pune
• Numerous healthcare facilities, financial and academic institutions  
• Excellent connection with the regional growth centres Developed IT/ITES Sector
• High quality infrastructure

Nashik’s growth in terms of real estate investments and economic growth is very promising, due to many residential projects underway. 

Concluding the blog in a nutshell, Nashik’s real estate market is high on investment and this is an iron in the fire for the buyers hunting for a home as well as investors looking for a good investment option.