What is Pushing the Demand for Apartments in Nashik

Located around 190 kilometres away from Pune and Mumbai, Nashik is one of the well-known industrial districts, turning into a sought-after property investment destination. The five major industrial zones developed in this city by the MIDC (Maharashtra Industrial Development Corporation) are Ambad, Gonde, Satpur, Igatpuri and Sinnar. Development of these industrial zones has helped in pushing the demand for apartments in Nashik. With more and more people moving to this city due to jobs in engineering, auto and electrical industries, developers are launching new residential projects in this part to lure buyers and investors.

This city also offers good infrastructure growth. It has well-developed road transport system, good water supply and a good mix of educational and healthcare facilities.

Pune’s realty market has started coming to a saturation point and this is one of the main reasons why Nashik realty market has gained popularity. This industrial hub’s proximity to Mumbai and Pune has pushed the demand for villas, rows houses and 2 BHK apartments in Nashik.

It is also a famous pilgrimage centre as the Kumbh Mela development every 10 years gives the required boost to the city’s infrastructure. Climate in this city is very pleasant. It is as good as the climate Pune had almost 20 years ago. Low cost of living and reasonable property rates are bringing in more buyers and investors to this city.

The city also offers cheap commercial lease rates as compared to the skyrocketing rates in Pune and Mumbai. The western part of Nashik is quite developed; however, the southern part of the city has some attractive real estate projects that are perfect for investment. Property developers are coming up with classy and large homes in the city, following the real estate trend in Pune. They are offering a wide range of facilities and amenities to lure buyers into buying or investing in their projects.

If you are looking to invest in a commercial property in the city, you can check out the developments in College Road, Nashik Road, Old City and Gangapur Road. However, for residential properties, you can check out the options available in newly developed or developing suburban areas of the city such as Indiranagar, Pune Road, Anandwalli, Pathardi and Makhmalabad. In these areas you can find good properties at a rate that won’t burn a hole in your pocket. According to the real estate experts, it is a good idea to invest in Nashik properties, especially for people who are looking for a high return on investment. The city has great potential for growth due to leisure, pilgrimage and business tourism.

Reaching this city from Mumbai has become easier due to improved connectivity. Many people prefer buying their second home and retirement home Nashik due to a relaxed lifestyle, low cost of living, reasonable rates of properties and good climate. So, if you also wish to invest in Nashik, check out the different projects being launched by developers.