Nashik (or Nasik) is located in the northwest of Maharashtra state, 200 km from Mumbai and Pune. It has a population of over 1 million. An ancient pilgrimage city in Maharashtra, Nashik is a rapidly growing industrial city. Almost every well-known company in India as well as the MNC has a plant located here, thus making the city grow, both horizontally and vertically. Apart from all these developments, Nashik has favorable climatic conditions which make the city & its surrounded areas more scenic & lively.
Nashik is one of the fastest growing cities of India; the credit hugely goes to its industrialization and development since 2002 with malls, new urban areas, infrastructure, educational institutions etc. It is also a pharmaceutical hub with presence GlaxoSmithKline and Fem. In recent years, Nasik has also
carved a niche for itself as India’s “Napa Valley” and locally established wine brands such as “Sula” and “Zampa” have attained international acclaim. The natural benefits of geography and climate and abundant availability of water catalyzed this growth.
These factors are creating lots of opportunities for developers of larger investments. Numerous major developers like Rahija group in conjunction with local real estate DSK Group Sanklecha Construction Group Nirman, etc.are stepping in the city with mega-IT SEZs, and housing projects. All types of residential villas, bungalows, apartments, homes etc in the town trending towards larger house with better and more polished looks along meeting with international accommodation standards. Areas around College Road, Gangapur Road, Jail Road, Indira Nagar, Pipeline Road, Ashok Nagar and Trimbak Road could loosely be categorized as the newly developed outer areas of Nashik.
Upcoming residential properties in Nashik are: Green Meadows by Sanklecha Constructions on Nashik-Pune Road, which offers 3 BHK flats. Nishant Gardens offer ready to move-in bungalows; Royal Nest on Nashik Road has budget homes, and Royale Town, which offers a choice of villas and bungalows.
The development of special economic zone (SEZ) over 1010 hectares in Nashik has brought the most spectacular developments in the commercial real estate market of Nasik. The project carries with all unique features such as race track, city Theatre, Botanical Garden, it zones, areas of education, the development of tourism, entertainment and other such things which makes it stand out. The project has been backed and supported by the Maharashtra Industrial Corporation with an investment of Rs 1555 crores.
Recently the government decided to prepare IT parks in the city of Nashik. The V-Tech park is one of the largest IT parks of Maharashtra. Nashik is also emerging as a BPO/IT destination and is in list of the selected Tier II cities for BPO/IT companies; companies like Datamatics, WNS, Winjit Technologies Pvt. Ltd. , I-Tech System, Nasik Online, Netwin and gloStream , which develops electronic medical record software and practice management solutions, have a presence in Nashik. Legrand at Sinner.
Nashik is deemed “the third most industrialized city of Maharashtra after Mumbai and Pune”, mainly due to extensive industrial development in recent times.All the factors are proportionally related to the growing demand for property in Nashik. Investors in Nashik are spurring up in leaps and bounds. Hence if you are planning of investing in a lucrative city, without second thoughts Nashik is an excellent proposition