Nashik’s Real Estate: An Attractive and Dynamic Market!

If you glance through Nashik’s real estate market, you will surely get attracted towards such a worthy market. The opportunities which it offers to the people for home buying and investments are exciting and amazing. In this blog we will run you through some important aspects of the city’s real estate market. 

 

Nashik, which is the wine capital of India, has got excellent infrastructure and lifestyle amenities. The future prospects of investing in the city’s real estate market are promising. If compared to the cities like Pune and Mumbai, Nashik has got qualitative residential properties and affordable property rates. Unlike Nashik, Pune and Mumbai are buzzing with a lot of residential units priced at a much higher rate than that of current trends in Nashik. This has made the builders and promoters to develop their projects on the outskirt areas of these cities. For instance, places in Pune like Pimpri and Chinchwad are now having ample projects by builders and developers, to meet the ever-increasing demand around Pune. Due to this reason, many people from Pune and Mumbai are looking forward to Nashik as a potential investment destination. As Nashik Real estate Prices are reasonable, people get lured towards various properties and  houses for sale in Nashik.

The city has been transformed from just being a pilgrimage destination to all the fronts including industrial and real estate. Once upon a time, it was just a weekend getaway spot. Now-a-days, the scenario has changed, wherein the city has witnessed industrial progress and growth. The areas of the city like Ambad, Satpur, Sinnar and Gangapur have now become industrial hotspots. All sorts of industries, public and private limited companies have been established in these areas. Commercial lease rates are also reasonable in this city.

Above all, it is Nashik’s pleasant climate, which is conducive for home buyers, along with the growth and development of residential properties across the city. Hence, people consider the decision of investing in the city as a safe and an assured decision. Apart from this, the city is in the take-off stage of development, which is yet another advantage of investing in the city. Recently, Union Budget 2016 and Railway Budget 2016 have been rolled out in the month of February. This wine capital of India has received several good news from the railway budget. A 265 km long track is going to be laid down between Pune and Nashik, via Begdewadi and Chakan. Several tax exemptions have been declared through this year’s Union Budget for the home buyers who would be buying property worth of 50 Lakhs.

Undoubtedly, Nashik’s real estate market is booming and mushrooming!

The recent property trends in Nashik that buyers and investors must know!

Would you like to know about the recent trends of property buying and investment in Nashik? The following is an extract of the booming real estate trends in the city.

The on-going property trends in the Wine Capital of India - ‘Nashik’, are interesting for both, the buyers and the investors. These trends differ as per the areas in the city. Below are certain key aspects related to the latest trends in Nashik’s real estate sector!

The areas in Nashik like Gangapur Road, Indira Nagar and Panchawati are the hotspots for home buying and real estate investment. The property rates in these areas vary as per the location of residential projects by the builders in the city. The average rates at Gangapur Road are Rs.4450 per sq. ft. Although it can be a good location to purchase a property right now, keeping aside the investment perspective, it will be too early to analyse the investment opportunity in this location as the price range of properties is already more than that of the properties in the nearby localities, thus limiting the appreciation of property value in the coming years. 

At Indira Nagar, the average rates are Rs. 3430 per sq. ft. The area is located inside the city and hence, buyers and investors often prefer buying a property or investing in real estate in this area. It has got promising prospects of investment in the near future.

At Panchawati the average rates are Rs. 3240 per sq. ft. The area is descent and surrounded by clean and green natural beauty. Besides, the refreshing cool breeze and mesmerizing, scenic landscapes in this location are often added advantages over properties in other locations. These are the main reasons as to why this area has been on the preferential list of the buyers and investors in the city. 

These were the latest Property Rates in Nashik and, presently, the residential properties are being developed and sold in parlance with these rates. Quality services are provided for the residents in these areas of the city. People have enjoyed nice living experiences and also feel the convenience and refreshing ambience of living over here. Also, there are many upcoming Budget Flats in Nashik in most of the areas. These flats are useful to meet the affordability requirements of the buyers and investors. At the time of buying flats, people do consider affordability as one of the important factors, as they come from varied financial backgrounds. By and large, residential properties have been developed in these areas to meet the needs, demands and requirements from all the financial classes and background.

So, before investing or finalizing your decision, think on the lines of having a substantial investment in Nashik which has turned out to be a fabulous investment juncture.

Why is Nashik a perfect investment destination? (part-2)

RETURNS! The most desired outcome of investments in any business/sector for any investor! 

Yes! We are speaking of the investments and returns!

As we spoke about a few reasons that make the city of Nashik a favourable destination for investments, in our previous blog, here are some more reasons for you that will encourage you to invest in Nashik real estate blindly to get a higher and handsome returns on investments!

Check these out! 

• Increasing Availability of skilled labour:-The availability of skilled labour has enabled Nashik’s real estate sector to prosper and progress along with the changing times. Thus, more and more options in residential, as well as commercial properties are emerging for the buyers and investors. 

• Efficient intra and inter city commuting facilities:-Nashik has got convenient modes of transport in order to commute within and around the city, effectively and efficiently. This makes it easy for the people from various areas in the city to travel long distances without any hassle.

• Air Connectivity with the major national cities:-Flight transport is available from Nashik to the cities like Mumbai, Delhi, Chennai and Kolkata and vice-versa. Hence, for people who have their families living in these cities, it’s a good sign that they remain connected through airlines at all times! 

• Future Prospects and Returns on Investment (ROI) outlook:-The city is exposed to every requirement an investor looks for in real estate, hence, it could give great returns on investment. The rapid urbanization has also enlightened the chances of buying and investing in the residential properties in Nashik.

• Connection via railway track:-India’s Railway Budget, 2016 was recently released on 25th February and the budget has given a good news for the city of Nashik. A new track would be laid down between Pune and Nashik via Begdewadi, Chakan and Ahmednagar. Nashik would also get connected with the Manmad and Indore via rail track.

Having read all of these, what do you plan to do next?

Share your opinions and views in the comments, or connect with us for more insights on the same.

Why is Nashik a perfect investment destination? (part-1)

Investing in real estate has long been a very profitable option for all the investors who have desired to reap greater return on investments.

However, when it comes to the Wine Capital of India, Nashik, the city has recently emerged as an industrial hub and has also turned into a preferable destination for investments due to its growing infrastructure and standards of living.

This month we will be speaking about some of the crucial pointers related to the investments in real estate that make the city of Nashik, one of the best investment destinations.

You might well ask, as to why has the city of Nashik become one of the best investment destinations in the state of Maharashtra? Here are the main reasons to answer this question:-

• Geo-strategic location:- One of the major things that works in Nashik’s favour is its overall geography. The city is third largest (both, area and population wise), located in Northern Maharashtra. Mumbai, India’s financial capital, is at a distance of 180 kms from Nashik by road.     Pune,which is another major educational and IT hub of the country, is at a distance of about 200 kms by road from Nashik. The train journey for the same (via Kalyan/Panvel) stretches to around 5 hours. This geographical location has enabled Nashik to become the third most important city in Maharashtra, after Mumbai and Pune. Being an integral part of the golden triangle, Nashik stands apart from the rest of the cities of Maharashtra when it comes to investment in the real estate industry. 

• Industrial Development:- Nashik is an industrially developed city in the state of Maharashtra. The city has been ranked as the third largest developing city after Mumbai and Pune. Nashik is a dream city for working professionals, students, real estate buyers and investors due to the upcoming of universities, residential properties and improved infrastructure.

• Developmental Landmarks:-There are five industrial spots near Nashik, namely Ambad, Dindori, Sinnar, Gonde and Satpur. Also, development of the IT/ITES sector and commercial malls has facilitated the real estate development of the city.

• Property rates and attractive investment locations in Nashik:-With the exception of a few prime areas, residential rates are in the range of Rs 3000-4500 per sq ft. With the western side of the city already well-developed, one of the fastest-developing areas is the southern side, Pathardi, which already has fast-selling projects.

• Scope of development in Real Estate:-Union Budget 2016 has been recently declared on 29th February and this would have a positive  impact on Nashik’s real estate sector. There is an exemption of Rs.50,000 for the first time property buyers, who would prefer to buy a property within Rs. 50 lakhs and opt for a loan of Rs. 35 Lakhs.

Although these reasons are sufficient to woo any investor’s mind and convincing enough to proceed with investing in real estate in Nashik, there are  a few more reasons that you must know before investing in a property here! Stay tuned for more on these! 

Union Budget 2016 Reaps Benefits for First Time Home Buyers of Affordable Housing Segment!

Nashik real estate sector has finally a reason to rejoice! 

The real estate segment of the Wine Capital that was facing a set sudden rise in prices of properties recently has finally a ray of hope after the announcement of Union Budget 2016, by Finance Minister Arun Jaitley on 29th Feb 2016. The declaration of exemption of Rs. 50,000/-  of annual installment for the first-time buyers who opt for a loan amount of Rs 35 Lacs for a property costing within Rs 50 Lacs has brought hopes among the buyers of the city. 

“It is not a populist, but a responsible budget. The tax measures for affordable housing recognize the potential of real estate sector that will add to growth and job creation. Given the strong linkages of housing with the manufacturing sector, the measures would provide a fillip to the Make in India and Startup India Campaigns. As housing is the only asset for the common man, these measures render the budget socially inclusive”

Says Jayesh Thakkar, President, CREDAI NASHIK

We believe, the announcement during the union budget for the housing sector regarding the exemption of Rs 50,000/- in annual installments will be a big aid for the first time property buyers in the affordable housing segment. 

It’s a sigh of relief for the ones who have been searching for an affordable property in the city. Top builders in Nashik too, which have constructed affordable residential projects such as Parksyde, Samraat Group, etc. can expect a boost in the sales this year.

So finally, the dream homes in the city of Nashik are now going to be a reality for the first time buyers soon! 

What are your views on the Union budget 2016 announcements about real estate sector by Finance Minister, Arun Jaitley? Comment your views below!