CREDAI Nashik welcomes RERA but suggests certain changes

We welcome the effective implementation of RERA and stand in favour with the government’s decision. At the same time we expect certain changes in the provisions of the bill.  

The passing of Real Estate regulatory Bill in both the houses of the parliament has motivated us. We, the Confederation of Real Estate Developers' Association of India (CREDAI) Nashik are of the opinion that the real estate sector will now get the status of a booming industry in the market.

The terms and conditions of this bill would be applicable for the residential projects coming up on the area of 500 sq m onwards or at least 8 flats. As per the bill it is mandatory for the builders to register the projects by providing their details online including the name of the project, name of the builder, types of flats offered at the projects, specifications and names of the project engineers. This registration needs to be done with the regulatory authorities and state level appellate tribunals. 

The main motto of timely execution of residential projects by the builders can be achieved due to RERA. There are many builders in Nashik that are registered with us such as Parksyde, Karmaa Galaxy, Krishna Darshan, Suyojit, NIrman Group, Karda Builders and Developers and Empire Realty. They can reap the benefits of the provisions of RERA on a long term basis. While we enable the builders to feature their properties online, RERA also supports online registration of projects.

While the real estate sector in Nashik will become organized in a true sense due to the implementation of RERA, we feel that changes should be made in some of the provisions of the bill. The condition of depositing 70% of the collections from the buyers in a separate account called as escrow account seems to be rigid. The costs of lands in Nashik are higher and thus, builders will face problems if they are allowed to withdraw 30% of the total collection from the buyers. Instead, it would be better if the deposit limit is reduced to 50%. The real estate sector should also get benefits in the form of reduction in the number of permissions and NOCs.

Moreover, RERA will benefit Nashik’s realty market, but it is essential to draw the central government’s attention to some of the changes as mentioned above.

8 cool ways to beat the heat in Nashik

As many of us are already trying numerous ways to beat the heat with the approaching summer, we thought of sharing some cool ways to keep cool this summer. As we all know that the city of Nashik has got a pleasant and a refreshing climate, yet, summer heat spares no part of globe.Inthis way, you can enjoyyour lives at the residential projects in Nashik and Nashik Properties. Hence, whether you are in Nashik right now, or any other part of the country, as the hotness increases with days, we present you some incredibly simple ways to stay cool and chilled this summer! Have a look at them below:

1)    Have a makeshift air-conditioning arrangement:
You can keep a plate, containing ice flakes under the fan in order to enjoy the breeze. Due to the melting and evaporation of ice, the surrounding atmosphere would be cool. Such a makeshift arrangement of air-conditioning will refresh your mood as the hotness of the climate would vanish. Your room will become a chilled place for living.

2)    Chill your mattresses:
You can put softened gel ice packs under the mattresses. Try putting them under the neck or legs to add to your frosty comfort.  The idea of putting a cotton sock filled with ice in between the mattresses can also allow you to dwindle around.

3)    Keep on swigging and stay hydrated:
In order to replace the moisture that is lost due to perspiration, you can consume soft and cold drinks to get a nourishing feel. So, you can rejoice by gulping down the tasty sips of your favourite cold drink.

4)    Prepare a cold compress:
You can take a towel filled with ice flakes, thereby making a cold compress. Also add few riced flakes so that the coolness is retained for a long time.

5)    Use ice cold sheets:
Freeze your bed by unfurling the cold sheets and pillow covers. This can be done by putting them into freezer for some time. This will prepare your bed for you to have sweet dreams, as you hit the bed anytime in the day or night.

6)    Taste the sips of wine:
If you are a wine lover you can enjoy the delicious sips of wine in Nashik, which is a speciality of the city. This will help you to bring coolness in your body and mind. You could also plan a weekend with your beloved one at any of the famous wine resorts like Soma Vine Village, to make every moment count and experience joy at a home away from home.

7)    Use Aloe Vera:
Aloe vera has got cooling properties that can beat the heat. You can prepare a natural spray of it and use it to bring a chilled essence in your room. Applying aloe vera on your skin can keep your skin away from the prickly heat and prevent sun burns as it hydrates your skin and maintains the necessary moisture on the skin.

8)    Take a cool shower:
Frequent cool showers can keep you cool by rinsing the drops of sweat. Owing to Nashik’s pleasant climate, you would love taking showers multiple times a day (not that it is so hot, but, it is pleasantly good). 

So, rejuvenate and refresh yourself by adhering to the ways and means of beating the heat. Let not this hotness spoil your summer holidays and stop your outing plans with friends. Make the best of the time you have and enjoy as much as you can!

How can you be wise enough to invest in Nashik!

Interested to know about the place, which is worth considering for the people looking for real estate property within an affordable price range? The answer to your question is the wine capital of India ‘Nashik.’

Nashik is an emerging real estate destination in the state of Maharashtra after Mumbai and Pune. It has become a satellite city of Mumbai on the real estate front. The residential and commercial property rates in Nashik are reasonable if compared to those of Mumbai and Pune. Nashik is a descent locality, which is all set to cope up with the population growth by 2030. The city’s real estate is estimated to provide handsome amount of Returns on Investment in the near future. You can buy property in Nashik and flats in Nashik at affordable rates.

The wine capital of India is witnessing rapid growth and development of IT Parks and Manufacturing Industries. Such a productive development has had a profound impact on the city’s real estate sector. 

Nashik’s real estate market was growing at a leisurely pace till the year 2006. Thereafter, growth appreciated and started showing significant value appreciation on property investment. In terms of investment, the city has become a realistic investment destination. Its property market offers minimal entry costs and higher appreciation rates. The city has thus, become a viable destination, thanks to the reasonable real estate costs and an ample availability of land for the purpose of property construction. The areas like Dwarka, Panchawati annex, indiranagar annex, College Road and Gangapur Road that are the prime areas in Nashik have drawn attention of many real estate investors in the city.

The investor-friendly 'House Tax Policy' in Nashik enables investors to invest in real estate industry/market of the city. Experts have projected a higher rate of growth in the real estate market in Nashik in the coming years. Investment in the city would prove very lucrative in the coming years. The real estate boom can also be seen moving to surrounding areas of the city.

So, pull up your socks and take a stride forward in investing in the wine capital of India!

5 concrete reasons to buy a home in Nashik

If you are planning to buy a home, here are the concrete reasons as to why you must buy a home in Nashik:

1)    Fourth fastest growing city in the India:
Nashik is the fourth fastest growing city in India, due to which it has got the ability to transpire   as a smart city in the near future. Thus, the city’s realty market is stipulated to experience growth and development, which would eventually benefit the builders and developers.

2)    Big break for affordable residential projects:
There is an ample amount of availability of affordable residential projects. This has lured buyers from varied financial backgrounds, including the Middle Income Groups (MIGs) and working professionals. The reasonable prices of these projects, combined with the serene atmosphere of the city have enticed the retired personnel to invest in the residential properties in Nashik for sale.

3)    Capital value appreciation of the properties:
The capital value appreciation in Nashik has gone up from 15% to 25% on an annual basis, thereby bringing the city in to the bright spotlight of real estate investment. Besides, the developments in the commercial belts have added on to the value appreciation of the properties and are transforming the investor market into an end-user friendly one.

4)    Make-over from a pilgrimage destination to an investment destination:
Since the last two decades, Nashik has undergone a transformation from being a pilgrimage destination to an investment destination. The city is shedding away its image from just being a passers’ by spot. It offers a lot of investment related options, wherein you can invest in the 1 BHK and 2 BHK Flats in Nashik along with varied options like Duplex, Full Duplex and Premium properties.

5)    Development of Special Economic Zones (SEZs) and Tech parks:
Nashik has witnessed the growth of many SEZs, Tech Parks and IT Parks. Igatpuri and Sinnar regions of Nashik are a part of Delhi-Mumbai Industrial Corridor (DMIC). Hence, they have become hotspots for future developments.

We know that you are willing to buy a home in Nashik. Now that you have read all the reasons here, all you need to do is to find the best suitable property to make your dream home a reality in Nashik! Visit our website to explore various options to find your dream home in Nashik.

Booming Real Estate Industry in Nashik

You may be on your toes to know a lot about the transformed real estate sector of the wine capital of India, ‘Nashik.’ There is much more to tell you in this regard. Let us have a glimpse through the city’s modified real estate scenario.

If seen on a large scale, Nashik’s residential panorama is getting revolutionized as the villas and row houses are being taken over by apartments due to the changing tastes and fashions of the property buyers. Due to such a diversified real estate scenario, we are preparing to meet the latest buyer requirements of smart homes with all the amenities and facilities that suit the recent trends of lifestyle. The upmarket and busy areas of the city like Dwarka, Taleigaon, Ambad, Sinnar and Satpur are really a worth from the investment standpoint. CREDAI Nashik is an online portal that enables the top builders in Nashik to feature their residential projects.

Broadly speaking, Nashik’s real estate industry is booming manifolds. The peak time has arrived for the investors to invest in the city’s growing property market for greater Returns On Investment (ROIs). To everyone’s surprise, Nashik has turned into a major investment hub owing to its developments taking place rapidly in various sectors. Thus, there is an increasing demand for the apartments in Nashik.

Nashik has been included in the Delhi-Mumbai Industrial Corridor (DMIC) and is also a part of the Golden Quadrilateral Project to join with the cities of Pune and Mumbai via railway. On the top of that, this year’s Railway Budget has given a gift to this wine capital of India. A 265 m long railway track is going to be laid down between Pune and Nashik, via Begdewadi and Chakan. Besides, Nashik has already got better roads and transportation facilities. Also, the city is industrially developed. All these factors have collectively facilitated the real estate industry in the wine capital of India by taking it on fast track progress and development.

With the advent of such stepping stones, Nashik has got the potential to evolve as a leading destination for investment. So, if you are seeking a decent property for investment in Nashik you have not just one or two but many choices.

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.