How Real Estate in Nashik is improving compared to last 5 years

www.credainashik.com

Nashik is not just the city where the famous Sula Wines winery resort is located. This city in the state of Maharashtra is the 3rd largest after Mumbai and Pune, has excellent climate and lately, is being regarded as a hot destination for real estate. Five years ago, the property market was slow-moving and sales didn't pick up which greatly affected the sector. However, in the last few years the city has witnessed significant economic growth giving a major boost to the real estate industry.

Let's take the sale of flats for example. Few years before, sales of housing flats were between 4000-5000 per year. Now, that figure has increased to 7000-8000 which is more than a 50% increase, an encouraging sign for the real estate sector in Nashik.

Moreover, budget homes have gained importance in the city considering their shortage. For the next 2-3 years, builders in Nashik are going to focus on these kinds of houses to meet the growing need. Areas such as Adgaon and Pathardi at the southern end are some viable options people are looking at for budget homes which are being offered at affordable prices. Some developers are experimenting with unique themes for the buildings. Also, if you want to eliminate the hassle of buying furniture and appliances, you can go for houses which come fully-furnished.

So why is Nashik a great place to invest in real estate? It has a pleasant climate which the neighbouring towns don't offer. It has also turned into a weekend getaway destination for individuals staying in Mumbai and Pune. Basic amenities are available easily and there's no scarcity of water supply. A vital reason is the improved road connectivity from the financial capital Mumbai to Nashik. There are 4-lane roads which ensure a smooth and quick drive. By road, Mumbaites can reach Nashik in 3-4 hours. This proximity has produced huge demand for houses and going by the amount of development activity taking place in Nashik, the future looks bright.

The real estate team of experts at Credaibelieve that this is indeed the best time for Nashik to achieve great heights. Factors such as good infrastructure, excellent road connectivity to the city of Mumbai, favourable climate, fiscal growth etc. will play an important role in shaping this city 5 years down the line. However, direct flights to Nashik are the need of the hour and hopefully that happens soon to further boost people's interest in property.