Nasik is an important city
located in northwest of Maharashtra in India. It is around 160 kms from Mumbai
and 220kms from Pune, the two most important cities of the State of
Maharashtra. After the saturation in both Mumbai and Pune, the focus of
industries has shifted to the 'wine city' Nasik. Known for its abundant grape
crops, Nasik or Nashik is among the upcoming cities of India.
Today, huge developments are
taking place across all the tier-III and tier-IV cities of India. The
elementary reason behind this unprecedented growth is that almost all the major
cities or metros have been fully developed and have now become congested. The
developments even in tier-II cities are also on the verge of completion leaving
little scope for further expansion. The industries, looking for investment
options are now targeting smaller cities like Nashik as they provide ample
business opportunities.
Nasik has a clean, green
environment and a good quality of life. Its beautiful surroundings and pleasant
climate attract many industrial leaders to setup their operations in the city.
It is really the best place for settlement owing to its unique personality due
to its mythological, cultural, historical and social importance. Being active
on industrial and political fronts, investing in Nashik promises to fetch
complete value your money. Temples and ghats on the banks of Godavari make this
city one of the holiest places for Hindus across over the world.
Nasik is undoubtedly the next
suburb of Mumbai but was considered a paradise for retired people until
recently. It has been successfully able to shed that image and now dons a
cosmopolitan look achieved by the tremendous growth in all the sectors. After
the authorities have improved transport facilities, civic infrastructure,
education provisions, etc., the city is now ready to witness the boom. Its
attractions like low labor cost, availability of free land, high returns, etc.
have already lured in the technology related industries like IT, ITes and BPO.
The industrial development is followed by a boom in Nasik real estate.
The demand for residential and
commercial property in Nasik has been growing, thus, providing plenty of
opportunities to property developers for higher investments. Various leading
real estate developers like Raheja Group along with local property
builders like DSK Group, Sanklecha Constructions, Nirman Group, etc. are
entering the city with mega IT, SEZ and housing projects. The trend of bigger,
better and classier homes seems to have entered the city meeting international
housing standards. All kinds of residential spaces like villas, bungalows,
apartments, independent houses, etc. are coming up in the city.
One of the most breathtaking
developments in Nasik property market is that of a multi-product Special
Economic Zone (SEZ) project promoted by Maharashtra Industrial Corporation on
1010 hectares with an investment of Rs. 1,555 crores featuring a racecourse,
film city, botanical garden, IT zones, education zones, tourism development,
entertainment arenas and everything else that will add a cosmopiltan touch to
it.
The commercial and retail sectors
of Nasik are also growing at a rapid pace with malls, theme parks, multiplexes,
hotels, etc. being constructed. The proximity of Nasik to Mumbai, the financial
capital of India and the increasing investments from foreign real estate funds
continue to make it one of the hottest upcoming property destinations in India.
It is always suggested that the
best time to invest in a city is when it has just started growing. Nasik is in
the initial phase of development and is awaiting a great boom across
residential, commercial and retail sectors of real estate. Don't miss the
opportune chance and invest in the upcoming Nasik real estate.