Located strategically between the established economic and real estate hotspots of Mumbai and Pune, Nashik is turning out to be the IT and real estate industry's next choice.
Price propellers
Some projects underway that could influence realestate prices in future.
1. Road projects
Four-laning of Mumbai-Nashik highway and ring road connecting Mumbai-Agra road to Trimbakeshwar will improve connectivity and decongest traffic within the city.
2. Auto hub
With many auto companies already having manufacturing facilities in the city, there is a proposal to develop a 200-hectare industrial zone called automobile hub.
3. Central funds
The city will receive Rs 750 crore of funds from the Central Government in the first phase for the improvement of roads, transport system and water supply.
Investment in infrastructureTraffic and transportation planning will be given high importance in the development plan.
Investment in infrastructure | |
| Traffic and transportation | 34% |
| Drainage and sewerage | 23% |
| Water supply | 20% |
| Housing | 16% |
| Urban renewal | 4% |
| Others | 3% |
New residential projects
Capital values in prime residential areas have seen up to 50% appreciation in the past two years.This has led to the emergence of new growth areas in the suburbs.
Builder | Project | Location | Price (Rs)* |
| Shah & Shah Group | Royale Nest | Nashik Road | 14 lakh |
| Thakkers Developers | Gurupooja Apts | Hirawadi Road | 15 lakh |
| Karda Construction | Hari Vihar | Jail Road | 15 lakh |
| Samraat Group | Dream Flowers | Ring Road | 16 lakh |
| Suyojit Infrastructure | Suyojit Garden | Gangapur Road | 18 lakh |
| Sanklecha Const. | Green Meadows | Nashik-Pune Road | 22 lakh |
| Yashashree Group | Suvaastu | Kamatwada Link Rd | 27 lakh |
*Average price of a three-bedroom apartment | |||
Retail space distribution
Retail space distribution | |
| Gangapur | 15% |
| Pathardi | 5% |
| Govind Nagar | 10% |
| Sharanpur | 35% |
| College Road | 20% |
| Others | 15% |
The retail market in the city has picked up after new developments on College Road in the past one year.
Buying options | ||||
Area | Cheap | Price (Rs./sq ft) | Expensive | Price (Rs./sq ft) |
| Central | Indira Nagar | 1,400 | Shivaji Bagh | 2,100 |
| North | Mhasrul | 1,100 | Panchwati | 1,500 |
| East | Manur | 1,000 | Kapaleshwar | 1,300 |
| West | Satpur | 1,200 | Mahatma Nagar | 1,800 |
| South | Deolali | 1,300 | Nashik Road | 1,700 |
