Published On: Fri, Feb 6th, 2015

Demand Assessment : Nashik

nashikmapBy Accommodation Times Research

Nashik: The city is the part golden triangle of the country. Nashik’s salubrious environs and skilled workforce is turning out to be the IT industry’s next choice. Though still in its embryonic stage with WNS, Tricom and 18 other companies employing around 2000 people, Nashik’s IT industry is projected for a five fold increase by 2009.

To meet demand and requirement, the authorities are changing the city with improved transport and civic infrastructure. More than 11,000 crore has been invested towards improvements in Nashik infrastructure since 2005, and after the makeover plans envisaged for the city by the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), the city is in for a property boom.

Plots within the Nashik Municipal Corporation are fast filling up, and the areas of Adgaon, Makhmalabad, Chehdi, Pune Road, Igatpuri, Sinnar are the next choice for property buyers. Other commercial projects that are making news in Nashik are: the multi product Special Economic Zone (SEZ) in Sinnar promoted by the MIDC on 1010 hectares at an investment of Rs.1,555 crore, a racecourse, film city, botanical garden, IT zones, education zones, tourism development, entertainment arenas… all that goes into the making of a modern city.

The Raheja Group is looking at maintaining and leasing the IT park within the MIDC area in Ambad, and another privately constructed IT Park is coming up in Mahatma Nagar. Besides, to provide for expansion of new industry and IT companies in Nashik, the area between Adgaon to Ozar has been earmarked for development. Also on the cards is the DSK group’s SEZ project in Nashik at a cost of Rs. 4000 crore on 100 acres of land.

The city has a good impact of Pune. Developers are following the trend, which is set up Pune, with bigger, better and classier home. Nashik possesses all the advantages that a property investor looks for. Nashik has not been exposed to price hikes ever, but is on the brink of a real estate leap that could match, if not surpass Pune, in the near future.

 

USP Hot Residential Place Hot Commercial Space Infrastructure Future
 A great Proximity to Pune and Mumbai. Adgaon, Makhmalabad, Chehdi, Pune Road, Igatpuri, Sinnar are the next choice for property buyers. Sinnar, Mahatma Nagar, Adgaon to Ozar belt are currently preferred for commercial property. More than 11,000 crore has been invested to improve infrastructure of the city. The location of Nashik, equidistant both from Pune and Mumbai, the industrial hubs will fuel more interest of the property developers and IT industry.
The city has a great combination of holiness and modern city. Chandsi, Takli Road, Rachana Vidyalaya Road, Nashik-Peth-Gujrat Highway is being also highly activated for residential property. Gangapur Road, Collage Road, Peth Naka, Tidke Colony will see more commercial property in future. Four- laning of the Nashik-Mumbai, Nashik-Pune highways and up-gradation of the city airport in the part of infrastructure improvement. Its temperate climate and cheaper land prices are an added attraction. It is estimated that by the year 2010, Nashik IT industry would be the major employment creator for the region.
The city has impact of Pune     Nashik is also facing problems such as traffic congestion, bad roads. Due to holy place for millions of devotees from all over country, so the civic authorities are sweating to meet the infrastructure development.
Nashik is the part of Golden Triangle.        
The city is known for Wine capital of India.        

Glance at Pune

 

Population: 1,364,000 (2005)

Area: 264.23 km² (102 sq mi)

Cliamte: 8°C to 35°C

River:  Godavari and the Girna

Languages: Marathi, Hindi and English

 

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