Nashik, one of the most up coming city after Pune and Mumbai in Mahrashtra offering great opportunities for Real Estate Investors. NRIs and industrialist are on buying spree. Since the rates are all time low and wonderful projects are up for grab, local demand have increased many fold.
When recent CREDAI exhibition unveiled 120 developers exhibiting more than 500 projects, Nashik was centre of attraction in the country offering great returns for money. Ranging betwwen Rs.1800 to Rs.5400/- per sq ft the Grape wine manufacturer city is now becoming industrial hub. MIDC just before Nashik till Trimbakeshwar have accommodated biggest name in industries in the country. Very recently, IT professionals are also coming up with great talent hence IT firms are on head hunting spree in the city which has increased per capita income of the citizen of the city.
Migrants all over rural Maharashtra are preferring Nashik over Pune becuase of cheap accommodation and quality of life in the city. Since river Godavari originates from Trimbakeashwar, the Jyotirlinga, the region is blessed with plenty of water and power supply. The water scarcity in Maharashtra had made Nashik region most sought after.
Since demand is gearing and occupancy and absorption rate is very high, majority of housing finance companies have shifted their attention from Pune to Nashik.
A new Mega City in making.