There are a plethora of reasons for it. The climate in Nasik somehow matches the climate of Pune. Many of the property experts also say that the recent World Bank Loan acquired by the Nasik city has helped a great deal, with which their drainage and sewerage systems have improved. With terrific infrastructural improvements, Nasik property rates are gradually increasing. That means, the city’s infrastructure has developed considerably. Of course, you will have to delve into the nitty-gritty to understand this better.

Developmental and constructional activities are increasing day by day, and the city is seeing an upsurge in education centers and commercial establishments.

The city is turning into one of the IT hubs of India, like Bangalore and Mumbai, and now investors from Pune are looking at the Nasik real estate market to gain some serious returns on their investments.

Why Invest in Nasik ?

Nasik is a transitional, well located city that is pretty close to hot-spots like Mumbai and Pune, and these three cities form a triangle amongst them, popularly known as ‘Golden Triangle of Maharashtra’.

Anant Rajegaonkar, the President of Promoters and Builders Association, Nasik, announced, "With the JNNURM, the city will see a makeover.”

Highway four lane establishment activities have commenced, so the day is not far when the drive to Nasik from Mumbai will be a matter of just a couple of hours. This would actually make it just another extended suburb of Mumbai, and you can definitely imagine the impact of this change on the Nasik property rates.

Many of the developers report that Nasik, Pune and Mumbai- the Golden Triangle- will become an example for all the Asian countries in generating huge levels of employment. One of the main reasons that Nasik is a good investment spot today is that the property rates in Nasik are much cheaper than Dhule and Jalgaon. At certain locations of Nasik, the price per sq. ft. is less than Rs. 50; it is peanuts when you look at the property rates in similar Tier III cities.

According to the various real estate agencies, Nasik is going to increase its popularity as there are numerous project undertaken to be held in Nasik not only that as of now there are lot of malls which are in progress, which again welcomes the investors.

Popular Builders in Nasik Property Markets

The popular players in the local Nasik property markets include the likes of Karda Constructions, Adwani Builders, Thakkers Developers, Lalwani Estates, Sanklecha Construction, Chaitra Constructions, Pacific Builders, Talware Builders and Prakash Developers.

Then there are many more new entrants in the Nasik realty market such as:

Raka Mali Builders & Associates
Ashok Astoria
N.N. Associates
eera Buildcon Pvt. Ltd.

People who are looking for a long term investment in real estate can consider investing in villas, plots, commercial structures, bungalows, or even simple residential flats.

When compared to Pune and other surrounding cities, the price of land has increased by 30 to 40 percent, but when we take the discussion down to Nasik, the prices still remain affordable. So, those who’ve invested recently may not have seen good returns quite yet, but the investors who are looking at the game from a long term perspective will reap huge profits in the coming days.

Since very long time, the prices have not increased, but 2012 is surely going to bring a major hike in prices due to the tremendous increase in demand. This price hike would be highly advantageous for those who have already invested, and you can also join the group of investors in Nasik real estate market by merely investing 5-10 lakhs on a piece of land or a small flat, and watch it grow to unpredictable levels over the next 5-10 years.

Karda Constructions Company has come out with a great township featuring splendid penthouses at the Hariangan, located at Jaibhavani road, which is a really good option for investors.

The Acropolis from Prakash Constrowell, featuring premium 3-4 BHK apartment, Thatte Nagar, opposite the HDFC bank, is yet another prime property that is bound to appreciate greatly over the next few years.

If you want a prime property on highway, then consider investing in Atharwa Pushpa- another superb project by Siddhivinayak developers, featuring 1-2 BHK garden & terrace flats.

Audumbar

Address:Anil
Govindnagar,Nasik 9., Nasik
PH: 0253-2593935, 09373917931

Balaji Real Estates

Address:Prashant Patil
Gajvakra So.,Saubhagya Nagar,
Gangapur Road,Nasik, Nasik
PH: 9823041239

Dutawar Properties

Address:Mr. Sagar
203, Mundada Building,
M G Road, Nasik, Nasik
PH: 0253-2591459, 09850832779

K.B. Enterprises

Address:Mr. Rajesh
Shop No-44 X10 Point Ambar,
Ashoka Vihar, Nasik, Nasik
PH: 9822374313

Kalawati Properties

Address:Mr.Dipak
Nasik, Nasik
PH: 9823996223

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