A smart city for investors

Nashik is transforming from a pilgrimage destination to a vibrant city favoured by investors, according to a new market research report.

The report, “Nashik: The Land of Opportunities”, takes a close look at new infrastructure development, and confirms that the city has surpassed several others on a number of critical vectors which directly influence real estate viability.

These are:

It has overtaken Ahmedabad, Bhubaneshwar, Coimbatore, Hyderabad, Nagpur and even Thane and Navi Mumbai in terms of mixed land-use, compactness and waste water management.

Nashik has lower pollution levels than Ahmedabad, Bhubaneshwar, Coimbatore, Greater Mumbai, Hyderabad and Navi Mumbai.

In terms of inclusive development, the city has significant access to affordable housing when compared to cities like Coimbatore, Nagpur and Kochi.

Nashik is becoming a major IT-ITeS start-up hub, with over 25+ start-ups and 6,000 angel investors sharp-focusing on the city.

Overall, the residential property prices in Nashik rose by ~13% from 2016-2017, and all market indicators are towards sustained growth. With a fully-operational RERA ensuring that the city sees systematic residential development going forward, a plethora of advantages in terms of Government initiatives and infrastructure projects, and well-conceived plans to becoming an outstanding Smart City, Nashik’s real estate market is indeed poised for a quantum jump.

The research report was released by Piramal Capital & Housing Finance team and knowledge partners ANAROCK Property Consultants along with CREDAI Nashik Metro.

Sunil Kotwal, President, CREDAI Nashik said, “Nashik is a city of many potentials and has great opportunities. This fact has once again been emphasised by the report.

“The present times are also very favourable to make Nashik shine and make it a city to of glory. CREDAI Nashik Metro has been consistently making efforts to make Nashik a liveable city with a vibrant economy.” fiinews.com