The third-largest district in the state of Maharashtra, Nashik offers tremendous scope for property price appreciation. This is largely due to its infrastructural growth and expanding economic and employment opportunities. The pleasant weather all year round and the sound social infrastructure have attracted homebuyers and investors from Mumbai and Pune to Nashik. The housing market in Nashik is a strong and fast-growing one, owing to the expanding IT sector and increasing industrialization in the area. A lot of homebuyers who are looking to invest in a second home are also drawn to Nashik for a number of reasons.
If you are looking to invest in Nashik, these are some lucrative investment localities to explore.
- The best areas in Nashik for luxury residential properties are Canada Corner, Gangapur Road, College Road, Mahatma Nagar and Pandit Colony. From a wide range of world-class amenities to exquisite design, the residential projects in this area are highly sought after in the luxury category and promise excellent returns on investment.
- For mid-range residential projects, the areas to explore are Ashwin Nagar, Ashoka Marg, Indiranagar, Ravishankar Marg and Chetna Nagar.
- For budget options and affordable housing investment, homebuyers can explore areas like Mhasrul, Adgaon and Amrutdham, Pathardi Phata and the outskirts of Pathardi.
- Areas like Takli Road, the Nashik-Gujrat-Perth Highway, CIDCO Area, Panchavati and Chandsi also exhibit good investment and development potential.
- For those looking to invest in the newly developing suburbs, areas like Pune Road, Makhmalabad, Indiranagar and Anandwalli can be explored. The property prices in these areas are relatively low, offering the potential of good ROI in the long run.
- Areas like College Road, Old City, Gangapur Road and Nashik Road are also the most coveted for commercial development, making the residential projects here highly lucrative from the investment point of view.
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