Nashik has earned a name as India's wine hub, with dozens of vineyards and wine production facilities dotting the landscapes along the Godavari belt. This focus on viticulture and agro-tourism has led to higher demand for second homes and farmhouses across pockets like Trimbakeshwar, Sinnar, Dindori etc.
Strategically located on Mumbai-Agra highway and Mumbai-Delhi rail route, Nashik has established itself as a prominent real estate hub driven by industrial growth and tourism. Some key aspects propelling its realty landscape:
Wine TourismNashik is termed India's wine capital with over 50 vineyards & wine producers like Sula, York, Grover Zampa etc. Many developers are launching second homes, villas and farmhouse projects across wine tourism circuits in Igatpuri, Trimbakeshwar, Sinnar, Vani and other grape belt areas. These attract investors and end-users buying holiday homes.
Logistics HubNashikâs proximity to ports and airports coupled with land availability has seen large warehousing parks come up around Igatpuri, Sinnar SEZ by players like Amazon, Embassy Group, IndoSpace etc. The logistics and commerce revolution has spurred housing demand from employees, migrants and aspirational population eyeing homes in Ozar, Dwarka, Lasalgaon stretch.
Affordable Housing ProjectsSeeing influx of families and workforce occupying surrounding residential catchments, Nashik Municipal Corporation has approved affordable housing projects by renowned developers like Rajesh Lifespaces, Rustomjee, Mahindra Lifespace etc along Dwarka Expressway, Gangapur Road and Old Agra Road belts. These provide compact 1 & 2 BHK priced Rs 30-60 lakhs witnessing decent sales traction. Thus wine tourism, logistics boom and affordable options make Nashik a compelling real estate market for buyers as well as investors among tier 2 cities of Maharashtra.
Ambience MallOne of Maharashtra's largest malls spread over 8 lakh sqft, Ambience Mall by Nahar Group will also have the Palladium Hotel, luxury residences as well as commercial spaces. Its location near Dwarka Circle allows good connectivity across the city.
Satpur MIDCA major industrial zone housing manufacturing units of corporate giants like Crompton Greaves, Coca Cola, Voltas etc. Adjoining localities like Satpur, Wadala Road, Gonde Dumala are increasingly seeing housing demand from business travelers, entrepreneurs and professionals associated with industries in the MIDC belt.
Nashik Pune HighwayAreas along the highway like Chandsi, Sinnar Phata, Ghoti and Khubi Phata are developing into residential hubs given connectivity to Pune as well as industrial areas enroute. Many developers like Rajesh Lifespaces, Sahyadri Navratan, coal India Housing etc have significant presence here.
Nashik has been selected under the Government of India's Smart City mission which aims to boost infrastructure and technology adoption across cities. Various projects have been planned around transit, mobility, enhanced connectivity as well as restoration of waterbodies and heritage sites. This is bound to have a positive rub-off on real estate demand.
Upcoming Airport at OzarTo ease traffic at Mumbai airport, a new international airport is being constructed at Ozar near Nashik on about 700 hectares. Designed for handling over 4 crore passengers when fully ready, the airport will be a big catalyst for development in adjoining areas like Ozar, Dwarka, Niphad and Lasalgaon along the Nashik-Pune highway.
Warehouse & Logistics HubsMajor e-commerce and 3PL players like Amazon, Blue Dart etc have set up large delivery hubs and fulfillment centers around Igatpuri and Sinnar, given proximity to highways as well as airports and seaports. This is generating employment and bringing families to nearby residential catchments like Pathardi Phata, Vani, Ghoti etc.
Thus various infrastructure initiatives, connectivity upgrades as well as economic drivers are enhancing the real estate attractiveness of Nashik across locations, positioning it strongly to emerge amongst the top tier-2 residential markets beyond Mumbai & Pune.
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