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Daniel Sebastian | danielsebastian

Developers are Launching Luxury Flats and Villas in Nashik

Aug 19th 2015 at 1:12 AM

Planning to buy a plush villa that is surrounded by greenery and overlooks a vineyard? The luxury property market of Nashik will offer you just what you have imagined. A growing number of property developers are launching their residential projects in the city. They are constructing high-end 3 and 4 bedroom villas in Nashik to lure buyers from all over India. Not just for second homes, but Nashik has also become popular among people who are looking for a retirement home in serene surroundings.

In Nashik, Gangapur Road is one area that has been redefining luxury in terms of residential units. From plush apartments to luxury villas in Nashik, this is an area where you can get a spacious and lavish house with a price tag of 80 Lacs INR and above.

These properties have been targeted at wealthy investors who wish to buy a luxurious independent house or villa in serene surroundings. Developers are offering these villas and apartments laced with world-class amenities for a comfortable yet stylish living experience. While some homes have terraces and gardens, other homes have a jogging track on the rooftop, a gym, a swimming pool and even rain harvesting facility.

Why invest in Nashik’s real estate sector?

The property market in the city promises high returns on investment. It has turned into a mini metro city with good infrastructure and economic growth. According to real estate reports, Nashik is one of the most promising cities in the country due to the number of exciting projects that are underway. For instance, Nashik has been shortlisted by Hindustan Aeronautics as the base for its 23,000 Crore manufacturing plant.

Even the IT/ITES sector in the city has pushed the economic growth of the city. Due to low real estate rates, many BPO’s are setting up their base in the city. IT companies are also forming their base in Nashik which has increased job opportunities and made way for real estate development.

It has been developing rapidly over the span of last 15 years. Proximity to Mumbai and its location on the Central Railway main line and Mumbai Agra National Highway has acted as a major economic driver for Nashik. From commerce, production and education to marketing and industries, this city has almost everything.

Development of real estate here has been taking place in a very collaborative manner. Many landlords with sizable agricultural land holdings have entered into a joint venture agreement with developers to construct residential units including luxury apartments and villas in Nashik.

The city happens to offer a lot to real estate investors. It not only has well-developed physical infrastructure, but also enhanced transportation system, sufficient water supply and a good mix of educational and healthcare facilities.

Increasing number of buyers in Nashik opt for homes that are vastu compliant or river-facing. A house with river views is available at a high price, but the rates are still less when compared to the skyrocketing property rates in cities like Mumbai, Pune and Bangalore.

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