Growth complimenting real estate

IF THE PLETHORA OF CONSTRUCTIONS OF RESIDENTIAL COMPLEXES IS ANY INDICATION, THEN NASHIK IS WELL ON THE WAY TO BECOME THE MOST SOUGHT AFTER RESIDENTIAL HUB OF MAHARASHTRA. THANKS TO THE IMPETUS ON INFRASTRUCTURE RELATED WORK IN VIEW OF THE UPCOMING KUMBH

year 2003-04 was pretty significant for Nashik as this was the time when the 12-yearly Kumbhmela took place here. Many a trade pundit say, the last Kumbhmela was not just a 12-yearly mega religious affair, but it also introduced Nashik to the world as a growing town that had all the ingredients of becoming a mega city. The rest has been history since then. Nashik has taken huge strides in almost every field of development. While the next Kumbhmela of 2015-16 is fast approaching, by then this city for sure will introduce itself as the most modern and well planned city of the state. 

    Nashik is fast reinventing its skyline to move beyond its image as a pilgrim city and an emerging market. It's just a matter of removing the tag of tier II city attached to it and check what is not available in Nashik currently that is in Mumbai and Pune. 

    Closer to Mumbai and Pune, Nashik city has always attracted people from various corners. Compared to the adjoining metro cities, the pollution here is much lesser. These two factors, complemented with employment and education opportunities as well as health facilities has worked wonders for attracting investments into Nashik . 

INFRASTRUCTURE 

Even as investments are pouring in here, what needs to be noted is that the development is completely planned and not haphazard like other metros. Many builders say the load on the infrastructure in Nashik is not as much as it is in other cities. Residents in bigger cities have to struggle day-in and out to reach offices and then back home. Nashik has not reached that state and it won't be even in the future given the planned development. Anant Rajegaonkar of Suyojit Builders says, "the four laning of the Mumbai Agra Highway, between Mumbai and Dhule has put Nashik's real estate industry in great demand. This has also given rise to a large number of people from North Maharashtra setting their base in Nashik to fulfil their needs of employment, education and entertainment." 

    "What now Nashik needs is self supporting schemes. The Municipal Corporation can do this in its upcoming Development Plan. The fringe areas of the city also need to be considered as part of the Municipal Corporation limits and developed accordingly since sooner or later they will also be a part of the city," adds Rajegaonkar. 

INDUSTRY 

The role of the Special Economic Zone coming up at Sinnar -25 kms from Nashik is going to play a big role in the development of Nashik . Once the 1023 hectares under the SEZ is developed completely there would be no looking back for Nashik. 

    The booming wine industry also needs a mention that has put Nashik under the spotlight. Known as the wine capital of the country, about 50 per cent of the total wineries are located here due to which within a span of less than a decade, Nashik has created another new identity for itself and that too at an international level. All such things including the rising mall and multiplex culture are attracting tourists thereby triggering growth in the regions economy and that in the real estate. 

    Informs Narayan Hemnani of Sadguru Properties, ever since the four laning of the Nashik-Mumbai highway, quiet a few companies have come up in the Gonde Region. The easy availability of labour and the vicinity to Mumbai, many industrialists are finding Nashik as the best option to expand their businesses in Nashik. 

QUALITY/PRIZE FACTOR 

It's said that the best time to invest in any market is at its initial stages or when prices fall. Says Naresh Karda of Karda Constructions, "prices would shoot up by the upcoming Kumbh Mela. Once the ring roads are complete by the time of Kumbh Mela, connectivity would improve vastly. Today Nashik is offering different options for different income groups. Home buyers need to make the most of the current phase." 

PROJECT LOCATIONS 

Sachin Bagad of Sachin P Bagad Engineers, Builders & Developers while informing about project locations, says people want their homes to be located at strategic locations where schools, colleges and malls and multiplexes are nearby. 

    Meanwhile, Sandeep Thakur of Shree Buildcon has a different take. There is also demand of homes which are away from the hustle-bustle of the city. As of now, mall and multiplexes are coming up everywhere. Thus what people want is peace of mind, pollution free environment and sufficeint open space in the residential premises itself so that their children do not have the need to go anywhere outside their complex. New dynamics of homes are happening everytime, he says. NASHIK AT A GLANCE 

Equidistant from Mumbai, Pune and Surat 

Perfect climatic conditions 

Improved road, rail and air connectivity 

Burgeoning educational institutes 

Huge green agricultural backup