Nashik Road

 

Also known as Nasik Road, Nashik Road is one of the fastest growing localities in the city of Nashik, Maharashtra. The locality hosts the important railway station of Nashik. The rapid growth of the locality has attracted both residential and commercial buyers. 

 

The area is home to numerous educational institutions, hospitals, hotels, restaurants, and supermarkets. These amenities and plenty of job opportunities make the locality a viable investment option.

 

Nashik Road has hospitals such as New Life Hospital, Gujarathi Hospital & Cardiac Care Centre, and Medicare Multispecialty Hospital. Educational institutions like St. Xavier’s High School, ISP Kendriya Vidyalaya, Bytco College, and ICFAI University also find their homes in Nashik Road. The locality also hosts a bunch of supermarkets such as Reliance Fresh, BMS Super Market Shoppe, and Jaju's Super Market among many others for the convenience of the residents.

 

Nashik Road is known for its greenery, with many parks and playgrounds still being preserved despite the growth it has witnessed. This makes the place conducive for young professionals as well as senior citizens. The locality is also known for tourism, with religious places like the famous Infant Jesus Shrine, Mhasoba Mandir, Icchamani Ganesh Temple, and Mukti Dham.

 

Connectivity And Transit Options

 

Nashik Road is well-connected to other parts of the city as well as other cities. Major roads like Nashik-Pune Highway (NH-50), Mumbai-Agra Highway (NH3), Jail Road, and Artillery Centre Road connect the locality to areas like Dwarka, Ghatkopar, and Pathardi Phata, and also to cities like Mumbai, Agra, and Pune. The important bus stops in the locality are the ones at Gandhi Nagar, Upnagar, Model Colony, Shivali Nagar, and Nasik Road.

 

Nashik Road Railway Station, situated in this locality, is an important railway station. The junction is a stop for trains on the Mumbai-Bhusawal-Nagpur-Kolkata Central and Mumbai-Bhusawal-Delhi routes. Apart from these, there is also a train connecting Nashik to Pune.

 

Although Nashik does not have a passenger terminal at the current airport, the one at Ozar (Ojhar) that recently got inaugurated is located about 15 km from Nashik and is scheduled to have a passenger terminal. The nearest major airport from Nashik Road is the Chhatrapati Shivaji International Airport, located around 180 km from Nashik Road.

 

The chief modes of transportation in Nashik Road are buses and autorickshaws. The town also has several taxi operators, but buses and autorickshaws are preferred more as taxis are costlier.

 

Major Landmarks

 

●     Nashik Central Jail

●     Domino’s Pizza

●     Shrine of Infant Jesus

●     Nashik Passport Office

●     CineMax

●     Shiva Temple

●     Indira Gandhi Statue

●     Somani Garden

 

Factors for Growth in the Past

 

Nashik Road has witnessed amazing growth in the last few years. The existence of India Security Press became a major factor for growth in this region as it provided employment for thousands of residents.

 

The areas surrounding Nashik Road is lined by industries and many companies like Mahindra & Mahindra and Bosch that have their base located there. This has increased commercial activity in and around Nashik Road. Apart from these, the connectivity factor has also added to the growth in this region.

 

Residential & Commercial Markets

 

Residential Market Trends

 

Nashik Road's residential market primarily consists of apartments, but there are several upcoming plots and individual houses cropping up in the locality. The residential market in Nashik Road has seen a reasonable increase in the last few years.

 

The quarter 2 (2014) sale prices for apartments in Nashik Road were around Rs. 3,100 per sq. ft and the rent prices ranged between Rs. 7 and Rs. 9 per sq. ft. The sale prices for independent houses in the area, on the other hand, were a lot higher, at around 11,660 per sq. ft.

 

Commercial Market Trends

 

Commercial property prices in Nashik Road have also seen a significant jump, with an increase in prices over the past few years. The quarter 2 (2014) sale prices for commercial properties in Nashik Road were around 11,660 per sq. ft.

 

Major Challenges

 

The locality faces a few challenges, one of them being the slow pace of completion of civic work. In many places, when digging is done to clean the chambers, the lids of the chambers are left open and the roads are left muddy and uneven. This has caused a lot of inconvenience to the residents and motorists alike. The poor condition of roads has also become a major cause of concern for the motorists, especially during the monsoon season. The NMC will have to hear out the residents’ concerns and make amends immediately.

 

There are also instances of chain snatching and petty crimes in the area and the police department will have to take measures to increase security.

 

Factors for Growth in the Future

 

The future looks quite bright for this locality. Nashik Road is about to witness the rise in the IT sector with many IT parks being planned by the government. And once the airport at Ozar is open for the public, there will be a greater rise in development and infrastructure.