Nasik real estate has high investment potential
The city has been developing rapidly over past decade and a half. The city is close to Mumbai, and is strategically located on the Central Railway main line and the Mumbai-Agra National Highway. It is the new centre of industries, commerce, administration, education, production and marketing.
The city has has three well-developed industrial estates at Satpur, Ambad and Sinnar. A lot of companies are located in the city like ABB India, Mahindra and Mahindra, Gabriel, Glaxo SmithKline, LG Electronics, Samsonite, Garware, Siemens, Blow Plast, Thyssen Krupp, Ceat, Atlas Copco and TI Cycles. The agriculture sector in the city is very robust and healthy.
It is not exaggeration to say that Nasik has all the features of a great real estate destination. It is a centre of attraction for the ITES and banking sector now. The state government is is investing heavily into the already thriving Wine Parks industry in Nasik, which is already famous for Sula Vineyard.
The city has experienced a lot of growth even in these turbulent times where the economic development is quite low in the country.
All these factors contribute to the prosperity of Nasik which has a direct influence on the demand for real estate. The property rates are comparatively low and they present a great bargain for investors and end users alike.
Source: Money Control
ABB India, Agriculture, Economy, Gabriel, Glaxo SmithKline, ITeS, low rates, Mahindra and Mahindra, Money Control, Mumbai, Mumbai Agra National Highway, Nasik, Real estate demand, wines
