Overview of Nasik Road Area, Nashik

Location and Amenities

Nasik Road, also known as Nashik Road, is one of the rapidly expanding regions in Nashik, Maharashtra. This locale is strategically situated near Nashik railway station. It houses a variety of educational institutions, hospitals, hotels, restaurants, and supermarkets, making it ideal for both residential and commercial investments.

Key Amenities

• Educational Institutions: St. Xavier High School, ISP Kendriya Vidyalaya, Bytco College, and ICFAI University.
• Hospitals: New Life Hospital, Gujarathi Hospital & Cardiac Care Centre, and Medicare Multispecialty Hospital.
• Supermarkets: Reliance Fresh, BMS Super Market Shoppe, and Jaju's Super Market.
• Other Facilities: Various eateries, hotels, and shopping centers.

Property Prices and Trends

Residential Property Rates

• Properties on Nashik Road start at Rs. 285 per sqft.
• The average price stands at Rs. 4,267 per sqft.
• The most expensive property listed is priced at Rs. 6,686 per sqft.
• For specific property types:
  • Apartment: Ranges from Rs. 25 Lac to Rs. 1.05 Cr., averaging Rs. 4,318 per sqft.
  • Independent House: Prices range from Rs. 1.3 Cr. to Rs. 1.35 Cr., with a median at Rs. 32,063 per sqft.
  • Plots: Start from Rs. 7.11 Lac and go up to Rs. 37.79 Lac, averaging Rs. 2,107 per sqft.

Rental Prices

• 1 BHK Flats: Rentals lie between Rs. 4,800 to Rs. 7,000 per month.
• 2 BHK Flats: Ranges from Rs. 9,000 to Rs. 12,500 per month.
• 3 BHK Flats: Prices hover between ₹12,000 and ₹18,000 per month.

Property Types and Options

Residential Options

• Flats: Available in configurations like 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK.
  • Prices range from Rs. 32 Lac for 1 BHK to Rs. 1.05 Cr. for 4 BHK.
• Independent Houses: Limited options priced around Rs. 1.3 Cr. to Rs. 1.35 Cr.
• Plots: Options available from Rs. 7.11 Lac to Rs. 37.79 Lac.

Commercial Options

• Office Spaces: Available, but less frequent, with prices around Rs. 44 Lac.

Challenges and Growth Factors

Challenges

• Infrastructure Issues: Completion of civic work is slow, roads are bad, especially in the monsoon, and open chamber lids are a problem for everyone.
• Security Concerns: Increased incidents of chain snatching and petty thefts point to a need for stronger security from the police.

Growth Factors

• Rapid Development: With quick growth, the area attracts both homebuyers and investors.
• Amenities and Job Opportunities: The locale is popular because of schools, hospitals, and many job openings.

PropertyWala's Conclusion

Nasik Road, Nashik, represents an exciting real estate market full of residential and commercial potential. While boasting various amenities and seeing fast growth, there’s also infrastructure and security that need attention. For those looking to buy or rent, the area offers a range of prices and types. However, consider these current challenges to see if they match what you're looking for in the long term.