Overview of Nashik Road Locality

The section in Nashik, Maharashtra, known as Nashik Road, is a fast-growing and lively place. It offers a mix of residential, commercial, and infrastructure amenities. Let's take a closer look at what this area provides from a real estate standpoint.

Property Prices and Trends

• Average Price: The price for properties in Nashik Road is about Rs. 4,267 per square foot.
• Price Range: It ranges from Rs. 285 to Rs. 6,686 per square foot.
• Year-over-Year Growth: There’s been a 1.56% increase in property rates over the last year, showing a stable and slightly rising market.

Amenities and Infrastructure

• Educational Institutions: The area houses several top schools like St. Xavier High School, ISP Kendriya Vidyalaya, Bytco College, and ICFAI University.
• Healthcare: Hospitals such as New Life Hospital, Gujarathi Hospital & Cardiac Care Centre, and Medicare Multispecialty Hospital are present.
• Shopping: Residents can shop at supermarkets like Reliance Fresh, BMS Super Market Shoppe, and Jaju's Super Market.
• Connectivity: It’s well-linked via major roads like the Nashik-Pune Highway (NH-50), Mumbai-Agra Highway (NH3), Jail Road, and Artillery Centre Road. The Nashik Road Railway Station is a key transport hub.

Residential Market

• Types of Properties: The market largely features apartments, but you can find plots and individual houses as well.
• Affordability: There is a range of properties that fit all budgets, making it suitable for everyone.

Commercial Market

• Industrial Presence: Local industries, including Mahindra & Mahindra and Bosch, have increased commercial activity and created job opportunities.
• Future Growth: Plans for IT parks could further boost both commercial and residential sectors once the airport at Ozar opens.

Quality of Life

• Greenery and Recreation: Even with growth, Nashik Road has kept many parks and playgrounds, suitable for young professionals and seniors alike.
• Tourism and Culture: Visitors enjoy religious sites like Infant Jesus Shrine, Mhasoba Mandir, Icchamani Ganesh Temple, and Mukti Dham, which enrich the cultural scene.

Challenges

• Civic Infrastructure: There’s still progress needed in civic areas like slow work pace, bad roads during the monsoon, and some petty crime. These must be tackled by local officials.

PropertyWala's Conclusion

Nashik Road looks like a great opportunity for both buyers and renters. It provides a balanced mix of affordability, amenities, and future development due to solid educational and healthcare settings, excellent connectivity, and upcoming projects. Still, you should bear in mind the current civic and safety problems and keep an eye on local authorities' actions. Overall, Nashik Road stands out as a good choice for those seeking convenience, comfort, and profitable investment in real estate.