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Nashik : New Destination

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  • #11

    #11

    Re : Nashik : New Destination

    In the long run, YES Nashik will emerge as alternative to pune and Mumabi-Pune-Nashik will be the three hot cities in Maharashtra.

    Pune is home to lot of real estate inclined politicians specially in NCP which have made billions from pune real estate and in the short run they wont allow Nashik to compete with Pune until Pune is completely out of land and has little scope for mega-development.

    Pune received lot of support from govt in many sectors which helped the city to forecast itself as investment destination and attract FDI appart from local companies.

    it all depends upon govt (motives of politicians) rather than companies alone when they want to promote Nashik as next destination.

    companies will move to Nashik only if there are IT parks and required SEZ concessions and infra.

    though govt has propesed highways to interlink mumbai-pune-nashik much of the work needs to be done in reality.

    Nashik will emerge as next investment destination but it has to wait for its due.

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    • #12

      #12

      Re : Nashik : New Destination

      Ekta

      Originally posted by realacres View Post
      That's some welcome news.
      Hi Friends,

      Have anyone booked in EKTA GREENVILLE. pls share price and and any project information.
      Thanks
      Thanks
      B.Regards
      Sunijani2004.

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      • #13

        #13

        Re : Nashik : New Destination

        People always thought pune and mumbai as investment destination, but seeing the RE situation in those cities, nashik can be considered as next investment destination.

        Some positives about nashik:
        1. Climate very pleasant
        2. Industry growth
        3. Bypass flyover of 8 km on NH4
        4. Road and railway connectivity (mumbai-bhusaval route) good, some trains dont halt at manmad, but they have stoppages at nashik
        5. Education hub engineering, medical university
        6. Still can buy land and construct a bungalow
        7. Close proximity from pune and mumbai

        Cons:
        1. Nashik was always off radar from big politicos
        2. It sees major developments during khumbh mela once every 12 years. Next one is schedule on aug-2014
        3. No major IT company coming
        4. Good airport (though HAL has one, but it is 20kms towards ojhar)

        An article showing nashik as 16th in development.
        ???? ??????? ????? ??????!-????? + ?. ??????????-??????????-Maharashtra Times

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        • #14

          #14

          Re : Nashik : New Destination

          Nashik is one place very close to my heart.

          Nashik is definitely one great place to live, it is not that big, neither that small. Very near to Mumbai, climate, fresh veggitables ... everything is great ... except, there is not much jobs.
          MIDC Satpur, Ambad and Sinner does not provide enough jobs so that you can have some options open all the times. There were few BPO company started but not sure ..

          But surprisingly, RE price was never stagnant in Nashik as suggested by many people here, neither they are damn cheap. Over the year, price in Nashik skyrocketed like any other place.

          Mahatma Nagar is one of the posh area in Nashik, where a well located 2BHK used to sell at 2.5-4 lakh in 1999. In 2005/6 the same flat zoomed to 18-22 lakhs and now the same flat costs something around 30-40 lakhs.

          One duplex on main Mahatma Nagar road that I was seriously contemplating in buying at 12 lakh in 1998 is now cost more than a crore.

          These are my first hand information, not imagination or online info.

          This is the price when there are limited JOBS in Nashik, think what will happen when there are talk of BIG Ticket items!!

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          • #15

            #15

            Re : Nashik : New Destination

            Originally posted by ondabhai View Post
            Nashik is one place very close to my heart.
            This is the price when there are limited JOBS in Nashik, think what will happen when there are talk of BIG Ticket items!!
            Is that supposed to be something to be happy about

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            • #16

              #16

              Re : Nashik : New Destination

              Originally posted by compuwalah View Post
              Is that supposed to be something to be happy about
              Depends on which side of the fence you are

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              • #17

                #17

                Re : Nashik : New Destination

                Originally posted by ondabhai View Post
                Depends on which side of the fence you are
                Right g'bhai. In that case I would say present prices of Pune flats are great deals . Now I know wmy Mumbaikars are investing in Pune and not in Nasik. Pay 30L for a place with no job, better pay 45L in place where there are jobs . Hinjewadi , M'patta, K'nagar plus lots small scale IT shope are here to stay. The automotive sector is also doing relatively good. Dedicated expressway connecting Mumbai. Plus many more. Better pay 10L+ premium now which one day may reach 30L ... by then ppl will also start looking at Nasik.

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                • #18

                  #18

                  Re : Nashik : New Destination

                  Who says their are no jobs, only apart from IT, major industries are in nashik, yes the pace of growth is slow (than pune and mumbai) but lots of companies are in MIDC of sinnar, satpur, ambad.

                  Can anyone build a bungalow with a budget of 40L in pune no one, but nashik is still developing and one can have dream house of his own choice. Nashik was always looked as pilgrimage place, the thing has changed now, i know lots of people from mumbai who are investing for property in nashik (though the appreciation is not as pune, mumbai) but it is within budget.

                  Pune RE is going out of control. Medium class has to think 100 times for buying a 1bhk, and that too they dont know when they will get possession or stay in rent.

                  Nashik has always got step mother treatment from political circle, or may be they are thinking first to swallow first pune/mumbai and then nashik.

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                  • #19

                    #19

                    Re : Nashik : New Destination

                    When g'bhai and me were referring to jobs, it means some good paying jobs. That way you have jobs in Jhumritalaiyya also. But those are not what we are considering here.

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                    • #20

                      #20

                      Re : Nashik : New Destination

                      Originally posted by ydkcool View Post
                      Who says their are no jobs, only apart from IT, major industries are in nashik, yes the pace of growth is slow (than pune and mumbai) but lots of companies are in MIDC of sinnar, satpur, ambad.

                      Can anyone build a bungalow with a budget of 40L in pune no one, but nashik is still developing and one can have dream house of his own choice. Nashik was always looked as pilgrimage place, the thing has changed now, i know lots of people from mumbai who are investing for property in nashik (though the appreciation is not as pune, mumbai) but it is within budget.

                      Pune RE is going out of control. Medium class has to think 100 times for buying a 1bhk, and that too they dont know when they will get possession or stay in rent.

                      Nashik has always got step mother treatment from political circle, or may be they are thinking first to swallow first pune/mumbai and then nashik.
                      No one said NO JOBS. There is a difference between NO and ENOUGH.

                      If your company got any trouble, it is not easy to find a similar job in the 3 MIDCs that you and me are repeating. It was fine for the earlier generation, who started and ended their service (career may not be right word) in one factory. Not so easy for current generation.

                      Skills and experience in manufacturing industries are sometime too s,peclialised that you don't find a similar position too quickly (in 3-6 months horizon). I have seen quite a few people to move from Nashik when some of the factories were closed in Nashik in way back 1998/99. That's the issue with Nashik, your option of jobs are limited.

                      Clever people were investing in Nashik from long back... probably now it is catching the fancy of neo-investors.
                      Last edited August 10 2011, 05:27 PM.

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