Real estate in Nashik has often been ignored by investors who were always more interested to invest in more prosperous cities of Maharashtra – Mumbai and Pune. The government was also more interested to develop the cities of Mumbai and Pune and therefore Nashik was often in a state of neglect. However, in the last few years the attitude of the government has changed drastically towards the city of Nashik. The state government has taken drastic steps to promote education and employment opportunities in the city.
The religious city has now transformed into a vibrant hub and as a result, the real estate Nashik has received a huge boost. The people who had invested in flats in Shreerang Nagar for sale and other properties in the city have received huge ROI.
The wine capital of India has transformed rapidly inviting new people to settle here.
The pleasant climate and growing number of opportunities is fueling the growth in demand of flats in Shreerang Nagar for sale and other properties in real estate in Nashik. The affordable property rates in real es tate Nashik are prompting the young investor to park his money in the city. The cities of Mumbai and Pune have already seen price saturation and there is not much scope of capital value appreciation. However, the property rates of flats in Shreerang Nagar for sale and other properties in real estate in Nashik are still very much affordable and therefore more people can invest in the city. In addition, the growing infrastructure and job opportunities will boost the prospects of real estate Nashik.
Investors believe that every time the city hosts the Kumbh Mela the city receives a facelift and infrastructure upgrades which fuels the real estate Nashik .
Kumbh Mela is often considered as one of the largest religious gatherings across the globe. Kumbh Mela takes place once in every twelve years. The event can happen only at four places that are Allahabad, Haridwar, Ujjain, and Nashik.
The city hosted the last Kumbh Mela in 2015 and this year the city saw major infrastructure improvements so that it becomes capable of handling huge crowd numbers. The next Kumbh Mela event will take place in 2027. Apart from religious events, the city also hosts various international and national events.
The improving visibility of the city has attracted the investors to buy flats in Shreerang Nagar for sale and other properties in real estate in Nashik.