Commercial Property for Rent in Nashik

Nashik has gone beyond being just a pilgrimage destination. With the growing social infrastructure, the city has drawn many property buyers. With the rapid urbanization and the growing industrialisation, people are considering Nashik as a popular investment destination. As the city is cited to be 4th fastest growing city in the country, the realty market in Nashik is set to grow further.

Affordable price

Since the city’s realty sector is still blossoming, it promises to offer property at affordable prices. Combined with the serene environment, many are considering investing in commercial property in Nashik. In the last 2-3 years, capital value of properties in Nashik have appreciated by 15-25 percent, making it an ideal investment destination. However, the presence of many educational institutions and other commercial activities are changing the city’ real estate from being an investor market into user-friendly one.

Excellent employment opportunities

The expanding IT sector and increasing industrialization in the area has led to a boom in the economic and employment opportunities in Nashik. The leasing rates for commercial property in Nashik are about 30-40 percent less than those of Pune and Mumbai. About 15 percent of IT professionals from Pune and Mumbai have moved to Nashik for employment. With the airport becoming functional, many IT companies are looking set up base in Nashik. Maharashtra Industrial Development Corporation (MIDC) quarters have already been established in Sinnar, while IndiaBulls has been allotted a large tract of land for developing an SEZ.

Ideal location and connectivity

Nashik is located at convenient distance of 150 km from Mumbai, and also offers excellent connectivity to Pune. Nashik is well-connected to Dhulia, Aurangabad and Mumbai through its 4 lane expressways. A 4-lane expressway between Nashik and Pune and a 6-lane expressway leading to Trimbakeshwar has also been proposed. The connectivity offered by Nashik has attracted many global investors to the city.

Industrial Establishment

Industrial giants like Mahindra & Mahindra, BOSCH, VIP, Samsonite, CEAT, etc. has made Nashik a prime and an ideal industrial location in Maharashtra State.

Decision

Never take a hasty decision. You will have a number of options around you, so make sure you explore all the options before choosing a commercial property for sale or commercial property for rent. Choose a location near the malls or plazas or choose a space that offers ample of parking space. Which place is offering you what can only be known once you have a look at all the options available.