Apartment Sales Surge by 22% in Nashik: Credai-Liases Foras Report
The real estate market in Nashik has seen a significant boost, with apartment sales increasing by 22% to 8,583 units, according to a report by Credai-Liases Foras. This growth underscores the city's potential for further development in the real estate sec
Real EstateApartment SalesNashikCredailiases ForasPmayReal EstateMar 09, 2025
Pankaj Kapoor, Managing Director of Liases Foras, emphasized that the city's real estate market is poised for further expansion. He stated, 'Nashik has a huge potential for real estate development across all segments, from residential to commercial. The increase in apartment sales is a clear indication of the growing demand and confidence in the market.'
The report attributes the rise in sales to several factors, including affordable housing schemes, improved infrastructure, and a steady influx of migrants seeking better job opportunities. The government's initiatives, such as the Pradhan Mantri Awas Yojana (PMAY), have also played a crucial role in boosting the real estate market in Nashik.
According to the data, the majority of the apartments sold were in the mid-income segment, with a significant number of units priced between INR 30-50 lakh. This segment has seen the most substantial growth, driven by first-time homebuyers and young professionals. The report also notes a growing trend of investment in the real estate market, with many buyers purchasing properties for rental income or as long-term investments.
The city's infrastructure has been a key driver of the real estate boom. Nashik has seen significant improvements in its road networks, public transport systems, and connectivity to major cities. The expansion of the metro rail project and the development of new commercial zones have further enhanced the city's appeal to both residents and investors.
However, the report also highlights the need for continued government support and investment in infrastructure to sustain the growth. The real estate market in Nashik is still facing challenges such as a shortage of skilled labor and rising construction costs. Addressing these issues will be crucial for the long-term health of the sector.
Despite these challenges, the future looks promising for Nashik's real estate market. The city's strategic location, cultural significance, and growing industrial base make it an attractive destination for both domestic and international investors. As the market continues to evolve, it is expected that more developments will emerge, catering to the diverse needs of the population.
In conclusion, the 22% increase in apartment sales in Nashik is a positive sign for the city's real estate sector. With continued government support and investment, the market is poised for further growth, offering numerous opportunities for developers, investors, and homebuyers alike.
Frequently Asked Questions
What is the percentage increase in apartment sales in Nashik?
Apartment sales in Nashik increased by 22% to 8,583 units, according to the Credai-Liases Foras report.
What factors contributed to the rise in apartment sales in Nashik?
The rise in apartment sales in Nashik is attributed to affordable housing schemes, improved infrastructure, and the influx of migrants seeking better job opportunities.
What segment of the market saw the most growth in Nashik?
The mid-income segment, with apartments priced between INR 30-50 lakh, saw the most substantial growth, driven by first-time homebuyers and young professionals.
What challenges does the real estate market in Nashik face?
The real estate market in Nashik faces challenges such as a shortage of skilled labor and rising construction costs, which need to be addressed for sustained growth.
What is the future outlook for the real estate market in Nashik?
The future outlook for Nashik's real estate market is positive, with continued government support and investment expected to drive further growth and development.
Related News Articles
Sustainability Takes Center Stage in Indian Real Estate
Manit Rastogi, founding partner of Morphogenesis, discusses the increased demand for sustainability and eco-friendly homes in Indian real estate.
Ajay Devgn Rents Out Office Space in Mumbai's Andheri for Rs 7 Lakh Monthly
The actor's office space in Signature Tower, located along Veera Desai Road in Oshiwara, has been leased for a 5-year term.
MahaRERA Recovers ₹175 Crore from Real Estate Developers in Maharashtra
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has recovered ₹175 crore from real estate developers who failed to hand over apartments to home buyers in Mumbai and Pune.
ED Seizes Rs 31 Crore and Luxury Cars in Raids on NCR Real Estate Companies
The Enforcement Directorate (ED) has conducted raids on two NCR-based real estate companies, seizing bank deposits worth over Rs 31 crore and luxury cars. The companies are accused of defrauding homebuyers to the tune of Rs 500 crore.
Pune's Home Prices Soar by 28%, Forcing Residents to Consider Outskirts
In 2023, the real estate market in Pune witnessed a significant surge of 28% in home prices. This increase has pushed many residents to look for affordable housing options in the city's outskirts, as the core areas have become increasingly expensive.
Mumbai: BMC Takes Ward-Level Action to Tackle Air Pollution
Following the Bombay High Court's criticism, the Brihanmumbai Municipal Corporation (BMC) has intensified its efforts to control air pollution with ward-level inspections and strict regulations for construction sites.