Nashik Real Estate to Boom Post-Simhastha Kumbh 2027: Kumbh Mela Commissioner

Published: December 19, 2025 | Category: Real Estate Maharashtra
Nashik Real Estate to Boom Post-Simhastha Kumbh 2027: Kumbh Mela Commissioner

Nashik, known for its religious significance, has earned the status of Maharashtra’s spiritual capital. Therefore, after the upcoming Simhastha Kumbh Mela 2027, the city’s real estate sector is expected to witness a bright future, expressed Kumbh Mela Authority Commissioner Shekhar Singh.

He was speaking at the grand inauguration of the Homeathon Property Expo, organised by the bankers’ and developers’ body NAREDCO at Dongre Ground on Thursday. On this occasion, Metropolitan Development Authority Commissioner Jalaj Sharma, BSNL General Manager Sarang Mandavikar, Tribal Development Commissioner Leena Bansod, Dr Vijay Kakatkar, Uday Shah, Deepak Chande, Viraj Shah, Raju Shah, Hitesh Thakkar, along with office-bearers of NAREDCO, were present.

Singh stated that just as reports indicate nearly a 30% growth in real estate in Prayagraj after the Kumbh Mela, a similar significant rise is expected in Nashik. Jalaj Sharma praised the organisers for offering diverse housing options at the Homeathon Property Expo by considering all sections of society in Nashik.

NAREDCO President Sunil Gavade said that several new concepts have been introduced in this year’s expo. As part of social responsibility, he also announced that 50,000 trees will be planted across the city. Chief Convener Jayesh Thakkar informed that 100 per cent of the stalls have been booked this year and shared detailed information about the overall organisation of the event.

On the occasion, NAREDCO office-bearers Abhay Nerkar, Shantanu Deshpande, Abhay Tated, Bhushan Mahajan, Bhavik Thakkar, Prashant Patil, Purushottam Deshpande, Tarachand Gupta, Rajendra Bagad, and Shashank Deshpande, along with several citizens, were present.

Stay Updated with GeoSquare WhatsApp Channels

Get the latest real estate news, market insights, auctions, and project updates delivered directly to your WhatsApp. No spam, only high-value alerts.

GeoSquare Real Estate News WhatsApp Channel Preview

Never Miss a Real Estate News Update — Get Daily, High-Value Alerts on WhatsApp!

Frequently Asked Questions

1. What is the Simhasth
Kumbh Mela? A: The Simhastha Kumbh Mela is a major Hindu pilgrimage and festival that occurs every 12 years. It is one of the largest religious gatherings in the world, attracting millions of pilgrims to take a holy dip in the sacred rivers.
2. Why is Nashik considered Maharashtra’s spiritual capital?
Nashik is known for its rich history and religious significance, with several important temples and pilgrimage sites. It is one of the four cities that host the Kumbh Mela, making it a significant spiritual hub in Maharashtra.
3. What impact is expected on Nashik’s real estate sector after the Simhasth
Kumbh Mela 2027? A: Kumbh Mela Commissioner Shekhar Singh expects a significant rise in Nashik’s real estate sector, similar to the 30% growth seen in Prayagraj after its Kumbh Mela. This growth is attributed to increased infrastructure and development.
4. What is the Homeathon Property Expo?
The Homeathon Property Expo is a property exhibition organized by NAREDCO, a body representing bankers and developers. It offers a platform for buyers to explore various housing options and connects them with developers and financial institutions.
5. What social responsibility initiatives are being undertaken by NAREDCO?
NAREDCO has announced that 50,000 trees will be planted across the city as part of their social responsibility initiatives. This move aims to contribute to the environmental well-being of Nashik.