Real Estate Nashik

Nashik Riverfront Phase 2: 300+ Plots Open in Gangapur Road Belt

By GeoSquare News Desk · Published 2026-11-05

The Nashik Municipal Corporation (NMC) has officially moved the Godavari Riverfront Development Project into its second phase. This phase unlocks over 300 residential plots along the Gangapur Road belt, a corridor already known for its connectivity and growing demand. The move is set to reshape the city's real-estate landscape, attracting both end-users and investors looking for long-term appreciation.

Phase 2 Highlights

The newly released plots are part of a larger infrastructure push that includes improved riverfront promenades, better drainage, and widened access roads. The NMC has ensured that all plots come with clear titles and basic amenities like water, electricity, and internal roads. Pre-launch bookings for these plots open this week, with a focus on premium buyers who value proximity to the river and the upcoming commercial hubs along Gangapur Road.

Investment Outlook

Industry experts believe that Phase 2 will catalyse further development in the micro-market. With the riverfront becoming a recreational and residential hotspot, property values are expected to rise steadily over the next few years. Investors are particularly keen on the Gangapur Road belt due to its existing social infrastructure—schools, hospitals, and malls—and its seamless connectivity to the Nashik city centre and the Mumbai-Nashik highway. The NMC's commitment to phased development also reassures buyers about timely delivery of infrastructure.

For those considering a purchase, the pre-launch phase offers early-bird pricing and flexible payment plans. However, experts advise thorough due diligence on plot dimensions, zoning regulations, and the developer's track record. With the riverfront project gaining momentum, Nashik is poised to become a more attractive destination for real-estate investment in Maharashtra.