Nashik Sees 22% Increase in Apartment Sales in 2024: Credai-Liases Foras Report
The real estate market in Nashik witnessed a significant 22% surge in apartment sales in 2024, according to a report released by the Confederation of Real Estate Developers' Associations of India (Credai) and real estate data analytics firm Liases Foras.
NashikReal EstateApartment SalesCredaiLiases ForasReal Estate NewsMar 09, 2025
The findings of the report indicate a strong recovery in the Nashik real estate sector, driven by several factors. One of the key drivers is the steady economic growth in the city, which has attracted both local and external investors. The city's strategic location, coupled with ongoing infrastructure development projects, has also played a crucial role in boosting property demand.
According to the report, the majority of the sales were recorded in the mid-segment of the market, where prices are more affordable for the average homebuyer. The availability of affordable housing options has been a significant factor in attracting first-time buyers and young professionals. Additionally, the government's initiatives, such as the Pradhan Mantri Awas Yojana (PMAY), have further fueled the demand for affordable housing in Nashik.
The conference, which was attended by leading real estate developers and industry experts, discussed various strategies to sustain the growth momentum. One of the key points of discussion was the importance of maintaining transparency and accountability in the real estate sector. Credai and Liases Foras emphasized the need for developers to adhere to quality standards and deliver projects on time to build trust with buyers.
Another significant trend observed in the report is the increasing preference for ready-to-move-in properties. Buyers are increasingly opting for completed projects due to the assurance of timely possession and the hassle-free move-in process. This trend is expected to continue in the coming years, with developers focusing more on delivering ready-to-move-in units.
The report also highlighted the impact of technological advancements on the real estate market. The use of digital platforms for property listings and online transactions has made the buying process more accessible and convenient. Moreover, smart home features and sustainable building practices are gaining popularity among buyers, reflecting a shift towards more modern and eco-friendly living options.
In conclusion, the 22% increase in apartment sales in Nashik is a positive sign for the real estate market. The combination of favorable economic conditions, robust infrastructure, and government support is expected to drive further growth in the years to come. Industry experts and developers are optimistic about the future, and they are committed to ensuring that the market continues to thrive and meet the evolving needs of homebuyers.
Frequently Asked Questions
What is the main reason for the 22% increase in apartment sales in Nashik?
The main reasons for the 22% increase in apartment sales in Nashik include steady economic growth, strategic location, ongoing infrastructure development, and the availability of affordable housing options.
Which segment of the market saw the most sales in Nashik?
The mid-segment of the market, where prices are more affordable for the average homebuyer, saw the most sales in Nashik.
How is the government supporting the real estate market in Nashik?
The government is supporting the real estate market in Nashik through initiatives like the Pradhan Mantri Awas Yojana (PMAY), which aims to provide affordable housing for all.
What is the trend in buyer preference for property types in Nashik?
There is an increasing preference for ready-to-move-in properties in Nashik, as buyers seek the assurance of timely possession and a hassle-free move-in process.
How is technology impacting the real estate market in Nashik?
Technology is impacting the real estate market in Nashik by making the buying process more accessible and convenient through digital platforms for property listings and online transactions. Smart home features and sustainable building practices are also gaining popularity.
Related News Articles
Government Hikes: Ordinary Citizens Bear the Brunt in Karnataka
With a series of tax and price hikes, the Karnataka government is placing a significant financial burden on ordinary citizens. From fuel and liquor to milk and water, the costs are rising, while the government contemplates more increases in property tax,
CBI Charges Mumbai Real Estate Firm and Director for Embezzling Public Funds
The Central Bureau of Investigation (CBI) has filed a First Information Report (FIR) against a prominent Mumbai-based real estate firm and its director for allegedly defrauding public funds. The investigation reveals a complex network of financial fraud,
Reliance Industries Signs Rs 3 Lakh Crore Pact with Maharashtra; Set to Create 300,000 Jobs
Reliance Industries Limited (RIL) has signed a landmark Memorandum of Understanding (MoU) with the Maharashtra government, valued at Rs 3.05 lakh crore. The agreement is expected to create over 300,000 employment opportunities across various sectors.
WeWork India Leases 1.26 Lakh Sq Ft Office Space in Mumbai's Andheri East
WeWork India has signed a long-term lease for 1.26 lakh sq ft of office space in Mumbai’s Andheri East, paying a monthly rent of Rs 1.38 crore.
Ashoka Buildcon's Land Sale Sends Shares Soaring to 52-Week High
Ashoka Buildcon's subsidiary, Viva Highways Limited, sells land in Hinjewadi, Pune for Rs 453 crore, boosting shares to a 52-week high.
Ahmedabad's Real Estate Boom: 13% YoY Increase in Housing Prices
Ahmedabad sees significant rise in housing prices, driven by demand for affordable and mid-segment properties. Infrastructure improvements and influx of new residents contribute to the growth.