Real Estate Nashik

NMC Approves Rs 500 Crore Township Near Ambad, Nashik

By GeoSquare News Desk · Published 2026-10-14

The Nashik Municipal Corporation (NMC) has given its final nod to a Rs 500 crore integrated township project on the Ambad-Shivar road. The development is expected to bring 2,500 affordable and mid-income housing units to the city, offering a significant supply boost for homebuyers.

Project Highlights

Spread over a large parcel near Ambad, the township will include internal roads, a sewage treatment plant, and dedicated green zones. The project is designed as a self-contained community, reducing dependence on central Nashik's crowded infrastructure.

Impact on Nashik Real Estate

With construction likely to begin within six months, the project is set to ease pressure on central Nashik and catalyse growth along the Ambad-Shivar corridor. For investors, this signals improved connectivity and long-term appreciation potential in the region.

Local property experts believe the mix of affordable and mid-income units will attract end-users and investors alike, making it one of the key residential developments to watch in Nashik over the next few years.