sector, bigger giants in the software industry shifted their base there. The express highway between Mumbai and Pune too worked wonders for this sector, resulting into a boom in the real estate industry.
Now, Nashik city finds itself on the same course. The Maharashtra Government is all set to lay emphasis on the IT sector in Nashik. Bigger giants in the IT industry are already eyeing this city since long, while the infrastructural development, the road widening work between Nashik-Mumbai , Nashik-Pune , air connectivity, etc, are all serving as the icing on the cake. With all such things taking place, just like they happened in Pune a few years back, the real estate industry in Nashik is set for a major boom. Apparently, home seekers already have a good idea of this growth. Only a month back, a two-day property exhibition by the State Bank of India, Nashik and the Promoters and Builders Association of Nashik (PBAN) fetched the bank loan applications worth Rs 60 crore, which shows how keen customers are for making investment in property in Nashik, before their prices shot through the roof. Says Sujoy Gupta of Samraat Group, "There's a reason to it. Nashik has all the ingredients to make it an ideal destination for investments in homes. Secondly, the climatic conditions, healthy industrial, educational , social and cultural scenario, all goes into making Nashik a favoured city." On the basic of these features, Nashik city in a periphery of around 25 kms, is witnessing a boom in the real estate sector in all its directions. Falling on the Nashik-Pune Road, Nashik Road, 20 kms from Sinnar , where the Special Economic Zone (SEZ) is coming up, is witnessing tremendous construction activities. Says Naresh Karda of Karda Constructions, "Since the announcement of SEZ at Sinnar, Nashik Road has come under the spotlight. On one hand this part of Nashik city, connects to Sinnar and Pune, on the other, Aurangabad Road also passes through its vicinity. Many posh housing projects are coming up in the stretch between Dwarka and Nashik Road and are getting a good response on the basis of easy accessibility to the city, presence of large number of educational institutes, including the international ones and malls and multiplexes." >From Dwarka towards Govindnagar and Tidke Colony, which now forms the heart of the city is becoming the premium area of the Nashik city. Falling on the Mumbai Agra Road, property seekers from Mumbai appear more interested in this area, while developers are not living any stone unturned to ensure that the amenities they provide are at par with those in metropolis. Falling on the other side of the Mumbai Agra Road, the stretch from Rajivnagar to Pathardi is another happening belt for the construction industry. Informs Sunil Bhaybang of PBAN, "Due to the reasonable property rates in this area compared to other parts of the city and also falling on the Mumbai Agra Road, which is fast getting converted into six lanes, this area has become a preference of a large number of home seekers." http://economictimes.indiatimes.com/infotech/ites/After-Punes-IT-revolution-now-its-Nashik/articleshow/5029606.cms --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
