Buying a house is a dream for a majority of Indians. With the rise of the standard of living of people posts the boom of the IT industry in the country, many people are looking for their own homes, no matter how small the house is, within their tight budget. Such Scenarios are common in some of the developed states and cities in India such as Mumbai, Nashik, Delhi, Bangalore, Chennai, etc. Let us discuss the real estate status and scenario of two important cities in Maharashtra, namely Kharghar and Nashik.
Housing and real estate in Kharghar:
Kharghar is a small city in Mumbai and is located in the Northern part of the Raigad district. It lies in close proximity to the Mumbai city and it was developed by the City and Industrial Development Corporation. Real estate in this region started developing from the year 1995 and presently features a number of ready and under-construction projects, in both the commercial and residential segments.
Kharghar is one of the most developed parts of the Navi Mumbai and will soon be administered by the Panvel Municipal Corporation. Kharghar is in close proximity to the Central Business District of Belapur and is bound by two major highways and the Kharghar hills. This zone is primarily a residential township and features a number of educational institutions as well and is thus influencing the real estate sector indirectly.
Top reasons to invest in Khargar, Navi Mumbai:
The city has built an excellent and self-sustaining educational system that has been the background for continued growth in Kharghar. It is becoming the new educational capital of Mumbai and has turned to be a world-class educational hub, known for its intellectual workforce.
Kharghar also has a number of ready and under-construction projects in both the residential and commercial segments. It renders housing facilities for all its residents and immigrants and thus real estate flourishes in this city tremendously. There are also a number of multiplex complexes, shopping malls and other infrastructure developments in the city that have again boosted the economy of the city.
This city in Mumbai is also connected with other parts of the city and the country through rail, road and air routes. Its railway transportation system plays an important role in the Mumbai Suburban Railway network and connects the city with Thane and Andheri. The city is also well connected via roadways and metro lines. The six-lane Mumbai Pune Expressway is the backbone behind the flourishing real estate in the city.
Real estate projects in Kharghar:
It is one of the developing and populous cities in Mumbai. People who settle here for higher education venues and employment look for flats in Kharghar to escape from the soaring costs of rental apartments and houses. A number of investors, wish to buy independent houses and apartments in the city so as to enjoy excellent rental income and to benefit from good return on investments.
Even the NRI investors wish to invest in suburb locations like Kharghar, as the investment costs in pretty low here and there is tremendous scope for the property to attract heavy return on investment within few years of purchase.
The property prices in Khargar have demonstrated an upward trend over the years and the rates of a property here is between Rs. 7.5 – 10K per sq. feet. It is possible to get an I BHK flats in Khargar at the rent of Rs. 8.8-11K per month.
Real estate in Nashik:
Nashik, on the other hand, is an important real estate investment destination in Maharashtra. It is the third-largest state in Maharashtra and has an excellent scope for tremendous property appreciation. The city enjoys excellent infrastructure growth and its economic and employment opportunities are always at the increasing end. The housing market here has been witnessing tremendous growth and a number of investors wish to invest in flats in Nashik. Some of the best places to invest in Nashik are,
- College road
- Gangapur road
- Mahatma Nagar
- Pandit Colony
- Canada Corner etc.
Investors can consider the following areas for mid-range housing investment in Nashik,
- Ashoka Marg
- Indiranagar
- Ravishankar Marg
- Ashwin Nagar
- Chetna Nagar etc.
Investors can consider the following areas for budget options and affordable housing segments,
- Adgaon
- Mhasrul
- Amrutdham
- Takli road etc.
A number of Indian and foreign investors wish to invest in places near the Nashik to Gujarat to Perth highway as these areas exhibit excellent investment and development potential. A number of newly developing suburbs in Nashik such as Pune road, Indiranagar and Anandwalli are also attracting investors as these properties are capable are bringing in an excellent return on investments in the long run.
Properties in Nashik:
There has been a tremendous change in the quality of flats in Nashik from the yesteryears. Modern-day apartments here are lavish and are filled with modern amenities and are much appealing for both Indian and NRI investors. Some of the best property developers in Nashik are Samraat developers, Sreeji group, Ekta World, Suyojit group, Sankhalecha developers, etc. Investors choose Nashik as their preferred destination for real estate investment as the tremendous demand for housing here has pushed up the land rates and investors are turning into millionaires in a short time span, corresponding to the quantum of their investment.
Wrapping up,
Both Nashik and Kharghar are flourishing in real estate in Maharashtra, attracting NRI investors towards India. There are ample housing projects starting from apartments to row houses, independent houses, villas and under-construction projects in these cities. We can find and locate all of these properties area wise at housing.com. It is one of premium real estate websites in India that lists properties area-wise, district wise and state wise. Buying and selling a property through housing.com is easy, there is absolutely no brokerage or middle man involvement. The website also offers an easy EMI option for its buyers to favor their investments. Thousands of properties are listed at housing.com all over India, explore the website to locate your next big investment.