Posh Areas in Nashik and Favourable Locations To Invest

Posh Areas in Nashik and Favourable Locations To Invest

Nashik, located in Maharashtra, is famous for its rich history, spirituality, and natural beauty. It’s surrounded by the Sahyadri Mountains and the peaceful Godavari River, attracting tourists and locals. The city’s main source of attraction is its old temples, lively festivals, and busy markets. Nashik is also known for its beautiful vineyards, like Sula Vineyards, and serene pilgrimage spots, such as the famous Trimbakeshwar Temple, making it a perfect destination for travellers seeking peace and exploration.

We have listed a few posh areas in Nashik, which make it a residential spot for several stars. With proximity to beautiful landscapes and renowned attractions like Sula Vineyards, these posh areas provide a strong reason to live in Nashik.

Top 5 Posh Areas in Nashik

1: Gangapur Road

The Gangapur Road of Nashik runs alongside the Gangapur Road locality, linking the city centre to the upscale Girnare Village. Via the Deola Road route, Gangapur Road is 27.6 km from the Nashik International Airport. The closest railway station, the Nashik Road Railway Station, is 16.8 km away.

Some famous residential projects in Gangapur Road are Patil Prangan, Archit Soap Estates, Shreeji Floating Villas, etc. The nearest hospitals to this area are Rachana International School, Ashoka Universal School, Blossom Public School, etc. Nearby health facilities include Saibaba Hospital. There are nearby malls like City Centre Mall and Ginger Square Mall, etc., and tourist attractions are Gangapur Dam, Sita Gufa, Trimbakeshwar Temple, Nasik Coin Museum, etc.

The property price in Gangapur Road is around Rs. 1,800 to Rs. 8,500 per sq ft. The cost of renting a property varies from Rs. 15,000 to Rs. 50,000 per month.

2: Indira Nagar

Indira Nagar in Nashik is one of the best residential places on the city’s western side. The locality is rapidly evolving with the development of both residential and commercial properties. It is 25.9 km from Nashik International Airport and 83 km from Nashik railway station.

Nearby tourist places in Indira Nagar are Sula Vineyards, Anjaneri Hills and Gangotri Museum. Popular residential projects include Ravi Amrutdhara, Vastu K Cube, and Pawa Blossom. Proximate schools are Kendriya Vidyalaya, Wisdom High International School, Fravashi Academy, etc.

Property rates in Indira Nagar range from Rs. 2,700 to Rs. 5,300 per sq ft, and renting a property costs around Rs. 8,000 to Rs. 25,000 per month.

3: Pathardi Phata

Located adjacent to the Mumbai-Agra Highway, Pathardi Phata is a posh neighbourhood in Nashik with a real estate surge. Its proximity to the Nashik International Airport (27.6 km) and the Nashik Road Railway Station (9.2 km) ensures seamless connectivity to Nashik and other parts of the country.

Yogeshwar Shivalik Siddhi, Yogeshwar Shivalik Sadhna, and Rushiraj Manjula are developing residential projects in Pathardi Phata. Famous schools in and near Pathardi Phata are Delhi Public School, Symbiosis International School, and Orchid International School. Nearby hospitals are Apollo Hospital and Suyash Hospital. Nashik Caves, Pandavleni Caves, and Gangotri Museum are famous tourist places in this area.

Residential property in Pathardi Phata costs around Rs. 4,200 per sq ft.

4: Govind Nagar

Govind Nagar, a suburban area of Nashik, benefits from convenient access to the city and various parts of the state due to the Nashik Freeway, National Highway 50, and Mumbai Agra Road. Situated approximately 22.6 km from the Nashik International Airport and with the Nashik Road Railway Station at 9.4 km, Govind Nagar enjoys excellent connectivity.

Famous tourist places in Govind Nagar are Saptashrungi Devi Temple, Dudhsagar Falls, and Panchavati. Popular malls are Pinnacle Mall and City Centre Mall. Famous residential projects include Antonia The Sky Villa, Shreeji Celestia, and Deepak Three Leaves. Nearby schools are Flying Colors, The Universal School, and Expalier Experimental School.

Residential property in Govind Nagar is around Rs. 6,430 per sq ft.

5: Mahatma Nagar

Mahatma Nagar is a famous posh area in Nashik, 25 km from Nashik International Airport and 12.5 km from Nashik railway station. It is close to the city centre and has numerous residential complexes and commercial establishments.

Some famous schools in Mahatma Nagar include New Horizon Scholars School and Symbiosis International School. Residential property in Govind Nagar is around Rs. 8,000 per sq ft.

7 Things to Consider When Buying a Property in Posh area in Nashik

1: Connectivity

Nashik boasts an excellent public transportation network comprising buses, taxis, local trains, and metro lines. This facilitates convenient travel from the city centre to the outskirt areas, effectively addressing the demand for residential properties. It is well connected to Pune via NH-50.

2: Industrial Developments

Nashik is ranked third in industrialisation among Maharashtra cities. It has several firms, such as Mahindra and Glaxo. The city has recently experienced a surge in employment prospects, leading to a rise in residential developments catering to the needs of working professionals. Nashik has several IT hubs, including Datamatics Global, WOWinfotech, Aress Software, Ampcus Inc, etc. A new IT park is planned to cover 10 acres of land as part of MIDC.

3: Verify Authenticity through RERA

Each state operates its own RERA portal, which meticulously updates and documents information regarding registered properties. Verifying the property and its authenticity through the Maharashtra RERA portal is crucial to ensuring the credibility of builders and properties in Nashik.

4: Affordability

Before selecting a residential property in Nashik, verifying its affordability and ensuring it remains within your budget constraints is vital. While Nashik has offered quality homes at reasonable prices, the ongoing developments in infrastructure and population growth may lead to price escalations. Panchavati, Nasik Road, and Chandshi are affordable places to live in Nashik.

5: Economic Growth

Nashik has experienced significant economic expansion in recent years, largely due to its diverse industrial landscape, including manufacturing, IT, and agriculture. The emergence of industries and resulting employment opportunities have attracted a continuous stream of individuals to the city, consequently boosting the demand for residential real estate.

6: Rising Rental Yield

The increasing population and economic growth in Nashik have led to a surge in demand for rental properties. This presents an opportunity for investors to capitalise on favourable rental yields, turning residential real estate into a source of passive income. The gross rental yield in Nashik is 3.2%.

7: Charges for Property Investment

Posh areas in Nashik are the best places to reside, but before moving to Nashik, one must verify the charges. In Nashik, the stamp duty charge for men is 6%, whereas for women, it is 5%.

Conclusion

Recent infrastructural developments in Nashik

  • Nashik Neo Metro Project
  • Multi-modal transport hub
  • Namami goda project
  • Outer ring road

Top 5 Posh Areas in Nashik

  • Gangapur road
  • Indira Nagar
  • Pathardi Phata
  • Govind Nagar
  • Mahatma Nagar

Things to consider while buying property in Nashik

  • Connectivity
  • Industrial developments
  • Verify authenticity through RERA
  • Affordability
  • Economic growth
  • Rising rental yield
  • Charges for property investment

FAQs

Which is the most posh area in Nashik?

Gangapur Road is the most posh area in Nashik.

How many posh areas are there in Nashik?

There are a total of five posh areas in Nashik, those are:

  • Gangapur road
  • Indira Nagar
  • Pathardi Phata
  • Govind Nagar
  • Mahatma Nagar

Which are the top 3 posh areas in Nashik?

The top 3 posh areas in Nashik are:

  • Gangapur road
  • Indira Nagar
  • Pathardi Phata

Is Mahatma Nagar one of the posh areas in Nashik?

Yes, Mahatma Nagar is one of the posh areas in Nashik, which has excellent connectivity to Nashik International Airport and Nashik railway station.

Is Gangapur Road a posh area in Nashik?

Yes, Gangapur Road is the top posh area in Nashik, with the best tourist places like Gangapur Dam, Sita Gufa, Trimbakeshwar Temple, and the Nashik Coin Museum. Gangapur Road is 27.6 km from the Nashik International Airport. The closest railway station, the Nashik Road Railway Station, is 16.8 km away.

What to consider before buying a property in the posh area in Nashik?

The following things must be considered:

  • Connectivity
  • Industrial developments
  • Verify authenticity through RERA
  • Affordability
  • Economic growth
  • Rising rental yield
  • Charges for property investment