Residential options galore at Nasik-Pune Highway
For those looking to make a score and bag in maximum returns by investing not more than Rs 10-Rs 60 lakh, the Nashik-Pune highway proves to be the perfect dias. Investing in properties stationed near the highway will serve as an asset for an investor in the near future.
Stretching over an area of 190 km, the Nashik-Pune highway is one of the upcoming belts where residential growth has gained momentum. From multi-storey apartments to plots, (within the price bracket Rs 10- Rs 60 lakh), the area surrounding the highway has witnessed a plethora of residential properties that promises lucrative returns in the near future.
Why it is a viable option for investment?
The land encircling the highway is being lauded as a potential area for end-users and investors. The area is a hit among the working class due to its affordable pricing, while investors take a keen interest in the area because of its industrial development (in the past) and the possible future impact it may have.
Plans for road widening into a four lane highway, further broadens the scope of investment in the area. With the widening of road, infrastructure in the area will get a major boost that will in-turn kick off the land prices. With the widening of the road, the possibility of more industrial setupwould increase that will fire-up the land prices significantly.
Demand and supply play a key role
The growing working population (of the numerous industrial set-up near the highway) has triggered the demand for residential units in the area. The MIDC (Maharashtra Industrial Development Corporation), which is 30 km from Nashik on the highway plays a key role towards increasing the demand for housing units in the region. 1 and 2 BHK units mostly find relevance among the service class in the area.
The supply of affordable properties is aligned with demand along the highway. With multi-storey apartments witnessing a number of takers, developers offer apartments that fall within the price-bracket Rs 10- Rs 30 lakh. In regard to the low budget of the service class, developers focus more on smaller units. 1 BHK apartments that are mostly supplied in the region vary from 500-550 sq ft.
