Government needs to reduce taxes for affordable housing in Nashik

Q: The real estate sector is passing through a phase of recession over the past 3-4 yrs. and Nashik is no exception.

Sishir,

22nd December 2015

Property Tax in Nashik

affordable housing

credai

nashik municipal corporation

building completion certificate

nashik real estate

real estate scenario in nashik

credai nashik

real estate trend in nashik

rise in property prices in nashik

bccs

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Replies (3)

Hi all,
My question is why are thousands of properties in the city without Building Completion Certificates (BCCs)? What is Credai Nashik doing for it?

Keshavrao Jedhe, Pune

22nd December 2015

Comment

As per rules, cupboards with size up to 8x2 sq-ft is allowed but most developers have extended cupboard spaces to 12x2 sq-ft or even 20x5 sq-ft. Earlier the municipal corporation was giving BCCs by regularizing such problems but now the NMC has suddenly stopped giving BCCs on the ground of additional size of cupboard spaces. They are already in talks with the state government to find a solution for it.

Abhinandsavalla, Mumbai

22nd December 2015

Good afternoon all!!
What is the real estate trend in the Nashik now? What is people's preference?

Ananya,

22nd December 2015

Comment

@Ananya,
The demand has shifted from large flats to medium size flats in the range of 700-800 sq-ft. There is still a demand for small and medium size flats but the demand for large flats is comparatively low. People prefer buying flats instead of bungalows for safety reasons.

Abhinandsavalla, Mumbai

22nd December 2015

Thanks Abhi,
What is the Credai Nashik doing to boost the real estate sector here?

Ananya,

22nd December 2015

Well Ananaya,
You might know that last year Credai Nashik had conducted a property exhibition and they held another exhibition 2 months ago in Mumbai for those who would like to settle down in Nashik and now they are planning to hold a grand property exhibition in Nashik within the next few months. Recently, they held a B2B meeting with the brokers to boost sales. What more people are expecting within 1 and half years of BJP Govt.

Abhinandsavalla, Mumbai

22nd December 2015

Hi,
I want to know the real estate scenario in Nashik? Why there is no rise in property prices in Nashik for the past two years making properties available at average rates?

bashir,

22nd December 2015

Comment

Hi Bashir,
Nashik too is facing recession over the past 3-4 yrs. But there has been a sign of improvement for the past few months particularly from Dushera. Around 250 flats worth Rs 75 crore were booked during the festive season alone in Nashik. So, 2016 will be a good year for Nashik in terms of real estate.

Abhinandsavalla, Mumbai

22nd December 2015