Nisham Ameya Residency

By: Nisham Developers Pvt Ltd in Gangapur Road

About Project:. Nisham Ameya Residency is an ultimate reflection of the urban chic lifestyle located in Gangapur Road, Nashik. The project hosts in its lap exclusively designed Residential Apartments, each being an epitome of elegance and simplicity.

About Locality:. Located at Gangapur Road in Nashik, Nisham Ameya Residency is inspiring in design, stirring in luxury and enveloped by verdant surroundings. Nisham Ameya Residency is in troupe with many famous schools, hospitals, shopping destinations, tech parks and every civic amenity required, so that you spend less time on the road and more at home.

About Builder:. Nisham Ameya Residency is engineered by internationally renowned architects of Nisham Developers Pvt Ltd. The Group has been involved in producing various residential and commercial projects with beautifully crafted interiors as well as exteriors.

Units and Interiors:. Nisham Ameya Residency comprises of 2 BHK Apartments that are finely crafted and committed to provide houses with unmatched quality. The Apartments are spacious, well ventilated and Vastu compliant.

Amenities and security features:. Nisham Ameya Residency offers an array of world class amenities such as Apartments. Besides that proper safety equipments are installed to ensure that you live safely and happily with your family in these apartments at Gangapur Road.

Among all the ancillary localities in Nashik that have developed from its strategic location, the suburb of Gangapur Road has witnessed the fastest expansion. Running parallel to the river Godavari, this locale enjoys pleasant weather, landscaped roads, and undisturbed greenery, gaining a name amongst developers and home-seekers.

Gangapur Road’s excellent civic and social infrastructure, its close proximity to the Satpur Industrial Area and most of the schools and colleges of the city, has led to high demand for student, families and industrial employees. To cater to this growing demand, a multitude of builders has developed various residential projects.

Most residences here are gated communities with gymnasiums, swimming pools and departmental stores. These residential complexes cater to the higher income groups. Budget apartments are available as well, for young IT professionals.

Connectivity and Transit Points

Gangapur Road’s rapid development has led to greater connectivity and transit systems. The Gangapur Railway Station is located on this road, and is the transit stop for many interstate and intrastate trains, taking travelers to important cities like Mumbai, Chennai and Coimbatore.

Gangapur New Bus Stand is the bus stop in this vicinity, and local MSRTC (Maharashtra State Road Transport Corporation) buses ply from here periodically, taking commuters to different parts of the city.

The road in itself provides excellent connectivity to the Nashik-Pune Highway and the Nashik-Mumbai Highway, allowing for smooth and hassle-free journeys via roads.

Major Landmarks

Godavari River

Satpur Industrial Area

Hanuman Mandir

Ayyappa Temple

Don Bosco Church

Factors for Growth in the Past

The mushrooming of several IT companies close to this locality, along with its close proximity to the ethereal and serene river Godavari and the enterprising Satpur Industrial Area, has led to several residential developments in the locality. The establishment of a host of residential projects, along with excellent social and civic infrastructure, has led to an influx of consumers over the past few years, causing this locality to become one of the city’s most sought-after residential hubs.

Residential & Commercial Market

The current residential sales trends in multi-storey apartments in this locality range between Rs 4,300 to 4,650 per sq. ft. Residential plots cost anywhere between Rs 17,000 to 24,550 per sq. yd. Monthly rental rates for a typical 2 BHK range from Rs 8,500 to Rs 11,500.

The rental prices of commercial space in this locality largely depend on the size of the space, location and the facilities attached to the property, and can range from Rs 15,000 to Rs 3 Lakh per month.

Major Challenges

The perennial roads and by-lanes of this locality are poorly constructed, with potholes and uneven surfaces. Improper garbage disposal, poor lighting, choked drains, and fluctuations in electricity and water supply plague the residents of this locality. Occasional chain-snatching and petty thefts have been reported.

Factors for Growth in the Future

Civic authorities are planning on widening Gangapur Road, so as to smoothen traffic flow of the commuters. A number of residential projects, both affordable, mid and high-end, are slated for completion by early 2015, thus opening this locality up to demanding home-seekers.

The Archit Group has started working on a premium residential complex called ‘The Zodiac’, offering 2, 3 and 4 BHK units ranging from Rs 45 Lakh to Rs 1.3 Crore. Other elite multi-storey apartments are being developed by major builders such as Suyojit Infrastructure Ltd., Peninsula Land Ltd., and Samraat Group of Companies. The Lakshmi Township will provide housing units at more affordable prices, catering to the affordable and middle income groups.

Further improvements in existing infrastructure are guaranteed to aid the steady growth that this locality is already witnessing.