Discover the potential of Nashik's commercial real estate market, driven by industrial growth, improved infrastructure, and rising demand for retail space. Learn about rental rates, preferred areas, and facilities desired by buyers.

Nashik's commercial real estate market is experiencing a positive upswing, driven by several factors:

Industrial Growth: Nashik's strong manufacturing base, especially in automobiles and pharmaceuticals, is attracting businesses and creating a demand for office and warehouse space.

Improved Infrastructure: Investments in infrastructure projects like the Mumbai-Nashik Expressway and greenfield industrial corridors are enhancing connectivity and attracting new businesses.

Increased Demand for Retail Space: Rising disposable incomes and a growing population are fueling the demand for retail spaces, such as shopping malls and showrooms.

 

Rental vs. Buying: The Current Trend

The trend in Nashik's commercial real estate market is shifting towards buying, as businesses and entrepreneurs increasingly seek long-term investments and stability. This shift is driven by a growing desire for permanence and a desire to reap the benefits of ownership, such as potential appreciation in property value and customized spaces that reflect their brand identity.

 

Preferred Areas for Commercial Investment

Investors are primarily interested in areas with good connectivity, established businesses, and a high footfall. Some of the most preferred areas include:

Gangapur Road: A well-developed commercial hub with easy access to major highways and industrial areas.

College Road: A prominent commercial area with a mix of retail shops, offices, and educational institutions.

Govind Nagar: Govind Nagar's growth potential as a residential area, coupled with lower property costs compared to established hubs, makes it an attractive option for commercial investment in daily needs shops.

Mumbai-Agra Highway: High visibility and excellent connectivity along the Mumbai-Agra Highway frontage attract businesses reliant on walk-in traffic, while the location itself is well-positioned for appreciation as the surrounding area experiences development.

Makhmalabad: Makhmalabad's potential lies in its growth as a residential hub with good city connections, making it a suitable location for commercial spaces catering specifically to the needs of established families in the area.

Pathardi Phata: An emerging commercial zone with upcoming infrastructure projects.

Ambad MIDC: A major industrial area attracting warehousing and logistics companies.

 

Facilities Desired by Buyers

Buyers seeking commercial properties in Nashik prioritize the following:

Good Connectivity: Easy access to major roads and highways.

Ample Parking Space: Essential for smooth business operations, especially for retail spaces.

Security Features: Adequate security measures like CCTV cameras and security guards.

Modern Amenities: High-speed internet connectivity, power backup, and proper waste management systems.

 

Is Nashik Good for Commercial Real Estate Investment?

Nashik offers a promising market for commercial real estate investment due to:

Growing Demand: The factors mentioned earlier are driving a continuous rise in demand for commercial space.

Relatively Lower Investment: Compared to established cities like Mumbai and Pune, Nashik offers opportunities for investment at a lower entry point.

Potential for High Returns: With the expected growth trajectory, rental rates and property values are likely to increase, offering good returns on investment.

 

Future Scope and Returns

The future of commercial real estate in Nashik appears bright. Here's what to expect:

Increased Investment Activity: As the market matures, we can expect more investment from national and international players.

Development of High-Quality Projects: The availability of investment-grade commercial properties is likely to increase.

Appreciation in Property Values: With rising demand and limited supply, property values are expected to appreciate in the long run.

 

Important Note: It's crucial to conduct thorough market research, consider professional advice, and choose a reputable developer before investing in commercial real estate in Nashik.