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Tuesday, Jan 22nd

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Commercial Properties

Commercial Properties

Nasik is seen as a city of immense prominence as it is a part of the golden triangle Mumbai-Pune-Nasik and there has been a significant infrastructure development across the city. The presence of numerous multinational and other medium and small scale industries in the industrial areas around Nasik has boosted the economy and progress. The real estate market here is not untouched by these developments and Nasik is seen as an investment hub for both residential and commercial properties.

The development of commercial properties has touched the Nasik city to the core. Areas like Gangapur Road, College Road, Trimbak Road, Indra Nagar, Ashoka Marg, Nasik-Pune Haighway are a hot spot for strategically located commercial properties. There are existing projects as well as new projects coming up in these areas.

The setting up of V-Tech IT Park, by Sankhlecha Constructions, off Mumbai Naka has boosted the commercial properties in the area. It is the first IT park in Nasik and has an investment of around 100 crore. The area around Sinnar has also gained prominence for commercial properties as a multi-product SEZ has been declared there on an MIDC area of 1010 hectares. There is a DSK Project coming up there over area of 100 acres of land. Raheja group is planning on maintaining as well as leasing an I.T Park in Ambad MIDC.

The areas in the heart of city are also attracting investments for commercial properties as different builder groups have come up with plan to set up malls in the areas. The Mall made by Sarda Group in Untawadi is one of the prime examples. Similarly Talware group is planning a mall on Ganagpur Road and Suyojit Group on Peth Naka and College Road. There is a private I.T park coming up in the Mahatama Nagar Area too. The Nasik -Pune Road is seen a boost in commercial properties like G-Mall by Sanklecha Builders. The 4 laning of Mumbai-Agra Highway has made Ojhar and Adgaon an attraction for commercial properties and expansion of industries especially I.T industries.