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The birth of a new & smart neighbourhood - Nashik 2.0

2021-10-05

The vibrant city of Nashik expresses the richness of spirituality in Indian culture to the fullest. Apart from the beautiful vineyards, it is home to the famous Kumbh Mela and is known for its inherent cultural value and historical significance. The city of Nashik is the perfect blend of a rich cultural past and a progressively enhanced future. It is one of the fastest-growing cities owing to the tremendous growth in the automobile industry and the ever-expanding IT sector.

The rapid urbanization and the growing industrial belt have been the reason for numerous migrations from nearby cities and towns and has ensured that Nashik remains a self-sufficient market. Nashik is no longer just a tourist pilgrimage destination. The budding social infrastructure and the pleasant climate have drawn many investors from neighbouring cities like Pune and Mumbai to invest in properties here. Since the real estate sector of Nashik is at a nascent stage, it is quickly becoming a favourite destination for many investors. The affordable prices combined with the serene and pristine atmosphere of the city have attracted the attention of many people from various age groups.

Nashik: The Smart City

The rapid urbanization and the growing industrial belt have been the reason for numerous migrations from nearby cities and towns and has ensured that Nashik remains a self-sufficient market. Nashik is no longer just a tourist pilgrimage destination. The budding social infrastructure and the pleasant climate have drawn many investors from neighbouring cities like Pune and Mumbai to invest in properties here. Since the real estate sector of Nashik is at a nascent stage, it is quickly becoming a favourite destination for many investors. The affordable prices combined with the serene and pristine atmosphere of the city have attracted the attention of many people from various age groups.

Urbanization and industrialization have always played significant roles in the development of the country but they end up harming the natural resources. The Smart Cities Mission is an initiative taken by the Government of India to promote cities that provide core infrastructure and improve the quality of life for their citizens. Nashik is home to a clean and sustainable environment by applying smart solutions and using modern technology. The main focus is on sustainable and inclusive development by targeting small areas and replicating them in other cities. The core infrastructural requirements of any smart city would include:

  • Adequate water supply
  • Assured electricity supply
  • Proper Sanitation
  • Solid waste management
  • Efficient urban mobility and public transport
  • Affordable housing for all
  • Robust IT connectivity
  • Digitization of activities
  • E-governance and citizen participation
  • Building a sustainable environment
  • Safety and security of citizen

A Glimpse into the Future of Nashik

Nashik is a blend of culture and modernization, and it is on the path to be one of the leading cities in India and has taken up the challenge of being a ‘Smart City’ efficiently. As a strategic location, the city offers excellent connectivity with popular hubs like Mumbai and Pune. The government is leaving no stone unturned to build next-generation infrastructure to ensure better mobility, connectivity and productivity. The latest initiative dedicated to foundation stone laying of over 630 KM of highway projects worth ₹ 2048 CR making Nashik the forefront of modern road infrastructure. The innumerable benefits include:

  • Minimized commute time and reduced pollution
  • New road network to serve as economic corridor
  • Easy and safe travel and transportation
  • Better access for agricultural produce and local produce to bigger markets
  • Further integration of rural areas with urban parts
  • Enhance economic activities that boost overall employment

The city offers a convenient and quality life that includes seamless public transport, safe and sustainable civic services, and an approachable local government. Owing to the ideal climatic and geographical features, Nashik currently hosts prominent industries, power plants, manufacturing units and has grabbed the attention of industrialists.

The city strives to preserve its natural heritage while progressing towards a sustainable future for the upcoming generations. Adopting the latest technological advancements, Nashik is set to become an ideal investment destination with promising ROIs in the near future. Capital values have already documented high escalation and the further scope of appreciation has enticed many to purchase the inventories here. This futuristic scope and prominent development have opened innumerable opportunities for Nashik’s industrial and lifestyle development while boosting the demand for quality real estate.

Source:

Times of India Newspaper dated 4th October 2021

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