Nashik witnessing booming growth in the real estate sector

Nashik has recorded 1.42 lakh property transactions in the current financial year as against 1.15 lakh transactions recorded in the last financial year

The Nashik chapter of the National Real Estate Development Council organized an inauguration of a 4-day property expo, in which Nashik divisional commissioner Mr. Radhakrishna Game said that the real estate sector of Nasik is blooming, property transactions have increased by 23% in the current fiscal year so far implying that Nashik’s real estate sector is seeing growth.

Mr. Game while addressing the gathering at Dongre Hostel grounds along the Gangapur Road said that Nashik has recorded 1.42 lakh property transactions so far in the current financial year. 

The simplified unified development control and promotion regulations introduced by the government two years ago are also helping grow the sector. The parking issue is being resolved with simplified development control rules. There are over 500 residential and commercial projects under construction in Nashik. The state is also planning to have unique numbers for every land parcel and conduct online land measurements, said Mr. Game. 

Chandrakant Pulkundwar, NMC commissioner said that efforts are being made to ease the process of building plan approval. 

Mr. Kailas Davange, district stamp collector said that revenue through stamp duty in the district has improved and the district has earned a revenue of Rs 1,100 so far in the current financial year. 

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