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Friday 25 March 2016

Affordability Drives Property Nasik

Property Nasik has been giving great return on investment in the last few years. The city is the most preferred destination to invest in Maharashtra after Pune and Mumbai. The city was once just a pilgrimage destination but today the city has prospered into a budding industrial hub which invites a lot of talent and as the result the real estate in Nasik has also expanded. Now people are looking to buy flats in Makhmalabad as the city offers good appreciation. People who are coming to the city for a small time period rent a house. Flats in Makhmalabad also earn a good rental income as many people rent a house here. With EMIs of home loans coming down drastically in the recent past the demand of property in Makhmalabad has touched the roof. Instead of rent a house many people are now looking at buying a property in Makhmalabad.

It will not be wrong to say that property Nasik is greatly influenced by the home loan EMIs or the repo rate announced by the RBI. Real estate in Nasik caters to the middle class segment that is extremely price sensitive. Therefore increasing and decreasing of home loan EMI amount plays a major role towards the demand of property Nasik.

The real estate in Nasik was initially end-user driven but all this has changed in the last few years as many HNIs and NRIs too are looking at the city for investment. Major developments have taken place in the city which is why many investors were prompted to invest here.   Things have very much moved in favor of real estate in Nasik like property in Makhmalabad. You too can invest in property Nasik like flats in Makhmalabad and reap huge benefits as the city of Maharashtra is going to give good return in future too.

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