Mumbai-Nashik Highway: Best Place To Rent Or Invest?

The 150-kilometer stretch of road connecting Mumbai to Nashik has become a hotbed of activity. Huge projects have come up along the Mumbai-Nashik Highway and many more are underway. Realtors have followed the scent of development and properties for sale or rent abound. Here’s why you should consider it as a viable place to live or invest:

Prime Location
The Mumbai-Nashik highway is already a lifesaver when it comes to commute times. Away from the stagnated Mumbai roads and real-estate market; property in Mumbai Nashik highway is cheaper. Except for a few prime locations, the average price comes down to around 3000-5000 INR.

This area boasts a much greener environment than Mumbai, with many tourist destinations along the stretch. Nashik has always been an industry hub and more so in recent years, with many MNCs expanding their presence there. The city also boasts some of the finest educational institutes in northern Maharashtra. You are always connected to the throb of the wine capital industrial might on one side and the financial capital of the country on the other.

Why Invest?
Tourism is a huge prospect for property owners along the Mumbai Nashik Highway. Many families already own a second home or weekend retreat type of property. The low cost of entry in real estate in these areas makes this possible. You can rent out your property whose average rental value starts from 2% to about 7% of the property’s value.

Mumbai Nashik Highway property buyers are safe from an investment perspective too. This is because all the Mumbai Nashik Highway properties check all the boxes of ELL, which professional investing companies swear by. It is an early, long-term investment and the location has good connectivity.
If nothing else, you can sell your investment for much more as the area is only bound to develop more in the coming years. The prices are bound to soar even more in the future. Property buyers have already seen a steep increase in prices of property for rent in Mumbai Nashik Highway in the last 15 years.

Plenty of Options to Choose From
Initially, only the rich could afford to invest in real estate. People would choose plots to build homes on. Now, it is even possible for a normal middle-class person to do so. With the demand for second homes increasing day by day, realtors have started offering ready-made options too. You can choose from not only ready villas or bungalows but also one or two-bedroom hall apartments.

A variety of loans and EMI options are available. Anyone with a fixed salary with steady savings can buy a property if they are looking for a long-term investment in the Mumbai Nashik Highway property.

Or Just Rent
The rents in the flats around the highway, for example, let’s take Itagpuri, range approximately from 2400-3500 INR. The low cost of living combined with the steady increase in real estate prices invest or settling in this area a no-brainer. Even if you’re just looking to live on rent and commute to work, there are many options to look from. The superb connectivity by air, rail, road, and waterways nearby won’t hurt either.