Record Property Transactions in Nashik: ₹17,543 Crore in FY26
Nashik city sees a record ₹17,543 crore in property transactions during FY26, reflecting growth in the real estate market driven by regulatory reforms and changing housing preferences.
Record Property Transactions in Nashik
Nashik city has achieved a remarkable milestone in its real estate sector, with property transactions worth ₹17,543 crore registered during the financial year 2025-26. This figure marks the highest annual property turnover recorded in the city to date, showcasing a robust growth trajectory in the local real estate market.
The revenue generated from property registrations, which is collected by the Nashik Municipal Corporation (NMC) through a 1% local body cess, amounted to approximately ₹175.43 crore. This significant increase from the ₹13,529 crore recorded in the previous financial year indicates a surge in real estate activity, driven by various factors.
Experts attribute this growth to regulatory reforms, evolving housing preferences, and the availability of ready-to-move-in homes. The introduction of the Unified Development Control and Promotion Regulations (UDCPR) in December 2020 has simplified project approvals, encouraging new developments and boosting the real estate sector.
Furthermore, the demand for spacious homes has shifted significantly post-COVID-19, with buyers increasingly opting for larger units. The availability of around 25,000 to 30,000 completed flats across nearly 1,000 residential projects has also played a crucial role in supporting sales, as many buyers prefer completed properties over those still under construction.
Frequently Asked Questions
What factors contributed to the rise in property transactions in Nashik?↓
The rise in property transactions in Nashik can be attributed to regulatory reforms like the UDCPR, changing housing preferences post-COVID-19, and a large inventory of completed housing projects.
How has the UDCPR impacted the real estate market in Nashik?↓
The UDCPR has simplified project approvals and encouraged new developments, significantly boosting the real estate sector in Nashik.
How can renters find suitable properties in Nashik?↓
Renters can utilize rental apps like TheBrik, which help streamline the search process by providing listings and facilitating communication between landlords and tenants.