Nashik Municipal Corporation approves 230 building proposals in Oct
Real Estate

Nashik Municipal Corporation approves 230 building proposals in Oct

The festive season in India has boosted the real estate sector, and Nashik Municipal Corporation (NMC) has approved 230 building proposals in October.

The overall construction cost is expected to be Rs 100 crore, except for the land cost. It expects to add 600 more apartments in the next two to three years.

The NMC official told the media that the corporation had received proposals for 350 buildings in October. From the total, 230 have been approved, and the rest are being examined.

The official said that the festive season has a positive impact on the real estate sector. The builders are keen to get their proposals approved to begin the construction work.

A senior member of Confederation of Real Estate Developers Association (CREDAI) - Nashik and the Chairman of the Real Estate Committee of Maharashtra Chamber, Umesh Wankhede, said that the real estate demand has increased after the Covid-19 pandemic. People have realised the importance of their housing.

He said that the number of housing customers has increased. Last month, nearly 300 apartments of Rs 120 crore were booked. Previously, the demand was for ready possession flats, but now people are booking new flats.

He added that the real estate builders have started planning for new building projects and submitting their plans to the NMC for getting approval. The prices of construction raw materials such as steel and cement have also witnessed a price hike. Therefore, the construction costs have also increased by 20%.

The builders have not increased the prices and are selling flats at market rates.

Image Source

Also read: Chandigarh Housing Board to auction 159 properties from November 10
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The festive season in India has boosted the real estate sector, and Nashik Municipal Corporation (NMC) has approved 230 building proposals in October. The overall construction cost is expected to be Rs 100 crore, except for the land cost. It expects to add 600 more apartments in the next two to three years. The NMC official told the media that the corporation had received proposals for 350 buildings in October. From the total, 230 have been approved, and the rest are being examined. The official said that the festive season has a positive impact on the real estate sector. The builders are keen to get their proposals approved to begin the construction work. A senior member of Confederation of Real Estate Developers Association (CREDAI) - Nashik and the Chairman of the Real Estate Committee of Maharashtra Chamber, Umesh Wankhede, said that the real estate demand has increased after the Covid-19 pandemic. People have realised the importance of their housing. He said that the number of housing customers has increased. Last month, nearly 300 apartments of Rs 120 crore were booked. Previously, the demand was for ready possession flats, but now people are booking new flats. He added that the real estate builders have started planning for new building projects and submitting their plans to the NMC for getting approval. The prices of construction raw materials such as steel and cement have also witnessed a price hike. Therefore, the construction costs have also increased by 20%. The builders have not increased the prices and are selling flats at market rates. Image Source Also read: Chandigarh Housing Board to auction 159 properties from November 10

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000