Nashik to get investment hotspot tag

NASHIK: The Confederation of Real Estate Developers Association of India (Credai) Nashik has decided to brand the city as an investment hot spot and has decided to organise events every three months to highlight the potential of Nashik. It has also decided to make efforts to attract new industrial investments in Nashik.
The first event will be held on Friday in association with a private firm.The theme of the event is ‘Nashik-North Maharashtra as investment hot spot’.
“Our focus is to market the city to attract investments. The real estate sector will get a boost if industrial investment comes here,” said Umesh Wankhede, vice-president of Credai Nashik.
He said, since Mumbai and Pune have crossed saturation levels, “there is huge potential for the growth of Nashik. The city is at equidistance from Mumbai and Pune. It has come on the air map with connectivity with Mumbai and Delhi.”
The Credai members said plans are afoot for the next three years on branding and marketing the city.
The Anarock Property Consultant, joint organiser of the event on Friday, will release reports on Nashik as hot spot for investment.
“Nashik did not get a large industrial project over a decade due to scarcity of land. But the situation has changed. The MIDC has acquired land at many locations, but allotment of plots is yet to begin. The government should ensure that the new industrial areas are developed fast,” said Manish Rawal, chairman of the infrastructure committee of Nashik Industries & Manufacturers’ Association.