Live news feed — last updated 18 June 2026
NMC has mandated a 50:50 utilization of premium Floor Space Index (FSI) and Transferable Development Rights (TDR) to stimulate demand and expedite land acquisition processes. This policy aims to streamline development and potentially accelerate the pace of new construction projects.
Chief Minister Devendra Fadnavis expressed confidence in Nashik's development potential, driven by infrastructure investments for the Simhastha Kumbh Mela. A Rs 33,000 crore investment is planned for infrastructure, including improved connectivity, dry ports, and ring roads, aiming to create a Rs 3 lakh crore economy in Nashik over the next decade.
Nashik's real estate market is expected to remain stable and investment-friendly in 2026, with gradual price appreciation and consistent rental demand. Emerging areas like Pathardi Phata, Adgaon, and Trimbak Road are projected to see stronger value growth due to expanding infrastructure and residential development. This stability is attributed to improved infrastructure, rising lifestyle migration.
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