Nashik
Makhmalabad is evolving as a key residential hub in Nashik, characterized by steady price appreciation and a clear preference for varied housing types. Recent quarterly data indicates a consistent upward trajectory in property rates, moving from ₹3,650 per sq ft to ₹3,800 per sq ft. This growth is particularly notable in the villa segment, which has outperformed broader market trends. Investors and homebuyers are increasingly drawn to the area due to its balanced supply of apartments and villas.
The average asking price in Makhmalabad is ₹3,800 per sq ft as of June 2026. This rate has remained stable, showing a 0% change compared to the previous period, which indicates a period of price consolidation in the local residential market.
Property prices in Makhmalabad are currently more affordable at ₹3,800 per sq ft compared to the average asking price in Gangapur Road, which stands at ₹5,550 per sq ft as of June 2026. While Makhmalabad offers a lower entry point, Gangapur Road has seen a depreciation of 2.45% in its average asking price from the previous observation period, reflecting a shift in market dynamics between these two Nashik locations.
As of June 2026, villas in Makhmalabad command a higher average price of ₹4,150 per sq ft, whereas apartments are priced at ₹3,800 per sq ft. The villa segment has shown significant growth, appreciating by 11.13% over the observed period, while the apartment segment has also seen healthy appreciation of 4.93%, suggesting robust demand for both housing types in the area.
The price trend in Makhmalabad showed a steady upward trajectory leading into late 2025, with the location rate rising from ₹3,650 per sq ft in September 2025 to ₹3,800 per sq ft by December 2025. Following this period of growth, the market has maintained stability through June 2026, signaling a balanced environment for both buyers and sellers in the locality.
Buyers should use the current average asking price of ₹3,800 per sq ft in Makhmalabad as a benchmark for evaluating property listings in the area. By comparing this against the specific property types available—such as the ₹4,150 per sq ft average for villas—investors and end-users can better assess whether a listing is priced competitively relative to the broader market trend observed as of June 2026.
