300 Flats Sold in Nashik in June after Relaxation in Restrictions
In an encouraging development for the real estate sector in Nashik, prospective home buyers have booked 300 residential properties, worth over Rs 105 crore, since early July after the district administration eased the strict restrictions,” said Ravi Mahajan, the president of Credai-Nashik. According to some developers, with the festive season approaching, the sale of properties will further gain momentum in the next few months. “The fact that a significant number of residential properties were booked in such a short span of time is an indication that despite the pandemic, people are keen on buy flats. Apart from local Nashik residents, people from Mumbai, Pune and other districts of north Maharashtra are showing interest in buying residential properties here,” said Mahajan. Nashik’s realty sector had come to standstill between March and May due to the second Covid wave. Construction activities had stopped as migrant workers had left for their hometowns. However, with the restrictions being eased and the pandemic ebbing in Nashik, migrant workers have started returning and construction work has restarted. Mahajan added the quantum of inquiries from prospective buyers too had increased significantly and the conversions of these inquiries into actual business will take another couple of months.
Tags : News/Views Developers Real Estate construction Sold June 300 Flats Nashik Relaxation Restrictions