Houses/Villas for sale in Aurangabad

This may be the start of a turnaround for Aurangabad realty with the city all set to become an employment-creation centre. The Aurangabad Industrial City (AURIC) is expected to to create over 1.5 lakh jobs in the city, officials say. AURIC, a smart industrial city right outside the city, will be developed in an area of 10,000 acre as a part of the Delhi–Mumbai Industrial Corridor (DMIC) and will attract an investment of Rs 70,000 crore in the coming decade. This development in the periphery of Aurangabad is expected to boost residential real estate opportunities in the city. Investors, looking for future returns or for rental returns, could both invest in one of the affordable markets of Maharashtra.

In a move that further boost the prospects of the 1,483-km Delhi Mumbai Industrial Corridor (DMIC), the Centre has planned to link the Shendra and Bidkin nodes in Maharashtra’s Aurangabad through a new highway under the project.

The Rs 49,247-crore project announced by the Devendra Fadnavis government is being developed by the Maharashtra State Road Development Corporation. With eight lanes, the 701-km super expressway has been designed to have vehicles running at a speed of up to 150 kilometre per hour (km/h) on flat terrain and up to 100 km/h on the mountainous terrain. These speeds will help the commuters travel from Mumbai to Aurangabad in four hours and another four hours to reach Nagpur.

In a move that would not only tremendously boost connectivity in what is popularly known as India’s wine capital but also positively impact the property market in the city, the Maharashtra government, on August 28, 2019, gave its approval to the Nashik Metro rail project. Here is everything buyers, investors and commuters need to know, about the project.

Under the provisions of the law, agricultural land could only be used for agricultural purposes. To use it for a purpose other than that i.e. residential, commercial or industrial, the owner has to seek an approval from authorities concerned and change the “land use”. In most states the authority to grant land use lies with the revenue department. An obligatory charge, which varies from state to state, must also be paid by the person who is seeking of conversion of land use.