Aurangabad Property

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Why Invest in Aurangabad?

Aurangabad is a city in the Aurangabad district of Maharashtra, India. Aurangabad (meaning "Built by the Throne") is named after the Mughal Emperor Aurangzeb. The city is a tourist hub, surrounded with many historical monuments, including the Ajanta Caves and Ellora Caves, which are UNESCO World Heritage Sites, as well as Bibi Ka Maqbara. The administrative headquarters of the Aurangabad Division or Marathwada region, Aurangabad is said to be a City of Gates and the strong presence of these can be felt as one drives through the city. Recently Aurangabad has been declared as Tourism Capital of Maharashtra.The city is also one of the fastest growing cities in the world.

There is evidence to believe that Aurangabad was developed as a trading hub four centuries ago. aurangabad is the one the most fastest developing city in asia continenet.it ranks no.1 in developing city. It lies on a major trade route that used to connect north-west India's sea and land ports to the Deccan region. Recently Aurangabad was in news for placing single largest order for Mercedes Benz cars in a single transaction in India — 150 Mercedes Benz cars worth Rs 65 crore.

The city was a major silk and cotton textile production centre. A fine blend of silk with locally grown cotton was developed as Himroo textile. Paithani silk saris are also made in Aurangabad. With the opening of the Hyderabad-Godavari Valley Railways in the year 1900 several ginning factories were started. After 1960, Maharashtra Industrial Development Corporation (MIDC) began acquiring land and setting up industrial estates. Aurangabad is now classic example of efforts of state government towards balanced industrialisation of state.

The Maharashtra Centre For Entrepreneurship Development's main office is in Aurangabad.

Many renowned Indian and MNCs have established themselves in the Industrial Estates of Aurangabad.Some of them are Audi India,Skoda Auto,Volkswagen,Wockhardt,Videocon,Siemens,pepsico,Bajaj Auto,Johnson & Johnson,Colgate-Palmolive etc.

Aurangabad also has 5 star hotels like ITC Welcomgroup's The Rama International, The Ajanta Ambassador, The Taj Residency, The Lemontree (formerly The President Park), Vits (formerly Hotel Vedant)and the Aurangabad Gymkhana

Recently Aurangabad became the third city in Maharashtra (after Pune & Nashik ) to host an auto cluster namely Marathwada Auto Cluster(MAC). Electrical goods major Siemens has set up a plant for manufacturing of superior quality bogies for locomotives, electric multiple units and metro coaches at Shendra MIDC Aurangabad.

In the first decade of the twenty-first century, Aurangabad has seen a spurt in financial activities, with almost all public sector and private banks have opened up branches including the State Bank of India, State Bank of Hyderabad, Bank of Maharashtra, Citibank India, Deutsche Bank, ICICI Bank, Bank of India, HDFC Bank, etc. Also Regional Rural Bank viz. Maharashtra Godavari Gramin Bank has its head office in Aurangabad city.

Transport:

Air: Aurangabad Airport is a domestic airport serving the city and has connecting flights to Delhi, Udaipur, Mumbai, Jaipur, Pune, Nagpur. Recently flights were made available to the people traveling to the Hajj pilgrimage.

Rail: Aurangabad (station code:AWB) is a station located on the Secunderabad-Manmad section of the Nanded division of South Central Railway zone of the Indian Railways. Aurangabad has rail connectivity with Mumbai, Delhi, Hyderabad. It is also connected to Nanded, Parli, Nagpur, Nizamabad, Nasik, Pune, Kurnool, Renigunta, Erode, Madurai, Bhopal, Gwalior. But there is still a demand for direct rail connectivity to other major cities of India. The Aurangabad Jan Shatabdi Express is the fastest train connecting it with Mumbai.

Road: Aurangabad is well connected by roads with various major cities of Maharashtra and other states. National Highway 211 from Dhule to Solapur passes through the city. Aurangabad has road connectivity to Jalna, Pune, Ahmednagar, Nagpur, Beed, Mumbai and the route is currently being upgraded into four lane road of National Highway standard. A new Nagpur–Aurangabad–Mumbai express highway is also being developed.

The Maharashtra State Road Transport Corporation (MSRTC) and numerous other private bus operators provide bus service connecting the city to all parts of the state. (MSRTC) also operates an intra-city bus service called 'Aurangabad City Bus' which connects different parts of the city together along with connecting the city to its nearby suburbs.

Aurangabad has transformed into a major education centre in the Deccan due to its rapid industrial growth and proximity to Mumbai and Pune. It has schools run by the Aurangabad Municipal Corporation and private schools owned and run by trusts and individuals.Aurangabad has many schools and colleges for higher studies.The city is transforming into major technological and management study hub with many engineering and management institutes.

Aurangabad is one of the pharmacy hubs of India with many pharmacy colleges in the city.Aurangabad has a good number of medical,law,engineering colleges.The city also offers hotel management and tourism courses.There are good number of institutes in the city which offer education in basic science, commerce and arts.Aurangabad has many polytechnic and industrial training institutes, which not only offer education in engineering technology but also specialized courses such as Food Technology, Nursing, Crafts, Animation, etc. The Institute of Aircraft Maintenance Engineering, one of the specialised institutes in avionics is in Aurangabad.

Thus, Aurangabad on the whole is a fascinating city and offers great potential for the future.