Nashik also known as 'Nashik' is the third largest Municipal Corporation in Maharashtra, with approximately 25 percent area under residential zone. The credit plan of this city for the year 2006 amounts to an astounding Rs.2120.79 crores, the second largest in the country, with a growth of 29 percent than previous year and is considered as a Tier III city in West India by top property consultants firms. Competent rental property tax structure and minimal in whole Maharashtra, with twice the self assessment property tax amount for residential premises and thrice for commercial premises. Nasik also boasts a SEZ in Sinnar which is unique in supporting mulitiple products and it also comes as one of the cities under the (JNNURM) Jawaharlal Nehru National Urban Renewal Mission.