Ghodbunder Road: A preferred Spot!

Ghodbunder Road: A preferred Spot!

Looking over the past decade, Thane has grown from a small suburban town on the outskirts of Mumbai to a self-sustaining metropolis. Thane has now become a city with slouching flyovers, uninterrupted highways and wide roads. The Thane suburb now has integrated townships and high-rise towers, and its commercial real estate sector has progressed in tandem.

With a hike in property price seen in all locations in and around Thane between 2010 and 2012, the rates of rental apartments have gone up by 20-25% according to the property consultants here. However, the interesting fact is that there are few takers for apartments within the main city despite its proximity to the railway station, bus stand etc. Instead, many people are moving into apartments on rent on the outskirts of the Ghodbunder road. Nowadays, people’s perspective of buying Home’s have been changed. They prefer a complex with good security and recreation facilities for kids by not minding the distance from the main city.

Ghodbunder Road in Thane now has held its own preferred residential destination for price-sensitive home seekers, due to the relatively lower rates when viewed against core Thane city. Today, Ghodbunder Road is seeing rapid appreciation.

Why to choose Property in Ghodbunder Road?

New inventories - This location has a lot of fresh inventory, driven by several infrastructure initiatives and good connectivity in the pipeline.   

Metro to be arrived - The development authorities have planned a monorail network t serve as a feeder system to a Metro project planned in Thane. The MMRDA has finalized a Metro corridor, extending from Wadala to Kasarvadavali on Ghodbunder Road.

Quick Accessibility – The Ghodbunder road provides quick accessibility to Mira Road from Thane, and to other micro-markets such as Mulund, Bhandup and Ghatkopar. Ghodbunder Road is approximately 20 km long and links the two main arterial roads of Mumbai, the Eastern Express Highway, starts at Sion and terminates at Thane, while the Western Express Highway, starts at Bandra (East), becomes the National Highway leading to Gujarat. 

Futuristic Nature - Due to the rapid development, the area has attracted many reputed developers, leading to a surge in launch of many affordable and premium housing projects. Ghodbunder Road is interesting to developers primarily due to the easy availability of large land parcels. From affordable apartments to premium properties, the area offers a wide assortment of housing options.

Access to Facilities - Rental apartments in this area is possible because the residential complexes here offer several amenities. Most of the families basically look for roads, parking space, gardens for children, security, and pipe-gas connection among others. Another reason is that the space crunch this side is lesser compared to the main city area. Also, the tenants look for proximity to markets, schools, malls, hospitals.

Reasonable Apartments - Newly launched multi-storey apartments vary between Rs 40 lakh to Rs 2.5 crores. Some of the reputed developers present on this stretch are Squarefeet Group, Runwal Group, Puraniks Builder, Harmony Lifestyles Group, Vijay Group, Rosa Group and DS Group. The average property prices of this region range between Rs 8,000 and Rs 10,000 per sq ft, and annual appreciation has been to the tune of 7-10 per cent, depending on the specifications of the project and amenities offered.

Commercial Development – There’s a lot of commercial development seen in Ghodbunder Road. Apart from the coming MGM IT Park, new corporate offices and other commercial establishments such as retail outlets, malls, showrooms and banks are mushrooming all over. The Kapurbawdi Flyover has become operational and considerably reduced traffic congestion in this region.  The proposed monorail, which will connect Thane to the Western suburbs in its next phase, is the major draw.

Hidden attractions near Ghodbunder Road

Some of the Hidden attractions of Ghodbunder Road

• Bastion on the Fort
• Versova Bridge
• Old and New ruins on the Fort
• Church at Gai Mukh named as ‘OUR LADY OF HOPE’
• Suraj Water Park

Property types in Ghodbunder Road with their current status:

Different types of property –

• Apartments (3578)
• Builder Floors (44)
• Layouts and Plots (7)
• Villas (5)
• Penthouse (1)
• Others (28)

To invest in Property in Ghodbunder Road, Talk to us at Squarefeet Group today!

We offer Affordable Flats / Home in Thane with wide options to choose from.

Sources – business standards/ times of India /