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 with various other budget properties including residential properties, as its commercial real estate sector has progressed in tandem with new upcoming projects coming in places like Ghodbunder Road.
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.
With a hike in residential and other property prices 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 by taking properties on rent on the outskirts of the Ghodbunder road. Nowadays, people’s perspective of buying budget properties have been changed. They prefer a complex with good security and recreation facilities for kids by not minding the distance from the main city within their budget which now they easily find in properties of Ghodbunder Road like Ace Square, Joy Square and Imperial Square.
Ghodbunder Road in Thane now has held its own preferred property residential destination for price-sensitive home seekers, due to the relatively lower rates when viewed against core Thane city.
Why to choose Ghodbunder Road?
New inventories
Ghodbunder Road has a lot of fresh inventory, driven by several infrastructure initiatives and good connectivity in the pipeline. The new Inventories that Goverment is working upon is 11-km tunnel to connect northern suburb of Borivali and Thane. The proposed tunnel would cut down travelling time between Thane and Borivali by almost an hour. The proposed tunnel will deviate from Ghodbunder Road to Tikujiniwadi and cover 11km beneath the ground through Sanjay Gandhi National Park and Yeoor Hills.
Metro to be arrived
The development authorities in Ghodbunder Road have planned a monorail network which will not only serve as a feeder system to a Metro project planned but also hike up the property value in Thane. The MMRDA has finalized a Metro corridor, extending from Wadala to Kasarvadavali on Ghodbunder Road which also makes it as a preferred residential property spot.
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 especially in real estate sector, the area has attracted many reputed developers, leading to a surge in launch of many affordable and premium housing projects which is directly the reason of the emerging upcoming projects of Ghodbunder Road. The area is interesting to developers primarily due to the easy availability of large land parcels. From the budget property flats to premium properties, the area offers a wide assortment of housing options.
Access to Facilities
Affordable apartments in this area is possible because the residential properties 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 property developers in Ghodbunder Road 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 of Thane. Apart from the coming MGM IT Park, in real estate sector, new corporate offices with residential properties 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
Squarefeet Group also lists down some of the Hidden attractions of Ghodbunder Road of Thane.
- 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
We here at Squarefeet Group has also found different property types with their current status at Ghodbunder Road of Thane.
We here at Squarefeet Group has also found different property types with their current status at Ghodbunder Road of Thane.
Talk to us today on 022-66543333 or drop email at sales@squarefeetgroup.in
Check out Properties in Thane and Beyond by Squarefeet Group
You may also contact us at - +91-22-25452903, 66543333 or
Email us at - sales@squarefeetgroup.in
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