Friday 19 August 2016

State plans 4-km coastal road to ease Thane-Bhayander connectivity


Work Likely To Start By March Next Year After Feasibility Report
The state government is planning to construct a 4km-long coastal road connecting Thane and Bhayander.
The Mumbai Metropolitan Region Development Authority (MMRDA) is working on conducting a feasibility report following which the work is likely to start by March 2017.
According to initial plans, a six-lane road along Thane creek is likely to be proposed connecting the Ghodbunder entrance at Kashimira and Jesal park at Bhayander east. The near 4km-long road will run perpendicular to the existing highway and is proposed to bypass the interstate traffic. There is an existing road at both ends which will be connected by an elevated stretch of nearly 2km over the mangrove belt. The decision was taken at a MMRDA meeting held recently .
There has been a considerable increase in the volume of traffic between the two adjoining cities of late. Commuters are forced to spend a gruelling two to three hours at the stretch to cover the 12km-long distance.
The perennial traffic movement along the national highways that is presently the only fastest and shortest way to connect both these cities, is often plagued with interstate freight and tourist traf fic slowing down the intercity passenger flow. “Small passenger cars or city buses often get trapped in traffic snarls on the Ahmedabad highway or Ghodbunder Road. An alternate road is required for faster disposal of passengers between the two cities,“ said a traffic official.
The road will considerably cut down travel time between the cities, said an officer as a few other initiatives like Kolshet bypass and the elevated corridor between Fountain Hotel and Gaimukh will also lead to faster movement of intercity traffic.
“There is an increase in vehicular traffic between these cities and an alternative has to be found.We have surveyed the area and are hoping the road would materialise soon,“ said local MLA Pratap Sarnaik.
“The road has been approved and the chief minister has allocated Rs 80 crore for the same. We will study the feasibility and come up with a revised budget for the same following which tenders will be called by the year end,“ said a MMRDA official.
Meanwhile, the planning agency has decided to rope in a consultant to study the feasibility of having a seamless elevated road running over Wadavli, Anand Nagar and Ovala junctions on Ghodbunder Road. There was a plan to construct three flyovers at these junctions but the planning agency is mulling having a continued bridge to segregate outbound and city traffic.
“We are in the process of studying the feasibility of the elevated road at the stretch. We will prepare a project report and the same should be ready within three months,“ said a MMRDA official.


Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in

Saturday 13 August 2016

Thane's Real Estate Sector is Expected to Swing


Why invest in Thane? Read on...
Driven by infrastructure, Thane's real estate sector is expected to swing into action. The building blocks - enhanced connectivity and city development initiatives, are key to the generation of buyer demand - although, you cannot dismiss the probability of its inclusion within the municipal corporation limits and residential affordability as also impertinent. We have summed up Thane's positives in the first quarter of the year 2016.

CONNECTIVITY

The Panvel- Bhimashankar- Chakan Highway connecting Mumbai to Karjat; Neral-Badlapur Highway connecting Karjal to Khopoli or Pune; Majiwada Junction Flyover giving smooth connectivity to commuters to Mumbai, Nashik and other areas are some drivers. Thane's Ghodbunder Road catering to both commercial and residential development and ensuring connectivity to Eastern and Western Express Highways in Mumbal has also been a determinant.

INFRASTRUCTURE

The city's development drive includes upping its social infrastructure; upgrading water treatment plants; supply of potable water and underground drainage network. All these factors resultantly lead to impacting the real estate sector positively.

OTHER FACTORS

Other influencing aspects of Thane such as home Loan affordabdity; availability of modern and good quality budding projects; Well -designed and efficiently planned spaces in the offering cumulatively compel everyone tu expect a growth- oriented 2016.
Property prices in Thane are slowly on the rise than its near peers but going formard due te rapid development, prices, may rise. A growing interest from the local workforce and investors in properties here might also push prices. The affordable housing segment of Thane can expect a facelift this year. Two developers' associations have signed a MoU to build 5.69 lakh affordable dwelling units across MMR. Despite the six percent increase in the ready reckoner rate, Thane's real estate experts are of the opinion that infrastructure will be a driving factor of the city's realty.


Squarefeet Group


Satyam Building, 2nd Floor, M G Road,
Opposite Navpada Telephone Exchange, Above Punjab National Bank,
Naupada
Thane West - 400601
MaharashtraIndia
+(91)-22-25452903, 66543333
info@squarefeetgroup.in