Emerging areas like Thane have witnessed a phenomenal growth with the government’s focus on infrastructural development. This has helped set the city for a tremendous growth not only horizontally but vertically as well.
Mumbai today is one of the most costliest places for buying a home or investing in one. The surreal property prices have given birth to various avenues in the city and Thane is one of them.
Thane’s realty markets has grown significantly in the last decade. Ghodbunder Road in Thane in the yesteryears did not have adequate infrastructural development and conveniences were scantily available. Today Ghodbunder Road tops the chart for end users as well as investors. Today the locality boasts of widespread roads and highways providing seamless connectivity.
Investing in any property is about investing in the right property at the right location for the correct price. Keeping these parameters in mind investing in Ghodbunder Road Thane formsan ideal real estate market as it has shown a significant growth not only in infrastructural developments but also in terms of ROI for investors.
The residential, commercial and the retail sector has seen a good appreciation in terms of principal appreciation as well as rental income. Today Thane tops the chart for home buyers and investors in the affordable as well as luxurious segment. Investments made in 2009-2010 have now doubled in terms of the value. Initially looked upon as second home option this locality today is principally determined by end users and the investors as well.
Various eminent developers have been instrumental in shaping the landscapes of Thane city and have created iconic landmarks in par with global standards.
End users as well as the investor are always on the hunt for a location according to their requirements which includes Schools, colleges, hospitals, Banks etc. which are the important aspects that form a part of the daily routinefor human beings.
Location that meets all these requirements along with the properties at reasonable rates with different property brackets are always attractive and lucrative and are picked up first by the home buyers or the investors.
Following are the Accessibilities provided by Ghodbunder Road, which comforts the residents with both time and distance.
The lifestyle lead today keep us always on the go with time frames divided for all our daily routines. Since we are looking at the birth of more and more nuclear families with both husband and wife working, choosing a location which has good access to schools becomes extremely necessary. Ghodbunder Road offers plethora of schools in its locality and at a short distance which include Trimurti English School and Junior College, Dnyan-Ganga Education trusts, Hiranandani Foundation School, VeermataHeerabenPopatlalSha College of Pharmacy at kasarvadavali, D.G international School (ICSE), Shubhamraje Junior College, Kidzee School, St. Xaviers High School and Junior College, Sri MaaVidyalaya and many more.
Banks and ATM’s
Saraswat Bank, Induslnd bank, ICICI bank, Syndicate Bank ATM, Andhra Bank and ATM, Dena bank ATM, Kotak Mahindra Bank ATM, etc are the Banks and ATM’s peppered on State highway 42 aka Ghodbunder Road
Hospitals are one important type of accessibility that people may need at any time i.e. day, night, evening and afternoon. And thus anyone would want a fast access at the time of need. So it is quintessential that the properties shortlisted by the end usershould have a close proximity to hospitals.
This locality has many such hospitals that are easy to access. This includes Jupiter Hospital, Hiranandani Hospital, DhanwantriMultispeciality Hospital, Shree RamkrishnaNetralaya Hospital- eye care specialist center, Orthonava Hospitals and Jijai Women’s Hospitals.
Apart from the above factors the end users and investors are looking for that particular property in a locality that has a great transit system for easy commute. Transit System of GB Road is flawlessly connected to several locations of Thane and other cities like Nasik, Surat and many more.
This road is stretched for 20 km long in Thane District and is facilitated by bus, taxi and auto-rickshaw services via which the commuters can easily commute to railway station and other junctions. Ghodbunder Road provides great connectivity to the tow major arterial roads of Mumbai i.e. Eastern Express Highway and Western Express Highway. Major business hubs like Powai is about 25 mins whereas BKC is about 35 mins from this locality. International Airport ad Domestic Airports are 45 mins 55 mins respectively.
BEST (Mumbai City Bus), TMT (Thane Municipal transport) etc. are the bus services available in the area. AC and Non-AC taxis are also available according to the preference of travelers and runs to stations like Borivali, Thane, Dadar and Bandra and also to Mumbai airport.
Metro rail project Phase 3 that will run from Kasarvadavali to Wadala will have 10 internal stops in Thane and will reduce the travel time to Wadala to almost half. An elevated flyover of a stretch 4.4 km is proposed to enhance the transit system of the locality. These projects will help in decongesting the roads and Thane railway station that are highly crowded. The already existing flyovers at Kapurbawdi, Waghbil and the others have immensely contributed to the development of the real estate landscape.
Ghodbunder Road is an amalgamation of affordable as well as luxury flats that suit variety of investors based on their income strategies. Here are some residential properties by prominent developers in Thane city:
TWIN TOWER developed by JVM spaces offers 1 and 2 BHK spacious flats with price rate starting from INR 57 Lakhs all incl. for 1 BHK and 74 lakhs incl. for 2 BHK. Twin Tower is adjacent to Parshavanath College of engineering and is behind New Horizon School. It is at around 10 to 12 minutes driving distance from Thane railway station.
Sky Suites by Harmony Lifestyle Group provides a residential property that comprises of 3 BHK spacious and luxury flats for salein Thanewith price starting from INR 1.50Cr. The residency is in great harmony with nature. Sky suites is 15 minutes from railway station, Jupiter hospital is at 15 minutes from the project, Hiranandani School is at 8 minutes and the property is also linked to Eastern Express Highway and Western Express Highway.
Vijay Oriondeveloped by Vijay Group is located at Vijay Vilas road, off Ghodbunder Road, and offers 3 BHK and 4 BHK luxury flats in Thane with starting rate of INR 2.49Cr for 3 BHK and INR 3.67 Cr for 4 BHK. Vijay Orion has top notch amenities and good connectivity to schools, malls etc. for instance it is Lilliput Fun School is at 3 minutes and Mega Mall is at 2 minutes from Vijay Orion.
Cosmos jewels by Cosmos group comprises of 1, 2 and 3 BHK luxury flats in Thaneand the price rate for 1 BHK starts at INR 66.24 Lakhs, INR 1.1 Cr for 2 BHK flats and INR 1.56 Cr for 3 BHK flats. It also has good connectivity and has close proximity to many social infrastructures.
Kalpataru Hillsis a multi storey project with skyline Towers developed by Kalpataru Group. This residential property provides affordable 1, 2 and 3 BHK flats in Thane west with price rate starting from INR 74 Lakhs. Along with offering a magnificent view of Yeoor Hill it is at proximity to VasantVihar School, Jupiter and Lok Hospital etc.
Hyde Parkby Kabra Developers offer Stylish 2 BHK and 3 BHK affordable flats in Thane west. Hyde Park has smooth connectivity to railways and roadways and also to schools and health care centers. St. Xavier’s High School is at 3 minutes, Prachi Hospital is at 7 minutes, Hiranandani Hospital is at 3 minutes and Universal High School is at 8 minutes from the project.
Neelkanth Woodslocated at Manpada is a residential property by T Bhimjyani Realty and provides 2.5 BHK and 3 BHK flats for sale in Thanewith price rate starting from INR 1.85Cr and INR 2.07Cr respectively and has close proximity to Cosmos Bank, Federal Bank, Hiranandani Hospital, St. Xavier’s High school etc.
Along with all these means and provisions the locality has many other facilities for entertaining the residents. It has many tourist spots and entertainment malls such as Viviana Mall, R-mall, Wonder Mall which includes Cinemax, a movie Theatre, Shopping centers like Big Bazaar, D-Mart etc.
Visiting Spots include Yeoor Hill and thane creek which have a picturesque view; the road passes through China creek, a place for film shootings and trekking. Ghodbunder Fort an ancient monument of the Ghodbunder is a tourist place with historical importance. The road is curled around dense forests which add to its beauty during monsoon.
Whether you are an end user or a home buyer it is very important for you to analyze the location and your financial aspects before you proceed towards your decision. Today the real estate sector provides galore options for an end user as well as an investor. ROI, Location and connectivity are the 3 most important parameters that will help you determine your property decision.
Investing in any property, always leads to a good profit regardless of whether you dwell in or use it for renting. Ghodbunder Road Today offers galore options in the affordable and luxurious housing segment. Procuring a home or investing in Ghodbunder Road today will be a good choice as it serves as an ideal choice in all the parameters.
The development of Metro Phase 3 will lead to a price hike once the Metro is operational. This can be inferred back to already existing Metro route between Ghatkopar to Andheri. With travel time nearly about 21 mins, the metro not only pushed the property prices but paved way for areas like Marol and Saki Naka as residential spots as compared to their image of being an industrial zone. Today the properties or rather areas benefitting from the Metro command a premium due to unparalleled connectivity offered by the Metro. A similar trend is ready to be witnessed in Thane especially Ghodbunder Road.
The availability of large land parcel in Thane and adjoining areas will lead to increase in the emergence of many companies in the IT, banking and other sectors. Since the office spaces and retail structures will be available at better rates this will lead to employment and in turn lead to rise in the real estate demand in the Thane.
Thane Municipal Corporation’s vigorous efforts by upgrading roads and infrastructure have attract investors in the locality. Flats in Thane Ghodbunder Road are in harmony with nature with enchanting views of Thane creek, Parsik Hills and Yeoor hills. Eminent developers have changed the locality from just land parcels and open spaces to properties that are landmarks in their own self. Investing in Ghodbunder Road is the ideal location as it serves as the perfect location with a great future scope and higher return on investment

Author's Bio: 

Top real estate firm in Mumbai and Pan India.