Once a secluded forest area, Ghodbunder Road in Thane, the area has now transformed into a crucial connector between Mumbai’s Eastern and Western Express Highways, spanning 20 kilometers. Today, new property in Thane is quite a sought-after destination. Whether it is residential or commercial property development, it caters to buyers from different budget segments. As a result, many real estate developers have started investing in this region to cater to the growing demand for affordable housing. The area is witnessing a surge in the number of integrated townships that offer a range of amenities such as swimming pools, gyms, gardens, parks, and security features. These integrated townships are designed to provide a modern lifestyle to residents while maintaining affordability. This, among other perks, make Ghodbunder a much sought-after investment option. Let us have a look at what the area has to offer:
Immense Growth
Between 2012 and 2017, Ghodbunder Road, Kolshet Road, and the Majiwada area have emerged as highly desirable locations for residential properties, accounting for 74% of the total supply added to the Thane real estate market.
Also, according to data collected by RERA in 2017, Ghodbunder Road alone accounts for 32% of the new residential units constructed in Thane, establishing it as a rapidly emerging hot spot for real estate. So, investing in new property in Thane can have enormous potential for future growth.
Notably, almost 70% of the new launches in this region were priced between INR 60 lakh to INR 1.2 crore, considered to be in the mid-segment price range, making it the ideal “sweet spot” for middle-class homebuyers in the Mumbai Metropolitan Region (MMR).
Experts in the real estate industry also believe that property buyers in the MMR have witnessed a staggering growth rate of 300% over the past five years, which is a testament to the region’s overall potential and investment opportunities.
Upcoming Infrastructural Facilities
The proposed metro rail project is expected to significantly enhance transportation facilities in Thane, with over 10 halts planned along the Ghodbunder Road route within Thane itself. This will significantly reduce the travel time between Thane and Wadala.
Apart from the metro rail project, several other significant infrastructure developments are planned or underway in the region, including the construction of the Thane-Diva Road, the Bhiwandi Bypass Flyover, and the Metro Project linking Kalyan and Mira-Bhayander areas.
Additionally, parallel roads are being constructed along the metro line from Thane to Kalyan, providing alternate routes and further improving connectivity in the area.
Better Way of Living
Ghodbunder Road boasts picturesque views of the Yeoor Hills and the Thane Creek and passes through dense forests that are a part of the Sanjay Gandhi National Park, with some portions of the road offering views of the Vasai Creek. Despite development encroaching on the forests, the region is still home to diverse flora and fauna, which continue to thrive.
Over the years, Ghodbunder Road has undergone significant transformations, with a wide range of luxury and affordable housing options now available. Today’s generation demands an enhanced lifestyle, including access to various amenities like sports facilities, shopping malls with popular brands, and more. To provide these facilities, builders require large land parcels, which are primarily available in the outskirts of Mumbai, such as Thane.
Conclusion
There are several compelling reasons to consider investing in new property in Thane. With an excellent location and excellent connectivity to Mumbai and other critical areas in the Mumbai Metropolitan Region, Ghodbunder Road is emerging as a popular destination for real estate investment. Overall, with its promising potential for future growth and development, Ghodbunder Road is undoubtedly a wise investment choice for those looking to buy property in the Mumbai Metropolitan Region.
