Ghodbunder Road in Thane has seen quick growth over the past few years. With outstanding connectivity, and developing infrastructure, the area has witnessed a massive realty demand. Investment in Ghodbunder Road has helped buyers clock a substantial 25 percent price growth in the last five years! But that’s not all Ghodbunder Road has a lot more to give.
Ghodbunder Road, also called Maharashtra State Highway 42, runs entirely through the district of Thane. It is one of the main roads connecting Thane's areas to the Eastern Express Highway (EEH) extending from the south at Kapurbawdi. With a direct link to the two major roads in Mumbai, Eastern, and Western Express Highways, the road skirts the boundary of Salsette Island in the north, giving picturesque views of Thane Creek and Yeoor Hills. These beautiful settings, enhanced connectivity, a plethora of housing projects, and affordability have lured many people to invest in Ghodbunder Road.
A bustling housing hub
Ghodbunder Road commonly has residential properties across all budgets. However, mid-segment projects direct the stretch followed by premium and reasonable housing developments. A few projecting builders having projects in thane here include Lodha Group, House of Hiranandani, and Puranik Builders Ltd, among others. With over 150 ready-to-move projects and many underways, the region is an auspicious investment hub.
The inventory here contains 1 BHK, 2 BHK, and 3 BHK apartments. The price of a 2 BHK residential flat drifts around Rs 75 lakh-1.5 crore, and the cost of a 1 BHK residential apartment starts from Rs 50 lakh and goes up to Rs 90 lakh. A 3 BHK flat may cost somewhere around Rs 2 crore.
Over the last five years, the Ghodbunder Road has viewed an appreciation of around 25 percent, with average home values presently standing at around Rs 13,200 per sq ft.
Apart from a remarkable price appreciation, the rentals have also amplified by approximately 10 percent. Consequently, investments in Ghodbunder Road have considerably helped buyers in the past, and the same is expected in the future.
High rental demand
The rental demand in the region is determined by professionals working in pharmaceuticals, IT, and mobile network companies adjoining. The high rental demand is one of the key reasons behind its admiration among investors. Monthly rentals for a 2 BHK residential property, the greatest supplied, begin from Rs 15,000 and go up to Rs 40,000 in Ghodbunder Road. At the same time, a 1 BHK may harvest a monthly rental of around Rs 12,000, and a 3 BHK residential apartment may earn around Rs 50,000-1 lakh per month.
Close to employment hubs
Economic specialists have optional a 40 percent increase in employment opportunities near the area on the account of the emerging commercial, IT, and retail industries. It is also a popular pharmacological hub with Novartis India Limited, Lorix Pharmaceutical Inc, and Galgotias Pharmaceutical Ltd having a presence here. The retail market in the region feasts across 2.2 million sq ft.
Replete with infrastructure facilities
Ghodbunder Road is common for its connectivity to various parts of Thane and arterial roads of Mumbai. Its planned development near the Mumbai-Nashik, Mumbai-Ahmedabad, and Eastern and Western Express Highways add to its request. Chhatrapati Shivaji Maharaj International Airport is about 34 km distance from the locality, and the Dahisar Railway Station is around 10 km.
Further, many presumed hospitals, schools, and entertainment choices are also present along the stretch, attractive its liveability.
Conclusion:
Ghodbunder Road is predictable to become a leading player in the real estate market with plenty of developments in the pipeline. In conclusion, these projects are expected to improve the area's market standing and generate even higher returns on investment.
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