The most popular place to invest in real estate is Thane’s Ghodbunder Road, a rising global metropolis in Mumbai. The main differences that set the locality apart from other real estate markets are the neighbouring surrounding areas, its affordable lifestyle with basic amenities at Cost-oriented prices and the development of its infrastructure. Check Out the article to learn more reasons why you should invest in Ghodbunder Road.
The Rise in Real Estate markets in the last few years due to phenomenal residential developments and upcoming infrastructures makes Ghodbunder Road one of the prominent places for investment.
The neighbourhood has had a significant increase in real estate demand due to its outstanding connections, lush greenery, and expanding infrastructure.
The entire Thane district is traversed by Ghodbunder Road, popularly called Maharashtra State Highway 42.
One of the main thoroughfares linking Thane’s neighbourhoods to the Eastern Expressway, which extends from the south at Kapurbawdi.
The road hugs Salsette Island’s northern limit and has direct access to Mumbai’s two major thoroughfares, the Eastern and Western Expressways. This provides beautiful views of Thane Creek and Yeoor Hills.
All the above and more reasons attract people to invest in Ghodbunder Road real estate. Here are reasons why you should consider to invest in Ghodbunder Road.
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Growing Real Estate In Ghodbunder Road
Mumbai is currently among the most premium cities to invest in real estate or purchase a home.
Because of this, growing and less expensive regions like Thane, which have experienced tremendous growth in recent years, have a huge and great opportunity.
Due to its proximity to lush, green nature, the rapid speed of development projects, and the Government’s ambitions to improve connection with a large shot of infrastructural projects, Thane’s property prices have increased dramatically.
Thane’s Ghodbunder Road real estate sector has emerged throughout the years due to the availability of all residential properties in every budget.
Nevertheless, mid-segment developments predominate the stretch, followed by developments for high-end and moderately priced housing luring people from Mumbai to invest in Ghodbunder Road.
Nikhil Naikhare Homebazaar.com VP said,” The Ghodbunder Road real estate market has undergone a remarkable transformation over the last five years, marked by an exceptional 25% price growth. This surge reflects the burgeoning demand and attractiveness of this locality as a prime residential and investment destination.”
Several well-known builders with projects in Thane include House of Hiranandani, Lodha Group, Puranik Builders Ltd and more.
Developing Infrastructure To Invest In Ghodbunder Road
The rapid development and urbanization of the localities in Thane such as Ghodbunder Road, Majiwada, and Kolshet Road have seen notable upliftment in areas of social and civil infrastructure.
- Thane neighbourhoods have witnessed around a 40% rise in job opportunities in IT, Commercial and retail sectors.
- With Lorix Pharmaceutical Inc., Novartis India Limited, and Galgotias Pharmaceutical Ltd. present here, it is also a well-known centre for the pharmaceutical industry.
- In the area, there is a 2.2 million square foot retail market.
- All this has radically changed the section of the review of the entire area, making it the busiest place in the Mumbai MMR to buy real estate.
- As a result, Ghodbunder Road has seen a flurry of investment from renowned brokers and builders from Mumbai due to the city’s continued abundance of properties at reasonable costs.
Excellent Connectivity Options
Ghodbunder Roads’ accessibility to numerous Thane neighbourhoods and Mumbai’s major routes, locale enjoys great accessibility.
Its strategic construction next to the Eastern & Western Express Highways, the Mumbai-Nashik, and the Mumbai-Ahmedabad Express Highways adds to its allure.
The distance between the area and Dahisar Railway Station is around 10 km and 34 km, respectively, from Chhatrapati Shivaji Maharaj International Airport.
Upcoming Developments
- The proposed metro line 4 route of Thane is run across Ghodbunder Road. This will reduce travel time between Thane suburbs and Wadala.
- Bhiwandi Bypass Highway and Diva- Thane Roadways are in progress.
- Metro Line 5 Project from Kalyan to Mira Bhayander will provide good connectivity.
- Mankoli Dombivali Bridge Development project.
Affordable Properties In Ghodbunder Road
One of the main reasons to invest in Ghodbunder Road is flats in Ghodbunder Road are available at an affordable range.
In the last five years, the real estate demand in Thane’s Ghodbunder Road has increased. 40% growth in the employment sector is a reason behind it.
Thane has approximately 18% housing property supply of the entire Mumbai.
Ghodbunder Road offers 1, 2, and 3 BHK inventories. 2 BHK apartments in Ghodbunder Road are more in demand in this locality.
The area has seen a 4.3% appreciation in the last 1 year. The average property rate in Ghodbunder road is 12,800 per sq ft.
|
Property Rates In Ghodbunder Road |
||
|
1 BHK |
2 BHK |
3 BHK |
| Rs 40-80L | Rs 65L- 1.4 CR |
Rs 1.5-2.5 CR |
Prospective Rental Market
Professionals working nearby in the pharmaceutical, information technology, and mobile network industries are what drive the rental need in the area.
One of the key factors contributing to its appeal among investors to invest in Ghodbunder Raod is the high rental demand.
In Ghodbunder Road, where there is the largest supply, the average rent for a 2 BHK residence ranges from Rs 15,000 to Rs 40,000.
The average rental yield of Ghodbunder Road is 15%.
Is Ghodbunder Road Good For Real Estate Investment?
Thane’s locality is no longer far from Mumbai. For both investors and users, Thane, and particularly Ghodbunder Road, tops the list since it promotes extensive roads & highways to offer smooth and simple connections.
Purchasing the ideal home in the ideal location at an affordable price is undoubtedly the key to successful real estate investing.
Considering these criteria for purchasing a home, investing in Ghodbunder Road in Thane is the best place because it has had substantial growth in terms of both infrastructure improvements and good returns on investment.
The anticipated increase in employment possibilities would undoubtedly result in a significant rise in housing demand, which would then generate more capital growth and boost real estate & housing investment in Thane.
FAQs
| Is Ghodbunder Road a good place to live?
The Ghodbunder Road in Thane is one of the prime residential destinations offering excellent connectivity, social amenities and affordable living. |
| Is Ghodbunder Road good for investment?
Ghodbunder Road Thane is the best real estate market to invest in since it has had substantial growth in terms of both infrastructural developments and ROI for investors with a 15 % rental yield. |
| Which is the best area to invest in Thane?
Thane is emerging as the best residential hub in Mumbai MMR, Ghodbunder Road, Manpada, Kolshet Road, Majiwada, and Shilphata are the best areas to invest in Thane. |
| Will property prices increase in Thane?
Property prices in Thane have increased by 6 % in the last 1 Year. |
