Why Invest in Ghodbunder Road, Thane?
Mumbai today is one of the most costliest places for buying a home or investing in one. This has created a great opportunity for lesser priced emerging areas like Thane, which have witnessed a phenomenal growth in the past few years. Property prices in Thane have seen a hike, mainly due to its proximity to nature and fast pace of development coupled with Government’s proposed plans to enhance connectivity with a slew of infrastructure projects.
Thane also enjoys superb connectivity to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. Besides, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai’s railway network.
Furthermore future connectivity plans include the proposed metro rail that would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half. Other infrastructural developments on the cards include construction of the Thane-Diva Road, the flyover at Bhiwandi bypass, metro-3 project to Kalyan and Mira – Bhayander areas and parallel roads from Thane to Kalyan along the metro line.
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. Besides the already existing flyovers at Kapurbawdi, Waghbil and the others have already immensely contributed to the development of the real estate landscape.
Today Thane, especially Ghodbunder Road tops the chart for end users as well as investors as it 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 is most ideal real estate market as it has shown a significant growth not only in infrastructural developments but also in terms of ROI for investors.
Real estate experts believe that property buyers here have enjoyed a 300% growth in the last five years! Economic advisors and analysts suggest an estimated 40% increase of employment opportunities in the Mumbai Metropolitan Region (MMR), including Thane. Such a predicted hike in jobs would entail a major increase in the demand for housing and subsequently could generate further capital appreciation for real estate investments in Thane.
Consequently the residential, commercial and the retail sector here has seen a good appreciation in terms of principal appreciation as well as rental income. Thus today Thane tops the chart for home buyers and investors in the affordable as well as luxurious segment which has resulted in various eminent developers shaping its landscape by creating iconic landmarks in par with global standards.