Kolshet Road is a well-known residential area in Thane that is renowned for its strong connection, reliable infrastructure, and close proximity to job areas. The area has attracted investments over the past three years as a result of the enormous increase in property values.

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The Kolshet Industrial Area, Kuber Business Park, and Ace Business Centre are located on Kolshet Road, a well-known section of Thane West. It is also a well-known housing hub with a variety of houses available to tenants and buyers. There are many mid-segment and upscale residential properties available in the communities along the route, including Dhokali, Wing, Kolshet, and Kiran Mill Colony. The main drivers of real estate investment in Kolshet Road may be the excellent road system and the wealth of amenities available to the locals.

Market for residential real estate

Apartments with 1 or 2 bedrooms are widely available along Kolshet Road in terms of residential real estate. The average price of a home along Kolshet Road is roughly Rs 13,500 per square foot. A number of well-known city-based developers, including Lodha Group, Kalpataru Limited, & Kapleshwara Builders, have projects here that provide a mix of properties that are ready to move into and those that are still being built.

Despite the COVID pandemic, Kolshet Road has had an almost 20% increase in property prices over the previous five years, with a 15% appraisal seen over the prior three years. Nearly 3% is the average rental yield produced year over year. Kolshet Road houses rent for an average of Rs 19,000–30,000 a month.

Opportunities for Commercial

Office premises that are vacant and ready to move into are part of the commercial inventory along Kolshet Road. In Kolshet Road, a ready-to-move office costs approximately Rs 20,000 per square foot, while bare shell space is typically available for Rs 12,000 per square foot.  Lodha Codename Great Gains, The Lodha Supremus, Lodha Codename Only the Best, & Lodha Codename Crown Jewel are a few commercial alternatives for investing along the stretch. The vicinity of business parks and the Kolshet Industrial Area contributes to the region’s commercial importance.

Reliable social infrastructure

The Eastern Express Highway, NH-48, and NH-848 are all easily accessible from Kolshet Road, which also offers strong connectivity to Mumbai, Navi Mumbai, Bhiwandi, and Pune. It is around six kilometres from Thane Railway Station and about 25 kilometres from Chhatrapati Shivaji Maharaj International Airport. Several recreational parks, such Thane Grand Central Park, Everest World Park, and Highland Park, are scattered around the stretch. There are also plenty of reputable hospitals and schools.

Kolshet Road in Thane has social amenities.

Upcoming developments

End-users and investors are anticipated to pay more attention to a number of forthcoming initiatives along Kolshet Road. The area’s intra- and inter-city connectivity would be enhanced by the currently under construction Mumbai-Thane Metro Line’s four kilometre connection to Manpada and the proposed metrolite with a station at Kolshet Industrial Area. The proposed Thane-Borivali tunnel would also connect at Manpada, guaranteeing a straight travel between the two locations. Within a four-kilometer radius of Kolshet Road, the Saket-Balkum Waterfront. Which is now under construction, is expect to enhance the area’s appeal and boost foot traffic.

Kolshet Road can be regard as a significant housing centre in Thane West based on price appreciation tendencies and rising real estate demand in the area. For the most recent information and on-the-ground reality, however, do consult local real estate professionals and residents.

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