Why Sould You Invest In Thane’s Ghodbunder Road?
Invest In Thane’s Ghodbunder Road : Ghodbunder Road has grown rapidly in recent years. The area has seen a surge in real estate demand due to its excellent connectivity, dense green cover, and developing infrastructure. According to navimumbaihouses.com., investment in Ghodbunder Road has resulted in a 25 percent price increase for buyers over the last five years! Ghodbunder Road, however, has much more to offer. Let us investigate!
Ghodbunder Road, also known as Maharashtra State Highway 42, runs through Thane entirely. It is a major road that connects Thane’s localities to the Eastern Express Highway (EEH), which begins in the south at Kapurbawdi. With direct access to Mumbai’s two arterial roads, the Eastern and Western Express Highways, the road skirts the northern boundary of Salsette Island, providing picturesque views of Thane Creek and Yeoor Hills. Many people have been enticed to invest in Ghodbunder Road because of its scenic surroundings, improved connectivity, abundance of housing projects, and affordability.
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A thriving housing hub
Ghodbunder Road, rated four out of five stars by former and current residents on the navimumbaihouses portal, is a popular location for residential properties of all price ranges. The stretch, however, is dominated by mid-segment projects, followed by premium and affordable housing developments. Among the prominent builders with projects in this area are Lodha Group, House of Hiranandani, and Puranik Builders Ltd. The region is a promising investment hub, with over 150 ready-to-move projects and many more in the pipeline.
There are 1 BHK, 2 BHK, and 3 BHK apartments available here. A 2 BHK residential flat costs between Rs 75 lakh and Rs 1.5 crore, while a 1 BHK residential apartment costs between Rs 40 lakh and Rs 90 lakh. A three-bedroom apartment could cost around Rs 2 crore.
Over the last five years, the Ghodbunder Road has appreciated by approximately 25%, with average home values currently hovering around Rs 13,200 per sq ft.
Aside from an impressive price increase, rentals have increased by approximately 10%. As a result, investments in Ghodbunder Road have historically benefited buyers, and the same is expected in the future.
Rentals are in high demand.
Professionals working in nearby pharmaceutical, IT, and mobile network companies drive rental demand in the region. One of the primary reasons for its popularity among investors is the high rental demand. Monthly rentals for a 2 BHK residential property in Ghodbunder Road start at Rs 15,000 and go up to Rs 40,000. At the same time, a 1 BHK residential apartment may earn around Rs 12,000 per month, while a 3 BHK residential apartment may earn around Rs 50,000-1 lakh per month.
close to employment centres
Economic analysts predict a 40% increase in employment opportunities in the area due to the emerging commercial, IT, and retail industries. It is also a well-known pharmaceutical hub, with Novartis India Limited, Lorix Pharmaceutical Inc, and Galgotias Pharmaceutical Ltd all having a presence here. The retail market in the region covers 2.2 million square feet.
| Commercial hub | Retail hub | IT hub |
| Kolshet Industrial Area, Wagle Industrial Estate, MIDC Mira Road | Lake R Mall, R City Mall, Wonder Mall | Thaneone Corporate Business IT Park, G Corp, One Hiranandani Park |
Invest In Thane’s Ghodbunder Road : Infrastructure facilities abound.
Ghodbunder Road is well-known for its access to various parts of Thane and Mumbai’s arterial roads. Its strategic location near the Mumbai-Nashik, Mumbai-Ahmedabad, and Eastern and Western Expressways adds to its allure. The Chhatrapati Shivaji Maharaj International Airport is approximately 34 kilometres away, and the Dahisar Railway Station is approximately 10 kilometres.
Furthermore, many reputable hospitals, schools, and entertainment options can be found along the stretch, increasing its liveability.
| Facility | Name |
| Renowned Hospitals | Krishna Hospital, Vedant Hospital, Horizon Prime Hospital |
| Educational Institutes | St. XavierÕs English High School, Veena College of Commerce and Science, Arya Cambridge International School |
| Places of Interest | Ghodbunder Fort, Sanghamitra Kali Bari, Woodstock Resort |
Invest In Thane’s Ghodbunder Road : Ongoing connectivity projects
With numerous developments planned, Ghodbunder Road is expected to become a major player in the real estate market. These projects, once completed, are expected to boost the area’s market standing and generate even higher returns on investment.
- Thane Metro Line 4 (Green Line) will connect Wadala to Kasarwadi (Ghodbunder Road) in Mumbai via the Eastern Express Highway and LBS Marg. Metro services along the route are expected to encourage ribbon development and raise property values along Ghodbunder Road.
- The construction of the Goregaon-Mulund Link Road, which will provide smooth vehicular movement, is expected to reduce traffic congestion in the area.
Ghodbunder Road, which cuts through the Sanjay National Gandhi Park and circles around Vasai Creek. Provides residents with close proximity to nature. Furthermore, it has a rich history, with many historical monuments such as Ghodbunder Fort, Gaimukh Gadi, Naglakot, and Firangkot. This, combined with the planned advancements in the pipeline, bodes well for the region’s real estate market. As a result, investing in Ghodbunder Road may pay off in the long run.
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