Ghodbunder Road Offers Luxury Apartments
Ghodbunder Road is one of the fastest growing areas in Thane and the Mumbai Metropolitan Region (MMR). While it is a popular locality for property investments as well as home buying due to its lower property values, there is no dearth of luxury projects in the area.
Ghodbunder Road features
Ghodbunder Road is also often called State Highway (SH) 42. The entire stretch is situated beyond the western and eastern suburbs of suburban Mumbai. It starts from beyond Dahisar in the west, from the point where the locality of Mira Bhayander ends, and extends up to Manpada in Thane West. The 20 km road connects the Eastern Express Highway (EEH) to the Western Express Highway (WEH) in Mumbai. One can reach Navi Mumbai and other areas of Thane too via this road. There are several flyovers that improve the accessibility to different areas.
The area can be easily accessed through BEST and NMMT buses that ply regularly along the route. The Mumbai International Airport is about 23.5 km away and may be accessed via EEH. The Thane railway station is about 17 km away from the area. The area has good civic and social infrastructure including educational institutions, malls, banks, commercial centres and hospitals. Suraj Water Park is a theme park on Ghodbunder Road. The stretch also cuts through the Sanjay Gandhi National Park.
Real estate
The area can be considered a high returns locality in MMR from the point of property investments due to its comparitively lower property prices as well as its appreciation potential. The capital values in the region are in the range of Rs 7,700-9,500 per sq. ft, depending on the infrastructure and proximity to different areas in Mumbai.
While the area is known for its lower property values, there is no dearth of luxury projects available here. There are several builders such as Lodha Group and Hiranandani Builders. Some of the popular projects here include Soham Tropical Lagoon, Lodha Splendora, Lodha Luxuria and Hiranandani Meadows. Amenities in luxury apartments along this stretch generally include sports area, club house, gym, children’s play area, swimming pool, internet connection and cafeteria along with other basic amenities.
There are several configurations available in the luxury segment, from 1BHK to 3BHK apartments. The approximate price of a 1BHK apartment is in the range of Rs 70-90 lakh, while that of a 2BHK is in the range of Rs 1-1.5 crore. The approximate price of a 3BHK apartment is in the range of Rs 1.5-2.75 crore. Hiranandani Builders launched about 240 new units while Lodha Group launched about 120 luxury apartments in the area in the price range of Rs 95 lakh to Rs 2.2 crore in the month of July.
Hence, if you are willing to invest in a luxury project in Ghodbunder Road, you need not be disheartened as the area offers plenty of options to suit your taste.
