Pokhran Road: A Good Investment Destination in Thane
Pokhran Road in Thane is strategically located along the Eastern Express Highway and Ghodbunder Road. It is a fast developing area and is seeing good price appreciation due to several new project launches.
Geography and connectivity
Pokhran road is divided into Pokhran Road 1 and 2. Pokhran road 1 starts from the left of Cadbury Junction signal and Pokhran Road 2 starts from Majiwada. Due to its proximity to Eastern Express Highway, it is well connected to the eastern suburbs and South Mumbai. Through the Ghodbunder Road, it is connected to other parts of Mumbai and Maharashtra. There are several buses and rickshaws that travel between Pokhran Road and other suburbs. BEST buses provide services between Mumbai and Thane.
One can reach business areas such as SEEPZ and Powai SEZ through the Eastern Express Highway and other important arterial roads in Mumbai such as JVLR. Pokhran Road is also near to Dombivali and Ambarnath which are important business areas in Thane.
Amenities
Pokhran Road has basic amenities and is undergoing fast development in terms of infrastructure. Pokhran Road 2 has better infrastructure than Pokhran Road 1. It is also greener than the latter area. Naturally, this has attracted more customers. Due to better infrastructure, the property values are also higher than Pokhran Road 1. One can look at buying a property here from the point of long-term investment.
Real estate and trends
The area has seen a good number of property launches from builders such as Hubtown Group, Dosti Group and Kalpataru. Most new project launches in Thane are either on Ghodbunder Road and Pokhran Road. The area has good demand for 1 and 2 BHK apartments. The size of a 1 BHK apartment is usually between 580 – 650 sq.ft and the size of a 2 BHK apartment is between 750 – 1,050 sq.ft.
A 1 BHK property would cost between Rs. 65 – 80 lakhs and a 2 BHK property would cost about Rs. 90 lakhs – 1 crore on Pokhran Road 1, while a 1 BHK would cost about Rs. 75 lakhs and a 2 BHK would cost about Rs. 1.3 crore.
Property prices have appreciated by 34% in the last two years and by 20% in the last year. The current property price is an average of Rs. 10,980 per sq.ft in Pokhran Road 1 and Rs. 11,200 per sq.ft in Pokhran Road 2. For people who want to see good returns in the next 4-5 years, Pokhran Road is a good investment destination.
