Thane: Diva and Ghodbunder Road See Maximum Supply in September
There are several areas in Thane that are witnessing a good number of project launches. Ghodbunder Road in specific is one such area which witnesses a good number of apartment launches every year. According to data obtained by CommonFloor, Ghodbunder Road and Diva in Thane witnessed the maximum apartment launches in the month of September.
Ghodbunder Road profile
Ghodbunder Road is sometimes also called State Highway (SH) 42. The entire stretch is just beyond Mumbai suburbs. It starts from beyond Dahisar and Mira Bhayander in western Mumbai and extends up to Manpada in Thane West. The 20 km stretch connects the Western Express Highway (WEH) to the Eastern Express Highway (EEH) in Mumbai. The road also connects Navi Mumbai to Thane and suburban Mumbai. There are several flyovers on this stretch that improve accessibility to different areas.
The area can be easily accessed by regular buses. The Mumbai International Airport is about 23.5 km away and can be reached via EEH. The Thane railway station is about 17 km away from the area. The area has good civic and social infrastructure. Suraj Water Park is a theme park on Ghodbunder Road. The stretch also passes through the Sanjay Gandhi National Park.
Ghodbunder road offers both affordable as well as luxury apartments. The most common apartment configurations are 1, 2 and 3BHK units. The approximate property value in the region is in the range of Rs 7,700-9,500 per sq. ft., depending on the proximity to different areas and infrastructure.
Diva profile
Diva is an area in Thane situated between Mumbra and Kopar, and on the banks of Ulhas River. It is also an important railway junction on the central line of the Mumbai suburban railway network. One end of Parsik tunnel ends at this railway junction. The area has not seen much development in terms of infrastructure for some time. However, it is now witnessing some improvements in terms of connectivity. The Mumbai Rail Vikas Corporation Ltd (MRVCL) is working on completing the Virar-Vasai-Diva-Panvel suburban corridor, which will connect the extremes of Panvel and Vasai-Virar, via Diva. This is expected to significantly improve the realty prospects in the region.
Diva has a good number of multi-storeyed and builder floor apartments to offer. The most common configurations are 1BHK units followed by a small number of 2BHK units. The average property value in the area is about Rs 3,000 per sq. ft.
According to recently obtained data by CommonFloor, Diva witnessed the maximum number of units launched in September this year, with about 3,000 units being launched. The apartments comprise of 1 and 2BHK units with built area in the range of 660 sq. ft. (1BHK) up to 880 sq. ft. (2BHK). This was followed by Ghodbunder Road, which witnessed apartment launches (about 2,020 units), which comprise of 1, 2 and 3BHK apartments with approximate built area of about 670-690 sq. ft. (1BHK), 900-990 sq. ft. (2BHK) and 1,250 sq. ft. (3BHK).
Hence, if you are looking for buying a newly launched apartment, Diva and Ghodbunder Road can offer you good choices.
