Can i expect 100 % capital appreciation by investing in good project after 10 years in waghbil in ghodbundar road.

Hi,
We have seen that Ghodbunder Road, Thane has registered a capital appreciation of almost 85-90% in the prices of residential property during the last five years. The residential property price was Rs 4000/sq-ft in the first quarter of 2008, the property prices here grew up to Rs 7450/sq-ft by the last quarter of 2012. This area recovered appreciation of 20% in 2009-10, 30% in 2010-11 and 20% in 2011-12. The average prices of residential property in the area were Rs 5700/sq-ft in 2011 and Rs 6870/sq-ft in 2012. Current price range on Ghodbunder Road is minimum Rs 7500/sq-ft to Rs 9100/sq.ft based on the location.

The area has witnessed a capital appreciation of 3% during the last six months. So investing here for a time horizon of 10 yrs will definitely give you a record appreciation.

@Abhishek,

The popular areas in the neighbourhood are Suraj Water Park, Thane creek and Sanjay Gandhi National Park, and . The famous residential complexes in the neighborhood include Vasant Leela, Anand Nagar, Kanchanpushp complex and Vijay Nagri Annex among others.

@Abhishek,
The famous developers having projects here include Hiranandani Constructions, Cosmos Group, Vijay Group, Prestige Constructions, Rosa Group, Bhoomi Group, and DB Realty. Lodha Group has also coming up with a new residential project in the neighbourhood. The impending 8-laning of the Majiwada flyover is expected to improve traffic conditions and also raised the residential property prices in Waghbil after the completion of this flyover.