Shil phata or GB Road

Q: Hi I need some advice. I am looking to buy a property for investment and my budget is approx 50-55 lacs.
I have shortlisted a few projects at both location and in GB road I can buy a 1 bhk in that budget whereas with same budget I can buy a 2 bhk in shil phata. The question is where I should invest to get better returns..GB road thane or shil phata.

Sandeep Bhamra, Apartment Resident, Mumbai

6th July 2015

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Replies (2)

Hi,
Are you looking for residential projects in Ghodbunder Road? Here are the list of projects available at Ghodbunder Road, Thane. Click the link Residential projects in GHodbunder Road, Thane

Or,

To get best deal on properties, list your requirement here or You can call on this toll free number (1800) (180) (180) (180) Or You Post your Requirements to get matching properties details on your Email and Mobile.

Sanjana Jain, Mumbai

8th July 2015

Comment

Hi Sandeep,
Due to commercial as well as residential properties in Ghodbunder, many people are keeping this area as their preferred choice. It is well connected to Mumbai and localities such as Mulund, Thane, Mira Road, Ghatkopar and Bhandup. The connectivity of the area from the international airport also makes real estate rates going up in the locality. 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 8000-10000/sq-ft, depending on the infrastructure and proximity to different areas in Mumbai.

Anuj Gupta, Mumbai

7th July 2015

Comment

I think Anuj is right,
The prices of the properties have shown significant level of appreciation in last 2 years due to upward trend in real estate industry. I think investing in a property in Ghodbunder road makes more sense than investing in other localities which are in the developing stage. Since Ghodbunder Road is close to many entertainment hubs, malls, super markets, movie theaters, railway station, banks, schools and major hospitals, many people are preferring this area for buying a dream house.

Ramesk Polekar, Mumbai

7th July 2015