Realty Hot Spot: A Popular Real Estate Destination in Mumbai

In this week's ET Wealth realty hot spot series we take a look at a popular residential destination in Mumbai called Ghodbunder Road, specifically in Thane. The area covers the localities of Owale, Kavesar, Anand Nagar, among others.

A 1-BHK, which covers area of approx. 620 sq. ft., costs Rs 57 lakh on average. Property price per sq. ft. ranges from Rs 6,250-12,700 here. Properties are available in 1-, 2- and 3-BHK types. This area in Thane will become better connected once the metro link becomes operational. Currently, it is 32 KM away from the airport, 13 KM from the nearest railway station and 0 KM from NH-48.

Here are other highlights of Ghodbunder Road, Mumbai that make it this week's real estate hot spot.

Highlights

*Popular real estate destination in Thane offering multi-storey apartments in large projects and townships
*Proximity to key office areas across various localities of Thane West and Navi Mumbai
*Presence of social infra such as Vedant Hospital, Big Shopping Centre, Viviana Mall, R Mall, etc.
*Proposed Metro Line 4 (Kasarvadavali-Wadala) would further strengthen connectivity in the region

Supply by BHK

-1 BHK - 40%
-2 BHK - 44%
-3 BHK - 16%

Consumer preference by covered area (sq ft)

-Schools 15+
-Hospitals 15+
-Restaurants 20+
-Banks 15+
-Grocery Stores 20+
-Petrol Pumps 15+

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Source: economictimes.indiatimes.com