Godrej Ascend Thane: A Promising Project with Disappointing ROI?

Thane, a bustling suburb of Mumbai, has emerged as a prime location for real estate investment. Among the many new projects in Thane Kolshet Road, Godrej Ascend on Kolshet Road stands out as a beacon of luxury, convenience, and potential returns. 

This blog delves into why Godrej Ascend is a compelling investment opportunity, exploring its features, location advantages, and the broader real estate context in Thane.

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Introduction to Godrej Ascend

RERA ID: P51700034608, P51700046541

Godrej Ascend Kolshet Road Thane is an upcoming residential property by Godrej Properties Limited, launched in August 2022 with possession expected by April 2028. This ambitious project comprises five buildings with a total of 100 units, offering a mix of 1BHK, 2BHK, and 3BHK flats in Kolshet Road. 

The 1BHK units range from 393 to 440 sq. ft, 2BHK units from 497 to 750 sq. ft, and 3BHK units from 761 to 1100 sq. ft. The pricing is competitive, starting from ₹77 lakhs for 1BHK, ₹95 lakhs for 2BHK, and ₹1.64 crores for 3BHK flats. This variety ensures that there are options for different budgets and preferences.

Location Advantages: Kolshet Road, Thane

Address: Godrej Ascend, Kolshet Road, Thane, Kolshet Road, Dhokali, Thane West, Mumbai, Maharashtra, India

One of the most significant advantages of investing in Godrej Ascend is its strategic location on Kolshet Road. Thane has rapidly developed into a sought-after residential hub due to its excellent connectivity and robust infrastructure. Key transport nodes near Godrej Ascend include:

• Bhiwandi Road: 9 km
• Kasara Railway Station: 0.10 km
• Kalwa Railway Station: 3.2 km
• Thane Railway Station: 3.6 km
• Mumbra Railway Station: 5.6 km

Proximity to major transport hubs ensures seamless connectivity to Mumbai and other parts of Maharashtra, making daily commutes and travel convenient for residents.

Amenities and Lifestyle Offerings

Godrej Ascend is designed to provide a luxurious and comfortable lifestyle. This property offers a wide range of amenities, including:

• 24 x 7 Water Supply: Ensuring uninterrupted water availability.
• Open Parking: Ample space for residents’ vehicles.
• Clubhouse and Indoor Games: Perfect for leisure and socializing.
• Badminton Court, Cricket Pitch, and Multipurpose Room: Catering to sports enthusiasts.
• Banquet Hall and Amphitheatre: Ideal for hosting events and gatherings.
• Children’s Play Area and Sun Deck: Providing recreational spaces for families.
• 24/7 security: Providing a safe living environment.

These amenities enhance the quality of life and make Godrej Ascend an attractive option for families and individuals alike.

Educational and Healthcare Facilities

Access to quality education and healthcare is a critical consideration for homebuyers. Godrej Ascend is surrounded by reputed schools and healthcare facilities, such as:

• Blossom English High School: 0.90 km
• Durga Vidya Mandir School: 1.78 km
• St. Xaviers English High School: 2.1 km
• DAV Public School: 2.5 km
• Orchids The International School: 3 km

Healthcare facilities in close proximity include:

• Dr. Yogesh Vaidya’s Orthocare Hospital: 1.82 km
• Tieten Medicity Manpada: 2.3 km
• Global Hospital: 3.9 km

These institutions ensure that residents have access to excellent education and medical care, which is a significant advantage for families.

Shopping, Dining, and Entertainment Options

Thane offers a vibrant lifestyle with numerous shopping, dining, and entertainment options near Godrej Ascend:

• Lodha Boulevard: 1 km
• Brand Factory: 1.2 km
• Viviana Mall and R Mall Thane: 1.3 km
• Amrapali Shopping Center: 1.4 km

For dining, residents can enjoy a variety of cuisines at nearby restaurants such as:

• Foodies ASR: 0.10 km
• Fishland The Family Restaurant: 1.8 km
• Veg O Holic: 1.6 km
• Vishnuji Ki Rasoi: 2.7 km

Entertainment options include cinema halls like Vandana Cinema Hall (0.10 km) and Cinema Star (0.30 km), providing ample leisure activities for residents.

ROI: Evaluating the Return on Investment for Godrej Ascend Thane

When considering any real estate investment, one of the most critical factors is the Return on Investment (ROI). This metric helps investors understand the potential profitability of their purchase over time. In the case of Godrej Ascend Thane, the ROI can be influenced by a variety of factors, including location, market trends, pricing, and future development in the area.

Location and Connectivity

Godrej Ascend is strategically located on Kolshet Road, Thane, an area that has seen significant infrastructure development and growing demand in recent years. Thane’s proximity to Mumbai, coupled with its evolving infrastructure, makes it a sought-after location for both homebuyers and investors. The upcoming metro line and enhanced road connectivity are expected to further boost property values in this area. Therefore, the location advantage should positively impact the ROI, as demand for properties in well-connected areas tends to remain high.

Market Trends and Appreciation Potential

Thane has become a hotbed for real estate activity, with numerous projects springing up in response to the increasing demand. However, this also means that the market is competitive, which can impact how much appreciation you might see in the value of your investment. Historically, properties in Thane have shown steady appreciation, but with the influx of new projects, the rate of appreciation may vary. Investors should consider this when calculating potential ROI, especially if they plan to sell the property in the short to medium term.

Pricing and Investment Horizon

The pricing for units at Godrej Ascend ranges from ₹77 lakhs for a 1BHK to ₹2.5 crores for a 3BHK. While these prices reflect the quality of the project and its amenities, they also position the property in a premium segment. For investors looking for significant short-term gains, the ROI may not meet expectations due to the higher entry price point. However, for long-term investors, the steady growth in Thane’s real estate market, combined with Godrej Properties’ reputation for quality, may yield more favorable returns over time.

Potential Risks and Considerations

It’s important to note that real estate investments come with inherent risks, including market fluctuations, changes in government policies, and economic downturns. The extended timeline for possession (April 2028) might also be a concern for those looking for quicker returns. Additionally, the premium pricing may limit the pool of potential buyers in the resale market, which could affect ROI.

Connectivity and Infrastructure Development

Thane’s connectivity and infrastructure have seen significant improvements, further boosting its real estate appeal. Major roads and highways, such as the Eastern Express Highway and Ghodbunder Road, facilitate smooth travel to Mumbai and Navi Mumbai. The upcoming metro line is set to enhance Thane’s connectivity even further.

Proximity to major employment hubs and business districts adds to the attractiveness of Godrej Ascend for working professionals. The ongoing and planned infrastructure projects promise sustained growth and appreciation of property values in Thane, making it a smart investment choice.

Investment Potential and Future Prospects

Investing in Godrej Ascend on Kolshet Road offers promising returns for several reasons:

• Reputable Developer: Godrej Properties is known for its quality construction and timely delivery, adding to the credibility and reliability of the project.
• Location Advantage: Kolshet Road’s strategic location and connectivity make it a desirable residential area.
• High Demand: Thane’s growing popularity and demand for residential properties ensure that investments here are likely to appreciate over time.
• Robust Amenities: The comprehensive range of amenities enhances the property’s value and attractiveness to potential buyers and renters.

The combination of these factors makes Godrej Ascend a lucrative investment opportunity in Thane’s real estate market.

Conclusion

Godrej Ascend Kolshet Road Thane is more than just a residential project; it’s a gateway to a luxurious and convenient lifestyle with promising investment potential. Its strategic location, comprehensive amenities, and the reputation of Godrej Properties make it a standout choice for homebuyers and investors alike. Whether you’re looking to buy a flat in Thane for personal use or as an investment, Godrej Ascend offers a compelling proposition that is hard to ignore. As Thane continues to grow and develop, properties like Godrej Ascend are poised to deliver significant returns and a high quality of life.

Investing in real estate is a significant decision, and Godrej Ascend provides the assurance of quality, reliability, and potential growth. Explore this opportunity and be part of Thane’s flourishing real estate landscape.

FAQ’s

1. Where is Godrej Ascend located?

Godrej Ascend is situated on Kolshet Road, Thane, a rapidly developing area with excellent connectivity to key locations in and around Mumbai. It is close to Thane Railway Station and other important transport nodes.

2. What educational and healthcare facilities are nearby Godrej Ascend Thane?

Nearby educational institutions include Blossom English High School, Durga Vidya Mandir School, St. Xaviers English High School, DAV Public School, and Orchids The International School. Healthcare facilities in close proximity include Dr. Yogesh Vaidya’s Orthocare Hospital, Tieten Medicity Manpada, and Global Hospital.

3. What shopping, dining, and entertainment options are available nearby Godrej Ascend?

Godrej Ascend is close to several shopping centers, including Lodha Boulevard, Brand Factory, Viviana Mall, R Mall Thane, and Amrapali Shopping Center. Dining options include Foodies ASR, Fishland The Family Restaurant, Veg O Holic, and Vishnuji Ki Rasoi. Entertainment options include Vandana Cinema Hall and Cinema Star.

Disclaimer: The information provided in this blog is based on insights and data gathered from real estate experts and other reliable sources. While we strive to present accurate and up-to-date information, we do not guarantee the completeness or accuracy of the information. The content is for informational purposes only and should not be considered professional advice. We are not responsible for errors, omissions, or outcomes related to using this information. Readers are advised to research and consult with appropriate professionals before making real estate decisions.