Thane, a city that has witnessed a remarkable transformation, is now a hub for real estate investment, with Kolshet Road Thane emerging as a prime destination. Over the past 4-to 5 years, Kolshet Road in Thane West has evolved into a sought-after residential locale, surrounded by Vasai Creek in the East, Kapurbawdi, and Manpada in the West, Hiranandani Estate in the North, Majiwada in the South.
In this exploration of Investment in Thane landscape, we delve into the thriving real estate scene, focusing on the vibrant pulse of Kolshet Road Thane. Buckle up as we uncover the top reasons why Investment in Thane is not just a financial decision but a strategic move towards unlocking the full potential of your real estate property investment ideas.
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Investment in Thane: A Beacon for Investors
As the demand for residential and commercial spaces continues to surge, Investment in Thane has carved a niche for itself as a property investment in India destination, and one of its jewels, Kolshet Road, is at the forefront of this real estate renaissance. What makes Investment in Thane a compelling choice for investors? It’s a perfect blend of strategic location, robust infrastructure development, and a burgeoning market that holds immense promise for those seeking lucrative returns on their investments.
Rising Popularity and Affordability: Kolshet Road’s Ascent to Prominence
Kolshet Road’s popularity is on the rise due to its extensive connectivity, reasonable affordability, and proximity to commercial areas along Ghodbunder Road. The region has witnessed a significant uptick of approximately 10% in average property prices over the last three years. With abundant open spaces, greenery, and projects by renowned developers like Kalpataru Limited and the Lodha Group, Kolshet Road has become a favored choice among buy flat in Thane.
Exponential Growth in Property Prices:
Over the past three years, Kolshet Road has witnessed a remarkable surge of around 10% in average property prices. This growth is a testament to the increasing demand for residential spaces in the area, driven by factors such as well-planned infrastructure, accessibility, and the overall development of the region.
Abundance of Open Spaces and Greenery:
One of Kolshet Road’s distinguishing features is the abundance of open spaces and lush greenery. This aesthetic appeal, coupled with well-designed projects by esteemed developers like Kalpataru Limited and the Lodha Group, has elevated the region’s desirability quotient among prospective homebuyers. The availability of such natural elements contributes to a serene and pleasant living environment.
Renowned Developers’ Presence:
The active involvement of renowned developers adds a layer of trust and reliability to Kolshet Road’s real estate landscape. Projects by Kalpataru Limited and the Lodha Group, known for their commitment to quality and innovation, further enhance the region’s standing as a preferred destination for those seeking both comfort and luxury in their homes.
Affordable Proposition for Homebuyers:
While witnessing significant growth, Kolshet Road maintains a reasonable level of affordability compared to neighboring areas like Majiwada and the Hiranandani Estate. This affordability factor positions Kolshet Road as an attractive option for both seasoned investors and first-time homebuyers, offering a balanced and excellent value proposition.
Rental and Capital Trends on Kolshet Road: A Comprehensive Insight
The average property price in Kolshet Road is around Rs 10,200 per sq ft. For instance, a 3 BHK apartment with a net usable area of 1,100 sq ft is priced at approximately Rs 1.1 crore. Rental trends vary, with 1 BHK apartments ranging from Rs 14,500 to Rs 16,500 per month, while 2 BHK and 3 BHK units average around Rs 18,000-20,000 and Rs 25,000-29,000 per month, respectively.
Understanding the rental and capital trends is pivotal when considering real estate investment in Thane and Kolshet Road in Thane offers a compelling narrative in this regard. Here’s a detailed exploration of the property dynamics on this burgeoning avenue:
Average Property Price:
The heartbeat of Kolshet Road’s real estate is its average property price, standing robustly at around Rs 10,200 per square foot. To illustrate, let’s delve into a practical example – a 3 BHK apartment in Kolshet with a net usable area of 1,100 square feet is attractively priced at approximately Rs 1.1 crore. This competitive pricing, when juxtaposed with neighboring areas, positions Kolshet Road as an appealing choice for potential investors and homebuyers alike.
Rental Trends:
For those exploring the rental landscape, Kolshet Road offers a spectrum of choices. In the realm of 1 BHK apartments, the monthly rental bracket spans from Rs 14,500 to Rs 16,500. Should you seek the additional space afforded by 2 BHK units, an average monthly expenditure of Rs 18,000-20,000 is par for the course. For those aspiring for the larger 3 BHK units, monthly rentals average around Rs 25,000-29,000.
Affordability Amidst Luxury:
The charm of Kolshet Road lies not only in its vibrant property market but also in the equilibrium it strikes between luxury and affordability. The diverse rental options cater to varying needs and preferences, making it an inclusive destination for tenants. The pricing structure, whether for ownership or rental, reinforces the region’s commitment to providing a range of choices without compromising on quality.
Comparative Affordability:
Kolshet Road stands out not just for its absolute figures but also for its affordability compared to adjacent localities. The average rates for the sale of residential properties in Kolshet Road hold a distinct advantage over areas like Manpada, Majiwada, and Patlipada. This comparative affordability enhances the region’s allure, offering a compelling proposition for individuals looking to invest or settle in a thriving real estate ecosystem.
Diverse Living Spaces: Property Configurations and Types
The majority of residential developments along Kolshet Road are apartments, with 50% of configurations being 2 BHK units, followed by a significant number of 3 BHK units. Scarcity exists in the 4 BHK category, with under-construction Kolshet road projects set to conclude by 2024. The majority of the inventory is ready to move.
In this burgeoning locality, apartments reign supreme, shaping the skyline with their modernity and functionality. As we delve into the intricacies, a distinctive pattern emerges, defining the choices available to the discerning homebuyer.
1. Balanced Choices:
The residential landscape on Kolshet Road echoes the pulse of the contemporary home seeker. Notably, 50% of the configurations lean towards the well-crafted comfort of 2 BHK units. A testament to the popularity of this configuration, these homes strike a balance between space and intimacy, catering to the needs of families and individuals alike.
2. Elevated Living:
Moving up the scale, a significant number of 3 BHK units add a touch of luxury and spaciousness to the real estate tapestry of Kolshet Road. These configurations, designed for those with a penchant for expansive living, offer a canvas where personal style and functionality converge seamlessly.
3. Rare Grandeur:
While the landscape boasts an abundance of 2 BHK and 3 BHK units, the 4 BHK category stands as a testament to rare grandeur. Characterized by exclusivity and sophistication, these residences are a scarce gem in the architectural crown of Kolshet Road. The anticipation builds as under-construction Kolshet road projects, curated with precision, prepare to unveil their opulent offerings by 2024.
4. Ready to Move:
The heartbeat of Kolshet Road’s real estate, a majority of inventory stands ready to embrace its new inhabitants. Ready-to-move units signify not just a dwelling but a canvas upon which residents can imprint their stories from day one.
Seamless Connectivity and Future-Forward Projects: Kolshet Road’s Transportation Tapestry
Connectivity Beyond Boundaries:
Nestled strategically, Kolshet Road unfurls a well-connected haven for its residents. Its geographical proximity to the Autostrada Ghodbunder Road ensures a seamless journey to the northern realms of Thane. A mere three kilometers away, the Eastern Express Highway (EEH) acts as an expressway to suburban areas and South Mumbai, enhancing the region’s connectivity manifold. The heartbeat of transportation, Thane Railway Station, stands at an accessible distance of approximately six kilometers, weaving Kolshet Road into the intricate fabric of Mumbai’s suburban railway network.
Upcoming Infrastructure Marvels:
1. Thane-Borivali Underground Tunnel:
As a testament to the city’s commitment to progressive transportation solutions, the Thane-Borivali Underground Tunnel is a game-changer. Envisaged to transform the two-hour commute between Thane and Borivali into a mere 15-minute journey, this ambitious project is poised to redefine connectivity. The tunnel, traversing beneath the lush expanse of Sanjay Gandhi National Park, will connect Tikuji-Ni-Wadi in Thane (a mere 4.4 km from Kolshet Road) to the bustling Western Express Highway (WEH) in Borivali. With an estimated cost of Rs 8,900 crore, this underground marvel is a beacon of efficiency and convenience.
2. Proposed Mumbai Metro:
Riding on the wave of modernization, Kolshet Road is set to welcome Mumbai Metro’s Line 4, with Kapurbawdi Metro Station as its gateway. Anticipated to be operational by 2022, this metro corridor embarks from Kasarvadavali on Ghodbunder Road, culminating at Wadala in South Mumbai. Kapurbawdi Metro Station also marks the initiation of Mumbai Metro’s Line 5, connecting Thane with Bhiwandi and Kalyan, slated for completion by the end of 2024. This futuristic addition to Kolshet Road’s transportation repertoire promises swift and efficient travel, catering to the evolving needs of its residents.
In the kaleidoscope of Kolshet Road’s real estate landscape, one of its most vibrant hues is its robust social infrastructure. The region has meticulously woven a tapestry of educational institutions, healthcare facilities, and shopping complexes, fostering a well-rounded and convenient lifestyle for its residents.
Educational Excellence:
Kolshet Road Thane takes pride in hosting esteemed educational institutions that nurture young minds. Rainbow International School stands tall as a beacon of learning, providing quality education and a conducive environment for holistic development. This, complemented by institutions like Orchids International School and Amber International School, underscores Kolshet Road’s commitment to educational excellence.
Healthcare Haven:
Ensuring the well-being of its residents, Kolshet Road features healthcare facilities that stand as pillars of support. Highland Super Speciality Hospital, a prominent healthcare institution in the vicinity, offers advanced medical care and services. Metropol Multispeciality Hospital and Hiranandani Hospital further contribute to the region’s healthcare ecosystem, providing comprehensive medical assistance.
Retail Retreats:
For those seeking retail therapy or a leisurely shopping experience, Kolshet Road doesn’t disappoint. Viviana Mall, a bustling shopping destination, invites residents to explore a myriad of brands, entertainment options, and dining experiences. R-Mall Thane adds to the retail extravaganza, ensuring that the denizens of Kolshet Road have access to diverse shopping complexes for their convenience.
Recreational Respite:
Beyond the confines of education, healthcare, and shopping, Kolshet Road embraces recreational spots that add a touch of rejuvenation to residents’ lives. TMC Public Garden, Lok Upvan, offers a serene escape amidst nature, providing a tranquil setting for strolls and relaxation.
Connectivity Catalyst:
The strategic placement of these social infrastructure elements enhances Kolshet Road’s connectivity. Residents can seamlessly access educational institutions, healthcare facilities, and shopping complexes, fostering a community-centric environment where daily needs are met with ease.
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Conclusion
Kolshet Road has become a prime real estate and residential hotspot in Thane, driven by extensive connectivity, reasonable affordability, and upcoming mega projects. The region’s real estate growth is influenced by premium projects, feasible proximity to Ghodbunder Road, and impending transport enhancements. With impressive social infrastructure, Kolshet Road continues to attract residential demand, positively impacting property prices. As Investment in Thane evolves into a real estate investment hub, Kolshet Road stands out as a promising choice for those seeking a blend of connectivity, affordability, and future growth potential.
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FAQs
1. Why is Kolshet Road gaining popularity for real estate investment?
Kolshet Road has witnessed a surge in popularity due to its extensive connectivity, reasonable property prices, and proximity to commercial hubs along Ghodbunder Road.
2. Are there upcoming infrastructure projects that will enhance connectivity?
Yes, the Thane-Borivali Underground Tunnel and the proposed Mumbai Metro are set to significantly improve connectivity in the Kolshet Road region.
3. How is the social infrastructure on Kolshet Road?
Kolshet Road boasts robust social infrastructure, including renowned educational institutions, healthcare facilities, and prominent shopping complexes.
4. Why is Kolshet Road considered a feasible and affordable investment?
Strategically located near Ghodbunder Road, Kolshet Road offers a compelling value proposition with lower average property rates compared to neighboring areas like Majiwada and Hiranandani Estate.
