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Project Report: Ghodbundar Road

This report summarizes the key details about the Ghodbundar Road region in Thane, Maharashtra. It notes that Thane is a satellite city of Mumbai well-connected by roads and rail. Ghodbundar Road is a major connector road that links to highways across India. The target buyers for projects in the area are first-time homebuyers and investors due to affordability and connectivity. Upcoming infrastructure like a new creek bridge and metro line will further improve connectivity. The area scores well on existing infrastructure but lacks some public spaces currently. It is recommended for first-time buyers and investors expecting price appreciation.

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Mayur Sharma
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93 views2 pages

Project Report: Ghodbundar Road

This report summarizes the key details about the Ghodbundar Road region in Thane, Maharashtra. It notes that Thane is a satellite city of Mumbai well-connected by roads and rail. Ghodbundar Road is a major connector road that links to highways across India. The target buyers for projects in the area are first-time homebuyers and investors due to affordability and connectivity. Upcoming infrastructure like a new creek bridge and metro line will further improve connectivity. The area scores well on existing infrastructure but lacks some public spaces currently. It is recommended for first-time buyers and investors expecting price appreciation.

Uploaded by

Mayur Sharma
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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PROJECT REPORT

Ghodbundar Road
by Lodha, Godhbunder Road

THANE: Thane is a satellite city of Mumbai, The Thane Creek passes through the region with
Ulhas River at its north. This region is well connected to the main city by various roads
and highways and the railways. This region is extremely well connected to rest of the
country with many state and National highways passing through this region.

GHODBUNDAR ROAD: Ghodbundar Road is a stretch of the State Highway No. 42. It’s a major connector road
that connects Mumbai to other areas like Ahmedabad, Nasik and Ahmednagar among
others This road connects to other national and state highways that run through the
length and breadth of the country. Within the city, the road connects to the Western
Express Highway in the north and the Eastern Express Highway in the south. The road is
approximately 20 Km long. This area has overall good connectivity by road and by trains.
The target groups for this area are first home buyers and investors. The first home
demand in this area has been from people either residing and/or working in the Mumbai
Metropolis Area; while the investment demand has been from investors from Mumbai
and Thane. Despite being in the MMR region, this area scores very high on the
affordability aspect, the average per square feet rates fall between INR 6,000 – 12,000.
The rates vary in this range for most of the good developers like Lodha, Puraniks among
others. Most of the projects have facilities like swimming pools, clubs etc., thus giving
the buyer the experience and the satisfaction of buying a high end property at a very
mid level price. These aspects make this area a very attractive destination for buyers
looking for investment opportunities as well as the end users.

To be a Coldwell Banker India Franchisee,


+91 22 3952 8474
Call us at:
UPCOMING • A new creek bridge proposed over the Thane Creek between Thane and Kalwa in the
INFRASTRUCTURE: Thane Municipal limits. This development would increase the connectivity of the
region.
• A Metro Line extending from Wadala to Thane via Ghatkopar has been planned by
MMRDA. This project when completed would increase the connectivity and ease the
difficulty faced by commuters. The construction work for these lines is expected to
commence very soon as it has received approval from the Chief Minister of
Maharashtra and MMRDA chief Mr Devendra Fadnavis. The project has a total length
of 31 Km with 24 underground and 6 elevated stations. Covering Ghatkopar and
Thane, it is planned to start at Wadala and end Kasarwadavli. [1]
• The area also has water front development projects and Local Rail Transit (LRT) in the
pipeline. These initiatives will increase the connectivity of the area and reduce the
travel time to the area.
This area has an Air Force Base that is not expected to be developed anytime soon. This
would ensure a dedicated green cover in the area. The road also has a tourist attraction
spot near the Ulhas River. The area is the new favorite of many real estate developers
and buyers alike because of the affordability, the connectivity and the infrastructure.
The developers present in the area include Hiranandani, Lodha, Runwal Group, Wadhwa
Group among many others. Many of these projects though falling in the mid income
range, have most modern amenities like swimming pools, club houses, gyms etc.

GHODBUNDER ROAD No. of


INFRASTRUCTURE Infrastructure* Establishments Rating Score
Educational Infrastructure (Nos.) > 10 5
Banks (Nos.) > 10 5
Commercial/Government Offices (Nos.) >3 2
ATMs (Nos.) > 10 5
Hotels / Restaurants (Nos.) >4 5
Supermarkets (Nos.) >3 5
Hospitals (Nos.) > 10 5
High Street Shopping/ Malls (Nos.) ~2 3.5
Distance from the Airport (Nos.) > 30.4 Kms. 2
Public Spaces and Parks <4 2
Travel Infrastructure (Nos.) ~ 3* 3
Total Score our of 60 44.5
*Roads, Railways and Metro
Score 1-5; with 5 being the maximum
Source: Coldwell Banker India

This area scores high on certain aspects of livability because of the existing infrastructure here. It has various international schools,
good road connectivity, malls and multiplexes, convenience stores; all in the vicinity. All these are conveniently located near or off
the Ghodbundar Road. This area is relatively new to development but is catching up fast, it scores low on the public spaces aspect as
it has very few public parks and in the transportation aspect as public transportation though available is few and far between,
especially on the northern stretch of the road. This is expected to be sorted out when the projects in the area are fully developed and
people start living in the area.
We recommend this area for first home buyers as well as investors, expecting a good price increase in the future.

PROJECT REPORT CODENAME BLOCKBUSTER Godhbunder Road

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