PROPERTY RATES AT GHODBUNDER ROAD, THANE
Thane, Mumbai’s satellite city, with the great potential of landscape transformation has experienced a phenomenal growth and has become a prime spot for real estate investment.
Ghodbunder Road, has developed rapidly in thane west and encompasses many infrastructural developments in Real estate as well as other sector which makes the home buyers or investors go gaga about buying a property or investing in this locality.The locality has witnessed a great appreciation and below mentioned are a few trends to have a look at.
Average property price elevated in 2012, from January to March it was Rs. 6400 per sqft, Rs. 6700 per sqft from April to June, Rs.7000 per sqft from July to September and Rs. 7400 per sqft from October to December.
From 2013 to 2016
The property rates at GB road Thane have undoubtedly increased from year 2013 to 2016. How much? It is mentioned below.
In 2013, the price appreciated from average property rate of Rs. 7300 per sqft to Rs. 7700 per sqft from January to March, and kept on increasing further with Rs. 7500 per sqft in the month span of April to June, Rs. 8300 per Sqft from July to September and Rs. 8600 per sqft from October to December.
2014 experienced a better hike in average property rate i.e. Rs. 8600 per sqft from January to March, Rs. 8650 per sqft from April to June, Rs. 8700 from July to September and Rs. 9000 per sqft from October to December.
The average property rate increased to Rs. 9000 per sqft from January to march in 2015, which slowly reached to Rs. 9100 per sqft from April to June, Rs. 9200 from July to December.
In 2016 till the month of September, the property rate was around Rs. 9000 per sqft i.e. it was Rs. 9600 per sqft from January to July and Rs. 9700 per sqft from July to September.
With the choicest of amenities and properties Ghodbunder Road offers great opportunities for home buyers as well as the investors. With the upcoming Metro Phase 3 from Wadala to Kasarvadavali which has 10 internal routes, the properties at GB Road are surely going receive a good capital appreciation once the metro is functional. To understand the summary you can click here