THE PERFECT INVESTMENT – GHODBUNDER ROAD VS MIRA ROAD

Ghodbunder Road and Mira Road are booming localities. Investment point of view these two options are best. Location is the main factor and plays vital role in the context of  real estate for making an investment to reside. Property rates are very reasonable in Ghodbunder Raod and Mira Road. Because of the quick advancement, the zone has attracted many reputed developers, leading to a surge in launch of many affordable projects. It has a great connectivity to eastern and western Express Highway. These place is also dotted by retail, commercial and residential projects.

Ghodbunder Road, Located in Thane west and Mira Road, a part of Mira Bhayendar municipality a part of the Thane District; are amongst the popularly growing suburbs and have risen as the emerging hotspots in Mumbai.

Mumbai today is one of the costliest places to invest in a home. Ghodbunder Road and Mira Road have emerged as affordable and lucrative options for home buyers. The growth in these areas can be credited purely to the connectivity and infrastructural developments.

Goal of investing in real estate is to make more money for your future. Investors need to be smart and have their eyes wide open to procure the perfect investment which provides a higher ROI in comparison to others.

Making a right investment at right time and location is the key for the desired investment and returns on the same. Let’s have a look at some factors that have given a surreal push to Ghodbunder Road and Mira Road.

Ghodbunder road:

Since last few years Ghodbunder Road located in Thane west is serving as a land of opportunities, be it in the field of residential or commercial segment. Experts say that, under MMR (Mumbai Metropolitan Region) Ghodbunder Road a locality in Thane city is the most rapidly growing city in Mumbai with enough land parcels available in thane that can be piled up with residential and commercial properties. Ghodbunder has come up with well-developed civic and social infrastructures also.

Ghodbunder road is a hub for many beautiful spots, schools and colleges, hospitals, Malls, banks and ATM’s etc.  The easy availability of accessibilities around Thane have made it an emerging hotspot in Mumbai.

Schools and colleges:

Ghodbunder road thane provides plethora of institutions in its vicinity namely  Hiranandani Foundation School (HFS), St.Xaviers English High School and Jr. College, Saraswati Vidyalaya High School and Junior College, Tatvagyan Vidyapeeth etc.

Hospitals:

Many polyclinics and hospitals are also in close proximity for instance, Orthonova Hospital, Dhanwantri Multispecialty Hospital and many more.

Banks and ATM’s: Andhra Bank, ICICI Bank ATM, Punjab National Bank, Kotak Mahindra Bank ATM, HDFC Bank and many more are available in the peripheral areas of Thane.

Malls:

Ghodbunder Road is located with many recreational malls such as R-Mall, Korum Mall, and Big Mall etc. serving as a great entertainment spot for the residents.

Fascinations:

Many real estate investors select Ghodbunder road, Thane west to buy a property as it is has many beautiful spots and fascinations all around.

An ideal for many block busters of Bollywood i.e.  Maharashtra Tourism Development Corporation (MTDC) bungalow is a film shooting spot located at the top of the village. Ghodbunder fort is a famous historical point with incredible water tank that is under redevelopment plan to make it the most attracted spot at Ghodbunder Road, Thane. From Western Express Highway Ghodbunder fort is just 3kms away. Along with this Sanjay Gandhi national park is also one of the fascinations in the locality. Passing via Salsette Island one will can get picturesque view of Yeoor hills and Thane creek.

Transit Channel:

Ghodbunder Road has a good connectivity in terms of both roadways and railways. It takes 12 minutes to reach Thane Station from Ghodbunder road. Ghodbunder road serves as a link between Eastern Express Highway and Western Express Highway.  Central Business districts like Powai and BKC are about 30 mins and 40 mins respectively from Ghodbunder Road Thane west.  International Airport is about 45 mins from Ghodbunder Road.

New metro rail project i.e. Wadala-Ghatkopar-Thane-Ghodbunder Road and building an elevated 4.4 long freeway between Ovala and Chena Creek, is the lastest development plan at Ghodbunder road, Thane. This Locality also has many bus and taxi services available for public transport making an easy and comfortable movement in and around the localities.

Real Estate at Ghodbunder Road:

People who want to stay connected with Mumbai city but are unable to buy or rent a property in such an expensive city, investing in properties on Ghodbunder Road in thane west is one of the best alternate choices to fulfill their dream.

Earlier, Ghodbunder Road lacked in many areas and being infrastructure with narrow roads, poor connectivity, leading to high congestion and therefore investors were least interested in Ghodbunder road for any kinds of investment.

Today Ghodbunder Road has significant transformation in all areas and is becoming an ideal destinations for real estate procurements.  Ghodbunder Road price rates have elevated from 3500 per sqft to 7000 or 8000 per sqft, leading to a double profit for the people who made an investment in 2009. And prices of properties at Ghodbunder Road, is expected to rise by 20 to 30 percent.

Various developers have also played a vital role in developing iconic and landmark properties in Ghodbunder Road.  Here’s a glance at some of the lucrative options available at Ghodbunder Road for investment.

Ghodbunder Road provides galore options to choose from for various segments of the society.

Mira Road:

In recent years, Mira road real estate has emerged as one of the viable destinations for investment. Mira road has emerging in all the means i.e. good infrastructure, better connectivity raising the bar of the real estate sector. It has many technically well- developed infrastructures and some are queued for development for instance, Redevelopment of water drainage systems, stretching of other roads in the locality, implementation of new fire stations etc. A new sewage treatment plant has already been placed.

The main reason catering to rising demand of Mira Road property is its good connectivity to different parts of Mumbai. Mira Road is a locality that is extended from Mira Bhayander in Mumbai up to Ghodbunder Road in Thane.

Connectivity:

It is highly evolving with many roads, highways, flyovers and transport services.  The part of existing BRTS (Bus Rapid Transit System), I.e. Mahim-Mira Road bus passageway is now functional. Many other bus services are available regularly for public transport.

Mira Road is centered with WEH (Western Express Highway) that connects it to various employment destinations like SEEPZ, Bandra-Kurla Complex (BKC) and Lower Parel. Connectivity to Navi Mumbai and Thane is provided via Ghodbunder Road. Several other major roads connected with the locality are Station road and Mira – Bhayander Link Road. Besides, the road connectivity, Mira Road is also linked with western railway line of Mumbai.

Plan for the four-lane Road that will connect Miraroad to Bhayander and Gorai is under way. Proposal of metro rail from Dahisar to Mira Road has added to the driving demand of Mira Road’s residential sector.

Entertainment Hub

Mira Road is also a hub for few entertainment malls, schools and colleges, nursing homes and health care centers etc. attracting the investors to live better lifestyle by owning a residency in Mira Road real estate This includes, Niranjanlal Dalmia High School, Sardar Vallabhbahi Patel Vidyalaya, Bhakti Vedanta Hospital, Sidhivinayak Hospital etc.

Vardhaman fantasy on Mira-Bhayander road is one of most famous tourist points in Mira-road.

Real Estate at Mira Road:

From 2014, the property prices in Mira Road Mumbai have elevated between 20- 25%, and are still expected to elevate due to the availability of reasonable properties and its growing market values.

Developers in Mira Road have launched many multistoried residential buildings in recent years. They offer notable number of 1 BHK and 2 BHK flats and limited number of 3 BHK flats. The property prices in Mira Road generally range from 50 to 60 lakhs and few properties form a part of the luxurious segment.

So, Mira Road can be a good option, if you are planning to invest in a property at an affordable budget coupled with exclusive Transit channel and infrastructure.

Conclusion

§  As Mira road is only limited to its east part and offers fewer options for investors as compared to Ghodbunder road located in Thane west.

§  Ghodbunder Road thane west has ample of options provided by prominent builders, in both residential and commercial real estate.

§  With further infrastructural advancements, Ghodbunder Road is already on the path of surpassing many investment hotspots in Mumbai.

§  Ghodbunder Road as compared to Mira Road is value for Money and provides seamless connectivity all parts of Mumbai.