Fortune AvenueGhodbunder Road, Thane

Buying property in Ghodbunder Road is definitely considered a smart move by real estate experts and investors. This is because Ghodbunder Road is one of Thane’s residential hotspots at present and has developed rapidly over the last couple of years or so. There are several affordable, mid range and premium projects dotting the entire stretch and several developers like Raunak, Hiranandani, JVM, Cosmos and Dosti Group are highly active here. 2 and 3 BHK housing units are predominantly available in this stretch. Ghodbunder Road has always attracted prospective home buyers due to its comparatively lower rates when compared to the main Thane city. However, swift price appreciation is also being witnessed in the area with skyrocketing development and top class infrastructure.The planned monorail network which the development authorities want to make a feeder system to the planned metro project in Thane, will benefit connectivity in Ghodbunder Road. The metro corridor has already been finalized by the MMRDA and this will connect Wadala to Kasarvadavali on the Ghodbunder Road. These projects will definitely transform the face of the area in the near future. Ghodbunder Road offers easy access to Mira Road from Thane and other areas like Ghatkopar, Bhandup and Mulund. The entire stretch covers approximately 20 kilometres and links the two major arterial roads in Mumbai, namely the Eastern Express Highway which ends at Thane and starts and Sion and of course, the Western Express Highway which leads to the National Highway going up to Gujarat after starting from Bandra (East).The upcoming MGM IT Park is a major commercial development that can transform the area’s business prospects in the future while several corporate offices and commercial outlets, stores, malls, banks and showrooms are also coming up along the stretch. The Kapurbawdi flyover is fully operational and has brought down traffic congestion considerably in the belt. The Ghodbunder Road makes traveling from Thane to Borivali a breeze of sorts. Several reputed educational institutions have come up along the stretch as well.Additionally, areas like Kalyan, Badlapur and Kalwa are easily accessible from Ghodbunder Road. There are hardly any traffic stops while driving from Dadar in Mumbai to Ghodbunder Road. The fact that it links the two major highways of Mumbai only serves to highlight its excellent connectivity and strategic location. Property prices have increased by around 9.69% in the area as per Q3 2015 and average prices stand at around INR 9, 871 per sq. ft. for the same period. Popular projects include Cosmos Jewels Ruby, Harmony Sky Suites, Dosti Vasudha, Balaji Trinity Oasis, Hubtown Siddhi and Puranik Sky Villa to name just a few.