Thane’s Ghodbunder Road has always been a highly preferred real estate destination for end-users and investors alike. Ghodbunder Road is witnessing rapid real estate development while several shopping, entertainment and recreational zones are also coming up here. The commercial real estate segment is also going through a boom here. Several new developments will also boost the future prospects of Ghodbunder Road. The future extension of the metro railway network will boost connectivity hugely and lead to an appreciation in capital values in the entire region. Additionally, the MMRDA has planned a new shortcut which will help residents drive to Bhayander in only 10 minutes. This may also lead to better connectivity with the coastal road at Marve which is near Malad. A road will be built to facilitate this shortcut and link Ghodbunder Road with Bhayander East’s Jesal Park. The road will commence from the junction where the National Highway 8 and Ghodbunder Road meet and will pass through Tukaram Road, Navghar and Indralok before reaching Jesal Park.
Apart from these developments, the TCS Olympus Centre has also come up at Ghodbunder Road and was inaugurated recently. The mega commercial space is located within the Hiranandani Estate on the Ghodbunder Road and was recently launched by the Maharashtra Chief Minister, Devendra Fadnavis. This is a 16-storeyed structure which offers a green campus with a sewage treatment plant and rainwater harvesting systems in tandem with cutting edge technology. This new building will have 30,000 more employees being accommodated and will spur growth in the real estate market as well. The project has a clubhouse, training block and gymnasium as well.
Thane is steadily becoming a hotbed for real estate projects by leading developers. The Godrej Group, for example, has come up with Godrej Emerald along the Ghodbunder Road which is being developed by its subsidiary Godrej Properties. Ghodbunder Road is set to become the next big office and shopping zone in Mumbai within the next few years according to experts and there still remains scope for capital appreciation in the future.
