Learn everything there is to know about real estate investing along Kolshet Road in Thane.
Kolshet Road is a notable Thane housing centre noted for its strong connection, good infrastructure, and accessibility to job areas. The area has been an investment attraction in the previous 3-5 years, exhibiting massive rise in property values. In this post we will walk you through the key elements influencing real estate investing in Kolshet Road, Thane.
Kolshet Road is a well-known Thane West thoroughfare that is home to the Kolshet Industrial Area, Kuber Business Park, and Ace Business Centre. It is also a well-known housing hub, with a variety of houses available to buyers and tenants. Dhokali, Wing, Kolshet, and Kiran Mill Colony are among the locations along the road that provide a variety of mid-segment and luxury residential homes. Perhaps the primary elements boosting real estate investment in Kolshet Road are a decent road network and numerous services available to residents.
Market for residential real estate
The residential real estate portfolio across Kolshet Road is abundant with 1 BHK and 2 BHK units. The average property price along Kolshet Road, according to insider listings, is roughly Rs 13,500 per sq ft. Several well-known and city-based developers, including Lodha Group, Kalpataru Limited, and Kapleshwara Builders, have projects in the area, providing a mix of ready-to-move-in and under-construction residences.
Notwithstanding the COVID epidemic, Kolshet Road has seen roughly a 20% increase in home values in the previous five years, with a 15% increase in the last three years. The average rental yield generated year on year is close to 3%. Home rents along Kolshet Road range between Rs 19,000 and 30,000 per month.
Together across Kolshet Road, commercial collection includes both bare shell and ready-to-move office spaces. A ready-to-move office at Kolshet Road costs roughly Rs 20,000 per sq ft, while a bare shell space costs around Rs 12,000 per sq ft. Lodha Supremus, Lodha Codename Great Gains, Lodha Codename Only the Best, and Lodha Codename Crown Jewel are a few commercial choices for investing along the stretch. The proximity to the Kolshet Industrial Area and industrial parks further contributes to the area’s commercial significance.
Several forthcoming initiatives along Kolshet Road are likely to pique the interest of end-users and investors. The under-construction Mumbai-Thane Metro Line (four kilometres) linking to Manpada and the projected metrolite with a stop at Kolshet Industrial Area would increase intra- and inter-city connectivity in the area. Furthermore, the proposed Thane-Borivali tunnel will link at Manpada, enabling a direct route between the two cities. On the recreational front, the under-construction Saket-Balkum Waterfront, which is within a four-kilometer radius of Kolshet Road, is expected to add to its allure and enhance footfall.
Kolshet Road may be regarded a key housing centre in Thane West based on price appreciation tendencies and rising real estate demand in the area. However, for the most recent information and ground realities, seek assistance from local real estate specialists and people.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information