With considerable alterations in our lifestyle following the COVID-19 pandemic, there has been a tremendous shift in home-buying choices. People are extensively looking for locations that offer a wholesome living experience in all aspects – connectivity, infrastructure, amenities, etc. – in addition to the availability of green and open spaces. Simultaneously, people have also become cautious about their investments, ensuring that the money invested goes to the right place and the investment eventually churns out the benefits one has thought of.
While seeking de-congested areas and a healthier lifestyle, people are willing to move away from the city center. Moreover, with the work-from-home concept becoming mainstay and an increasing demand for hybrid offices, people are open to purchasing properties in these areas that offer a low-density, exclusive living and a sound ecosystem. One such upcoming destination, strategically located in the heart of the Mumbai Metropolitan Region (MMR) is Thane, which is emerging as the most sought-after location. However, what is best within Thane?
See also: All about TMC property tax
What makes Kolshet Road attractive to home buyers and developers?
According to a recent survey, 54% of the participants ranked Kolshet Road best, in terms of value-for-money offerings. Along with new developments, modern facilities and well-established connectivity, Kolshet also boasts of large open spaces and green expanses, including India’s largest 20-acre public park, Grand Central Park. Also, 64% of the respondents said that Kolshet Road has the strongest association with greenery and open spaces in Thane.
Catering to the evolving consumer requirements and considering the prospective advancements, several reputed developers have launched top-end residential and commercial projects at Kolshet Road. Aptly meeting the demand of present-day home buyers seeking an upgraded, secure lifestyle, Kolshet Road offers gated community developments that include modern lifestyle amenities. These gated community developments further provide consumers a chance to live amidst nature.
Physical and social infrastructure in Kolshet Road
Further enhancing the livability quotient of the locality, Kolshet Road provides excellent connectivity to the MMR and is merely at a five-minute drive from the Eastern Express Highway and Ghodbunder Road. A slew of forthcoming big-ticket infrastructure projects in Thane – the Borivali tunnel road, Mumbai Metro Line 4 connecting Wadala-Kasarvadavali and Metro Line 5 linking Thane-Bhiwandi-Kalyan – will give a major boost to the existing connectivity of the area. The upcoming Kapurbawdi metro station will also be just a five-minute drive away from the locality.
See also: Top localities to consider in Thane and beyond
In addition, Kolshet Road is close to Thane’s best education and healthcare centres, as well as retail and entertainment outlets. Some of Thane’s best schools, like CP Goenka International School, Sulochanadevi Singhania and Orchid High School, are merely five to seven minutes’ drive away from Kolshet Road. Healthcare centers such as Jupiter Hospital, Bethany Hospital and Vedant Hospital are also easily reachable. Besides, residents in the area enjoy seamless access to retail outlets like Dmart, Big Bazaar and Hypercity.
Check out properties for sale in Kolshet
Property options in Kolshet Road
The upcoming Lodha Business District on Kolshet Road has further led to an influx of multiple corporate offices. Seeing the potential of the area, top corporates like Deloitte and DST Global have also moved to Kolshet Road. All these factors make Kolshet Road a hub of mixed-use development that offers customers everything they need within the vicinity. With the rapid pace of development of the area, Kolshet Road will further see an upsurge in prices, eventually attracting both, commercial and residential investors, thereby, adding more value to the locality.
Check out price trends in Kolshet
A complete ecosystem that offers a modern and healthy lifestyle, Kolshet Road is emerging as a promising choice for aspiring home buyers. Gated community developments, great connectivity and ready social infrastructure, combined with the presence of green, open spaces, make Kolshet Road a realty destination worth investing in.
(The writer is president, mid-income and affordable housing, Lodha Group)
Prateek Bhattacharya is the CEO – Western Mumbai and Thane, Lodha. He holds a bachelor’s degree in chemical engineering from the Indian Institute of Technology (BHU), Varanasi and a post-graduate diploma in management (manufacturing) from S.P. Jain Institute of Management and Research. He joined Lodha in 2014, prior to which he was an expert associate principal at McKinsey and Company. He has over 23 years of experience across leading organisations such as Asian Paints and Reliance Industries.
Related Posts
Thane emerges as best destination for home buyers among MMR.
Nearly 54 per cent of MMR housing supply priced below Rs 80 lakhs: Report.
Unified DCPR: A win-win initiative for Maharashtra real estate.
Kalyan property market: An overview.
52 per cent of MahaRERA-registered residential stock unsold in Mumbai: Cushman & Wakefield and Propstack report.
The paucity of land parcels in Mumbai and Thane and its impact on affordable housing.
