Properties at Pokhran Road emerges as favorable realty destination in Thane

News Thane

In recent years, Pokhran road has emerged as one of the most favourable real estate investment destination amongst homebuyers in Thane. Located in the western part of the district, Pokhran road is divided into two parts, Pokhran Road 1 and Road 2. Both of these localities comprises of resale as well as newly-constructed inventories.

According to the latest report by a real estate research firm, due to state-of-the-art infrastructural developments and well-flourished connectivity, this area has emerged as a popular investment destination amongst end users who are interested to buy either resale or newly-constructed property.

Pokhran Road enjoys seamless connectivity to other adjacent areas via rail and road network. Arterial roads like Jogeshwari-Vikhroli Link Road (JVLR), Santacruz-Chembur Link Road (SCLR), Ghodbunder Road, Eastern Freeway, NH-8, Mumbai-Nashik Highway and Thane-Belapur Road connects this place to other MMR regions. Apart from it, Mumbai suburban railways also provide an easy commute to working professionals and other workers.

The locality is home to flourishing social and civic infrastructures like hospitals, malls, educational institutions, schools, banks, and ATMs. Kelkar Hospital, Jupiter Hospital, Singhania School, Korum Mall, Viviana Mall, and Hiranandani Foundation School are some of the prominent and renowned destinations present in this region.

At present, the average property price in Pokhran Road 1 and 2 is Rs 12,224/ sq ft and 12,966    / sqft respectively. Moreover, due to its connectivity and flourishing surroundings, a one BHK with all the superior amenities will cost between 60-85 lakh to the home buyers. A 2 BHK can be availed at a price tag of a crore. Also with the availability to a large number of land tracts, many renowned builders are entering into the real estate market of Pokhran road announcing new residential projects with premium amenities. Some of the reputed developers present in this region are Wadhwa group, Cosmos, Raymond, Shapoorji Pallonji, Punit group, etc.

The report also predicted that with more planned and proposed developments, the area is expected to witness more price appreciation just like it did in the last one year. Moreover, natural landscapes and serene surroundings also calling upon home buyers and investors to set up their dream abode here.