Kolshet Road is a prominent Thane housing hub known for its strong connectivity, good infrastructure, and proximity to employment areas. The area has become an investment magnet in the last 3-5 years, reflecting massive growth in property values. navimumbaihouses walks you through the key factors influencing real estate investment 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 properties available to buyers and tenants. Dhokali, Wing, Kolshet, and Kiran Mill Colony are among the areas along the stretch that offer a variety of mid-segment and premium residential properties. Perhaps the key factors boosting real estate investment in Kolshet Road are a good road network and ample facilities available to residents.

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Market for residential real estate

The residential real estate inventory along Kolshet Road is abundant with 1 BHK and 2 BHK apartments. The average property price along Kolshet Road, according to 99acres listings, is around 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, offering a mix of ready-to-move-in and under-construction properties.

Despite the COVID pandemic, Kolshet Road has seen nearly a 20% increase in property prices in the last five years, with a 15% increase in the last three years. The average rental yield generated year on year is close to 3%. Home rentals along Kolshet Road range between Rs 19,000 and 30,000 per month.

Commercial possibilities

Along Kolshet Road, commercial inventory includes both bare shell and ready-to-move office spaces. A ready-to-move office in Kolshet Road costs around 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 options for investment along the stretch. The proximity to the Kolshet Industrial Area and business parks also contributes to the area's commercial prominence.

Dependable social infrastructure

Kolshet Road connects to the Eastern Express Highway, NH-48, and NH-848, providing easy access to Mumbai, Navi Mumbai, Bhiwandi, and Pune. It is approximately 25 kilometres from Chhatrapati Shivaji Maharaj International Airport and approximately six kilometres from Thane Railway Station. There are also several recreational parks along the stretch, including Thane Grand Central Park, Everest World Park, and Highland Park. There are also numerous reputable hospitals and schools.

Future advancements

Several upcoming developments along Kolshet Road are expected to pique the interest of end-users and investors. The under-construction Mumbai-Thane Metro Line (four kilometres) connecting to Manpada and the proposed metrolite with a station at Kolshet Industrial Area would improve intra- and inter-city connectivity in the area. Furthermore, the proposed Thane-Borivali tunnel would connect at Manpada, ensuring a direct ride 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 increase footfall.

Kolshet Road can be considered a prominent housing hub in Thane West based on price appreciation trends and rising real estate demand in the area. However, for the most recent updates and ground reality, seek advice from local real estate experts and residents.

Source From:- navimumbaihouses