One of the burgeoning suburbs of Thane, Pokhran Road is a popular residential investment destination among Homebuyers. Due to its strategic location, connectivity to Mumbai and other MMR regions, and the presence of premium 1 BHK properties, the locality is a haven for this segment end user as well as investors. Take a look at other factors which plays a major role in the popularity of this region:
Being divided into two roads: Pokhran Road I and II, the locality enjoys excellent connectivity via a thriving rail and road network. Mumbai Suburban railway central and harbor lines fall near this locality. Apart from this, Pokhran Road is well connected to other suburban areas through a network of highways and expressways such as Santacruz-Chembur Link Road (SCLR), Ghodbunder Road, Eastern Freeway, Jogeshwari-Vikhroli Link Road (JVLR), NH-8, Thane-Belapur Road and Mumbai-Nashik Highway.
Both Pokhran Road I and II is home to well-developed and world-class social and civic infrastructure which in recent years has called upon many 1 BHK home buyers to invest here. The area is home to leading and renowned educational institutions, malls, healthcare, and recreation centers. Some of them include Singhania School, Vasant Vihar High School, Hyper city, Korum Mall, Odyssey IT Park, Ashar IT park, etc.
Real Estate Market
Because of its proximity to IT parks and sound infrastructure, prospective homebuyers prefer this area a lot. While Pokhran Road 1 is for those who are looking for resale properties, Pokhran Road II is hub to newly-launched properties by reputed developers. However, if we go by the sale of the residential unit, one BHK is most preferred which can easily be availed within the price range of 60-80 lakhs. Also, the availability of large land tracts has called upon many leading developers to construct residential projects here.
Some of the leading developers present in this region are Cosmos, Dosti, Unnati, Raymond, Shapoorji Pallonji, etc.
Property Price and Trend
At present, the average property price in Pokhran Road is Rs 12,224 per sqft. While a 1 BHK with all the modern amenities starts from Rs 60 lakh, a 2 BHK is priced in the range of 90 lakhs- 1 crore.
Also, if the property is brought with investment purpose, a buyer can easily earn good Return on Investment due to mushrooming property rates. In last one year, the locality has gained an appreciation of 5% in the prices. Apart from it, several planned and proposed infrastructural developments are also underway, calling upon more reputed builders to develop new projects thereby leading to long-term investment gains for prospective homebuyers.