Upcoming and affordable
HOTSPOT: SHIL-THANE, MUMBAI
Shil-Thane, also known as Shilphata, is advantageously located on the junction of National Highway-4 and Kalyan-Shilphata road. Given the pace of development, the real estate potential of this area can emulate that of Ghodbunder Road in the future. It is becoming a popular residential destination for people employed in areas like Turbhe, Koper Khairane.
Shil-Thane has several excellent location attributes which have resulted in rapidly increasing attention of homebuyers as well as builders. It is basically a confluence point for several major areas such as Navi Mumbai, the KalyanDombivali-Bhiwandi belt, Thane and Taloja-PanvelPune-Goa-JNPT.
Property prices in ShilThane are currently very attractive to end-users on a budget, ranging between ~4,300-6,600 per sq ft, depending on exact location, project specifications and amenities, and the developer's brand value. The area has a host of flat sizes and configurations Dombivli, and Ambarnath available, ranging significantly easier. from one to three-bedroom Apart from converting options, and owning a generously-sized roads to four lanes and overall home is very upgrading of the Bhiwandimuch a possibility even for Kalyan-Shilphata Highway, those on more modest budgets. the MMRDA has also started Rental demand is very the work on a six-lane overbridge decent here, with a lot of evidence over Ulhas creek, aiding for growth going forward. motor traffic between Kalyan and the Mumbai
When the monorail project Nashik highway. Another proposed to connect Mahape major infrastructure upgrade and Kalyan takes off, the connectivity in the pipeline here is a bridge and overall attractiveness extending from Ghatkopar to at Shil-Thane will see Kopar Khairane — a development a major upgrade and also which will prove to be a exert a consummate upward boon for people living along influence of property prices. the road from Kalyan to ShilLikewise, a proposed flyover Thane. One of the prominent in the vicinity will make commuting projects into Shil- areas Thanelike Kalyan,is Dosti Planet North on Old MumbaiPune Highway.
For people travelling to Thane and Kalyan-Dombivali, Shil-Thane is the default gateway to Navi Mumbai and it has excellent public transport connectivity via regular buses which ply the route from Thane and Navi Mumbai.
CIDCO has also indicated that it intends to extend the current metro service from Belapur to Taloja further to Kalyan and Ulhas Nagar, which will have a very positive effect on employment, overall business scenario and, therefore, real estate demand in the Kalyan region. Already, the industrial belt of Kalyan and Dombivali extending till Badlapur generates a massive amount of employment.
Given the rapid changes in the landscape of this vital micro-market, there is every reason to expect satisfactory growth of real estate values in mid to long terms. Certainly, Shil-Thane provides an excellent opportunity for both end-users and property investors alike. The focus should remain on projects by reputed developers who have notified their projects’ RERA certification.