Property in Thane review: Keep away from Ghodbunder Road properties 90

hey guys no one commented after 2009...i m interested in buying near kasarvadavali...pls can u help me..budget 35 lacs

i bought a 1 BHK terrace flat at Bhakti park - Anand nagar GB ROAD..
say nearly about 5 - 6 years ago.. at the rate of 1250 per sq ft.
now what i am getting is 4500 per sq ft.
pple who keep bull ### on the net are looser and had never acheived anything by themselves.

FYI .. all the junction starting from Majiwada (BigBazaar) till kasarvadli are getting flyovers .
State Highway 42 (Maharashtra) (GB ROAD) It one of the major roads leading out of Thane city and connects the Eastern Express Highway which becomes National Highway 3

All aspirant buyers should come and visit GB road in order to get the feel and sense of life style.

HI THIS IS MAHESH (ESTATE AGENT ) PROPERTY.BAZAAR@ROCKETMAIL.COM, IF ANYBODY REALLY INVEST MONEY IN PROPERTY, THANE W, AWAY FROM STATION 5KM, IN 1BHK, KAPURBWDI IS D BEST LOCATION FOR THIS. THINK IN WHICH AREA U EASILY MOVE TOWERED BORIVLI, VASHI, PANEL, PUNE, MUMBAI, BY RD ; AND FORM THIS POINT BIG BZR, R MAL, CINE WONDER, MARATHI THANE KALA BHAVAN, STAR 3D THEATER, PROPOSED MUM UNIVERSITY ALL THIS @ 5 -10 MIN WALKING DISTANCE ISN'T IT AMAZING... M NOT DOING MY BUSINESS OVER HERE... BUT ITS REALY GOOD PLACE FOR RENT OUT FLATS, WHERE HOUSEWIFES ALSO LIKE THIS PLACE...

IF U WANT JUDGE THE CHS IN LOOK, JUST CHECK IT OUT - IS RENTAL PERSON (TENANTS) IN CHS RENEWING THEIR CONTRACTS ARE NOT... BY WATCHMENS, BROKERS, FRIENDS, RELATIVE

I DON'T HAVE BELIEF IN VASTU BUT FACING DOES MATTER ALOT, NATURALLY AS FRESH AIR COMES FROM SOUTH-WEST, MORNIG SUNLIGH FROM EST, ETC..

Hi,
I am planning to buy 1BHK in Shubharamb complex near Edenwood. Is that complex good and does it worth spending 34 lacs in that region?

i am planning to buy a house in Cosmos County which is opposite 'The Blue Roof' club on ghodbunder road. can any one guide me on this?

Dear All,

Don't purchase any flat from Vijay Group. They are fraud. They will charge you for everything which they will not provide. They take maintenance for NOT maintaining.
You will pay for amenities like swimming pool, gym etc which you will or will not get after 3-4 years.

SO my suggestion is not to go for Vijay Group Thane ( Ghodbunder Road).

its very good

i want to buy a home in harmony horizons a property by harmony lifestyles group g b road thane owale, rate given is 4100 plus 25 rs flr rise is the price justified?for carpet area of 700 can anyone guide me?

How is cosmos spring upcoming project in Owala, GB Rd. Builder is Cosmos group.

hi,
i m planning to buy in rutu enclave at gb offer given is 27L for 2 bhk of 720 built up can u guide me is that a good offer any other option

Thanks for the info. I guess that with so many projects coming up, there might be a shortage of water. I am also worried about electricity cuts in the area.

DONT U THINK THAT G.B ROAD TO THANE STATION TAKE 1 HOURS IN BUS
AND THE TMT BUS SERVICE IS ...
IF U HAVE CAR THEN U PURCHASE FLAT
OTHER WIST "LATAK KE JAO"

Hello,
Has anyone bought a flat in The Residency, Thane, a new project by the Vijay Group? The property is located on GB Road. Would appreciate some information/advice on this.
Thanks

Has anyone bought a flat in The Residency, a new project by the Vijay Group at GB Road? Would appreciate any information/advice on this as I am planning to buy a 3BHK flat there.
Thanks!

Planning to buy 1bhk in puranik city, rate 4195... is it worth? and howz the builder

Hi, I'm thinking of buying a place with GB realty at Parkwoods in Thane as an investment. The builder is quoting 4500/sq ft. I am totally new to Thane so please tell me my concerns (below) are valid:

1. Is oversupply in that area going to lead to price drop?
2. Do possession dates always get postponed because Dec 2012 is the expected possession?
3. Is forest encroachment going to lead to problems?
4. What has been the property rate trend so far and where will it go in the next 5 years?

Any other advise would be very helpful.

Thanks!

Thane 2009
2. Vikas - One of the better maintained complexes but is older than 10 years. Several flats have seepage problem. one of the wing borders a nallah and has stench from it and mosquitoes. Parking is a huge problem. Any sound of traffic or other sound from road echoes and booms due to peculiar layout making it very difficult for residents facing the garden. During the boomtime, owners here sold flats for very high prices but recent sales are showing signs of distress. Paying above 60 L-70 L for 2 BHK is totally uncalled for (currently quoted at 65 L). For same money better property can be bought a little further away. No significant reason for price appreciation (not a good investment choice)

I totally dissagree with you Sir/madam
I am a resident of vikas, a very active resident
No flat whatsoever has seepage problem unless an untill people above you have plumbing issues or clogged bathrooms
Which can just be normal anywhere
yes there has been seepage problems for top floors, i think with the heavy rains which we get its very normal to have a issue for top floor ie 12 here and there.
The B side does border a nallah, but now the nallah is closed and buildings have come up in the place of shanties which where viewed from B complex
The A1 building facing towards the road, is having noise related problem.
But building further inside do not have any issue whatsoever its very peaceful, quite and serene
It have excellent neighbours,
Offlately yes the amount of cars have been increasing making the parking a little cramp
Safety wise and security wise we are excellent
It is surely good to invest in VIKAS as it is well maintained, your money is valued in the real sense
The thing is not just the boom time but now people are ready to pay that price as the maintenence speaks for itseld
yes the 2 bhks goes for any where between 70 lakh plus
The A side goes for 85 lakh plus
The three beds goes for 1 crore
Its worth staying here investing your money here..
Every place has a negative and positive side
So see for yourself and for better views always ask the shopkeepers, local residents for reviews

**Resident since 12 years**

To buy a propery in GB road, you need to think 20 years ahead... from where I look at this locality, I see it getting into the urban map of Mumbai suburbs with its own distinct identity. With quality builders and developers coming up with residential, IT/ITeS, commercial and mall projects in the vicinity, I see it as a metropolis of the future. Do remember, unlike Mumbai or other such suburbs, with exeception of Navi Mumbai, GB road is the only place which we can call as a Planned City, with Development plans already in place, to be executed in the next 10 years.
If you run by the old concept of buying a flat in Thane near the railway station or near Mumbai, I would advice stay away from this upcoming locality, because it doesn't have either of the so-called positive characteristics.
But, do remember that cities do expand over a period of time, if the local authorities have plans for improved connectivity with the outer rings of the city, the chances of people preferring to reside on the outer rings increases, since the central city areas will get increasingly choked, commercialised, and inflexible for further development.

I am planning to buy a property @ about 4K per sq. ft. Is this price too high? I am not a Mumbai resident, any advise.

Thanks

If i compare Ghodbunder to Navi Mumbai like Kharghar i feel Kharghar is a better place to buy a home . I think both Ghodbunder and Kharghar are almost at the same distance from Mumbai considering its a hour and 15 mins drive to BKC from both these places .The rates are in simlar range from [protected] .

With Navi mumbai coming up as a hugely planned city from Cidco with the upcoming airport at 4-5 Km, planned SEZ in Kalamboli, Ulwe and Dronagiri, central park, structured city, i can see place like Kharghar coming up in a big way in the next 5-7 years.

So yes though i agree Ghodbunder road has come a long way in the last 4-5 years, however the fact remains that it has only seen a lot of Real Estate devlopments .

Well, G B road is an excellent upscale residential area.Skyscrapers, Shopping Heavens, Good roads (some under construction :-) ), High net worth individuals and decent mix of cosmopolitan flavor makes G B the most sought destination after south mumbai (I don't know if I'm exaggerating :-) ) .Once G B road was mere a transit to Gujrat ( SH 42) with all kinds of greeneries around and roamed by animals from the adjacent National Park. Today you would find all kinds of luxuries, class, quality along with a saddening depletion of the greeneries around.Today's hiranadani estate, waghbil, area around the hypercity and kolshet were once like some areas similar to the one that you would find at any hill station region.Trust me even though you would find all the comfort and luxuries at these big brand homes at G B Road, you would just become the part of fast depleting green covers from Ghorbunder. I hope the builders' lobby at G B takes the notice of this and actually develop or leave some green patches intact around.

Welcome to G B Road.

Dont you think Ghodbunder road is too far from the Mumbai City . I believe its like 40 Km from BKC.

I just want to know if there are any Sez's coming up in Thane area or any new IT parks which can offer Jobs to us techies :)

Regards
AMit Sawant

Baby, looks like u missed out on investing in GB road. All the major builders are here...even Lokhandwala has bought huge tracts of land...wait n watch baby...soon u will be spending ur time meeting ur colleagues and friends at GB Road...

Does anybody has any information on Haware City ?

Someone quoted that its possible to get a 1000 sqft area in 15 lac in the future at GB.Come to think of it, when the current prices vary from 30 lac to 50 lac today for 1000 sqft, how could one expect these prices to drop so drastically? Given some tight economy conditions it might fall to say 25% in the worst to worst case, that is Rs 24 lac to 40 lac.But price fall beyond that is pure imagination or some extreme emergency conditions which is not under anyone’s control. I am having a flat near Majiwada junction in a good society. The plus points are: 1) Excellent connectivity from below my house to central & western suburbs. Autos, buses are always available.(2) All daily needs are available in the shopping centre below the building. Big bazaar is reasonably near. Some new malls are also coming up. No need to go to Thane every time for shopping.(3) No drinking water issues. (4) Some electricity shedding is there, but tell me where there’s not?(5) View of the Yeoor hills from the windows is just fantastic.(6) Flyover is under construction which shall further ease traffic.
Its going to be prime property in the coming years. Forget all the trash people put up & invest in good projects.

I think investing on GB Road is a good option, I know the COSMOS County is rating around Rs. 3000/per. sq. ft. So [protected] at Lodha and DB Realty seems a good option, since they belong to A grade builders and also have all latest features like club house, Pool, Gym..etc. Also investing on land will never get waste, if you are in a hurry to make it double within few months/years then you have to take such risk. Because not sure what will happen in future.
Why I do say this is a good option is because if you take Mira Road area in western line, I see that area is over rated than GB road. I see the rates running there is around Rs.4500/- were its just an residential area were even govt. doesn’t have idea of bringing any govt. projects over there. Also I can see in GB road new IT parks are coming up and big malls like Hyper city is coming up. These are all the good sign’s of a developing area.

I really do not know anything about GB conditions but if anyone has the correct information please let me know as I am thinking of investing in GB property.

REGARDS,
(SHANKARRAO)

Hi All,

Why are people getting so emotional here, come on, grow up! This is an open forum and everyone is entitled to express their opinion, don't fight over it!

I am considering Parkwoods by DB Realty and CASA UNIVIS by Lodha on GB Road, anyone know what their quality & rates are? I understand their rates are around [protected]? Is this correct?

Thnx.

Hi All,

How is CASA UNIVIS built by LODHA in GB . I am totally unknown to THANE, actually never seen that place . I want to invest in a 3 BHK apartment which will be ready by 2012 . I know LODHA as a builder has a good reputation around the country . But is it worth spending 50 Lakhs for a 1170 sq ft in GB THANE ?

Hi guys I am sudipta I am planning to buy flat from puranic builders in wadavali naka thane w, they told me 3200/sq feet for 2bhk 700 sq feet.

can any one suggest me that it ud be right to invest the money in buying flat in ghorbandar road.

Sudipta

Cosmos construction quality is not so great. he is local builder with slightly better quality. Look out for Hiranandani or kalpataru ( siddhachal ). Besides this approach road to Cosmos Lounge is not proper. That is the main reason why Nilakanth Green flats are not easily salable. You will get it diffcult to resale.

Hi guys! This is Shekhar and I am planning to buy a 2BHK flat at Cosmos Lounge at Manpada, GB road. The quote given to me is 4200/sq.ft for 1000 sq.ft (built up area ) which comes to around 46 - 47 lac including everything.

Please let me know whether it is worth the price ? - Shekhar

i think you are out of your mind!
YOU SHOULD GET ADMITTED IN A MENTAL HOSPITAL
that is not the case at all
in fact people from andheri also are coming to ghodbunder, buying flats bcoz thane is so very good in every way
as far as crime or theft is concerned, nobody is safe any where in india

SO DONT MAKE FOOLISH COMMENTS ON THE NET AND MISGUIDE THE PEOPLE
IF YOU WISH TO STAY AWAY FROM THANE AND BE A BLOODY FOOL, YOU ARE FREE TO BE ONE
BUT ATLEAST DONT MISGUIDE OTHER PEOPLE

"ONE MORE POINT -I USUALLY DON'T USE BAD WORDS BUT FOR PEOPLE LIKE YOU WHO ARE HABITUAL OF USING SUCH WORDS(KINDLY LOOK AT YOUR COMMENT), EVEN WE HAVE TO BECOME ONE AS YOU"

I was surprised to see a comment posted by someone called ****RAJ****. All I could feel was two things, either he is a builder himself or someone connected to them, or someone who's trying to sell his property on GB Road which has now become a noose around his neck (Phaasi Ka Funda). POOR GUY...

I do not know how many others like him were made to look like suckers or I should say fooled by by the builders and the real estate agents into buying something that was grossly overpriced couple of years ago and even now.

Good for them, they deserve it.

I have been associated with the construction industry myself, and I know how much it costs to build a 30 storey tower which includes the so-called ultra-modern amenities and the pay-off needed for the local govt. agencies as well. So if somebody says a 4BHK apt in Hiranandani Meadows at Rs. 2.5 Cr is an excellent buy, I have only one comment for them, please go and commit suicide.

It’s not worth spending more than 12-15 lacs for 2BHK flat of 1000 sq. ft. built-up area, from Majiwada till Kasarwadavli on GB Road. Just wait for some more time guys; there are builders who would end up selling you their prized possessions in the above rate very soon the big ones, whom you know and read a lot about.

Hang on guys, just wait. Distress sales are happening as well, across all location on GB Road. Just keep your nose and ears open, you would end up getting a god flat real cheap from one of the foolish investors like ****RAJ’s**** for sure.

Till then save as much as you can.

Pls comment on CASA ULTIMA which is located behind the Jupiter Hospital on the Eastern Express Highway. I m being offered a 1BHK at ~35 L. What are the chances of appreciation in 5 years for this property?

For a person who lives in Mumbai and comes to Thane, Thane is like heaven with its wide roads, greenery, low traffic congesion, malls etc. Also the real estate prices are amazingly cheap.

It is sad to see Thane residents running down their own city.

All cities have their own problem but I think that any real estate investment in Thane will double in 3-5 years as the Mumbaikars move to Thane.

Please give any comments of swastik builders, Iam planning to buy a property there.

Thane is no longer the city it was earlier. Encroachments, garbage piles all over the place, bad quality of roads and increased pollution have turned it into nightmare. Overall, Thane is much too overhyped by the builder lobby. Anyone thinking of buying here - investors or actual residents should think 10 times. The prices are just not justified and the problems are getting worse making it a bad investment choice for future.

The truth about living in Thane

1. Long commute to any work place - it takes more than 90 minutes to reach central/south Mumbai. Western suburbs take longer. Buses take much longer while trains are crowded

2. Toll - to go anywhere from Thane you need to pay very high toll (or travel in congested and dirty trains)

3. Atrociously prices properties - bad for investors as well as users. Here are some problems based on an individual perspective

1. Urbania - contruction has been delayed for more than an year. Although it is an open area right now, the surroundings are more industrial in nature and hence not pleasant to view! Biggest problem is the delay.

2. L Paradise and Luxuria - same problem about surroundings. There is also a large nullah carrying waste water within the complex (problem for other complexes too). Not a great view from any building. Newer building are between half to 1 km inside from the service road. Luxuria is far from completion and some flats are facing the nallah. This can bring in stench and mosquitoes to even flats that are not facing the nallah.

3. H Estate - very far from the city, some buildings said to be part of forest land litigation. Rates not justified. Distress sales by individual investors not uncommon at more reasonable rates.

4. H. Meadows - just a collection of buildings with good specs but 2 bHK flats are small. 3 BHKs have larger area but layout is not great. The approach roads (not within the complex but immediately outside) have been recently encroached by hawkers and before that by small shops giving the entire area a shabby look and large bustling mela type of atmosphere - definitely not something you want to pay about crore for (3 BHKs). Flats that should sell for 30-40 L are being quoted for 75 L ! The value cannot appreciate since the approach and surroundings are only getting worse

5. Vasant Lawns - Possibly the most overrated complex. Nallah problem for 3 buildings (Even then flat prices are quoted high). Delays in construction and possession means money is locked up for investors and not significant appreciation. Flats that were supposed to be ready in 2008 are not yet available for possession. Buyer unfriendly sales office turns away retail investors. Overall a bad buy unless the rates are reduced by 20-30 %. Distress sale to investors was rumored. Expected distress sales by retail investors cannot be ruled out in a few months
Among the older ones

1. Tarangan - No open spaces, haphazard collection of buildings. New mall makes it a nightmare from traffic perspective. Flats that should be priced at 30-35 L being quoted for 65 L and above. Nallah problem nearby - not so bad. Maintenance is ok, not so great. Building lobbies look shabby, indisciplined residents having flower beds and pots in windows have made exteriors ugly. Club house is good but not as good as the Hiranandani complexes

2. Vikas - One of the better maintained complexes but is older than 10 years. Several flats have seepage problem. one of the wing borders a nallah and has stench from it and mosquitoes. Parking is a huge problem. Any sound of traffic or other sound from road echoes and booms due to peculiar layout making it very difficult for residents facing the garden. During the boomtime, owners here sold flats for very high prices but recent sales are showing signs of distress. Paying above 60 L-70 L for 2 BHK is totally uncalled for (currently quoted at 65 L). For same money better property can be bought a little further away. No significant reason for price appreciation (not a good investment choice)

Today, builders in Thane are quoting rates that are higher than many areas in Mumbai city limits. There is no reason to pay this premium. Buyers beware and let the markets reach a saner price point at which this city may become attractive again for investment. For living, it will still carry the same problems but you would have surplus money every month if you buy at a lower price.

- An informed resident

One of the best properties investment in Mahrashtra is Ghodbunder Road of Thane

Now it has been Developed... Now you come and see..