The node which was once identified as home to the middle income group and lower income group is today changing its identity, with several big ticket projects and highrises taking shape here. Also, residents are giving preference to Ghansoli in the backdrop of third bridge which is planned from Ghatkopar-Vikhroli to Ghansoli-Koparkhairane.
Devang Trivedi of Progressive Group says, "Ghansoli was once synonymous with LIG and MIG homes. However, due to lack of availability of land in Vashi and Koparkhairane, developers started moving to Ghansoli, where tendering of plots took place nearly four years ago."
Trivedi adds, "Developers have taken plots here individually and also in groups as the land available was in a range of 9,000 to 12,000 sq metre. This is the reason why highrise projects are taking shape here and all these projects have good amenities as prominent builders are having projects."
Another advantage of this location, Trivedi says, is, "Since there are Coastal Regulation Zone restrictions, it is a protected area and no new construction will take shape here in future. So, people purchasing flats is highrises will get a clear view of the mangroves and the water body."
Another developer, who has project in Ghansoli, says, "Presently, we have premium projects on Palm Beach Road from Belapur to Vashi. However, the gap from Ghansoli to Airoli that was not developed, it now will attract the attention of developers and buyers once the third bridge plans are confirmed."
He adds, "There are six big plots that Cidco is yet to auction in this belt. Premium homes can come up on these plots."
Developers feel purchasing a property in Ghansoli is a win-win situation for buyers as well as investors. "For actual buyers, the rates in Ghansoli are still within reach at Rs8,000 to Rs9,000 per sq feet. For investors, since the industrial zone in Mahape is closeby, they can let out their property on rent and earn a good income. Another important factor is Ghansoli is well-connected to Thane and Mulund. So, the fundamentals per se of the node are very strong for buyers and investors," said a developer.
Arvind Malwadkar, who was in Ghansoli's sector 15 to survey property, said, "I am looking for a flat in Koparkhairane and Ghansoli belt. Ghansoli looks a better option cost-wise. Also, since my office is in Seepz it looks like a convenient option since we have conveyance till this place."
Another real estate expert said, "Koparkhairane and Ghansoli will emerge as centralised locations for those working in Thane, Navi Mumbai's MIDC area and Seepz in Andheri. As a result, we can expect home buyers to flock to these areas. Also, Ghansoli has new supplies with new projects coming up, while in Koparkhairane new supplies are available in sector 11."
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