by Hindustan Times | 10 Jun 2017 Mumbai
TRANSFORMATION Known as an economic hub earlier, Kolshet Road is emerging as one of the fastest developing residential locations, attracting endusers and investors.
Kolshet Road in Thane is consistently growing as a residential destination. It not only offers a status quo to its residents owing to its strategic location near the much-preferred Ghodbunder Road, but also yields healthy returns in both the capital and rental markets. Its seamless connectivity and infrastructure add to the prospects of investment from both end-users and investors.
Commenting on Kolshet’s Road journey towards becoming a prime residential destination, Sukhraj Nahar, chairman and managing director, Nahar Group, says, “The location was once known to be the most suited for Low Income Groups (LIG). However, with growing demand and supply in the area, the locality is now preferred by all budget segments. Real estate developers in Kolshet Road now cater to the housing demand from both middle and high income segments.”
Nahar highlights a few more infrastructure projects in pipeline for the region. He says, “Some other infrastructural plans for Kolshet Road include the Thane-Bhiwandi-Kalyan Metro route, an underground tunnel and a ropeway through the Sanjay Gandhi National Park connecting Borivali and Thane.”
There are several highschools and colleges near Kolshet Road including NKT College, St. Xaviers Junior College, DPO’s Nett College of Physiotherapy and IITC.
Strategic location near the Thane Creek makes Kolshet Road one of the most ideal locations for those looking for an abode away from the city’s hustle and bustle.
Some of the renowned tourist spots near Kolshet Road are the Sanjay Gandhi National Park and Upwan Lake.
Publications / Source: Hindustan Times