GHANSOLI PROPERTY DEMAND SUPPLY

SUNIL SETH KAKKAD 9820614117

FACTS

Ghansoli-CASE STUDY

• 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 Ghansoliin the backdrop of third bridge which is planned from Ghatkopar-Vikhroli to Ghansoli-Koparkhairane.

• 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.“

• 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.“

• For actual buyers, the rates in Ghansoli are still within reach at Rs8,000 to Rs9,000 per sq feet.

• 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

UPDATES

• This stretch offers 1, 2 and 3-BHKs in the range of Rs 6500-10,000 per sq ft• One and 2-BHK residential apartments are the most in demand on this

stretch.• companies such as Siemens, Patni and other small ventures catering to the

IT/ITeS and the financial sector commencing their business on this stretch, demand is on an all-time high.

• The developers such as Sunteck Realty Limited, Goodwill Developers, Sunny Buildtech, Sunny Real Estate Consultants, Haware Builders, Bhagwati Group and Atlantis Group, among others, are present on this corridor.

• The ratio between end-users and investors is 70:30.• The real estate market is stable because buyers are waiting for further

correction in prices while the sellers are determined to keep the prices intact. This irresoluteness has caused the stagnancy in prices

By SUNIL SETH KAKKAD

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Report by

SUNIL SETH KAKKAD • Current Designation: AVP Business Development • Current Company: Magus consulting • Current Location: MUMBAI Ghatkopar• Industry: Real Estate/Property• Date of Birth / Gender: 29 Apr 1973 / Male• Total Experience: 18 Year(s) 0 Month(s) • Highest Degree: MBA/PGDM

(Real Estate Sales & Marketing)• Phone: 09820614117 (Verified)

• Email: sethkakkad@gmail.com