Buying a Flat in Pokhran Road: 5 Things to Keep In Mind

Known as Mumbai's elder sister, Thane has captured the imagination of millions of Indians over the years with its rapid development, even earning itself the tag of a Smart City. Covering an area of 147 sq. km, the metropolitan has become an excellent alternative for those wanting away from the hustle and bustle of the financial capital and looking for a more peaceful life. The booming real estate market is one of the key drivers behind the emergence of 25 lakh+ populated Taluka on the national scene. 

At a constant rate of development, Thane boasts of efficient connectivity and abundant social infrastructure. Chipping in their contributions to MMR City's growth are localities like Ghodbunder Road, Majiwada, Kalyan, Ambernath, and Badlapur, to name a few. However, this blog will shed light on the relatively unknown yet promising potential of Pokhran Road. 

Centrally located between Thane and Mulund, Pokhran Road is also known as the Malabar Hills of the Thane district. In the last few years, the upmarket locality has witnessed exponential growth in its residential real estate sector, with top developers like Lodha, Shapoorji Pallonji, TATA Housing, and Raymond Realty building projects in the area. 

Pokhran 2 of Thane witnessed a 23.9% appreciation in its prices, with the current price per sq. foot being an estimated ₹15,900. Other exciting features of Pokhran Road include its proximity to industrial areas like Wagle Estate, the Upvan Lake, a prominent tourist spot, and its connectivity to commercial areas like Airoli, Naupada, and Bhiwandi. 

Nevertheless, before buying a flat in Pokhran Road Thane, you must keep a checklist of some of the following points. 

• Connectivity and modes of transportation

Pokhran road offers an optimum network of roads and railways, with the eastern express highway helping connect to neighbouring localities like Ghodbunder Road. Regarding bus services, the Vandana ST bus depot and CIDCO bus depot in Thane apply a fleet of their buses. 
Proximity to the Thane railway station helps commute to other parts of MMR. Nevertheless, the availability of metro services still awaits the area. 

• Amenities 

Providing all the basic amenities, Pokhran Road is undergoing a massive change in its infrastructure, especially Road No.2, which has many more green spaces and better infrastructure, helping attract more buyers. Regarding educational facilities, the locality has the following Schools/Colleges: Vasant Vihar High School, Anmol Vidya Mandir, Little Flower High School, and Municipal School.
Healthcare facilities: Trupti Hospital, Dr. Joglekars Nursing Home, Bethany Hospital, Kelkar Hospital, and Prachi Hospital
Shopping centres: Retail complexes like Amrapali Shopping Centre, Kadamba 4Vasant Vihar, Shiv Shilpa Shopping Centre, and Emerald Plaza.

• Return on Investment

Given the recent appreciation rate estimates, investing in Pokhran 2 will fetch you sizable returns. According to studies, most buyers prefer to buy properties worth less than ₹50 lakhs, with 2 BHKs being the most demanded. The average rent in the area is ₹30,464 per month, having experienced a minimal 3.37% hike this year. 

• Proximity to employment hubs

Pokhran Road is a prime residential area near some of the prominent commercial and industrial regions of MMR, such as Mulund West, Bhwandi, and Waghbil. The Thane upmarket locality is a maximum of 11km away from growing commercial areas like Airoli and Naupada. 

• List of the necessary documentation

For those looking to buy a flat in Pokhran Road, please revise some of your following documents.

1. Sale Agreement / Sale deed
2. Title Deed
3. Address Proof of all Purchasers
4. ID Proof of all Purchasers
5. No Objection Certificate (NOC)
6. Possession Letter
7. Property Tax Receipt
8. Khata Certificate
9. Building plan approval certificate

Final Thoughts

Hopefully, the above blog has helped you gain a thorough insight into what living in Pokhran Road is like. With the upscale neighbourhood showing promising growth, now is the perfect time to park your money in Thane.