Earlier, Thane's Kolshet Road was famous only as an economic hub. Now, this micro-market is developing into a residential area and is attracting investors as well as end users. Investors trust the market to yield healthy returns while the homebuyers are attracted by the opportunity to live in a quiet and green neighbourhood that offers access to several amenities. In recent years, Kolshet Road has also benefitted from the closure of chemical and other industries which caused pollution in the area.
The improved transportation facilities and residential projects by reputed builders have led to growing housing demands. Kolshet Road is now preferred by all budget segments. This realty market also benefits from its location – it extends up to the Thane creek which has been developed into a picturesque viewpoint. Thus, the higher floors of some projects offer scenic views. Kolshet Road also has a good potential as a market for second homes or vacation homes, especially for those looking for a property away from the city's busy life.
Connectivity to Kolshet Road
Kolshet Road is located in north-eastern Thane and is about 7km from the Thane station.
Connectivity by road is facilitated by the Thane-Belapur Road, National Highway-8 and Eastern Freeway.
Thane also enjoys connectivity to Navi Mumbai and the Western Suburbs via the Jogeshwari-Vikhroli Link Road (JVLR), and the Santacruz-Chembur Link Road (SCLR).
Kolshet Road is most likely to benefit from some planned infrastructural projects, such as the Thane-Bhiwandi-Kalyan metro route, the Monorail project, and the proposed metro line from Wadala to Ghodbunder. Another proposed project is an underground tunnel and a ropeway through the Sanjay Gandhi National Park connecting Borivali and Thane.
Neighbourhood
There are several multi-speciality hospitals in the area, like Hiranandani Hospital, Jupiter Hospital and Navjeevan Hospital.
Some schools in and around the area are Hiranandani Foundation School, Kendriya Vidyalaya, and the New English High School. NKT College, St. Xavier's Junior College, Nett College of physiotherapy and IITC, and a sub-campus of Mumbai University are some higher education institutes spread around Thane.
Liveability index of Kolshet Road is pumped up because of the presence of several restaurants, shopping centres and malls like Viviana Mall, R Mall and Wonder Mall. The area also has hypermarkets such as Big Bazar and D-Mart.