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Upcoming and affordable properties in Mumbai's Shil-Thane

Property prices are very attractive to users on a budget, ranging between Rs 4,300-6,600 per sq ft

properties in Shil-Thane


Buildings under construction are seen at Yujiapu in Tianjin
Buildings under construction are seen at Yujiapu in Tianjin

Shil-Thane, also known as Shilphata, is advantageously located on the junction of National Highway-4 and Kalyan-Shilphata road. Given the pace of development, the potential of this area can emulate that of Ghodbunder Road in the future. It is becoming a popular residential destination for people employed in areas like Turbhe, Koper Khairane.

Shil-Thane has several excellent location attributes which have resulted in rapidly increasing attention of homebuyers as well as builders. It is basically a confluence point for several major areas such as Navi Mumbai, the Kalyan-Dombivali-Bhiwandi belt, Thane and Taloja-Panvel-Pune-Goa-JNPT.

Property prices in Shil-Thane are currently very attractive to end-users on a budget, ranging between Rs 4,300-6,600 per sq ft, depending on exact location, project specifications and amenities, and the developer's brand value. The area has a host of flat sizes and configurations available, ranging from one to three-bedroom options, and owning a generously-sized home is very much a possibility even for those on more modest budgets. Rental demand is very decent here, with a lot of evidence for growth going forward.

When the monorail project proposed to connect Mahape and Kalyan takes off, the connectivity and overall attractiveness at Shil-Thane will see a major upgrade and also exert a consummate upward influence of property prices. Likewise, a proposed flyover in the vicinity will make commuting to areas like Kalyan, Dombivli, and Ambarnath significantly easier.

Apart from converting roads to four lanes and overall upgrading of the Bhiwandi-Kalyan-Shilphata Highway, the MMRDA has also started the work on a six-lane overbridge over Ulhas creek, aiding motor traffic between Kalyan and the Mumbai-Nashik highway. Another major infrastructure upgrade in the pipeline here is a bridge extending from Ghatkopar to Kopar Khairane - a development which will prove to be a boon for people living along the road from Kalyan to Shil-Thane. One of the prominent projects in Shil-Thane is currently Dosti Planet North on Old Mumbai-Pune Highway.

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First Published: Fri, October 23 2020. 18:56 IST