Ghodbunder Road, in Thane, Maharashtra, India, has progressively emerged as a prominent business hub in recent years. Primarily known for its residential developments, the area has experienced tremendous infrastructure construction and urbanization. This has resulted in its transition into a thriving commercial hub.
Within the previous 12 months, out of a stock of 7,386,584 sf of office space, 622,341 sf was leased out. Additionally, during the same period, 172,025 sf of office space was sold.
This blog explores why commercial properties in Ghodbunder Road should be at the top of your investment portfolio. If you wish to take a look into more such properties, visit FloorTap.
Ghodbunder Road as the New Commercial Hub
Ghodbunder Road has been gaining recognition as a new commercial hub. The combination of leasing and sales activity demonstrates the active commercial real estate market. Several factors contribute to its growing prominence.
Location and Connectivity
Ghodbunder Road is strategically located, connecting key areas of Thane and Mumbai. It runs about 20 kilometers from Borivali in Mumbai to Thane. Ghodbunder Road intersects with major roads such as the Eastern Express Highway and Mumbai-Ahmedabad National Highway.
The Thane Railway Station is located approximately 10-15 minutes from Ghodbunder Road. It is a key junction on the Central Line of the Mumbai Suburban Railway Network.
The proposed Thane Metro line will travel across Ghodbunder Road. Once operational, the metro would give you quick access to areas within Thane and the rest of Mumbai.
Infrastructure and Development
Ghodbunder Road has undergone major infrastructure improvement over the years. The roadways have been expanded, and numerous flyovers have been built to improve traffic flow. In addition to infrastructure upgrades, the construction of office buildings, commercial malls, residential towers, and mixed-use developments has increased.
In October 2023, Shivam Asati made a notable investment by purchasing office space in Ghodbunder Road’s Devashree Park for Rs.7,313 psf.
Here are the most expensive buildings in Ghodbunder Road.
| Buildings | Average Rental (Chargeable) INR/sf |
| Thane One | 93 |
| Orion Business Park | 85 |
| Tiffany | 81 |
| Lodha Supremus (Kolshet) | 79 |
Unique Features
The road, surrounded by lush green hills, rivers, and lakes, provides a relaxing and picturesque setting amid the busy cityscape. Ghodbunder Road derived its name from the terms “ghoda” (horse) and “bunder” (port), reflecting its history as a trading route during the Portuguese colonial era.
Rental Yields
The construction of sophisticated office complexes, commercial towers, and shopping malls along Ghodbunder Road has created a competitive market for commercial space. Your commercial property here can generate significant rental income. The availability of varied options enables you to negotiate higher rental prices, particularly for well-equipped and strategically situated properties.
Regarding recent leases, IDFC leased 52,042 sf at Quantum for Rs. 65 psf in February 2024.
Here are the top 5 tenants who have rented office spaces in Ghodbunder Road.
| Tenants | Average Rental (Chargeable) INR/sf |
| Accurate Background Business Processing India | 102 |
| OCS Group India | 93 |
| RDC Concrete India | 93 |
| Avantor Performance Materials India | 85 |
| Dystar India | 75 |
Recommended Commercial Properties in Ghodbunder Road
Ghodbunder Road is a top investment destination for commercial properties. Its prime location, easily accessible by highways and rails, makes it an excellent choice for businesses searching for well-connected and practical office space. Some of the highly recommended office spaces for lease/sale in Ghodbunder Road are Lodha Signet and Centaurus. Ghodbunder Road is expected to see 1,876,515 sf of office space next year, which will increase to 2,314,545 and 2,584,545 in the next consecutive years.
Whether you’re a broker, tenant, or landlord, FloorTap helps you find the best deals in commercial real estate.
