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Pokhran Road, located in the Thane district of Maharashtra, is an emerging locality within the Mumbai Metropolitan Region (MMR). It offers a well-balanced blend of residential and commercial developments, making it a desirable place for various demographics. The area boasts an array of housing options, from affordable apartments to more upscale residences, accommodating a diverse population.
With ongoing infrastructure enhancements, including educational institutions, healthcare facilities, shopping centres, and recreational amenities, Pokhran Road is witnessing steady growth. It enjoys convenient access through the Eastern Express Highway and proximity to major hubs like Thane and Mulund, making it an attractive choice for both residents and businesses.
During the month of October, there were 21 transactions in the Pokhran Road locality. Out of these, 10 involved the direct purchase of flats from the builder, while the remaining 11 transactions were of a resale nature. Tata Housing Serein saw the highest amount of activity in October by registering 8 sale transactions. This was followed by Raymond The Address and Garden Enclave who registered 3 deals each. Devdaya Nagar CHS registered 2 deals and there were 1 deal each in the other 6 buildings. The attractiveness of Pokhran Road can be gauged by the presence of well-established builders such as Tata Housing, Hiranandani Group, Raymond Group, etc.
Raymond The Address (GS West One Park) bags the top spot for selling the most expensive flat for the month for a total sale value of Rs. 3.15 Crores. While on the other hand, Shree Laxmi Park Phase 1 was the most affordable option in Pokhran Road with a sale value of about Rs. 50 Lakhs.
It is quite diversified in terms of carpet area as families are looking for bigger homes as 62% of the flats were above 500 square feet. In terms of Carpet Area the largest carpet area of 1,396 square feet was sold in Raymond The Address and the smallest Carpet Area was sold in Raunak Residency measuring only 335 square feet. However the average carpet area hovered around 700 square feet. In the range of 1-500 square feet carpet area 8 flats were sold, 9 flats were in the range of 500-1000 square feet and 4 flats were between the 1,000-1,500 square feet mark. This goes to show the diverse population and requirements of families deciding to purchase flats in Pokhran Road.
Pokhran Road has diverse housing options which can be a great advantage for people with new families who are looking to purchase a new home. The most expensive rate per square foot for Pokhran Road was in Tata Housing Serein where it was Rs. 26,109 and the least expensive rate per square foot was registered in Laxmi Park Phase 1 for Rs. 11,741. The average rate per square foot for the locality is about Rs. 20,000 which is testament of the locality maturing and demonstrating steady growth. About 60% of the flats sold this month were above the Rs.1 Crore mark and 40% of the flats sold were below Rs. 1 Crore.
Pokhran Road, nestled within the vibrant Mumbai Metropolitan Region, stands as a promising locality with a balanced mix of residential and commercial developments. The month of October witnessed substantial real estate activity, reflecting the area's appeal to a diverse demographic. Notably, renowned builders like Tata Housing and Hiranandani Group have left their mark on this locality. With a variety of options ranging from upscale residences to affordable apartments, Pokhran Road caters to a broad spectrum of homebuyers. This diversity, coupled with ongoing infrastructure improvements and proximity to key hubs, signifies its potential for both residents and businesses. As property values soar and the locality matures, Pokhran Road is an emerging destination in the ever-evolving landscape of Mumbai real estate.
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