90% of Projects on Ghodbundar Road Thane illegal

ghodbundarroadBy Accommodation Times News Services

Biggest forest in Thane district at Ghodbundar road which is 25 kms fro Thane station and 18 kms from Miraroad on western side of far flunge extended suburbs is rapidly converted into illegal concrete jungle. Majority of projects are having land related issues. Many developers who are taking pre launch are not allowing customers to visit the project. They want to sell the project only on paper. Brokers are been mobilised to fool the customers to sell such illegal projects on paper. Huge publicity and glossy picture are planned in newspaper campaigns.

Majority of projects are illegal since they either are on forest land or there are dispute in land ownership. Besides this there a huge flactuation in electricity and power cuts are seen very often. Because of this the property rates have fallen to Rs.3800/- to Rs4200/- for ready flats. Huge supply will make these price stagnated for next ten years hence Investment also not advisable.

Photo Courtesy : Thanephotos.blogspot

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