Overview of Shahapur, Thane

Shahapur, nestled in the Thane district of Maharashtra, has become an emerging residential area attracting many investors, realtors, and potential residents.

Location and Connectivity

• This locality is roughly 73 km from Mumbai along the Eastern Express Highway, Mumbai-Agra National Highway, and NH-160.
• It also stays close to Chhatrapati Shivaji Maharaj International Airport, about 80 km away via NH-160.
• Local transportation consists of two railway stations, Asangaon and Atgaon, and five additional stations which connect to different state locations. The Shahapur bus station is the primary hub for buses.

Real Estate Trends

• For flats in Shahapur, the average rate is Rs 4,296 per square foot, and for independent houses, it’s around Rs 4,062 per square foot.
• Residential options vary from 1, 2, and 3-BHK flats to standalone homes:
  • A 1 BHK flat (250-600 sq ft) typically costs from Rs 10-20 lakh.
  • A 2 BHK flat (750-2,000 sq ft) usually ranges from Rs 25-40 lakh.
  • For 3 BHK homes (2,500-6,000 sq ft), prices can go up to Rs 1 crore.

Amenities and Infrastructure

• Shahapur features modern apartments with amenities including community halls, fitness centers, swimming pools, lush gardens, and jogging paths.
• Social facilities here include schools like GV Khade Vidyalaya, Zilla Parishad School, and Dr. Shivajirao S Jondhle International School.
• Major hospitals are also present including Prakruti Maternity and General Hospital, Deep Smruti Nursing Home, and Anurag Multispecialty Hospital.
• Popular shopping spots are Metro Junction Mall and Kabadi Plaza.

Employment and Economic Hubs

• This area is near major industrial zones, including the Igatpuri-Nashik-Sinnar Investment Region (INSIR), about 40 km away.
• Other significant industries here include Jindal Steel, Liberty Oil, and Oswal Industrial Estates.
• Tourism is popular due to places like Mahuli Fort, Aajoba Parvat, and Manas Mandir.

Tourism and Natural Attractions

• Surrounded by the Western Ghats, Shahapur is surrounded by natural beauty. Notable nearby dams include Bhatsa, Tansa, Modak Sagar, and Vaitarna, which supply nearly 2,900 mega liters of water to Mumbai daily.
• It has been designated a “No Chemical Zone” by the Maharashtra government.
• Other tourist spots include the Kohoj Fort, Tansa Wildlife Sanctuary, and Mahuli Fort.

Future Development

• A new 8-lane motorway linking Mumbai and Nashik is being built, which will increase the area’s connectivity further.
• Real estate development is happening fast with several new projects emerging often. Royale City and Enrich Eva are some of the upcoming residences.

Rental Market

• Monthly rental prices here are appealing:
  • A 1 BHK house usually costs around Rs 8,000.
  • A 2 BHK homes can range from Rs 9,000 to ₹20,000 per month.

PropertyWala's Conclusion

Shahapur, Thane, holds a lot of promise for buyers and renters thanks to its great location, growing infrastructure, and potential for price increases. The natural beauty, tourist spots, and growing industrial and residential developments make it very attractive. It's important to note that while the social area is getting better, it's still slower than all the industrial and real estate growth. Despite this, continuing investment returns and its potential to become a big residential hub make it a smart choice.