Dosti Greater Thane
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9 insights shared by the community.
What residents appreciate the most
Despite current challenges, the project is seen by some as a worthwhile long-term investment, particularly for those prepared for a 10-year waiting period for the area to fully develop. Its strategic location is highlighted by the proposed Kalher Metro Station directly outside the project, proximity to the Virar-Alibaug Multi-Modal Corridor, and reasonable travel times to Majiwada and Bhiwandi Station. The development also includes a proposed ICSE Dosti Foundation School and a 6-floor grand clubhouse, enhancing its future appeal.
The area is considered a better option compared to other distant localities due to the upcoming metro project and waterway, making it a promising investment.
Key benefits include a proposed Kalher Metro Station outside the project, close proximity to the Virar-Alibaug Multi-Modal Corridor, and travel times of 2 minutes to Metro Line 5, 4 minutes to Kasheli Toll, 9 minutes to Majiwada, and 8 minutes to Bhiwandi Station.
The project boasts a proposed ICSE Dosti Foundation School and a 6-floor Grand Clubhouse, with Thane Station accessible in 20 minutes.
It is worth investing if one is willing to wait at least 10 years for the area to develop, with expectations of significant price appreciation and rental yields in the future.
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Designed by a renowned architect, the project emphasizes a harmonious balance between nature and modern living. It features extensive green open spaces, comprising 70% of the area, and includes over 1100 trees, aiming to create an eco-friendly and serene environment. The development is also advertised with a comprehensive suite of "40+ amenities" and a "6-floor Grand Clubhouse," promising a rich lifestyle experience for residents.
It is promoted with 'all amenities' and boasts '40+ amenities' for residents.
The project offers a 'modern design' and includes a '6 Floor Grand Clubhouse'.
The project layout, designed by a renowned architect, aims for a balance between nature and lifestyle, featuring 70% green open spaces and over 1100 trees.
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The initial launch of Dosti Greater Thane – Phase 1 garnered an exceptional market response, recording over 20,000 enquiries, 15,000 walk-ins, and a remarkable 1,750+ bookings. This strong performance indicates high market interest and demand for the project. Additionally, the developer has engaged a prominent celebrity as a brand ambassador, which further boosts its market visibility and perceived credibility.
A prominent celebrity has partnered with the developer as a brand ambassador for the project, enhancing its market presence.
It secured the first position in sales transactions, highlighting strong demand for its well-planned offerings.
The project received a 'thunderous and ground-breaking response' during its Phase 1 launch, with over 20,000 enquiries and 1,750+ bookings.
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The project is marketed as offering "Mumbai's cheapest home" and "Affordable Luxury," providing a relatively low entry barrier for property ownership in the Mumbai Metropolitan Region. With 1 BHK apartments starting from approximately 32.90 lakhs and 1-2 BHK units priced between 36-69 lakhs, it caters to buyers seeking budget-friendly options, making homeownership more accessible compared to other premium locations in Mumbai and Thane.
The 1-2 BHK units are available in the 36-69 lakh range, offering a modern design at a budget-friendly price point.
The project is considered a budget-friendly option for homeownership, especially when compared to other areas.
The project is advertised as offering 'Mumbai ka Sabse Sasta Ghar' (Mumbai's cheapest home) with all amenities.
It provides 'Affordable Luxury' with 1 BHK apartments (339 sq.ft.) starting from 32.90 lakhs.
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Where residents want improvements
The project is marketed as "Dosti Greater Thane," but its actual location is Kalher, which is perceived as being far from Thane city and closer to Bhiwandi. This naming convention is widely criticized as a marketing gimmick to inflate property values for an area considered less desirable or developed. Many residents and potential buyers feel it's an attempt to capitalize on Thane's reputation while selling properties in a more remote, less connected region.
The actual location is Kalher or Bhiwandi, not Thane.
The project is described as 'Greater Thane, greatest fraud,' with concerns about people being fooled by developers.
There's a call to petition authorities to clarify that 'Upper Thane' is Bhiwandi, not Thane, and to penalize those who misrepresent the location.
The developer's use of terms like “Greater Thane” is offensive to those from Thane, as it attempts to glorify areas like Kalher, Kasheli, and Bhiwandi.
The project is just a bridge away from Bhiwandi, and the area needs massive development.
It's just a marketing scam, and it's advisable not to buy properties in such areas.
The developer is selling condos for an area they named “Greater Thane” but in reality it’s Kalher, setting prices over 11,000 INR/sq.ft.
'Greater Thane' and 'Upper Thane' are merely marketing terms, not reflective of the actual location.
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The project's location in Kalher is prone to severe waterlogging during the monsoon season, with reports indicating areas being "half filled with rainwater." Visual content (likely a video) depicting extensive water accumulation has led to numerous sarcastic comments comparing the flooded areas to various beverages and soups, highlighting the extent of the problem and the inconvenience it causes residents.
The waterlogging is so severe it's sarcastically referred to as 'forbidden soup' or 'unlimited Nimbu Paani'.
The situation is likened to 'Jaljira already added' or 'Hot and sour soup,' emphasizing the murky and unappealing nature of the accumulated water.
The locality is half filled with rainwater during monsoon, raising concerns about the investment being a major scam.
The municipality is humorously described as providing 'free unlimited clear soup' for residents.
The water is described as 'boring water, used for flushing,' suggesting its unsuitability for any other purpose.
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The apartments, particularly 1 BHK and 2 BHK units, are criticized for having extremely small carpet areas (e.g., 339 sq.ft. for 1 BHK and 450 sq.ft. for 2 BHK). Despite these compact sizes, the pricing is considered arbitrary and excessively high, with rates exceeding 11,000 INR/sq.ft. for a location perceived to have much lower intrinsic value. This leads to a perception of overpricing and a poor value proposition for potential buyers, with some comparing the small units to 'multistory chawls.'
The developer is selling the smallest possible condos at arbitrary rates for an area they named “Greater Thane,” setting prices over 11,000 INR/sq.ft. for 1 BHK (339 sq.ft.) and 2 BHK (450 sq.ft.) units.
While aiming for affordable housing, the developer made it expensive in terms of carpet area; a flat advertised as 750 sq.ft. was barely 280 sq.ft. upon visit, indicating a significant discrepancy.
The pricing is considered highway robbery for the small carpet areas offered.
A 2 BHK of 450 sq ft is ridiculously small.
The small options come with a higher price tag for an area that doesn’t justify the amount, with an asking price of 11,000+ INR/sq.ft. when 4,500 INR/sq.ft. would be more than enough.
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There is significant skepticism regarding the potential for good rental returns or substantial appreciation in property value in the "Greater Thane" area. Some market observers suggest that investing in commercial warehousing in Bhiwandi might offer a better rental yield than residential properties in this specific location, indicating a lack of confidence in the residential investment prospects and overall value growth.
It makes more sense to invest in areas with a rental yield of 3-5%, as the project area is expected to have a lower value.
Residential property in India is generally not expected to give good rental yield.
Investing in warehousing in Greater Thane (Bhiwandi) is suggested for a better rental yield, implying residential properties are not ideal for investment returns.
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Customers have reported significant delays and a lack of proper communication when requesting refunds for cancellations related to the project. One specific instance details a two-month delay for a 20,000 INR advance payment, despite initial assurances of a week-long processing time, leading to frustration and a perception of unresponsiveness from the developer.
The developer confirmed that a refund is 'under process' after multiple follow-ups, indicating a prolonged resolution time for cancellation requests.
A request for cancellation for the project was made, and an advance of 20,000 INR was paid, but after two months, there has been no proper response regarding the refund, despite being told it would be processed in a week.
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