What makes Thane a lucrative investment option?
Thane has stronger connectivity and a flourishing economy which have been the increasing growth for Thane realty market. The city will make lives of housing easier as Thane Municipal Corporation has launched Digi Thane, mobile application through which the citizens can conveniently access services of the Thane Municipal Corporation. Thane is all set to witness such developments for giving world-class living experience for its inhabitants.
With the development of Digi Thane makes the city smarter, the demand for residential properties and office space that have been on the rise will further accelerate. Presently, Thane fulfills the expectations of the home buyers of all categories with wider-ranging options of housing properties. The investors look up to thriving the marketplace for securing the healthy returns.
Here is an update on the Thane Real Estate Market-
What will home buyers find in Thane?
Although affordability is a theme that highlights the housing market of Thane, the demand for premium residents has also seen an uptick in the recent years. The integrated townships, as well as the high-rises, are increasing in number. Therefore, it isn’t the home buyers of Mumbai in search of spacious homes who actually have found an alternative destination in the city, Thane, but also leading the information technology organizations have shifted their base to the location.
The city of Thane is segregated into 2 sectors- Thane east and relatively affordable Thane west. Leading developers of the realty industry have launched the projects in the city. The average property rates are- 14,700 per square feet in Thane East and 10,400 per square feet in Thane West.
Thane-Ghodbunder Road region is the coveted hub for both luxury properties and budget homes. Other noticeable localities to invest in Thane include Majiwada, Kolshet Road, Kasarvadavali, and Kopri. Prices are expected to increase in the near future with the upcoming Metro link.
The connectivity and infrastructure
Thane has numerous location advantages. It is linked to Mumbai through Eastern Express Highway and Eastern Free, to Navi Mumbai through Thane-Belapur Road, central and western suburbs through Ghodbunder Road to regions in Gujarat through Mumbai-Ahmedabad Highway.
Thane is also a tourist spot as it houses numerous lakes, temples and Sanjay Gandhi National Park. Furthermore, access to the finest social infrastructural features and facilities in the prime advantage of living in the city like Thane apart from being pretty close to nature. It is just 20 kilometers from Indian Institute of Technology Bombay in Powai. In addition to this, there are renowned hypermarkets, schools, shopping malls, hospitals, bank branches, and ample entertainment options.
The growth of highways, flyovers and wide roads has actually changed the image of Thane as the urban agglomeration. Also, the proposed 32 kilometer Metro link to Kasarvadavali from Wadala will furthermore ease the commuting experience for the inhabitants of Thane. Arterial roads such as Pokhran Road and Ghodbunder Road offer road access to the neighboring localities.
Thane was the prime city to get railway link in India. Excellent connectivity is given by central ad Trans-Harbor Line Suburban railway network.