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Mar 2018

What makes Thane an attractive realty market?

What makes Thane an attractive realty market?

Strong connectivity, as well as the flourishing economy, has actually been the growth drivers for Thane realty market. Now, the city will soon make the lives of the inhabitants easier as Thane Municipal Corporation has launched the mobile application ‘Digi Thane’ through which the citizens can access the services of Thane Municipal Corporation.

Thane is certainly set to witness such developments for giving a world-class living experience for the residents. The application was actually launched at the event attended by leader Shiv Sena Aaditya Thackeray, district guardian minister Eknath Shinde, and Mayor of Israel city Tel Aviv Ron Huldai. Tel Aviv is giving technological assistance for Thane as the upcoming smart city.

With the development that makes the city smarter, the demand for residential properties and office space that have been rise will furthermore accelerate.

Today, Thane fulfills expectations of the homebuyers of all categories with wide-ranging options of the housing properties. The investors do look-up to the thriving marketplace for the securing healthy returns.

Here are more insights and updates about Thane Realty Market-

What will home buyers find in Thane?

Although the affordability is a theme that highlights the housing market of Thane, the demand for the premium housing has seen up the uptick in present years. Integrated townships, as well as the high-rises, are increasing in the numbers. Thus, it isn’t just home buyers of Mumbai in the search of spacious homes who have found the alternative destination in Thane but leading information technology organizations have certainly shifted the base to the location.

Thane is divided into two sections- thane west which is relatively affordable and Thane east. Leading builders of the realty industry, Lodha Group, Godrej Properties, Tata Housing as well as Hiranandani Constructions- to name a few, have already launched their projects in Thane. The average rates of property are-

• 10,400 per square feet in Thane West
• 14,700 per square feet in Thane East

Thane-Ghodbunder Road area is a coveted hub for both the luxury properties and budget homes. Other prime localities to invest in Thane are Majiwada, Kolshet Road, Kasarvadavali, and Kopri. With the upcoming metro link, rates are expected to increase in the future.

The connectivity and the infrastructure

Thane has numerous location advantages. It is actually linked to Mumbai through Eastern Express Highway as well as the Eastern Freeway to Navi Mumbai through Thane-Belapur Road to western and central suburbs through Ghodbunder Road and areas in Gujarat through Mumbai-Ahmedabad Highway.

Flanked by the hills, Thane is the tourist spot as it houses numerous lakes, temples and Sanjay Gandhi National park. Furthermore, access to the finest social infrastructural facilities is the prime benefit of residing in Thane, apart from being close to nature. Indian Institute of Technology Bombay in Powai is somewhat 20 kilometers away. Also, there are reputed hypermarkets, schools, shopping malls, hospitals, ATMs, bank branches and ample entertainment options.

The increase of flyovers, wide roads and highways has changed the image of the city Thane as the modern agglomeration. Also, the proposed 32-kilometer metro link from Wadala to Kasarvadavali will ease the commuting the experience for inhabitants in Thane. Arterial roads such as Pokhran Road and Ghodbunder Road offer the road access to the neighboring localities

Thane was the prime city to receive the railway link in India. Excellent connectivity is given by the Central as well as the Trans-Harbor Line Suburban railway networks.


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