5 best reasons to invest in property in Thane

·October 11, 2024·Blog·6 min·
Property in Thane _Vihang

The days of Thane being referred to as Maharashtra’s “Satellite City” are long gone. It is presently blessed with excellent connectivity to the major parts of Mumbai. Here are a few of Thane’s most significant connectivity benefits when it comes to investing in property in Thane:

  • West Thane and neighboring areas of Mumbai are connected via National Highways 3 and 4.
  • With the planned launch of metro services, which will nearly cut the time it takes to get from Wadala to Thane in half, Thane City has a bright future.
  • The Thane-Dive Road and the Bhiwandi Bypass flyover are expected to transform Thane’s infrastructure significantly.
  • The metro-3 development projects will improve residents’ connectivity in the Kalyan and Mira-Bhayander areas.
  • Ghodbunder Road, which links to the Eastern and Western Express Highways, is a vital connectivity route in Thane.

Thane is already home to projects by reputed developers such as Godrej Properties, Hiranandani Constructions, Tata Housing, and Lodha Group.

5 top reasons to invest in property in Thane

Several new housing projects in Thane are capitalising on the availability of social infrastructure, business and commercial expansion, and of course, higher employment generation and possibilities in the area. The best reasons to invest in Thane are:

1- Presence of top Business Parks

  • Numerous IT Parks, business zones, and retail malls are emerging in Thane. This has drawn several real estate developers to construct projects and working professionals to shift to Thane.
  • The leading business parks in Thane include Lotus Park, Thane One Corporate Business Park, Sunrise Business Park, Reliable Tech Park, Odyssey IT Park etc.

2- Natural Surroundings

  • Thane has gorgeous natural scenery, green surroundings, and other attractions. It is referred to as the City of Lakes because it has 33 lakes.
  • Among the well-known locations in and near Thane are the beaches of Kelwa, Masuda Lake, Kanheri Caves, and Sanjay Gandhi Park.
  • Encircled by Yeoor Hills, the TMC Garden and the Ovalekar Wadi Butterfly Garden are naturalists’ paradises.
  • Quiet neighbourhoods to buy property in Thane West include Majiwada and Kolshet Road, the latter of which is among the best.

3- Infrastructure and Amenities

  • Thane has various facilities, including shopping centres, hospitals, schools, and entertainment centres.
  • These include Hiranandani Hospital, Jupiter Hospital, Rustomjee Cambridge International School, P. Shah Institute of Technology, R Mall, Viviana Mall, etc.
  • Families are choosing this city because of its emphasis on offering a high standard of living.

4- Affordability

  • The primary factor highlighting Thane’s residential market is affordability. The demand for upscale properties, such as Rust Rustomjee Uptown Urbania, Vihang Capital, etc., has also risen
  • Thane has grown from a small city to a well-developed metropolis. In recent years, families and homebuyers are choosing Thane because of its well-maintained roads, flyovers, and quick infrastructure development.

5- High ROI prospects

  • In Thane, things are evolving quickly. Thane has had an extraordinary rate of return on his real estate investments.
  • Often referred to as Mumbai’s twin sister, Thane has emerged as a significant real estate and investment destination in recent years.
  • Thane’s real estate price trends suggest a considerable price rise in several regions, with a 30% increase over the previous two years.

Top Residential Projects in Thane For Investors and Homebuyers

In Thane, leading projects are backed by reputed developers coupled with appropriate ongoing city infrastructure work, such as widening existing highways, the cluster policy, the TDR policy, and other beneficial government policies.

The best residential projects where you can invest are:

1- Vihang Capital of Thane

 This is one of the best projects by Vihang Group and comes with ultra-modern amenities. The project highlights are:

 State-of-the-art elevation

  • Exclusive and high-end experiences in each tower
  • Easy connectivity to Mumbai’s Central & Western Suburbs of Mumbai
  • Grand multi-storey clubhouse
  • Spacious & lavish banquet hall for your every celebration
Project RERA P51700034754 | P51700034145
Location Kasarvadavali, Thane
Typology 1 & 2 BHK

 2- Rust Rustomjee Uptown Urbania

The project highlights are:

  • 4,04,686+ sq.m of self-sufficient township
  • In addition to 32 premium amenities, the project offers views of Thane City and Yeoor Hills
  • Proximity to the business hubs in Powai, Vikhroli and Ghansoli
  • Located in proximity to the Eastern Express Highway and just 10 minutes from the station
Project RERA P51700032262, P51700032205
Location Majiwada, Mumbai Thane
Typology  2 & 3 BHK

Other best locations to invest in Residential Property in Thane

The following are a few of Thane’s most desired areas chosen by investors and homebuyers:

1- Ghodbunder Road

  • One of Thane’s most desirable sites is this route, which serves as a vital link and passes by several desirable areas, including Kavesar and Hiranandani Estate.
  • Acquiring real estate in these regions presents the potential for long-term, high rental returns.
  • The average cost of real estate in this area ranges from ₹8,800 to ₹11,000 per square foot.

2- Badlapur

  • Badlapur is a well-liked residential centre that is rapidly developing and boasting first-rate connectivity and infrastructure.
  • In addition, various affordable residential projects and luxury facilities are currently being developed.
  • The average cost of real estate in this area is ₹3,700 per square foot.

3- Manpada

  • This developing location will be of great value in the upcoming years. It’s a good location if you plan to invest in property in Thane, as various developments are ongoing in this region.
  • The cost of real estate in this area ranges from ₹11,000 to ₹20,000 per square foot.

4- Kolshet Road

  • It is one of the highly appreciative locations in Thane.  Because of its close proximity to the Eastern and Western Highways, it is an excellent place to invest in residential real estate.
  • Kolshet Road’s residential property values range from ₹9,800 to ₹17,600 per square foot.

Things to Consider Before Buying a Residential Property in Thane

If you’re buying a residential property in Thane, consider the following points to get the most out of your investment:

  • Security: Look out for properties that offer round-the-clock security, CCTV surveillance, and controlled entry and exit points, ensuring a well-planned, secure and safe living environment.
  • Maha RERA Verification: Choose RERA-registered properties for a safe investment that comes with timely completion and high-quality construction.
  • Connectivity & Accessibility: Choose properties in prime locations for easy and smooth connectivity. You will always be connected to major highways, expressways and roads for convenience and comfort.
  • Developers’ Reputation: Investing in projects developed by credible and trusted developers facilitates bank financing, ensures timely delivery, and follows RERA guidelines.
  • Social Infrastructure: Look for property in Thane near social hotspots such as schools, hospitals, malls, and play areas.

Which is better: Affordable or Luxury residential projects in Thane?

While planning to invest in residential projects like Vihang Capital of Thane or Uptown Urbania, you may ask whether you prefer Affordable or luxury projects. The table explains all the differences:

Affordable Projects Luxury Projects
Budget-friendly, economical, yet comfortable Expensive, lavish and come with extra comfort and prestige
Well-designed layouts to maximise space utilisation High-end interior finishes, designer finishes, and advanced home automation systems
Include essential amenities such as a clubhouse, parking space etc Premium Amenities such as spa facilities, concierge services, private theatres
Ideal for First-Time Buyers Privacy and Exclusivity

Conclusion

Thane’s varied selection of residential homes suits a broad range of tastes and price points. Whether you’re a first-time homebuyer seeking affordability, a family needing spacious living, or a luxury enthusiast looking for top amenities, Thane has a housing alternative to satisfy your residential dreams.

Several variables, including project features, property type, and location, affect the prices of Projects in Thane. The city is expected to continue gaining prominence as a commerce and housing centre.

Contact our team, and invest today in Thane’s promising real estate, and enjoy high returns on your investment.

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