Satellite City Or More – How Thane’s Real Estate Is Making Waves
Once considered a distant suburb of Mumbai, Thane has evolved beyond what was in its destiny.
The city’s transformation from a mere satellite city to a bustling residential and commercial hub is a case study in itself.
With its strategic location, excellent connectivity, and a variety of real estate options, Thane’s real estate market is flourishing. Whether you’re a potential investor or a homebuyer, the city offers a unique blend of property options.
But it’s important to ponder why residential properties in Thane are making records and how you can make the most of it as an investor.
Why Is Thane’s Real Estate Booming?
Several factors have contributed to Thane’s rise as a real estate hotspot:
- Strategic Location
Thane’s connectivity with Mumbai by the Eastern Express Highway and on the Central Railway line makes it a preferred residence for those working in Mumbai but seeking affordable housing.
- Diverse Property Types
Thane’s real estate covers everything from 3 BHK apartments to builder floors and 1 BHK home for residents to luxurious apartments and affordable housing apartments Thane.
- Property Rates
Today, Thane has developed certain pockets as affordable housing while areas like Hiranandani Estate and Manpada can afford class housing, often at a higher price than the rest of Mumbai. While Thane and Teen Haat are packed with budget accommodations, plan-approved Ghodbunder Road offers mid-segregated lodgings for early-career individuals and families.
Latest real estate trends in Thane
Thane’s real estate market has experienced consistent growth over the years, and current trends indicate further expansion:
- Steady Growth in Property Rates:
Property prices in Thane is steadily rising and has shown constant price increase in the last few quarters. The major reason for is increasing demand from both the homebuyers and the investors who are shifting from Mumbai skyrocketing market to more affordable areas like Thane.
- Infrastructure Development:
Thane continues to experience infrastructure development ranging from roads to planned metros to improve the prospects of the real estate market.
Thane is witnessing continuous infrastructure upgrades, from road improvements to upcoming metro projects, which are expected to further boost its appeal as a real estate destination.
Top Projects to Watch in Thane’s Real Estate Market
Thane is home to several high-profile residential developments that offer premium living standards with modern amenities:
- Runwal Enchanted: Located in Balkum, this massive 25-acre project offers 70+ amenities, including parks, sports facilities, and high-rise towers. Its strategic location near major highways makes it a popular choice.
- Raymond Ten X Habitat: Situated on Pokhran Road, this project by Raymond Realty spans 14 acres and offers high-rise towers with amenities like a butterfly garden and a multi-level swimming pool.
- Rustomjee Uptown: Known for its quality construction, Rustomjee Uptown in Majiwada offers 3 BHK flats in Thane with extensive amenities such as landscaped gardens and sports facilities.
- Urbania by Shapoorji: This luxury residential project in Thane West features 2 and 3 BHK flats and world-class amenities like a gym, swimming pool, and landscaped gardens.
- Kalpataru Paramount: Located in Ghodbunder Road, Kalpataru Paramount is known for its excellent connectivity and modern amenities like a clubhouse and sports facilities, making it one of the top properties in Thane.
The Future of Thane’s Real Estate Market
Thane is likely to continue with the growth in real estate as new infrastructure is set up throughout the city. Officials have noticed an increasing trend of more investments in the area due to the development of the region from a suburban city to an independent city and more on residential property in Thane. Current activities like the proposed metro line and the expansion of, for instance, the Eastern Express Highway will continue to improve the connection, therefore increasing the demand.
Through the years, Thane’s real estate, consisting of residential, commercial, and industrial segments, has made it a most desirable economic region. Through more companies setting up their offices here, the need for decent housing will only continue to rise. In regard to new homebuyers, the message it delivers is an expectation of continual increase in the value of their properties, while to investors, it means long-term returns on investment.
The Growing Micro-Markets in Thane
The growth of Thane is not restricted among city centers only. Micro-market along Ghodbunder Road, Manpada & Majiwada in particular hold great potential.
The reason?
Ready connectivity, affordable housing stock & is in the early stages of its social and infrastructure development.
Higher price hikes are expected to be observed in these areas in the near future.
Real estate of Thane will continue to make waves as the city gradually transitions from being a satellite city to a fully developed city. From a financial point of view, the city is not only affordable but also has the possibility for the further increase in price, which makes it profitable to buy a house for live-in and for investment.
The Final Verdict
Thane’s rise as a thriving real estate market is driven by many factors. It is strategically located, has an excellent variety of housing starts, and also boasts a strong foundation. From spacious 3 BHK flats in Thane to affordable homes, the city promises impressive returns on investments no matter what property type you are investing in.
