Thane residential boom: Why now is a good time to invest!
One of the leading cities to attract people looking to invest in home purchases is Thane. A mix of nature, modern lifestyle and good connectivity has more and more people opting for property in Thane as the next big investment. Continue reading to know why now stands out as the best time to invest in residential property in Thane and get to know the easy reasons behind it!
- Fast Development and Better Roads
Thane is growing at a good pace, especially in terms of its roads and public transportation. The new highways like the Eastern Express Highway and the Mumbai-Nashik Highway make travel between Thane and Mumbai so effortless. A metro line from Thane to Wadala, and then to the rest of Mumbai, is under construction, which will make travelling even quicker and easier.
With this, people are being attracted towards buying houses in Thane. Since it is not tiring and exhausting to travel to work in Mumbai, living in residential projects in Thane has become so accessible that this is one of the reasons many investors have invested in the city.
- Booming Real Estate Market
Real estate in Thane is booming as established developers are bringing their best projects in Thane with top-notch facilities. There is plenty of choice available for everyone from luxury apartments to more affordable homes. Be it cozy flats or high-rise buildings with modern facilities, everything is offered by Thane.
Great features like fitness centers, swimming pools, and green gardens can be found in many residential projects in Thane. Furthermore, several projects focus on smart homes and eco-friendly designs to make Thane a wonderful place for residence.
- Abundance of Green Spaces and Natural Beauty
One of the special features of Thane is its green surroundings. Contrasted with the hustling life of Mumbai, Thane is entitled to a peaceful environment containing a lot of greenery, lakes, and hills. All of these have served as notable spots where people can enjoy nature without leaving the city boundaries.
These green spaces make living in the residential property of Thane feel peacefully relaxed, and hence many families and people who are looking for a quiet life are settling here.
- More Reasonable Than Mumbai
Owning a home in Mumbai is extremely costlier, while property in Thane is relatively less expensive. Here you can obtain a spacious apartment at far lower costs than a similar one at the center of Mumbai. That is why most first-time homebuyers, working professionals and middle-income families prefer buying homes in Thane.
So, with low interest rates for home loans and great financing options, now could be a good time to invest in residential property in Thane.
- High Demand for Rentals
High demand for rentals exists as well since Thane is being developed as a city that has growing business hubs along with good infrastructure and a comfortable lifestyle. Such growth puts the city in high demand for rental homes. Many people employed in Mumbai opt for renting apartments in Thane because it is affordable and serves to bring them a better quality of life.
If you’re investing in real estate, then this high rental demand means that you can earn good returns with the rental income of your property in Thane. Investors can gain from the rental income as well as the long-term price appreciation.
- Nearby to job hubs and offices
It’s one of the closest places to important work areas like Powai, Vikhroli, and Mulund. So, for working professionals who have to commute, it is a good location. Nowadays, many companies and IT offices are set up in and around Thane; the job opportunities here are more than ever before.
Living in a residential project in Thane means you get the best of both worlds-you are close to work, yet still live in a more peaceful and spacious environment. Also, the well-planned roads of Thane will allow you to travel easily to other business centers like Navi Mumbai.
- Government Support and Future Growth
There are various policies the government has put in place, which cause Thane’s real estate market to grow and flourish. The RERA (Real Estate Regulatory Authority) Act offers what buyers or investors pay for, with more transparency and the timely completion of projects.
This is part of the Smart Cities Mission, which Thane is a part of, where the Government is focused on upgrading to a much more significant place for living with better and more modern facilities and services. Therefore, this puts Thane way above other cities in offers potential for future growth, making it a smart choice to invest in now.
The Bottom Line
It has everything that one might look for in a proper city i.e., good connectivity, affordable homes, green spaces, and growing job opportunities. With many Real Estate Projects in Thane, it is an apt time to invest in residential property here. Whether you buy the home as an investment or for your family to move into, Thane’s booming real estate market leaves you with so much potential.
