Thane’s Real Estate This is How Dominating West India
Everyone aspires to own a dream home in the backdrop of the Arabian Sea. But the nightmare begins with the soaring real estate prices in the city of dreams! As high as the waves in high tide.
But what if there’s a quaint, covertly evolving real estate market in the backdrop of Mumbai that’s dominating the residential real estate market in West India?
Thane—a strategically located suburb close to Mumbai, is the new address for real estate investors. The affordable pricing and a serene living environment make it a haven for investing in residential properties in Thane.
And the reason? It’s worth finding out!
A Brief Introduction to Thane’s Investment Potential
Often referred to as Mumbai’s twin city, Thane has rapidly transformed into a thriving metropolis in recent years. This has earned its widespread popularity among investors due to its tremendous potential for return on investment due to increasing demand.
Once, a quaint suburb, the city has today become a bustling urban center for its location, infrastructure, and affordability. The city’s proximity to Mumbai and Navi Mumbai, especially the business centres coupled with amazing connectivity via road, rail and metro makes ita highly attractive destination.
Affordability, location, ease of living, connectivity, and infrastructure—that’s what sets the city apart. Its a great choice for anyone looking to invest in 1 BHK and 2 BHK flats in Thane.
Who should you invest in Thane?
That’s a pretty simple question, and the answer could be summed up simply in a word—everyone!
However, the initial question that should be followed up is: Why should anyone invest in Thane?
As said, infrastructure, location, connectivity, affordability and quality of live do play a major role. But how? Below are a detailed overview on that.
- Location and connectivity
Being located on the outskirts of Mumbai gives the city a unique advantage to serve as the gateway of Maharashtra. Hence, the scope for residential and commercial development is on the higher side.
This is further supported by the amazing connectivity infrastructure. Roads, railways, and upcoming metro lines provide easy connectivity to Mumbai, Navi Mumbai, Pune and other key destinations. Eastern Express Highway and Ghodbunder Roads are the key developments, and properties like JP Codename Lottery in Thane will get high capital appreciation in the future due the infrastructure developments that are ongoing in the region.
- Growing Infrastructure & Investment
Evolving infrastructure and growing investment in Thane’s future is a boon to the city’s real estate. Thane Municipal Corporate (TMC) is actively participating in city development and providing better connectivity. Upcoming Metro lines 5 and 6 are all set to connect Thane with important business parts of Mumbai and will further make the city’s connectivity readily available, boosting the region’s real estate market.
Along with residential property in Thane, the city is also thriving with commercial properties. Many areas of Thane, like Ghodbunder Road, Majiwada, and Wagle Estate, are already brimming with commercial development.
- Affordable Housing & Quality of Life
When compared to Mumbai’s sky-high property rates, Thane’s real state looks like a charming option. It tends to provide a similar living experience without having made any compromise on the quality of life. A large segment of middle and upper-middle-class buyers looking for spacious apartments are moving towards Thane.
With a well-planned city landscape, the city has ample green space and recreational amenities. Yeoor Hills and Upvan Lakes provide a serene escape from the hustle-bustle of the concrete jungles. The city has a rapidly growing social infrastructure as well, promising a holistic experience for a population of all ages.
- Sustainable development and prospect for high ROI
Sustainable developments are the need of the hour, and Thane’s real estate is getting future ready making stride with eco-friendly real estate construction. The aim is to reduce the city’s carbon footprint. Rain water harvesting, waste and sewer management systems are incorporated in townships offering 1 BHK and 2 BHK Flats in Thane. It is setting a new benchmark for sustainability that investors can capitalise on in the future. This focus on sustainability attracts environmentally conscious buyers, boosting the city’s real estate market.
Investing in Thane’s real estate market means opening doors to infinite possibilities in terms of return on investment in the long term. Stable monthly rentals are a bonus in the short term since the city attracts young working professionals and students from Mumbai and nearby areas.
Conclusion
Thane’s real estate market is on a fast track mode. Strategic location, robust infrastructure, affordable pricing, and high quality of living are the major reasons.
As the city becomes more potent for development, prices of residential property in Thane will increase, making it a profitable venture for early investors.
Investing in under construction properties like JP Codename Lottery in Thane that are located in investment arc of the city will be a plus point. Ghodbunder Road, Majiwad, and Kolshet Road are major attraction for investors.
