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How Thane transformed into a stable market for the Mumbai real estate property?

August 11, 2016 | Author: | Posted in Business

In the state of Maharashtra, Thane is a small district in Konkan Division. Thane is the northernmost part of the lowlands of Konkan Maharashtra and is the third most industrialized district.

Thane Speciality:
It has an efficient infrastructure of wide roads, which connects the city to the suburbs west of the Ghodbunder road in just 30 minutes. Several flyovers facilitate connection from the Ghodbunder road to the Eastern highway that improves the station area traffic and made commute more hassle free.

Railway connectivity is also very good, because it takes only 45 minutes to reach the station VT. Well planned infrastructure coupled with the entire above factors make Thane an ideal place to live and work. For all these reasons, Thane has been favored location for residential and commercial properties.

Thane city is popularly known as the city of lakes. In recent years, Thane has a remarkable growth in the real estate market. If you are looking for a commercial office space or planning to purchase a residential property in Mumbai, then the city of Thane is the most desired option for investors.

Lush Yeoor hills and Ulhas River offer Thane long-term investors and those looking to buy a house, a chance to live in the middle of nature and yet enjoy all the modern conveniences of an urban lifestyle. Factors such as proximity to the Eastern and Western suburbs, the presence of construction project quality, well-planned infrastructure, improved to Mumbai from both road and rail connections and a huge variety of affordable housing options have helped Thane to become a stable real estate market in Mumbai.

With many buildings of renowned builders booming in the city, Thane meets the needs of all segments of buyers, from luxury apartments to high-end household budget. According to industry experts, the next two to three years is expected to remain stable prices.

Good time to invest in Thane properties:
The prospects for long-term investment are excellent as the city remains among the most affordable around Mumbai. Investments made now are definitely going to reap attractive returns in nearby future. While the real estate sector is booming and social infrastructure that has experienced great transformation, the city is expected to continue growing in the coming years. Township mega projects, renowned educational institutions, shopping malls and multiplexes, health centers and hospitals in various specialties contribute to the overall social infrastructure of the city.

Thane is rapidly growing as one of the development district in Mumbai, with global leaders in the IT sector, which aim to establish their business practices here. Business growth, especially in the IT sector along with the growing popularity of ‘walk to work’ concept is another reason for the increased demand for affordable housing segment. In addition, a lot of commercial development occurs in the vicinity of Airoli help to increase the city’s real estate industry.

Additional Resources:
Under Construction Projects, Resale Flats in Thane, Rent Property

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RealKonnect is a real estate portal that operates in Mumbai. Our objective is to help our prospects/clients find the dream property in Mumbai.

This author has published 12 articles so far.