Infrastructure push unlocks land in Thane, beyond

Thane’s development from a neglected corridor to a developing micro market is of interest to investors. Enhanced connectivity, development prospects, translating city development plans into reality, possible inclusion of some areas within the municipal corporation limits and affordability are some of the reasons that are drawing potential buyers to Thane.

Danish Bhagat, director, New Sky Infrarealty Marketing Pvt Ltd says, “With the Panvel-Bhimashankar-Chakan Highway, the distance between Mumbai to Karjat would be reduced by 21 km. As for the Neral-Badlapur Highway, commuters from Karjat to Khopoli or Pune would be benefitted. Meanwhile, Karjat also awaits a multi-disciplinary university, a project by a renowned business magnate.”

Affan Ansari, a local realtor in Thane informs, “Majiwada Junction Flyover facilitates cutting across the busiest routes of Thane. Strategically planned, commuters from Mumbai would have easy access to Kalyan. Similarly, this flyover which is already half operational, facilitates to and fro connectivity to Mumbai, Nashik and other areas where most economic drivers are.” So, whether you are working in Borivili, Malad or Mulund, the three flyovers planned here are getting developed in phases and assist travel.

Thane’s most active residential pocket is Ghodbunder Road catering to both commercial and residential development with many new projects under construction. Connectivity to Eastern and Western Express Highways in Mumbai has been a determinant.

At the foothills of the Sahyadris and close to Matheran is Neral. To add to the modest price of property here is the good climate of the region. “Matheran and areas close by have tourism potential and a lot of investors eye this area for a second home. The social fabric is decently sufficient to cater to the needs of the population,” says a local realtor.

Neral is also being touted as the ‘next Badlapur’ owing to the infrastructure development. Vikram Gadekar, owner, Sree Vriddhi Properties says, “While much of the development in Badlapur happened because of Ambernath and proximity to Thane, Neral is a close beneficiary owing to its proximity to Badlapur. Despite the fact that Vangani and Shelu are closer to Badlapur, infrastructure development is hinting at Neral as the next beneficiary.”

Neral is under Gram Panchayat but awaits inclusion within the corporation limits as local realtors anticipate Neral’s population to grow to afford the eligibility.

Titawala, under the Kalyan Dombivli Municipal Corporation (KDMC), is seeing rapid development owing to its tourism potential and the efforts of local authorities. RK Sonawane, Commissioner, KDMC says, “Efforts are in the right direction to make concretised roads, provide adequate water supply, monitor underground drainage and develop infrastructure.”

“As for West Kalyan, housing demand has been sizeable and the area is rapidly developing,” adds Sonawane.

KDMC’s City Development Plan (CDP) could also be an encouragement to prospective buyers. The CDP launched in the year 2007-08 lists the Towala lake renovation project in Titawala as well as the need to equip the area with better physical and social infrastructure as it is a religious tourism destination where pilgrims converge from all over Maharashtra. Water treatment plants, supply of potable water and underground drainage are also looked into.

Subhash Patil of Subhash Patil and Associates, consultant and co-ordinator, CDP, confirms, “All the projects highlighted in the CDP have either been completed or are in progress.”

Five years ago, Murbad and Shahapur’s real estate was stark different. Arun Pawar of Savvy Realtors and Investment Consultants, says that more developers launching their projects here, availability of clear title plots, region’s potential because of proximity to NH-3 as well as to the Delhi Mumbai Industrial Corridor (MIDC) is a clear hint of the progress.

This industrial area has four dams and is a major source of water supply to areas in Mumbai. Thus, it has been declared as a no-chemical zone, informs Pawar.

All the aforementioned areas have adequate water and electricity supply as well as basic social fabric. Consequently, the local workforce and investors from Mumbai and Pune are equally interested in properties here. Trend watchers believe that with rapid development, property prices may go up soon. Make the most of this time!

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