Thane has emerged as one of the most attractive regions for investment in the Mumbai Metropolitan Region (MMR) due to its fast growing infrastructure, excellent connectivity and thriving commercial and residential activity.
Thane caters to the spill-over demand from the mid-income segment and research suggests that almost half of the supply is concentrated in this sought-after segment. That the market is crawling is certain, the few buyers being those who had to buy a house without deferring their decision. For the other get, waiting and watchful, Budget 2016, the Thane metro, housing Stock in an affordable range are reasons that should be a push.
WHAT COULD WORK WELL?
Transit-oriented development has seemingly worked well. Take the example of Delhi and Mumbai. Property values saw a rise just over a span of three to four years. As soon as the Versova-Andheri-Ghatkopar metro line was announced in Mumbai, residential and commercial markets witnessed a flurry of action pushing up values by a few thousands per sq ft over a few years. Not only that, it did give a boost to live ability in and around the area. Once a neglected suburb of Mumbai, Thane today, could replicate the success story of any Indian transit-oriented corridor if the metro project falls in place. Residential availability statistics show that almost half the housing stock in Thane falls in the Rs 5,000-9,000 per sq ft price bracket. If you are seeking a premium lifestyle, some of Thane's favourable locations like Kolshet Road, Thane east and west, Majiwada and Vasant Vihar offer homes in the price bracket of Rs 9,000-12,000 per sq ft. Premium locations in fact witnessed higher increase in prices, primarily due to new launches.
Transit-oriented development has seemingly worked well. Take the example of Delhi and Mumbai. Property values saw a rise just over a span of three to four years. As soon as the Versova-Andheri-Ghatkopar metro line was announced in Mumbai, residential and commercial markets witnessed a flurry of action pushing up values by a few thousands per sq ft over a few years. Not only that, it did give a boost to live ability in and around the area. Once a neglected suburb of Mumbai, Thane today, could replicate the success story of any Indian transit-oriented corridor if the metro project falls in place. Residential availability statistics show that almost half the housing stock in Thane falls in the Rs 5,000-9,000 per sq ft price bracket. If you are seeking a premium lifestyle, some of Thane's favourable locations like Kolshet Road, Thane east and west, Majiwada and Vasant Vihar offer homes in the price bracket of Rs 9,000-12,000 per sq ft. Premium locations in fact witnessed higher increase in prices, primarily due to new launches.
WHERE SHOULD YOU INVEST?
Badlapur, Ambernath, Dombivili east, Kalyan west, Ghodbunder Road, Kalwa, Thane east, Kolshet Road, Thane west, Majiwada and Vasant Vihar are the top choices. In Badlapur, while the starting price for 1-BHK units is Rs 10 lakh, larger configuration properties are within Rs 50 lakh. However, with a strong presence of both, local and established developers in the area, prices vary from one brand to another, depending upon the size and amenities provided. Sizes vary from 300 to 1500 sq ft and prices are in the range of Rs 2,600-3,500 per sq ft. In Majiwada, integrated townships, independent buildings and other types of properties are being developed. The data with Magicbricks snows that ready-to-move in units with varied amenities cost Rs 8,000-11,000 per sq ft. Residential projects in Ghodbunder are more planned than otherwise seen in Thane. Several schools, hospitals, banks, shopping malls and departmental stores are available in the area. Various amusement parks, stadiums and gardens have come up in the locality too. Some retail, commercial and institutional projects are also in the pipeline. Easy connectivity is the reason why the service class people are choosing the area. They can commute easily to their offices. Herein, properties are in the range of Rs 6,500 to 8,500 per sq ft.
Badlapur, Ambernath, Dombivili east, Kalyan west, Ghodbunder Road, Kalwa, Thane east, Kolshet Road, Thane west, Majiwada and Vasant Vihar are the top choices. In Badlapur, while the starting price for 1-BHK units is Rs 10 lakh, larger configuration properties are within Rs 50 lakh. However, with a strong presence of both, local and established developers in the area, prices vary from one brand to another, depending upon the size and amenities provided. Sizes vary from 300 to 1500 sq ft and prices are in the range of Rs 2,600-3,500 per sq ft. In Majiwada, integrated townships, independent buildings and other types of properties are being developed. The data with Magicbricks snows that ready-to-move in units with varied amenities cost Rs 8,000-11,000 per sq ft. Residential projects in Ghodbunder are more planned than otherwise seen in Thane. Several schools, hospitals, banks, shopping malls and departmental stores are available in the area. Various amusement parks, stadiums and gardens have come up in the locality too. Some retail, commercial and institutional projects are also in the pipeline. Easy connectivity is the reason why the service class people are choosing the area. They can commute easily to their offices. Herein, properties are in the range of Rs 6,500 to 8,500 per sq ft.
On an average, ready-to-move in properties command a premium. This was because of the risk associated with investing in underconstruction properties that may be a little less taxing on your budget. If you are looking at Thane, this may be the best time to buy.
To Buy Property in Thane or Know More about Builders and Developers in Thane Contact Us at 022 2580 6868
Contact
501, 5th Floor, Plot No – A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) – 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
501, 5th Floor, Plot No – A-123/4,
Odyssey IT Park, Road No. 9,Wagle Estate
Thane (W) – 400 604, Maharashtra, India
Mobile : (+91) 9833 4583 23 E-mail: mchithane@gmail.com
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