With a slew of new projects, robust
connectivity and social infrastructure, Thane has emerged as a hot
investment destination among home-buyers.
Consistent buyer demand for properties in Thane
has been well-received by the developer community, who have launched a
number of new projects in the region. In the last two decades, this
suburban region has transformed very rapidly and is now dominated by
high-rise buildings.
MAKING A PROPERTY INVESTMENT:
Shirin Sudhakar acquired a ready-to-move-in 2-BHK house for an all-inclusive cost of around Rs 22 lakh last year. Having paid back the bank loan taken to fund this acquisition in 2010, Shirin decided to in-vest around Rs 80 lakh in another 2.5 BHK apartment in Thane near the Eastern Ex-press Highway.
Shirin Sudhakar acquired a ready-to-move-in 2-BHK house for an all-inclusive cost of around Rs 22 lakh last year. Having paid back the bank loan taken to fund this acquisition in 2010, Shirin decided to in-vest around Rs 80 lakh in another 2.5 BHK apartment in Thane near the Eastern Ex-press Highway.
Thane has both, affordable and luxury housing units
to offer, thus diversifying the options for buyers. Due to the
infra-structure development, the area boasts of the best residential
townships, hospitals, schools and social infrastructure, thus making it
one of the fastest developing districts for affordable, premium and luxury housing.
Moreover, the increasing cost of construction and
continuous demand for properties has outstripped the supply in the area.
Being the only affordable haven around Mumbai with a developed
infra-structure, housing demand tends to in-crease for properties priced
below Rs 70 lakh.
Property experts are also of the view that 2-BHK
apartments are being pre-ferred, especially if they are priced below Rs
50 lakh. According to Magicbricks data, there are over 19,000 properties
available for sale in Thane. More than 400 new projects are
under-construction. The most available property types in the locality
are 1, 2 and 3-BHK units. There are modem amenities available in these
residential complexes such as club house, coffee lounge and restaurants,
private terrace gardens, barbecue pits, a dance studio, including
others.
A Harikesh, senior vice-president, sales and marketing, Tata Housing Development Company Limited,
recently said that Mum-bai will always remain a preferred destination
for property buyers. In fact, due to the robust connectivity, the
Thane-Kalyan belt has immense market opportunity. The area is accessible
to the island city and of-fers properties that fit a buyer's pocket
too.
GOOD CONNECTIVITY TO THE SUBURBS:
Moreover, the suburbs beyond Thane are growing gradually as they have infrastruc-ture as well as the connectivity edge. Till a few years ago, the place used to be an industrial belt. Today, one can easily reach Navi Mumbai via Dombivali through the pipeline road. The area is directly linked to Chhatrapati Shivaji Terminus (CST) and is well-connected to Thane, Kalyan, Dombivali, Panvel and Navi Mum-bai via the state transport and local bus network.
Moreover, the suburbs beyond Thane are growing gradually as they have infrastruc-ture as well as the connectivity edge. Till a few years ago, the place used to be an industrial belt. Today, one can easily reach Navi Mumbai via Dombivali through the pipeline road. The area is directly linked to Chhatrapati Shivaji Terminus (CST) and is well-connected to Thane, Kalyan, Dombivali, Panvel and Navi Mum-bai via the state transport and local bus network.
The government has also proposed a monorail on the
Thane-Kalyan-Badlapur corridor, which will further help to im-prove the
connectivity in the city, adds Harikesh.
DO HIGH-STOREY BUILDINGS:
Most recently, the area has received the clearance from the municipal corporation for residential towers that will have more than 27 storeys. Presently, the height of several projects in Majiwada, Manpada and even Kolshet, has reached 92m and developers say there is a huge market for projects that can go higher. Structures in Thane can go much higher since there is no restriction on the maximum number of storeys in the Development Control Regu-lations (DCR).
Most recently, the area has received the clearance from the municipal corporation for residential towers that will have more than 27 storeys. Presently, the height of several projects in Majiwada, Manpada and even Kolshet, has reached 92m and developers say there is a huge market for projects that can go higher. Structures in Thane can go much higher since there is no restriction on the maximum number of storeys in the Development Control Regu-lations (DCR).
"The approval will help increase the number of
residential units in Thane. Pro-jects in areas like Pokhran Road,
Manpada and Majiwada, are likely to benefit from this move as per our
initial feasibility esti-mates," mentions Jitendra Mehta, secre-tary of MCHI-CREDAI Thane unit.
Besides these, government policy re-forms have also
boosted consumer senti-ments towards first-home and end-user purchases.
It is further expected that there will be a further acceleration in
Thane's real estate market in the coming times. Therefore, home-buyers
can consider Thane as the next investment destination!
To Buy Property in New Mumbai / Thane or Know More about Builders and Developers Contact Us at 022 2580 6868
Contact Us :
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
Telephone : (+91) 22 2580 6868
(+91) 22 2580 6865
E-mail: mchithane@gmail.com
mchithanexpo@gmail.com
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