Thane is one of the fastest-developing cities in Maharashtra. Its proximity to Mumbai makes it a populated area, which, in turn, makes it an attractive commercial space for investment.
In 2015, Thane was one of the first 100 cities in India to implement the Smart City Mission. Consequently, Tata Consultancy Services has set up its largest office in Thane with 30,000 employees.
Additionally, there are numerous ongoing projects under the Thane City Centre Rejuvenation, such as implementing multi-modal transport, intelligent transport systems, etc.
Rapid infrastructure development and easy connectivity to Mumbai and Navi Mumbai have made Thane a critical real estate hotspot of the Mumbai Metropolitan Region (MMR).
Let’s see how investing in Thane’s commercial space can benefit you.
Top Reasons to Invest in Thane Real Estate Thane is quickly developing into a profitable commercial sector for the following reasons:
- Increasing Connectivity
Proximity to Mumbai is one of the best features of Thane. Ghodbunder Road, JVLR, Eastern Highway, NH8 and SCLR connect Thane with Navi Mumbai and other parts of Mumbai. The cost of living in Mumbai is skyrocketing; hence, commuting from Thane is a sustainable option for working individuals in Mumbai.
It anticipates that the forthcoming metro project in Thane would cut the distance to Mumbai in half. It saves a significant amount of time for daily commuters. In addition, it will significantly boost Thane’s commercial real estate sector. - Industrial Hub
Thane is a central industrial hub in the country and is the third most industrialised city in Maharashtra. With a significant belt of over 18000 industries in the town, it is a hotspot for employment. Hence, investing in commercial properties in Thane can be a profitable opportunity. - Logistics Hub
The logistics and warehousing industry is booming in Thane. With optimistic future expectations, it will soon become the busiest logistics hub in India. Hence, it is a prime time to invest in commercial real estate in this city to profit from the warehousing sector. - Passive Income Stream
Thane, famous for warehousing and industrial sectors, offers an ideal business space for rental income. Passive income from rental estates has negligible risks and generates high income without much active effort. - High Return on Investment
Generally, returns from commercial properties are very high as these spaces are in demand. Moreover, the tenants offer appreciation to hold on to the spaces in the long run. In addition, Thane is a developing region, so the returns are bound to multiply in the coming years.
Things to Consider Before Buying a Commercial Property in Thane
The objective of commercial real estate is to earn profits; hence, it is vital to check a few factors before investing in Thane.
- Lease and Investment
It is essential to check the value of a property and judge if it is a profitable investment for you. Because the return on investment highly depends on the scale of investment, and thus it is crucial to understand the correct value. Besides, it is also essential to understand the lease structure thoroughly and avoid unforeseen complications in the future. - Area Infrastructure
Developing a modern property equipped with high-end amenities is not enough to generate high income and attract a heavy crowd. The infrastructure of your surrounding area plays a crucial role in your commercial profit. Therefore, proper access to modern infrastructure is a significant factor. - RERA Verification
Buying a property that adheres to all rules and regulations is essential. All properties and builders in India must adhere to the norms established by the Real Estate Regulatory Authority (RERA).Source: wintwealth.com
To Know About Thane Real Estate Development Contact Us at 022 2580 6868
It is of utmost importance to verify the registration of the property and the builder through the RERA Maharashtra (popularly known as MahaRERA) portal - Transport Network and Location
When investing in Thane real estate, it is paramount to check the transport network in the area. Because connectivity to airports, railway stations, etc., ensures high returns from commercial investments. Understanding the location and future aspects is essential to analyse your investment’s appreciation.
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