Mumbai being touted as the financial, commercial and entertainment capital of India and enjoys the privilege of being the biggest real estate market in India. Reports reveal that Mumbai has witnessed continuous increase in prices in the recent past .
The major reason for the prices swings is the limited availability of land. The continuous increase in demand and prices of properties has led to the rise of other satellite cities that lies on the periphery. that give all the ingredients of a bustling metropolitan life albeit at an economic price range. Thane, located on the north-eastern parts of Mumbai is a promising
Thane is a rapidly emerging part of the Mumbai-Metropolitan Region:
Real estate market in Thane being a part of Mumbai- Metropolitan has emerged as a hot investment destination on the back of robust connectivity and excellent social infrastructure.
Connectivity: Thane offers the best connectivity when compared to other parts of Mumbai Metropolitan Region (MMR). It is well connected to Mumbai Pune Expressway, National Highway 4 (NH 4), Eastern Expressway (NH 3) & Western Expressway (NH 8). Thane also shares strong connectivity with South Mumbai through Central Railway and to remote places like Karjat, Kasara, and KhopoliKalyan Junction.
So, the major highlight of the real estate property in Thane is the robust connectivity corridor that has unlocked its value. The upcoming projects once functional is expected to enhance the further connectivity. The proposal of new Tunnel Road from Thane to Mumbai via Ghodbunder road has been approved. Once completed, it will increase the connectivity between Thane and Mumbai. The proposed metro line- Wadala-Ghatkopar-Teen Hath Naka (Thane)-Kasarwadavli has also broken on ground which will serve as another connectivity corridor between Thane and Mumbai. Owing to this factor, there are several upcoming projects in Thane undertaken by different builders.
Social Infrastructure: Thane is also known for its excellent social infrastructure. Various renowned hospitals such as Jupiter Hospital, Bethany Hospital & Chhatrapati Shivaji Maharaj is located in the vicinity. It is a home to several educational institutes. & spectacular hotels are located in the vicinity. Some of etc. Furthermore, Thane also offers several avenues for fun and entertainment . The lifestyle is influenced by the neighboring city Mumbai and spate of shopping destinations and with other retail outlets & restaurants add to its lifestyle quotient.
Korum Mall & Viviana Mall is a treat to the shopaholics. The real estate property in Thane is boastful of social infrastructure and this is the significant reason to capture a good amount of traction amongst buyers. With a slew of upcoming projects in Thane, the buyers are spoilt for choice.
Thane offers an annual appreciation of more than 9% between Q1-2015 and Q1-2016. This is why real estate market in Thane is becoming a favorite hotspot for investment.