Driven by several connectivity links and growth opportunities, residential flats in Thane are high in demand. With major growth prospects and dominating nature’s greenery, the place is highly preferred by prospective buyers of real estate in Thane. Flanked by multiple lakes, it is a hub for multi-ethnic culture in the north-eastern region of Mumbai. Domestic and foreign investors are expected to get a major ROI on properties in Thane.
Thane’s Prosperous Legacy: Previous Trends and Future Projection
Thane has witnessed an incredible price hike in real estate market. However, there has been a steep hike in realty rates, mainly on Ghodbunder Road (GB Road) area. With growing number of people’s preference to own a house in proximity to nature’s greenery, infrastructural development at GB Road has seen a rapid boost in the past few years.
In consideration of proposed plans of the metro to enhance the connectivity, the corresponding price graph of real estate flats in Thane is expected to grow in the area. As per property pundits, the prospective home buyers have incurred a gain of 300 percent in the past five years. Moreover, it is believed that this will also help in giving rise to employment opportunities in Mumbai Metropolitan Region by about 40 percent. Such an estimate would result in the major demand of accommodation, thereby generating boosting capital appreciation in the investment of real estate sector.
Thane’s Connectivity: Now and the Future
Enjoying excellent connectivity to Navi Mumbai, Western and Eastern Suburbs of the Mumbai metropolitan, Thane extends its road links via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. In addition, the city is connected to other places via railway networks, namely, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways.
Besides, impending plans of connectivity to other regions also include the upcoming metro rail with more than 10 halts within the city itself. The metro rail would stretch along the Ghodbunder Road. This proposed metro plan between Thane and Wadala is anticipated to decrease the traveling time by half. To further the infrastructural developments in the city, the expansion of the Thane-Diva Road, the metro-3 project to Kalyan and Mira – Bhayander areas, the flyover at Bhiwandi bypass, and parallel roads from Thane to Kalyan along the metro line is also proposed.
Thane’s Optimum Mix: Residential and Commercial
In the fast-paced life of Mumbai, long and tiring traveling hours is the major dilemma that a common man faces. Covering enhanced journeys to distant places of work and back is quite a straining yet important task for regular local train commuters. In this situation, people usually prefer relocating in proximity to their workplaces. With upcoming growth prospects in the business sector, the city is all set to offer high connectivity to residents and their respective families.
It can be described as one of the most peaceful and inclusive suburbs in MMR, which offers various social amenities, including reputed schools, banks, colleges, hospitals, shopping malls and movie theatres. In the presence of social and civic infrastructure, people get easy access to several weekend getaways amidst nature’s scenic beauty, including amusement parks, lakes, botanical gardens, and most importantly Parsik and Yeoor hills. Renowned hospitals like Vedanta Hospital, Jupiter Hospital, Jijai Women’s Hospitals, Orthonava Hospitals, Shree Ramkrishna Netralaya Hospital, Dhanwantri Multispecialty Hospital, and CR Wadia Hospital and Malls, such as Cinemax, wonder mall, Viviana Mall, and R Mall makes people’s life easier.
Real estate in Thane has seen a growth trend over the past few decades. One of the well-known realty developers, Godrej Properties is coming up with their luxury housing project called Godrej Emerald at Ghodbunder Road. Stretched across 6.5 acres, the property in Thane offers a profusion of conveniences and amenities, including swimming pool, Amphitheatre, multi-purpose court, kids play area and other premium features. Industry advisors and experts believe, that it will come up with more luxury residential units in Mumbai Metropolitan Region (MMR) in the coming years.