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 invest around Rs 80
lakh in another 2.5 BHK apartment in Thane near the Eastern Express
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 flats in Thane
are being preferred, 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.
Mumbai 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 offers properties that fit a buyer's pocket too.
GOOD CONNECTIVITY TO THE SUBURBS:
Moreover, the suburbs beyond Thane are growing
gradually as they have infrastructure 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
Mumbai 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 improve the
connectivity in the city.
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).
"The approval will help increase the number of residential units in Thane.
Projects 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!
Buy Spacious 2BHK and 3 BHK Flat in Thane, Contact Prestige Residency sales office to Know More @ 022 25985951 - 55
201, Prestige Precinct, Near Nitin Casting, Almeida Road, Panchpakhadi
Thane West - 400601
Phone: 91-22-25985951-55
Email: prescon@prescon.in
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