Good connectivity and a flourishing economy have been the growth drivers for the Thane real estate market. Thane is all set to see more developments for providing a world-class living experience for its citizens.
Today, Thane fulfills the expectations of homebuyers of all categories with its wide-range of options for residential properties. Investors look up to this booming marketplace for safeguarding healthy returns.
Thane Reale Estate Market
Although affordability highlights the residential market of Thane, the demand for premium housing has also seen an upsurge in recent years. High-rise apartments and integrated townships are growing in number. Thus, homebuyers of Mumbai in search of spacious homes who have found an alternative destination in Thane.
Thane is divided into two sections – Thane east and the relatively affordable, Thane west. Prominent developers of the real estate industry such as Godrej Properties, Hiranandani Constructions, Lodha Group and Tata Housing have launched their projects in the city.
The average property prices are:
Rs 14,700 per sqft in Thane East
Rs 12,000 per sqft in Thane West
The Thane-Ghodbunder Road area is a sought-after hub for both budget homes and luxury properties. Other prominent localities to invest in Thane are Majiwada, Kolshet, Kopri, and Kasarvadavali. The property prices are expected to increase with the metro link coming in.
Connectivity: Thane has numerous location advantages such as it is linked to Mumbai via the Eastern Express Highway and the Eastern Freeway; to Navi Mumbai via the Thane-Belapur Road; to central and western suburbs via Ghodbunder Road and to areas in Gujarat via the Mumbai-Ahmedabad Highway.
Social Infrastructure: Thane has access to some of the finest social infrastructural facilities which are the main benefit of living in Thane, apart from being close to nature. The Indian Institute of Technology Bombay in Powai is around 20 kilometers away. In addition, there are reputed schools, health facilities, shopping malls and ample entertainment options.
The development of flyovers, highways and wide roads have changed the image of Thane as an urban cluster. Moreover, a proposed 32-kilometer Metro link from Wadala to Kasarvadavali will further comfort the commuting experience for the residents of Thane. Major roads like the Pokhran Road and the Ghodbunder Road offer road access to adjacent localities.
Thane was the first city to get the railway link in India. Outstanding connectivity is provided by the Central and the Trans-Harbour Line Suburban railway network.
