Property Values rise by 40 percent in Thane
The trend of shifting to suburbs because of the skyrocketing realty prices in the city has benefitted Thane very much. As the people are trying to shift out of Mumbai, Thane real estate market has received a major boost. In many areas like Ghodbunder Road, Manpada and Pokhran Road the prices of the real estate have risen to 30-40 percent of what they were two years back. Rakesh Kingwani of MM Properties says “Today, the ticket price of Mumbai has become very high. Therefore, developers are focusing on localities in Thane”.
Source: The Times of India (Mumbai)
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