Planing to Invest in Thane ? Is it the right time to make a purchase in Real Estate ? Is Real Estate still a good Investment option ? Are you still trying to figure out the right answers to the above questions ?
If YES, then Read till the very end where we would try to answer all your Questions ; lets Get Started,shall we?
thane As A Location
Have You Ever Visited Thane, Mumbai?
Thane, Maharashtra is a beautiful metropolitan city in India and very well connected with every part of Mumbai.
It lies at the mouth of the Thane River and head of the Ulhas estuary, northeast of central Mumbai (Bombay). the town is colloquially referred to as the “City of Lakes”, given the 30 scenic lakes located within the bounds of the city and district.
Thane covers an area of 147 km and has a population of more than 1.8 million within its municipal limits, according to the 2011 census.
Thane As An Investment Option
1.Home For 1,886,941 people.
According to the 2011 census, it was a home for 1,886,941 (Invested In Thane) people. The kids account for 10.24 percent of the whole people who live in the city.
2. Addition to the list of Smart Cities
Thane’s inclusion to a list of 27 Indian smart cities by the Government has further enhanced the growth of Thane. There are plans to make the city more developing, efficient, and sustainable with better infrastructure.
3. 50000 Crore For The Developmet of thane.
The government has decided to fast track the Rs 1.50 lakh crore infrastructure in Mumbai and Thane and prioritize these projects. Of the total projects, Rs 50,000 crore has been earmarked for Thane district for activities like metro corridors, Mumbai Trans Harbour Link, development of flyovers, creek bridges, and improving its overall infrastructure and connectivity.This will doubtlessly support the real esate of Thane and give it a further upward force regarding its development and speculations.
4. Thane Also Known As "Twins Of Mumbai"
Things are changing quickly in Thane. According to research in the year 2009 to 2018 investors get a 40% return on investment on real estate. Thane also Known as the twin sister of Mumbai, Thane is creating its own identity as a major investment and real estate hub in recent years.
5. A THRIVING mix of residential and COMMERCIAL HUB:
With multiple IT Parks, business zones, and shopping malls coming up in Thane, there are several new housing projects which are cashing in on the twin factors of available social infrastructure, business, and commercial growth, and of course, higher employment generation and opportunities in the area. This, along with the correct ongoing infrastructure work, i.e., widening of existing roads, the cluster policy, TDR policy, and other favorable policies of the Government, has attracted several real estate developers with regard to developing projects in Thane.
Developers like Tata Housing, Lodha Group, Godrej Properties,Shapoorji Pallonji, Piramal and Hiranandani Constructions already have projects and mega townships in Thane. These are Some Of well known projects to invest in Thane. The Thane-Ghodbunder Road area is a coveted residential cum commercial hub as well. The area near Kolshet Road is also a good area to invest in. Several IT and ITeS hubs are coming up in the vicinity as well.
Thane as suburb had seen holistic growth in recent years . It had many renowned schools and colleges. Besides, its cosmopolitan culture, presence of famous hospitals, easy accessibility of mega multiplexes and great weekend getaways for family makes it a perfect choice for home buyers .
6.Thane has a connectivity rating of 9.2/10
Those days were gone where Thane was called the ‘Satellite City’ of Maharashtra. It is now blessed with excellent connectivity to the major parts of Mumbai. Here’s looking at some of the top connectivity advantages in Thane:
- National highways 3 and 4 connect West Thane to other parts of Mumbai.
- The future of Thane City looks bright with the introduction of metro services in the pipeline and it will cut traveling time between Wadala and Thane by almost half.
- Thane-Dive Road and Bhiwandi Bypass flyover will be major infrastructural game changers for Thane.
- The metro-3 projects to Kalyan and Mira-Bhayander areas will boost connectivity for residents as well.
- There will be parallel roads built near metro corridors between Kalyan and Thane.
- Ghodbunder Road is a major connectivity lifeline, connects to both Western and Eastern Express Highways.
These connectivity developments certainly make Thane one of the top places to invest in India over the next few years. It goes without saying that widespread development of physical and civic infrastructure will naturally spark demand for housing throughout Thane
Is Thane a great option for real estate investment?
In the growing competition of real estate industry, Location has always played a vital role in the decision of choosing the right catch for your requirement. As it is further linked to every aspect of your life. It is very essential for the location to be convenient in essence to the traveling, the surrounding infrastructure should be liveably efficient. Like; Schools, Colleges, Hospital, Supermarkets, Malls, Entertainment, etc.
In the past few years, Thane is one such location that is rapidly developing and becoming more and more lively with each year. Thane as a Prime Location itself, has a wonderful connectivity to the other Prime Locations like Mumbai and Navi Mumbai.While property prices in Thane have seen a hike, none have witnessed a hike as steep as the Ghodbunder Road (GB Road), mainly due to its proximity to nature and fast pace of development coupled with Government’s proposed plans to enhance connectivity. The corresponding graph tracks the price pattern on GB Road since 2009. Real estate experts believe that property buyers here have enjoyed a 300% growth in the last five years!Economic advisors and analysts suggest an estimated 40% increase of employment opportunities in the Mumbai Metropolitan Region (MMR), including Thane. Such a predicted hike in jobs would entail a major increase in the demand for housing and subsequently could generate further capital appreciation for real estate investments in Thane .
Let us see a few points that made Thane one of the favourite of developers as well as home buyers,
Thane serves best of the Education option with many top level schools located within.
Smt. Sulochanadevi Singhania School
Arunodaya Public School
Hiranandani Foundation School
DAV Public School
And many other international schools
Along with Primary and Secondary Education, Thane also has High Schooling in place with good Educational Institutes.
A.P. Shah Institute of Technology
Bedekar Institute of Management
- Top Hospitals
There are a number of Multi- speciality Hospitals in Thane that ensure you a secure and accessible Healthy Life.
Divine Multi-speciality Hospital
Lifestyle & Entertainment
Lifestyle again isn’t any compromising factor when you opt for Thane. Thane is a home to many Malls. So, your basic needs of lifestyle is taken care of. Also, It allows the entertainment in your life to be lively. Be it watching movies in these malls or shopping with your Family and Friends.
Lake City Mall
Along with the above, Thane also has entertainment option for audience of a different or classic kind, like
Dr. Kashinath Ghanekar Auditorium
All of these above reasons to make it the right choice. Yet it has much more to offer for a good life. The Air Quality Index(AQI) is 63, which is Good. As per the AQI reports it much more air friendly environment in Thane as compared to the other major cities.
Is Real Estate still a good option to Invest ?
Now this is a very subjective question as it completely depends on the kind of investor you are ,Theres no doubt that there are better options than real estate to invest but it purely depends on the Domain Knowledge you possess and the Risk component capacity that you can absorb on the other hand anyone can invent in real estate without high risk quotient just remember one thumb rule “Investing in real estate is a great idea if you are in it for the long haul, not a quick return.
Your best bet is investing in residential properties that produce rental income year-round and if you can afford look out for Ready to Move in Homes.
And Remember one very important point you should invest in Real Estate when the prices are low and not when market is moving upwards and the prices high .