LOCATION ADVANTAGES THAT MAKE THANE THE MOST PREFERRED DESTINATION FOR REAL ESTATE INVESTMENT
With limited space for expansion, Mumbai has very few property locations that have evolved to meet the requirements of modern home buyers. Thane is one such location that perfectly meets the requirement the new-age home buyers- lots of open spaces, green pollution free environment, well developed infrastructure, exceptional connectivity by rail, road and proposed metro rail, flourishing economy and affordable price of real estate.
Located just on the outskirts of Mumbai city, Thane is its immediate neighbor and a part of the Mumbai Metropolitan region, one of the most populous urban agglomerations in the world. It is also one of the most scenic locations of Mumbai, thanks to a lot of open green spaces, multitude of mountain ranges and abundance of natural water bodies. It is a visual treat for trekkers and nature lovers. It is called the City of Lakes because of its scenic 33 lakes. Thane has many historical places in and around it like the forts of Ghodbunder, Naglakot, Gaimukh Gadi and Firangkot, which although damaged now, unfold stories of the 1500 century era reign of the Portugese. Besides, it is a treasure trove of rich flora and fauna. There are also hordes of places of natural waterfalls. Realizing its tremendous potential as a possible tourist destination, the government authorities have already begun plans to propose a shallow Water Park of international standards on 200 hectares of land along the Ghodbunder Road.
Thane also enjoys superb connectivity to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. Besides, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai's railway network.
The fast paced development of Thane has mainly been due to a slew of social and physical infrastructure development projects started by the government under its Smart City mission and the proposed plans to enhance connectivity.
Future connectivity and infrastructural developments plans for Thane include:
- The proposed metro rail that would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half
- Construction of the Thane-Diva Road
- The flyover at Bhiwandi bypass
- The Metro-3 project to Kalyan and Mira - Bhayander areas
- Parallel roads from Thane to Kalyan along the metro line
All these have undoubtedly made Thane and its surrounding precincts a viable choice for both, home and office buyers. Thane has accounted for almost 65% of the city’s overall housing supply between 2012-17.Real estate experts believe that property buyers here have enjoyed a 300% growth in the last five years. Last year alone, Thane contributed as much as 18% of the entire supply of housing projects launched in MMR. Even more interestingly, of the 70,000 housing units that hit the Thane market in the last five years, 53% have already been sold. Thane’s clear USP is the availability of sufficient land parcels for future development. The ability for spatial expansion gives Thane a competitive edge over the other severely space-constrained regions of Mumbai. Thane has an optimum mix of residential and commercial real estate. It has many renowned schools and colleges. Besides, its holistic growth and cosmopolitan culture, presence of famous hospitals, easy accessibility of mega multiplexes and great weekend getaways for family. Affordable living with life style amenities at value based pricing and Infrastructure development have been the key differentiators that sets Thane apart, from the other realty markets in adjoining areas.
All these factors together make Thane the most preferred real estate investment destination in Mumbai Metropolitan Region.