Why Thane has become the most preferred destination for Home Buyers?
2 min readApr 11, 2019
- Located in the northwestern side of India’s western state of Maharashtra, Thane is an important segment of the Mumbai Metropolitan Region. Thane was historically an industrial area. A number of factories and industrial units were located in Thane, most of which have since been cleared to make way for premium and semi-premium real estate projects. The area has since emerged as one of the most populous urban centers in the modern world.
- Real estate developers continue to find Thane a highly attractive destination owing to its superior infrastructure and fast connectivity to other areas of Mumbai. Those interested in 2 BHK residential projects in Thane are drawn by the fact they can buy bigger homes and residential units equipped with modern amenities in Thane. On their part, real estate investors find deep attraction in the fact that Thane offers far greater returns on their investment when compared to other parts of the Mumbai real estate market.
- The connectivity aspects of the Thane region continues to exert a fascination on home buyers and investors alike. The proposed Metro light rail project connecting Thane to a number of local destinations has pumped demand for real estate in the area. In terms of local railway networks, Thane offers superb connectivity to Navi Mumbai and the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. In addition, the Central Harbor Rail Line, Thane-Panvel Rail Line, and Central Railways connect Thane to Mumbai’s railroad network.
- The scenic beauty of Thane also attracts home buyers and investors that seek 2 BHK residential projects in Thane. The area offers its residents a host of amusement parks, botanical gardens, and river-side promenades. Further, local civic bodies in Thane have actively worked to clear bottlenecks and encroachments in the Thane area. In terms of civic infrastructure, many areas in Thane such as Ghodbunder Road, Majiwada, and Kasarvadavali offer good schools, premium shopping malls, and excellent healthcare facilities.
- The potential for price appreciation for real estate in Thane is clearly driving buyer interest. Observers in Mumbai’s real estate industry note that property in Thane has registered a 300% growth in recent years. In addition, surging employment opportunities in the Mumbai Metropolitan Region have propelled demand for housing; this fact could generate further capital appreciation for real estate investments in Thane.
