Thane is one of the hot destinations for property investment in India. The city has transformed because of its location, connectivity, modern infrastructure and best in class amenities. It is a good time to buy a property in Thane because of many upcoming residential projects by some of the big names in real estate.There is growing commercial property market as well because of large and small manufacturing industries, IT hubs and increasing employment opportunities.
These are some of the reasons explaining the above-mentioned points as to why buying a property in Thane is the best decision to take right now:-
Amenities
The high property prices in Mumbai have driven many buyers to look for properties in Thane. The development in the urban areas and the better quality of life in Thane have encouraged the buyers to invest here. The quality of educational institutions like schools, colleges and healthcare availability of big hospitals and treatment centre has made families relocate to Thane from Mumbai. The shopping complexes and malls like Lake City, Viviana, and Eternity etc. in the vicinity have made life easier for the people. The affordable price for 2 BHK/ 3 BHK flats for sale in Thane with all these top class amenities has contributed to the growth of real estate.
Connectivity
One of the main factors which lead to the real estate development of any particular location is connectivity. The city which is well connected to other major cities, employment hubs and recreational zones increases the property market value. The transportation links through road and rail play key role in the connectivity between two areas. Thane is very well connected to other cities with road links like Jogeshwari-Vikhroli, Santacruz-Chembur, Thane-Belapur and highways like Eastern freeway, NH-8, Mumbai-Nashik highway. The rail connectivity is also excellent with the Central Railways and Central Harbour Rail line. Its connectivity to Navi Mumbai has a significant impact on the real estate growth here.
Rail-road projects in the future
Some of the major projects for rail and road in the pipeline which will further boost the real estate market in Thane are:-
· The Wadala- Ghatkopar-Thane-Kasarvadavali Metro
· Thane- Kalyan Metro-5 project
· Parallel roads to Kalyan and Mira road along the rail line
Upcoming Residential Projects in Thane
Many real estate giants are investing in multiple luxurious residential projects in Thane. Some of the big names are Hiranandani Estate Rodas Enclave, Trimity Sindhusmruti and Lodha group in Thane West with a price range of 25 lakh to 5 crores. There are so many large and small manufacturing industries located in Thane. These give large-scale job opportunities for people from all over India. Various business spaces and IT hubs like Sigma IT Park and Supreme Business Park are located at a distance of approximately 20- 30 minutes from Thane. This has paved the way for an increase in demand for residential space like flats and apartments.
Commercial projects in Thane
The market for commercial property in Thane is truly on a roll with top class projects from Ashar group, Dosti Reality, Hiranandani and Mehta group all building world-class office spaces, corporate centres and IT parks.
As the future growth prospects of Thane looks bright, it is indeed the right time to buy a property in Thane. Find a detailed listing of residential and commercial properties in Thane at Magic Abode. Use the smart map to view all the amenities like schools, hospitals and select your favourite property location and own the best properties in Thane.
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