Tuesday 13 November 2018

How Buying A Home in Thane Can Be A Great Investment Decision

Thane is one of the most happening places for investment in real estate and the sale of residential properties has seen a mercurial rise in recent years. As a result, real estate developers in Thane are actively taking interest to build residential apartments to accommodate the mass of people who flock to the city. Thane is still in a developing phase and an investment here at this point in time can provide lucrative returns in the future.

The following are the reasons which make Thane a hotbed for real estate for investors and homebuyers alike:

1. Location

Thane, the city of lakes is one of the cleanest areas around in the larger conurbation known as Mumbai. It is around 22.7 km away from Mumbai and as a result, attracts a lot of investors to the area. The announcement of the construction of the Navi Mumbai Airport is also a major contributing factor which has helped garner the attention of investors.

2. Affordable

Due to a sharp increment in the prices of flats in Mumbai, people are increasingly looking to shift to Thane. The number of affordable options for new commercial properties as well as new residential projects in Thane has increased their demand. And, as is the case with most real estate properties, investing in Thane at this point in time, can give you higher returns in the future.

3. The Cluster Scheme

Thane is the first city wherein the cluster development scheme would be implemented. Cluster development is an initiative that has been approved by the Thane Municipal Council which aids in the urbanisation of a municipality. According to the Hindustan Times, Thane city will get around 2.5 lakhs of new houses as a direct result of the implementation of this initiative which plans on doing away with slum areas and converting them into living quarters. 

4. Connectivity 

Thane is very well connected to Mumbai and other parts of the state. The city will have its first ever metro rail access which will run from Wadala to Kasarvadavali, Thane. Apart from that, Thane will also be a part of line 5 metro which will connect it to Bhiwandi and Kalyan. There are also a lot of investments taking place on Ghodbunder road which connect Thane to eastern and western Mumbai.

5. Modern Infrastructure

The new residential projects in Thane have been built keeping in mind the standard of living of its inhabitants. The layout of the city is well-thought out and the infrastructure of the city makes living here a very pleasant experience for its residents.

Final Note

According to the Times of India, investments in the area have grown by around 300% from the year 2009 to 2013. If investment decisions are taken with acuity, it can result in an ample amount of appreciation per annum.

Aspects That Make Goregaon A Comfortable Residential Hub

Looking for the most perfect projects in Goregaon West can be quite a daunting process if you do not know how to go about the act. This is especially true if you happen to be a first-time home buyer. As you start checking upon the existing and ongoing residential projects in Goregaon West, you may want to keep the following tips handy. These guidelines for purchasing the best apartment of your choice will help you go about the process with ease. You will find yourself saving upon your hard-earned money and avoiding common mistakes.
 
Read on for more.
 
How to Buy Residential Projects in Goregaon West?
 
Are you planning to buy an apartment in projects in Goregaon West? If yes, do consider the following tips.
 
1. Rent or Buy?
 
Once you are ready to embark on the search process, it is essential to do an assessment of whether you wish to rent or buy a home property at this stage of your life. In most cities, rentals are affordable, but property prices are quite high. Which way will you go? Young corporates would find it easy to rent the property of their choice as it will give them the liberty of moving to any other place as per their professional needs in the future.
 
In case you have adequate savings in place and have decided to settle down in Goregaon with your family, then the ideal move would be to shortlist the properties the match your requirements. Apart from taking a look at the locational advantages of the places shortlisted by you, you need to figure out the carpet area, amenities, common community benefits, etc. as well.
 
2. Location is Essential
 
Your purchase of the best residential property will be incomplete if you do not get the location you desire. A good location would be one that is easily accessible by public transportation. Alongside, it should be in close proximity to your place of work and that of your kids’ educational institutions to avoid long hours of commute. In addition, the home selected by you should be close to public amenities and recreational centres to provide the benefits of modern urban living.
 
Are you ready to purchase your dream home in Goregaon with the help of these tips?