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.
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.
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