Introduction
The Mumbai Metropolitan Region (MMR) has
recently witnessed fast-paced infrastructure developments, in terms of
highways, roadways, railways and metro lines. Primarily aimed at boosting
connectivity, these have also changed the game for real estate. In addition, rising urbanization,
newer business districts have led suburban localities, such as Thane to become
"realty hotspots". With numerous new projects in Thane, there are a host of upcoming affordable
housing options.
About Thane
In addition to being an emerging
micro-pocket, Thane is a thriving Smart City, which has contributed it to
feature among the Top 20 districts in the world.
Segregated into east and west counterparts,
the latter is regarded to be relatively more affordable in terms of housing.
With that being said, investing in flats in thane west is worthwhile.
The premise behind
investing in emerging and upcoming sub-markets
Investing in property in Thane, an emerging sub-market,
provides higher growth and returns potential compared to their saturated
counterparts.
Why Thane
Apart from being a smart city, there are
additional reasons that make this one worth looking at.
Connectivity
Its strategic location enables seamless
connectivity to neighboring suburbs such as Mulund, Kalyan, Dombivali, Bhandup,
Vikhroli, and Ghatkopar and to the domestic and international airports. In
addition, the Eastern Express Highway is a cherry on top as this opens
accessibility to South and Western Mumbai.
The future is definitely bright, at least
in terms of connectivity. This is evident from the upcoming 6-lane tunnel
between Borivali and Thane, a direct access route to western suburbs.
These developments, among others, make it
highly beneficial to invest in flats
in Thane.
Employment
Speaking of new and emerging business districts, Thane has
proved to be a very attractive location for corporations. Housing reputed
companies such as Syntel, Clariant Chemicals and Navnit Motors, Thane is among
the top localities for job seekers.
The commercial aspect has seen a greater number of ready
possession flats in thane as people seek to
beat the traffic by living within reach.
Social Infrastructure
The serene and picturesque botanical
gardens, amusement parks, well-renowned schools, upcoming shopping malls, and
entertainment arcades make for Thane's strong social infrastructure. To add to
this is the Mumbai University campus's Thane branch. With that being said, 2 bhk flats in thane are not
only attractive for employees, but also to the student community.
Takeaway
The aforementioned factors have paved the
way for numerous upcoming
projects in Thane.
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