As Mumbai continues to grow in population, purchasing a home there is becoming increasingly difficult. New Project in Thane West, on the other hand, has become the new hotspot for those looking to stay close to Mumbai. The home is competitively priced, and it comes with all of the necessary conveniences.
Gone are the times when Thane was thought to be a remote, secluded location with only a few residents. Property investment in Rera Approved Projects in Thane has increased dramatically during the previous two decades. Apart from an increase in the number of people buying residential property in Thane to live in, there has also been an increase in the number of individuals buying property in Thane with the intention of reselling it and making a profit.
In the Mumbai Metropolitan Area, encompassing Thane, there has also been a major increase in employment opportunities, resulting in increased demand for real estate.
Since the Ghodbunder Road is in such a vital location, connecting the roads that lead to Mumbai and Thane, the state government and municipal governments are increasingly investing in infrastructure. If you've been debating whether or not to invest in Thane real estate.
Here are Some of the Least Known Reasons Why Thane is a Safe and Pragmatic Investment Spot
1. Investor's Dreamland
Thane is undergoing fast transformation. Thane has experienced a phenomenal return on investment in real estate. Thane, popularly known as Mumbai's twin sister, has gradually emerged as a major investment and real estate market. Thane real estate price trends show that some localities have experienced a 30% price increase in the last two years or so.
The demand for residences in Thane is expected to rise in the near future as infrastructure improves, connectivity improves, job development increases, and social facilities expand. Today's real estate developers are constructing high-end projects with the best amenities and facilities available to homeowners. Thane is home to a number of integrated townships, as well as a number of other mid-range and premium residential developments due to launch soon. According to Thane real estate market data, demand for real estate in the city has increased significantly.
2. Staggering Prospect
Thane has been shortlisted as one of India's smart cities. It has been designated as a smart city under India's 100 Smart City Mission by the Ministry of Urban Development (MoUD). Thane has been a popular investment destination due to its outstanding intra-city and inter-city connectivity.
Thane has been undergoing substantial development for the past few years, and it is believed that a lot of builders will develop new projects here. Pokhran, Ghodbunder road, Kholset road, and Majhiwada are among the best places to live. The city's booming real estate developers, such as the Lodha Group, Raunak Group, Kalpataru Group, Puranik Group have raised the bar by building some spectacular townships.
3. Property Investments in the Residential and Commercial Sectors
Thane has a plethora of residential and commercial projects available for investment. Thane is home to many global firms and multinational companies. As a result, the city has attracted the working class, making it a viable investment destination.
With a flurry of new IT parks, business zones, and retail malls springing up in Thane, various new housing projects are capitalising on the area's social infrastructure, business and commercial growth, and, of course, increased job creation and prospects. This, combined with the proper ongoing infrastructure construction, such as the widening of existing highways, the cluster strategy, the TDR policy, and other favourable government policies, has drawn various real estate developers to Thane to create projects.
The following are some of the most well-known Construction Companies In Thane
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Tata Consultancy Services (TCS)
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DIL Limited
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Raunak Group
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Bayer India
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Voltas
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Bharat Insulation Company India Private Limited
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Aditya Birla Financial
Here are some of Thane's most well-known business parks:
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Thane One Corporate Business Park
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Lotus Park
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Raheja Mindspace
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Sunrise Business Park
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Reliable Tech Park
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Odyssey IT Park
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Maitri Park
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Nitco Biz Park
4. Entertainment & Recreational Activities
Thane is a haven for those seeking amusement. Some of the city's largest shopping malls can be found here. There are numerous amusement parks, cinemas, cafés, children's play areas, and other attractions. Furthermore, when it comes to Thane's lifestyle, there are many schools and hospitals that are more focused on state-of-the-art infrastructure.
The city is home to a diverse range of restaurants that cater to a wide range of culinary preferences. Everything from international coffee franchises to high-end eateries can be found in this lovely location. Whatever you want to eat, simply say it and it will be served to you.
When it comes to entertainment and shopping, Thane has everything for all of its citizens. Thane is home to some of the city's largest shopping centres. The following are some of them:
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Viviana Mall
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R Mall
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Infinity Shopping Arcade
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Cosmos Mall
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Korum Mall
5. City’s Beautifully-designed Infrastructure
Thane is one of the most significant and well-planned cities in the country. From modern lifestyle amenities to natural features, it has it all. Thane is a city with holistic and constant growth due to its simple access and high-quality city infrastructure.
Thane has a beautiful environment with plenty of natural vegetation and additional attractions. Thane is known as the City of Lakes due to the fact that it has 33 of them. Sanjay Gandhi Park, Kanheri Caves, Masuda Lake, and Kelwa Beach are some of the well-known places in and near Thane.
The TMC Garden is surrounded by Yeoor Hills, just as the Ovalekar Wadi Butterfly Garden, and is an environment lover's delight. Majiwada and Kolshet Road are both serene locations, with the latter being one of Thane West's best.
Conclusion: Final Thoughts!
Aside from the abundant social and economic potential that Thane has to offer, it's worth noting how affordable it is to buy a New Project in Thane West. Thane is gaining traction as a residential and business hub, and it has a lot of potential.
The neighbourhood is a popular alternative for individuals seeking a property that allows them to enjoy the pleasure of living in Mumbai on a tight budget. Houses in Thane are known to fetch high prices on the resale market, especially if they are purchased by renowned developers. To sum it up, Thane offers buyers a wide range of properties and investment prospects.
