Known as the ‘City of Lakes’, Thane is the suburb of Mumbai and is located to the northeast of the city. The suburb has various lakes, greenery and well-planned infrastructure to its credit. Being an affordable place, the city is an ideal destination for residential and commercial properties. Proximity to Mumbai, the financial center of India has escalated the demand for real estate in Thane.
Infrastructural Development in Thane
With the rising population in Thane, the municipal corporation is dedicated to improve the overall infrastructure. Infrastructural facilities in Thane are marked by sprawling shopping malls, multiple flyovers, mushrooming housing projects, healthcare centers, wide roads, etc. The quality of life is rising in the city with the introduction of Station Area Traffic Improvement Scheme (SATIS). The city is well-connected to Western suburbs through Ghodbunder Road and eastern suburbs through Eastern Express highway. Thane is connected to Navi Mumbai by roads and trains.
Commercial Real Estate in Thane
Thane is rapidly emerging as one of the fastest expanding districts in Mumbai with a plethora of corporate houses and shopping malls. Due to the space constraint and high property prices in Mumbai, IT and ITeS companies are increasingly shifting their base to Thane in search of new office space.
Residential Property in Thane
One can find flats in Thane East and West at an affordable price. Property of all types such as 2/3/4 BHK flats, bungalows, independent houses, etc. are available that can be purchased for investment or residential purpose. Some of the well-known residential projects in Thane include:
• Acme Ozone
• Royal Heights
• Nirmal Sports City, Teen Haath Naka
• Mahavir Millennium, Vasant Vihar
• Rodas Enclave, Patlipada
• Lodha Grandezza, Wagle Estate
• Bhoomi Acres, Waghbil
• Rosa Gardenia, G B Road
• Lodha Aristo, Majiwada
• Coral Heights, G B Road
• The Mount River, Manor
• Kalpataru Elite, Pokhran-2
Developers like Hiranandani Group, Acme Builders, Lodha Developers, and Kalpatru are dedicated to offer luxury and affordable property in Thane. Located on some of the prime localities like Patlipada, Ghodbunder Road, Vasant Vihar, Majiwada, Manpada, G B Road, and Manor, the residential complexes developed by developers in Thane have much more to offer. Most of the residential projects include various facilities such as gymnasium, jogging track, 24X7 power backup, security guards, and play area for kids, among others.
Thane real estate is emerging as a hot and more likeable destination for real estate investors who want a relief from space congestion and skyrocketed property prices in Mumbai. The suburb has a huge potential to attract maximum property buyers in both residential and commercial real estate. Thus, receiving the attention of property investors, users and developers, Thane realty market is flourishing.