It has been quite a while now that the Mumbai neighbourhood of Thane has piqued the interest of the real estate market. More and more consumers of real estate are shifting their focus from Mumbai’s main-stream vicinities and investing in the Thane Realty Market. And why shouldn’t they? After all, the area has become a force to be reckoned with! Thane has become home to some of the most luxurious yet affordable residential complexes with the finest infrastructure and the best of modern amenities. Let’s find out why purchasing a 2, 2.5 or 3 BHK in Thane is a smart investment.
The arrival of luxurious residential complexes: Since 2016, the Thane Real estate market, especially for residential complexes, has witnessed a huge demand among customers. Whether it is an under-construction property or a ready-to-move-in property, there has been a huge demand among investors. Areas such as Thane West, Manpada, Majiwada, Kapurbawdi, Ghodbunder Road etc., are coming up with 1-4 BHK flats. 3 BHK flats in Manpada are especially are highly in demand. These residential complexes come with a host of amenities that include play areas for children, relaxation areas for senior citizens, party halls, sports arenas, spa facilities, mini-theatres and so on.
An option for the every type of buyer: People on a limited budget can afford homes at prices as low as ₹3,000 – ₹4000 sq. feet in Thane East. The Thane West locality is certainly emerging as the more profitable of the two, making it a worthwhile investment. Despite being double in rates as per square feet area, investors are happy to purchase 3.5 BHK flats in Thane West by builders like Lodha Group, Piramal Realty, T Bhimjyani Realty, Hiranandani Constructions etc., because the area is one of the prime real estate markets in the city today.
The rental market of Thane: For people in the commercial business, Thane localities like Ghodbunder Road, Majiwada, Manpada, have shown a high growth in rental income in a span of under 3 years. Investing in other Thane West regions like Kolshet Road and Kavesar has also proved to be fruitful. Even people on lower budgets who have invested in the rental market in Thane East areas like Kalwa, Patlipada and Badlapur East have earned great returns on their investment.
The innumerable pros of living in Thane: Easy commute to other parts of Mumbai is a guarantee you can get when live in Thane. The entire region is well-connected to central and western suburbs as well as Navi Mumbai. In comparison to the East, the western part of Thane certainly has better amenities, so it does make sense to invest in a 1, 2, 3 or 3.5 BHK flats in Manpada, Ghodbunder Road or other Thane West localities. The area is also buzzing with educational and health care institutions, entertainment hubs, shopping malls and super markets.