The Thane locality in Mumbai was once known as the industrial area that emitted smoke from the factories leading to air and noise pollution. It was far from being considered as a residential hub. In fact, travelling to Thane was a task. Now, Thane is coming on its own. Various locations such as Manpada, Ghodbunder and Pokharan road have attracted an enormous chunk of buyers from other peripheral places in Mumbai. There have been at least 47 per cent demand in the Thane realty market.
Thane’s success attributes to its improved infrastructure, business centres, and affordable housing rates. Such is the demand that prominent real estate companies like Piramal, Neelkanth, Lodha, Kalpataru, etc. are flocking the area, targeting the middle and upper-middle segment.
If you are looking to invest in a real estate in Thane, here are some tips before visiting the developers:
1) Transparent information: New buyers need precise data about the locality they are moving to. One should select real estate developers in Thane who offers them accurate details. The company should be up to date with their policies and procedures. The developers should boast of trained sales staff who can answer the buyers’ queries instantly. For example, T Bhimjyani and other renowned realtors are known to provide details on the floor plan, tax benefits, the size of the flat, and so on.
2) Real estate office size: One of the common mistakes that investors make is judging the real estate company by its size. So, if the size is small investors believe that they are not reliable. Similarly, if the company size is big, means they are more trustworthy. What should matter for the investors is the sales volume. Plus, investors should consider companies which are known for its successful projects.
3) The reputation of the brand: While going for real estate developers in Thane, opt for a brand that has over the years delivered luxurious as well as reasonably priced properties in the area. This is largely dependent on the company’s business duration and its legacy. If you are hunting for a flat in Thane West locality, real estate companies like T Bhimjyani, Lodha and Hiranandani, have held the fort for years, building reliable and sturdy commercial properties. These projects have received huge demand as well.
4) Timely deliverance: One of the issues that investors face, especially with under constructed property, is receiving the flat keys on time. People are usually provided with an occupancy date by the builders when they can move in. If the real estate companies do not live up to the investors’ expectation, it can mess the buyer’s finance and budget. When the real estate company provides a particular date to the investor, they have to get the necessary approvals from the governing bodies, NOCs, and keep the essential documents ready.
Before opting for any real estate in Thane, ensure the brand fulfils the mentioned criterions. This not only ensures smooth investment journey but also a happy life in the lush green Thane locality.