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Tantalizing Thane

Saturday, September 15, 2018

Mumbai's sister concern Thane has emerged as a hotspot not only for affordabilty but also for its booming realty segment, luxury living, better connectivity and to top it off – the upcoming metro projects & its inclusion in the Smart City project.

By Deepak Goradia – Vice Chairman and Managing Director, Dosti Realty
 
One of the greatest hallmarks that distinguish the real estate market of Mumbai from the others is the way it keeps mounting, transforming and ever-expanding.
Mumbai’s property domain has evolved from a phase where-in realty growth and development once upon a time was dedicated only to upmarket areas like Pedder Road, Colaba, Malabar Hills and Marine Drive that lie on Mumbai’s southern-most tip. The present times though have witnessed a major makeover in the city’s housing scenes as today the central suburbs of Mumbai are rapidly materializing as the most preferred real estate hotspots. One of the most notable examples is the transformation of Thane from being Mumbai’s village cousin to becoming a pulsating city in itself.  

Popularly termed as the City of Lakes, the tactical positioning and location, rapidly developing infrastructure facilities, easy transportation and commute options, property values and land obtain ability for housing and commercial activities have all lent Thane an upper hand as compared to other locations.

The fact that Thane is well connected to various parts of the city has also given rise to entrance of a number renowned national as well as international companies that have set up their base in these regions creating a paradigm shift and transforming it into an alternate CBD’s.  Wagle Estate, Ghodbunder Road, Thane- Belapur Road have become the focal point of commercial and IT / ITeS developments. This shift has also give rise to the development of large land parcels that are being transformed into self contained townships which have better amenities and facilities thus giving customers an opportunity to lead a better lifestyle.

Thane has undoubtedly become that most promising realty destination for potential buyers keen on investing in the Mumbai Metropolitan Region (MMR). With the inclusion of Thane into the Smart City mission, the ‘Vision 2031’ initiated by the Thane Civic Body emphases on infrastructure and capacity building in and around areas of Thane. This constructive move will enhance the locality’s scope for growth and development further.

Here’s why buyers and investors should consider investing in this suburb:
Thane as a locality has simply caught the eye of the investor. The area is bustling with a range of construction activities, because of its excellent road connectivity, high investment revenues and available large parcels of land. It is one of Mumbai’s fastest growing suburb which has opened up as a favourable destination for property investment especially for the budget-conscious buyers.  

Infrastructure facilities boosting connectivity - Being centrally located, the space offers great connectivity to neighbouring suburbs like Mulund, Kalyan, Dombivali, Bhandup, Vikholi, Ghatkopar, Vashi, Airoli and offers great accessibility to International and Domestic Airports. Moreover, its easy accessibility to Eastern Express Highway and MulundAiroli Bridge, adds another feather to the hat. The growth in Thane’s property sector has been supplemented by the speedy infrastructure development. The infrastructure wonders like SCLR (SantacruzChembur Link Road) and Metro Corridor 1 that runs from Ghatkopar to Versova did make commuting to western suburbs an effortless affair. Besides this connectivity via Ghodbunder Road to Dahisar/ Borivali is an added advantage.

 Some more planned future infrastructure developments that are all set to augment Thane’s vast skyline.

Social infrastructure Growth – Thane enjoys an amazing cultural and social infrastructure making it a go-to option for probable investors. The area which was once only confined to the middle-class investors has now gradually attracted a host of buyers ranging from all the segments, owing to its social and cultural scenes.  It offers its residents the pleasure of residing amidst nature in the form of a host of botanical gardens, amusement parks, and river-side promenades. It encompasses some of the most well-known schools, colleges and health facilities like Orchids International school, Billabong High International School, S Singhania School, Jupiter Hospital, Hiranandani Hospital, etc.

The massive advancing connectivity, considerable market potential, top-notch educational and health facilities, and the well-advanced and refining infrastructure amenities is only going to upsurge the property value in Thane as time flies by, thus benefitting the community of builders, developers, buyers and investors alike.

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