Look out for new projects in Thane, an upcoming residential hotspot

Posted by Shikha Desai on February 14th, 2019

• The Mumbai and Mumbai Metropolitan Region (MMR) real estate market of today is undergoing a paradigm shift.
• Reforms such as The Real Estate (Regulation and Development) Act, GST and Insolvency Bankruptcy code have brought in accountability and transparency.
• These factors have led to a boost in home buyers' confidence.
• Rising urbanization, newer business hubs, and districts and aforementioned factors together have led to certain suburban localities to become "premium pin code destinations".
• One such residential “hotspot” of today is Thane, and new projects in thane provide numerous affordable housing options.

The Concept

• The basic premise governing investing in property in Thane and other such upcoming suburban regions is that emerging regions have higher growth and returns potential compared to their saturated counterparts.

About Thane

• The real estate market of Thane is regarded to be among the Top 20 in the world. To know more, read along!
• Thane is segregated into two sections – Thane east and the relatively affordable housing of thane west.
• The flats in thane west are apt for those seeking spacious homes at affordable prices.

Why Thane

• With numerous flats in Thane available for investment, this is a good time to look at real estate in the Thane pocket at least from an investment viewpoint.
• According to a housing.com article dated November 1, 2017, the “Thane Smart City” project has received approval worth INR 700 crores.
• In addition, Thane has digitized its services through its “Digi Thane” mobile application.
• The application will make the lives of residents more convenient through easy access to the Thane Municipal Corporation services.
• With many information technology (IT) companies shifting bases to Thane, the district is also a service and technology hub.
• Thane’s robust connectivity and infrastructure developments are the primary growth drivers.
• These factors have paved the way for upcoming projects in Thane.

Micro-pockets to look at within Thane

Badlapur

• The locality is one of the most affordable residential hubs.
• It is a promising returns-generating micro-pocket.

Manpada

• The locality is ideal for affordable-to-mid level housing, such as those seeking 2 bhk flats in Thane.
• Seamless connectivity, robust infrastructure and an upcoming base for commercial establishments will provide residents with a comfortable commute to their workplace.

Ghodbunder Road

• A goldmine for affordable housing, there are numerous ready possession flats in Thane Ghodbunder road. 
• The locality provides a seamless commute to the adjacent Mumbai city.
• The locality also has a strong social infrastructure.

In light of the aforementioned factors, the upcoming smart city of Thane is a residential hotspot to look out for.

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