With rapid urbanization across the country, real estate prices have also increased considerably in the last few years. The ever increasing prices of property in metro cities like Mumbai have become a challenge for all those who come to these cities to earn a living. Mumbai being the financial capital of India offers job opportunities to millions of people every year and people who plan to settle here and buy new property find it difficult to find affordable housing options due to high prices. Homebuyers have therefore started looking for properties in locations around the city like Thane. In recent times, Thane has emerged as the most promising city for real estate investment. Here we list down the top reasons for the housing boom in and around Thane.
Exceptional transport and connectivity: Located in the north-eastern part of Mumbai, Thane city offers excellent connectivity to Western Suburbs, Central Mumbai, and Navi Mumbai. It is very well-connected to all the corners through rail and road transport. The Central and Trans Harbour Line Suburban railway network connects Thane not just to Mumbai, but other parts of the state as well. The numerous inter-connected highways also add to its popularity. The city enjoys exceptional connectivity with Navi Mumbai, Santacruz Chembur Link Road, Eastern Freeway, Thane-Belapur Road and Mumbai-Nashik Highway. It also has a very good network of inter-city and intra-city buses that operate to and from Thane.
Thriving commercial hub: Thane has emerged as a thriving commercial hub, with multiple business zones, IT parks, and shopping malls in the area. Clariant Chemicals, Syntel, Wool Research Center, and Navnit Motors are some of the many companies you can find in this area. This has attracted several leading real estate developers like The Dynamix Group to develop the best residential projects in Thane. Many of them already have projects in the area. They are cashing on the twin opportunities of the excellent social infrastructure, commercial growth, and higher employment opportunities in that area. Along with this, the TDR policy and other promising policies of the Government have also made this place a preferred choice for real estate investment.
Excellent healthcare facilities: Healthcare facilities play a very important role in any area and the excellent healthcare facilities in this area is also the reason for its growing popularity among people looking for residential apartments. In Thane, you can find many reputed hospitals like the Kaushalya Medical Foundation Trust, Hiranandani, Bethany, Aayush, and Jupiter that offer the best multi-specialty healthcare facilities. Besides these, there are also many private labs and clinics that cater to all medical needs of the people residing in the area.
Home to reputed education institutes: Another factor that influences property buying decisions in any area, especially for families, is the availability of education facilities. Talking about Thane, both Thane East and West, offer excellent education facilities, with some of the best medical, engineering, and professional colleges in the area. You can also find many reputed schools such as Euro School, Hiranandani Foundation School, DAV Public School, Arya Cambridge International School, St. Xavier’s, DG International and Billabong International to name a few. Besides these, Thane is also home to reputed junior and degree colleges like B N Bandodkar College of Science, ICFAI University, and NKT College. So for all those shifting with family and children, prefer buying 2 BHK in Ghodbunder Road, Thane because of the excellent education facilities available here.
With greater connectivity, improving infrastructure and growing social amenities, Thane has emerged as an investor’s delight. If you are planning to invest in real estate, residential properties in Thane would just be the best deal.