Why invest in property in Thane?

Thane once called the ‘Satellite City’ of Maharashtra, has seen a complete transformation. The area is now emerged as one of the hottest hubs of Mumbai and has excellent connectivity to the major parts of the city. The area is well connected via the National highways 3 and 4 which connect West Thane to other parts of Mumbai.

A number of proposed metro services which are in the pipeline are slated to cut traveling time between Wadala and Thane by almost half. The Thane-Dive Road and Bhiwandi Bypass flyover will also be a game changer for Thane. The upcoming metro-3 projects to Kalyan and Mira-Bhayander areas will further enhance connectivity for residents. Parallel roads built near the metro corridors between Kalyan and Thane are also expected to improve connectivity with surrounding areas.

The Ghodbunder Road is a major connectivity lifeline which will connectboth the Western and Eastern Express Highways. All these upcoming connectivity developments make Thane one of the top places to invest in India over the next few years. The price of property in the area is expected to go up in the near future due to the social and civic infrastructural development.

Affordability is one of the main factors that makes Thane one of the most lucrative markets for investment. The demand for premium housing has also gone up in the area. Over the years, the city has emerged from asmall town to a well-built metropolis. It has well-maintained roads and flyovers and rapid infrastructural development which has made it the first choice for homebuyers and families.

Thane is also a thriving commercial hub, and has multiple IT Parks, business zones and shopping malls. There has been an increase in employment opportunities in the area which has led to a number of people migrating to the suburb. The widening of existing roads, the new cluster policy, TDR policy and other favourable policies of the Government, has attracted a number of leading real estate developers to Thane to meet the increasing demand for residential property.

Thane-Ghodbunder Road area has become a coveted residential cum commercial hub. It is near Kolshet Road which is next to several IT and ITeS hubs that are coming up in the vicinity. The locality has a number of top business parks, like Lotus Park, Thane One Corporate Business Park, Sunrise Business Park, Reliable Tech Park, Odyssey IT Park, Maitri Park, and Nitco Biz Park.

Selecting the right location for real estate investment is crucial. Some of the important rules to follow are investing early, investing for the long term and selecting a property which has good connectivity and infrastructure. Ghodbundher Road has seen the highest hike in prices over the last few years and remains a favourable investment destination.

One of the most popular projects in Thane is Neelkanth The Verraton which offers 3 BHK and 4 BHK apartments ranging from 980 sq. ft. to 1470 sq. ft. The price of the apartments starts at Rs 1.83 crores. The ready to move in property is filled with luxury amenities and is one of the best options for investment.