Thane: A Growing Luxury Residential Destination?

A luxurious home makes you feel like the king or queen of your own abode. Thane offers a number of options in the luxury residential segment of the housing market.

Real Estate in Thane: A residential destination in sync with modern home buyers

Many real estate developers are designing and offering options for those with the desire and budget to live large.

Thane city has an abundance of greenery and clean air. It also shares a deep-rooted connect with various art festivals. With 33 lakes, 9 malls, 5 hospitals and more than 50 gardens, the place has been attracting buyers who seek an enriching lifestyle. Statistical data proves that certain areas in Thane have recorded more than 400% hike in the last eight years.

Thane is an integral part of MMR – Mumbai Metropolitan Region, and Maharashtra Government’s blueprint for further developing the MMR includes a slew of major infrastructure development plans. To that end, few projects have already been approved by the Mumbai Metropolitan Region Development Authority (MMRDA).

As Thane enjoys a central location, experts predict that it is all set to experience an exponential growth. Besides, Thane has evolved over the years with amazing social and cultural infrastructure. With an increased number of retail and commercial spaces, Thane is steadily moving towards a self-sufficiency model.

MMRDA’s Approved Projects in Thane

– Better road connectivity between Thane and Kalyan

– Cable suspension bridge between Dombivali and Mankoli

– 32 km Metro Line connecting Wadala to Kasarvadavali

– Thane to Dahisar Mono Rail Line

– Thane to Kalyan Mono Rail Line

Thane city has become a gamut of luxury residential projects offering world class amenities at low prices as compared to Western suburbs and South Bombay. So many developers are moving towards the outskirts of Mumbai, like Vasai, Navi Mumbai and Thane. Amongst all these locations Ghodbunder road, Thane has changed drastically offering galore of options in luxury as well as budget homes.

Within Thane, areas like Pokhran Road, Ghodbunder Road, Kolshet Road provide excellent connectivity to roadways, railway stations, schools, hospitals, etc.

Pokhran Road is witnessing robust capital appreciation in Thane. Property values in Pokhran road have been increased by 30-40 % in the last few years. With the pace of development in infrastructures, residential and commercial real estate sectors and connectivity, Pokhran Road is topping the charts for investment.

Ghodbunder Road has an edge over other locations owing to the relatively lower prices when compared to the heart of Thane city. It offers a range of projects, from the affordable segment to premium segment. As the city grows, this area is seeing rapid appreciation in the property market. All of these factors contribute to making Ghodbunder Road a good option for end-users and investors alike.

Lifestyle of today’s generation demands for more facilities in terms of sports, location (Shopping malls with big brands) and to provide all these facilities a builder need large land parcels, which are available only in the outskirts like Thane. Even families prefer buying homes in such projects where the kids have maximum exposure to sports facilities for physical and mental development. From senior citizen point of view also, Thane Ghodbunder road would complement their needs and requirements because these projects have more open spaces, specially designed quiet areas for senior citizens where they can stay active by performing Yoga in fresh air.

Real Estate in Thane – A Promising Destination for Home buyers

Now you too can decide if these offerings appeal to your lifestyle needs.

Do let us know your thoughts in the comments!

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