The impact of the COVID 19 pandemic has given people a fresh perspective on owning their own abode, and the real estate is moving. Looking at your portfolio, what do you think makes the best location for your property investment in a market brimming with potential.
Explore the numerous reasons why purchasing a residential property in Thane can turn out to be one of the best investment decisions you have ever made.
The real estate industry has always been perceived as an ever-growing market from an investing perspective. Over the years, the property prices have had a tendency to witness an upward graph, and properties in Thane have followed the trend gracefully. In the last 5 to 6 years, the residential properties in Thane have sustained a level of gradual growth in prices. The average price range in Thane West shifted from INR 10,503 per sq. ft. in 2015 to INR 12,634 per sq. ft. in 2021, whereas the region of Thane East saw a whooping boost from INR 9,527 per sq. ft. in 2015 to INR 13,780 per sq. ft. in 2021. The residential properties in Thane around the surrounding locations experienced similar price appreciation, eventually bulking up the asset column of the real estate investors. According to the historical statistics, the property rates in the Vasant Vihar region of Thane increased from INR 12,404 per sq. ft. in 2015 to INR 13,285 per sq. ft. in 2021. The Teen Haath Naka saw a dramatic rise from INR 13,761 per sq. ft. in 2015 to INR 17,205 per sq. ft. in 2021. The most sought location in Thane, the Ghodbunder Road, never experienced a value dip and appreciated from INR 8,861 per sq. ft. in 2015 to INR 10,978 per sq. ft. in 2021. And the elite properties at the Pokhran Road, Thane, rose from INR 11,703 per sq. ft. to INR 13,936 in 2021. These statistics display a proven potential in the real estate of Thane city.
Understanding the increasing effects of an inevitable climate change, homebuyers have started opting for properties closer to a natural setting. Additionally, the pandemic effect has been an eye-opener concerning the importance of healthcare. These factors, backed by the fact that Thane is encircled and studded by lush nature, contribute to a very bright future of the city`s real estate investments. The residential properties in Thane are located around the serenity of the freshwater water bodies like the Upvan Lake, the Talao Pali Lake, the Kachrali Lake, the Masuda Lake, and the Kelwa ocean side. The Thane creek hosts various migrating bird species, including the fascinating flamingos, as the magnificent Sanjay Gandhi National Park cleanses the air with its dense greenery. But this is not it. The delight of the Gavli Dev Waterfall & Bird Sanctuary makes for a peaceful outing, and the Yeoor Hills is an excellent trekking point. Thane is one of the very few cities that offer such an abundant bliss of nature right at your doorstep. Therefore, from a future-oriented perspective, properties in Thane will make a wise investment choice.
Linked to the essential junctions of the state, Thane provides the most seamless connectivity throughout the region. The city is connected to Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway, and Thane-Belapur Road that connects Thane to Navi Mumbai and Mumbai`s Eastern-Western Suburbs. Such exceptional connectivity reduces the commute time, holistically increasing the city`s net worth. Metro Line 4 is a 32.32 km elevated line with 32 halts that stretches from Wadala to Kasarvadavali. This network will improve transit while minimising travel time by 50% to 75%. Not to forget the lifeline of Mumbai, the city is connected to Mumbai`s local train network via the Central Harbour Rail Line, Thane-Panvel Rail Line, and Central Railways.
From being a piece of barren land to now owning the USP of hosting opulent and high-end townships, the city of Thane has come a long way. Realising that a dream of living a lavish life in a space-crunched city like Mumbai is a far-fetched idea, investors are optimistically looking up to Thane. The properties in Thane city now provide homes in gated communities with 4 to 5 BHK apartments. Indoor game rooms, centrally air-conditioned and fully-equipped gymnasiums, indoor swimming pools, clubhouses, party halls, children`s play spaces, mini theatres, and other modern amenities in residential properties in Thane are now available in plenty. The city is no longer a low-cost suburb but an essential element of a luxurious lifestyle. The locations like the Ghodbunder Road, the Pokhran Road, and the Vasant Vihar region, well known for extravagant properties, are the top choices of home buyers looking for premium apartments in a metro city. A typical reason why property in Thane must be under your radar for an investment is a gradual increase of elite and high-end communities in the city.
Another reason investing in Thane is an exceptional opportunity for the long run is because the city is evolving into a fully functional urban township. Owning residential property in Thane means settling down in a lap of opportunities with a cluster of commercial establishments. Therefore, youthful professionals from the encompassing regions are amassing to Thane, adding to the city`s corporate potential and opening the way for the commencement of all the more notable brands and organisations. However, the existing experts operating in the city include Tata Consultancy Services (TCS), DIL Limited, Bayer India, Otis Elevator Company, Voltas, Bharat Insulation Company India Private Limited, and so on. The city is also an attractive hub for exciting nightlife and day outs backed by top-tier healthcare systems. Large-scale migration has been witnessed over the years, making Thane an essential candidate for potential real estate investment.
Exploit the opportunity when it is knocking at your door! Make the best out of a location at its growing stage and employ your funds towards residential properties in Thane.
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