With stock markets and mutual funds showing little growth during last year, investors are looking for more dynamic investment avenues with a potential to generate higher returns or create constant income opportunities. As a result, real estate as an investment tool is gaining more prominence among the Indian investors. The growing population and increasing urbanisation within the country is directly proportional to the rising property prices in cities like Mumbai, Pune, Bangalore, and Hyderabad.
Thane, which is situated in the north-eastern part of Mumbai has recently emerged as a hotspot for property investments in India. Driven by multiple connectivity links, growing employment opportunities, and upcoming infrastructure projects, it has become a sought-after destination among the real estate investors. With many upcoming residential projects like Mahavir Kalpavruksha and an increasing influx of people, Thane is expected to outperform some of the most thriving property markets of India.
Let’s look at some of the key factors that are attracting the investors to purchase real estate properties in Thane:
Massive infrastructural push
Thane is witnessing a massive infrastructural push with central and state Governments planning to propel it into a ‘Smart City’. A proposed 32-km metro link between Thane and Wadala along the Ghodbunder Road is expected to reduce the travelling time to Mumbai by half. Other ongoing infrastructure projects such as construction of Thane-Diva Road, Bhiwandi bypass flyover, third metro line between Kalyan and Mira – Bhayander etc. is expected to provide a massive boost to the property sales in Thane.
In addition to this, Thane also boasts of a very good social infrastructure with many reputed educational institutes, healthcare facilities, shopping malls, and entertainment centres located in and around the town. Apart from IIT Powai, which is just 20 kms away from Thane, big malls and multiplexes like Korum, Viviana, Cinemax, and Lake City are also working as big attractions for home buyers and property investors.
Smooth connectivity with Mumbai
One of the primary factors that is influencing the investors to invest in Thane is that it is smoothly connected with the financial capital of India. Thane enjoys exceptional connectivity to the Eastern and Western parts of Mumbai through Ghodbunder Road, JVLR, SCLR, NH 8, Eastern Freeway, Mumbai-Nashik Road, and Thane-Belapur Road. Besides, the Central Harbour rail line and Thane-Panvel rail line connect Thane with the railway networks of Mumbai to facilitate seamless connectivity between the two towns.
Availability of affordable houses
While property prices in the neighbouring Mumbai city are sky-high, Thane is known to provide affordable houses to the young jobseekers near the city of dreams. There are many new projects in Thane, such as Damji Shamji Mahavir Kalpavruksha at Ghodbunder Road, where you can find spacious 1 and 2 BHK apartments at prices starting just Rs. 63 lakh. Also, with the government now allowing construction of high-rise buildings in Thane, there are more choices of budget and luxurious apartments for the investors.
High price appreciation
Thane has been witnessing a significant jump in real estate prices since 2016. Key areas of Thane such as Kolshet, Khopat, Vasant Vihar, and Panchpakhadi have seen a price appreciation of around 30 to 32 percent during the past 2-3 years. According to the market experts, properties in Thane will be quite immune to any price corrections, making it perfect for investors looking for high returns on their investments in minimum time period.
Apart from the above-mentioned factors, abundant natural beauty of Thane in terms of green mountain ranges and pristine lakes adds value to its real estate market. No wonder it is ranked among the top 20 cities in the world where the property investors would want to invest.
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