Situated in the north-eastern part of Mumbai, Thane has emerged as one of the most preferred destinations among the real estate investors. Fuelled by the developing infrastructure, smooth connectivity, and growing income opportunities, Thane property rates have been witnessing a good surge since last few years.
Considering the pace at which housing projects like Unnathi Woods are being constructed in the city, it is expected to outperform most of the thriving property markets of India. From integrated townships to gated communities, to swanky residential complexes, Thane offers a pool of investment options for its investors to choose from.
Also, with the government now allowing the construction of high-rise buildings in the town, there is no dearth of choices for the investors in different price segments. Let’s have a look at some of the top realty locations of Thane where you can invest:
Badlapur is home to some of the most affordable residential apartments in Thane. With an average property rate of Rs. 3,650 per square feet, it has become a viable location for real estate investments, especially for those looking towards investing in low-budget houses. With several infrastructural projects being under-way, such as two new rail lines between Kalyan and Badlapur, the rates of properties in the area is expected to experience good price appreciation in the future.
- Ghodbunder Road
With the presence of some of the most robust housing projects, such as Unnathi Woods which offers luxurious apartments with some top-class amenities, Ghodbunder Road is one of the fastest-growing areas in Thane. The area also boasts of many reputed hypermarkets, educational institutes, shopping malls, hospitals, banks, and entertainment centers.
Swift connectivity with Mumbai via Eastern and Western Express Highways is another reason which makes this area prudent for real estate investments.
Majiwada is another promising location which is rapidly developing into a residential hub of Thane. The area caters to the diverse needs of homebuyers looking for houses in various budget segments and with different property configurations. The region had witnessed the launch of several new residential complexes during the past 2 to 3 years. With many new builders eyeing the construction of some more housing projects in the upcoming years, the area is poised for further growth in future.
Kalyan is another popular locality that has emerged as a preferred destination among the property investors looking to invest in Thane. It has its own Municipal Corporation to take care of the welfare of the area and is well connected with Mumbai via the railway network and KDMT buses. If reports are to be believed, Kalyan Junction is the third busiest suburban railway station after Andheri and Thane. You can buy properties in Kalyan at an average rate of Rs. 5,200 to Rs. 5,900 per sq. ft.
Asangaon is a coveted residential hub of Maharashtra, well-known for some of the big-ticket housing projects. The area is superbly connected to most of the well-developed localities of Mumbai through a strong network of roadways and railways. The Asangaon railway station lies on the Central line of the Mumbai Suburban Railway Network. Also, the nearest international airport is located at a distance of 74 kms, which is not too far considering the geographical dynamics of Mumbai.