Why invest in Thane, Mumbai

January 2016

Being an NRI, it can be a tad challenging to choose a good real estate investment location in India. Mostly, we get to hear about the metropolitans or Tier I cities. But seldom have we realized that some sister/satellite towns of prominent cities are gaining better growth prospects. One such place is Thane, situated around 23 km from Mumbai’s International Airport. Interestingly, when compared to Mumbai, real estate market in Thane has shown holistic growth and steady returns. So, if you have been pondering whether to invest in Thane? Know it here in a nutshell:

Robust connectivity

By road

Thane enjoys superb connectivity to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. 

By rail

The Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai's railway network.

Future prospects

The proposed metro rail would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half. Other future infrastructural developments include construction of the Thane-Diva Road, Bhiwandi bypass flyover, metro to Kalyan and Mira - Bhayander areas and parallel roads from Thane to Kalyan along the metro line.

 

Consistent property appreciation

Ghodbunder Road (GB Road) in Thane has seen a phenomenal property appreciation over the last decade. It can be called the anchor of Thane’s glorious real estate market. Since 2009, real estate experts believe that property buyers on GB Road have enjoyed a 300% growth in the last five years!

 

Future Prospects

With an estimated 40% increase of employment opportunities in the Mumbai Metropolitan Region (MMR), including Thane, hike in jobs would entail a major increase housing needs. This indicates toward a certain property appreciation prospect.

 

Cosmopolitan & Serene Ambience

Infrastructure

Thane houses many renowned schools and colleges, famous hospitals, easy accessibility of mega multiplexes and great weekend getaways.

Climate

Thane enjoys nature's scenic beauty with many lakes and picturesque hills. It offers amusement parks, botanical gardens and river-side promenades.

 

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