An overview of Thane’s property market
Located close to a lot of townships of Badlapur, Bhiwandi, Dombivali, Kalyan, Navi Mumbai, etc, Thane is a well-developed suburban district of Mumbai. Thane has gone through various changes and developments in the past few years and has proved to be a city in itself. This has boosted the real estate scenario in Thane.
The whole district can be divided into western and eastern halves. The western half of Thane is well developed in real estate as it is close to the Eastern Express Highway. The real estate market is quite fresh in Thane. Thane west is also surrounded by landmarks like Sanjay Gandhi National Park, Upvan Lake and Kanheri Caves.
Keeping pace with the developments of Thane west, Thane east also has various new projects which are under construction. Buying flats in Thane can be beneficial as it has the best schools, hospitals and shopping centres.
The Eastern Highway connects Mumbai and Thane, thus, ensuring smooth connectivity. Many famous and well-known builders have established their real estate market by selling flats in Thane. Right from 1 BHK, 2 BHK, 3 BHK to even 4 BHK, it is one of the best places to invest in right now. Builders like Lodha, Hiranandani, Rustomjee, Hubtown, etc are building their way in Thane.
The reduction in the number of Covid-19 cases has increased a lot of focus on Thane. The city’s real estate housing market has seen major growth this year. The residential sales in Thane grew by 20% in 2020.
A major housing development was garnered by Kapurbawadi, Majiwada, Kolshet Road, and Ghodbunder Road. Due to the non-operational train network, sales beyond Thane were a bit low. Many people favoured the mid-sized 2 BHK units that cost 50-80 lakh and where the project completion time was one year.
In the micro-markets of Badlapur, Dombivali, Kalyan and Ghodbunder Road, 25 real estate projects were introduced which had a range of 1 BHK and 2 BHK houses.
The newly launched projects of prominent builders have led to a large chunk flocking towards Thane. This has led to the rise in demand for real estate properties. Due to the well-designed flats in Thane and amazing societies, many people prefer Thane as their residence.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
