The Best Housing Investments in Thane

Increased traffic, air pollution, residential and commercial pricing in Mumbai have led to an upsurge in residential demand in Thane.

Due to a variety of causes, a few housing belts in Thane, notably Bhiwandi, Kalyan (East), and Kapurbawadi, have guided realty markets throughout the years.

Since the last few fiscal years, certain regions in the Thane district have experienced exponential expansion. Property values have risen dramatically in Bhiwandi, Kalyan (East), and Kapurbawadi, owing to large-scale commercial development, strong connectivity, and outstanding social infrastructure. The relative affordability of these locations is also a key driver of residential real estate development.

Kalyan

Due to its strategic position and great train access to job centers in the Mumbai Metropolitan Region, Kalyan, Maharashtra’s seventh-largest city by population, has seen a continuous expansion in its real estate sector (MMR). The nomination of the twin towns of Kalyan-Dombivali for the Central Government’s Smart City initiative boosted property values even further.The influence of numerous growth factors has resulted in considerable price increases during the last few years. Kalyan is being hailed as the new Thane. Demand for inexpensive housing has been slowly moving to the former as the latter has become increasingly congested and pricey. Residential houses priced between Rs 35 lakh and Rs 65 lakh are generally accessible in Kalyan, according to the same survey.The Mumbai Metropolitan Region Development Authority (MMRDA), which is most known for transforming the marshy area into MMR’s main economic hub, the Bandra-Kurla-Complex, has its sights set on Kalyan as well.

Bhiwandi

Bhiwandi, a significant logistical center in Maharashtra’s Thane District, sends thousands of industrial and retail items to Mumbai every day. For firms like Flipkart, Amazon, Pepper fry, and Myntra, the region has evolved as a storage hub within the logistics industry.As a result of the large-scale commercial growth, there has been a consistent demand for good-quality, affordable housing in the neighborhood. As a result, Bhiwandi has grown in popularity as a popular residential area that provides outstanding social infrastructure, affordability, and convenient access to both Pune and Mumbai due to its location along the Mumbai-Nashik highway. Bhiwandi’s typical property costs are about Rs 5,000 per square foot.The projected Mumbai Metro Line 5, which would run from Kapurbawdi to Kalyan and will begin in Kapurbawdi and terminate in Bhiwandi, is expected to offer the concerned residential sector a boost. By October 2024, it is expected to be operational.

Kapurbawadi

Due to its strong social infrastructure, connectivity, reasonable pricing points of wealthy real estate items, and ecological advantages, many investors and purchasers from Mumbai and other MMR districts are rapidly adopting Kapurbawadi. The area’s closeness to important employment centers within Thane, such as the Ashar IT Park and Thane One Corporate IT Park, as well as future business parks in Kalyan, has resulted in the continuous expansion of its real estate market.Other planned infrastructure projects include two forthcoming metro lines linking Kapurbawadi to Kalyan and Kasarvadavali (approximately 12 minutes by car from the target region) to Wadala, as well as parallel roadways. These will cut present commuting times in half, resulting in a significant increase in house costs in the affected region. The average capital demand per square foot is Rs 13,000.

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