Thane, Navi Mumbai realty hotspots now
The growth graph of the realty sector in the areas of Thane and beyond as well as Navi Mumbai have set a good example for the realty market. The striking growth has impressed many developers, buyers and all the concerned people of the real estate industry. Experts believe that one of the major reasons for the steep hike in property prices and high demand from buyers is the fast-paced development in the area coupled with several upcoming projects that will enhance connectivity in the coming years.
Another reason for major shift of property buyers in Thane and beyond areas like Kalyan, Dombivli, Badlapur, as well as in the areas of Navi Mumbai, is the setting up of several private companies in these areas. "Demand for the office space in the last several quarters has increased and is expected to continue in the same direction for next few years as well.
In fact, the demand for Grade-A office space is outstrip ping supply, with many new start-ups in the tech space, global MNCs, IT and telecom companies expanding operations especially in Navi Mumbai. This is definitely a good trend, one which we hope to see continue," said one of the leading developers.
It has always been observed that opening of job opportunities in any area brings with it major increase in housing demand, and subsequently generate further capital appreciation for real estate investments. The central location of the place, adequate public transport, and the presence of all the basic and luxurious things have undoubtedly made Thane and Navi Mumbai the most preferred choice for home and commercial property buyers.
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