Real estate is a great investment option and can help with passive income, also the value of the property may appreciate over time. One of the locations you can consider for real estate investment is Thane District.
Thane is well connected to Mumbai and other states via a strong network of roadways and railways. There are several upcoming locations in Thane that will develop in the near future, while some are already developing at an exponential pace.
With major development plans by the government for these areas the property rates at these locations are currently moving upwards at a steady pace, People are moving towards Thane for various reasons and Thane is emerging as an upcoming real estate hub. In recent years, Thane has significantly developed from a small town to a well-built metropolis.
Thane has a well-developed infrastructure that connects Thane to numerous parts of Mumbai. Several flyovers connect the internal areas of the city to many locations of Mumbai. Exceptional connectivity via the central and harbor line has also been an added advantage of the city.
With many lucrative offers by builders and many government schemes for buyers like reduction in stamp duty for women homebuyers, real estate buyers are very pragmatic towards buying their dream home in thane.
Top 7 locations to invest in Thane:
Ghodbunder road runs through several key localities like Kasarvadavali, Kavesar, Hiranandani Estate, Brahmand, Patlipada, and Majiwada of Thane West. With all these infrastructure developments in various stages of completion or approval, Ghodbunder Road has become one of the most prime real estate destinations of MMR. The proposed metro rail is also stationed at the Ghodbunder Road which will travel between Thane and Wadala.
Some amazing projects in Ghodbunder road are Vihang Vermount (85 lakhs onwards), Dynamix Parkwoods (1.05 Cr onwards), Lodha Codename Unbelievable (85.68 lakhs onwards), Unique Greens (75 lakhs onwards), Zenith, Dosti Desire (85.83 lakhs onwards), Rumah Bali (64 lakhs onwards), Vista Godrej Emerald (79 lakhs onwards), Madhav Palacia Kingston (90 lakhs onwards), Vihang Eco homes (46 lakhs onwards)
With several projects already underway in Manpada, one can look at growing returns on Real Estate in the next 5-6 years. Manpada is a prime location in Thane and it’s seeing massive development and is a great place to invest from a long-term point of view. Manpada has a decent blend of completed as well as under construction mid and high-segment residential projects. The railway station is around 5.5km, Mumbai airport around 25kms, and the nearby metro might be operational by 2023.
One project that’s distinct from other projects in Manpada is The Verraton Codename Hallmark (92.9 lakhs onwards) which offers 2,3 BHK bungalows with ample amenities.
Kolshet road connects Eastern Express Highway to Western Express Highway and acts as a bypass for Ghodbunder Road. Kolshet is already in a developing stage. Kolshet creek also known as Retibunder as the supply of sand used for construction comes from this place.
Construction of Mumbai University’s Sub Center has also started in the vicinity and also has several schools, hospitals nearby. The 6-lane Kolshet road has emerged as a prime destination for homebuyers. With plenty of open space and greenery, there are several reputed builders already developing the area.
The major upcoming projects in Kolshet road that are built by some prominent builders are Launch code starlight by Kalpataru group (82 lakhs onwards), Lodha Casa Celeste by Lodha developers (69.35 lakhs onwards), Pride Palms by Larkins group (1.14 Cr onwards) these projects have amazing amenities and are spread across acres of land.
Real estate in Asangaon is currently developing as an affordable and mid-segment housing hub catering to homebuyers who want compact and affordable homes. There are several under construction and ready possession township options available here with great amenities and connectivity. It has unending acres of greenery stretching out and picturesque views of enchanting Sahyadri Mountains.
Some amazing projects which offer beautifully designed homes with a plethora of amenities in Asangaon are Royale City (18.2 lakhs onwards), Royale Shagun (9.9 lakhs onwards).
Shilphata is a junction connecting Thane city to Navi Mumbai and Kalyan-Dombivali. The MSRDC is working on widening the existing four-lane stretch to six lanes for smooth traffic flow. The 21-km-long Kalyan-Shilphata route is a vital link that connects Kalyan-Dombivli-Bhiwandi-Thane to Navi Mumbai. Kalyan Shilphata has some amazing housing options made by some extraordinary builders.
Some of the amazing projects in Kalyan Shilphata are Dynamic Crest (39 lakhs onwards), Lodha Codename Prime Square (41.94 lakhs onwards), Shanti Luxuria, Paraiso (38.54 lakhs onwards), Lodha Lakeshore Greens (45.9 lakhs onwards)
Over the past few years, Badlapur has become an upcoming location for real estate investors and a major residential hub. The property prices are moving up slowly with significant development in Badlapur. Badlapur is well connected with Mumbai by Rail and road network. Badlapur is home to affordable housing and a lot of renowned builders have ready and under construction options available in Badlapur.
Some amazing projects that are currently under progress in Badlapur are Precious Harmony (15 lakhs onwards), Platinum Sagar (13.43 lakhs onwards), Magnus Prime (19.99 lakhs onwards), Sai Kishan (28.75 lakhs onwards), Poddar Wonder City (20 lakhs onwards), Sky Gardens Godrej Vihaa (28.95 lakhs onwards)
Shahapur is one of the fastest developing areas around Mumbai. Shahapur is well connected by rail and road. It is an upcoming residential area in the Thane district and is covered by the lush green Sahyadri mountain ranges. With many upcoming projects in Shahapur, the prices will definitely move up. So it’s best to invest now to reap the benefits in the future.
Chintamani Habitat (20.5 lakhs onwards), Chintamani Plaza (22.84 lakhs onwards) which has Mauli Fort & Shahpur Gurudwara all in close vicinity
These locations in Thane are being slowly explored by prospective investors as an investment option. There are many other projects going on where one can look at the best properties to invest in Thane. With fast-developing social infrastructure and exceptional connectivity, Thane’s booming real estate market fulfills all the expectations of an avid home-seeker.
Source – www.thepropertist.com