A City of Affordable Housing - Thane

Land parcels available in Mumbai are very expensive. It is considered as one of the most densely populated cities in the world. Mumbai is always going to be the city of dreams, the demand for real estate properties in Mumbai is not going to go down anytime soon. Therefore, many real estate developers are developing areas beyond Mumbai like Kalyan, Vashi, Thane to reduce the demand in Mumbai areas.

Thane’s real estate market is serving homebuyers with various residential and commercial properties options those who love luxury but at the same time looking for affordable properties. According to the experts, Thane is now home to more than 800 projects in various stages of construction with different price range starting from 40 lakhs to going as high as 10-15 crores. The definition of affordable housing changes as soon as you enter the developed areas of Mumbai city.

The real estate market is fully aware that there is hardly any land parcel available in Mumbai and that they have got a lot of land in Thane. People want to live in Thane and Thane is a growing and developing market now. The quality of life is improving day by day with better connectivity, roads becoming better, new metro coming up in Thane. The government is aggressively pursuing projects under the affordable housing sector in this state and these new projects will add significantly to the affordable housing stock in a flourishing city like Thane.

If you are looking for flats with world-class amenities with your planned budget why not check out stunning new residential projects launched by many renowned developers in Thane making your life comfortable. The location of these projects is having all the necessary social amenities and everyday utilities needed nearby. The affordable housing segment is trying their best to fulfill its promises and change the fate of the real estate market in Thane. Affordable housing is emerging as the preferred segment in the real estate sector so far. The government is also favoring this segment by providing tax benefits under the Prime Minister’s Awas Yojana (PMAY). This is also favoring many developers and builders as they now have enough time to complete the projects in 5 years. This infrastructural growth is contributing to the development of Thane.