Important Factors To Decide The Best Area To Buy A Residential Property In Thane

Important Factors To Decide The Best Area To Buy A Residential Property In Thane

If purchasing a dream home is at the top of your bucket list, there are a few things to consider before taking the plunge.

It`s everybody`s dream to own a residence. Buying a residential property in Thane is a long-term commitment that requires a lifetime of savings. As a result, the choices you make during the house-buying process might mean the difference between a home that will be a joy to your family for many years and a property that will become a financial burden.

The real estate market is quite volatile. Individuals can buy for a variety of reasons, including investment or self-occupation. It involves money outflow in either case. Buyers want their money to be invested in a safe and secure environment. This is only achievable if a few essential issues are addressed.

5 Essential Issues to Address Before Buying a Residential Property in Thane:-

1. The Locality

This isn`t a little-known fact, but it`s important enough to note. One thing you may do is go to the site and look around. You can also set a timer for the important points of travel you`ll be using frequently, such as a metro or train line. Check out the area at different times of the day, as traffic at night differs from that during the day. Understand the traffic flow around the times you normally leave and return from work.

These are just a few of the many essential due-diligence procedures that must be completed before registering on the dotted line, since they will have a significant impact on your peace of mind and, in the long term, your financial troubles.

Builders used to postpone possession dates for a residential property in Thane during the pre-RERA phase, causing a lot of hardship for families. They were powerless since the money was tied up. The builder did not always deliver everything that was promised, and there were other issues that made the buyer`s life more difficult. These issues were resolved when RERA was implemented, thanks to the government`s efforts to implement it and make the real estate sector more transparent.

2. Credibility of The Developer

With so many developers failing to complete residential projects in Thane, getting into debt, or declaring bankruptcy, it`s more crucial than ever to understand the pace at which past projects were completed, the developer`s financial situation, and even the banks that are financing them. This type of research will save you a lot of time and money in the long run.

Choose well-known developers with a track record of success. A reputable developer will belong to trade organisations such as the Confederation of Real Estate Developers Association of India (CREDAI) or the Builders Association of India (BAI). These organisations have tight guidelines for builders, and breaking them might result in the company being blacklisted by the organisations.

3. Legal Issues

Verify if the residential property in Thane has been approved by the local government and has gotten all necessary NOCs, such as the IOD and CC. Check the land rights and records to ensure that everything is in order. You can employ a lawyer to perform due diligence for you.

4. Unknown Hidden Charges

Understand all of the documents of the residential property in Thane thoroughly and discuss any concerns or questions you may have. Other fees to consider include GST, registration fees, and so on. Consult an accountant to see if all of your documentation is in order and what other fees you should expect to pay.

5. Level of Security

Security aspect gains importance if you are staying with family. This is a highly essential issue for most house buyers. Nobody wants to buy a house in a high-crime area. To avoid any serious incidents, some homes also provide CCTV security surveillance.

Best Residential Properties in Thane

For those seeking to invest in a residential property in Thane but are puzzled whether it is the right time to buy a flat or not? Here is a comprehensive list of items to consider when purchasing a flat in Thane.

Thane could be an excellent place to invest in real estate. One of India`s well-kept motorways connects Mumbai to a number of locations via Thane, making it easy to visit interesting places in and surrounding Thane. If you`re looking for a place to live that`s free of urban congestion and full of open spaces, vegetation, and fresh air, Thane is the place to be.

Thane District is regarded as one of the most opulent areas in the state of Maharashtra, and it is currently home to a plethora of inexpensive residential projects not just in Maharashtra but around the world.

Top 3 Areas To Lookout For A Residential Property In Thane:

1. Raunak Unnathi Woods, Ghodbunder Road.

”Unnati Woods” is a delightful place to call home for all the home-seekers. This magnificent building complex can be described as a perfect blend of natural beauty and opulence that enriches your lifestyle. Unnathi Woods is a one of a kind residential property in Thane that is ideal for those who desire to live in the midst of nature. You and your family can live a pollution-free and stress-free existence in the domestic space. The residential flats are spacious and well-equipped with all of the necessary and modern conveniences for a comfortable lifestyle.

Highlights of Amenities offered at Raunak Unnathi Woods:

  • Club House
  • Intercom
  • 24 X 7 Security
  • Car Parking
  • Community Areas
  • Solar Panels For Hot Water
  • Rain Water Harvesting
  • 24x7 Security
  • 24/7 Water Supply

2. Lodha Amara, Kolshet Road:

Kolshet is located in the heart of Thane East and Thane West. It is home to a variety of service classes as well as the local Marathi and Gujarati business groups. “Lodha Amara”, KalpataruImmensa, Lodha Sterling, Elite Platina, Kalpataru Parkcity, Sunrise, and other prominent projects in the region by developers such as Lodha Group, Kalpataru Group, Terraform Realty, and others.

Lodha Amara is a well-planned project strategically placed on Kolshet Road. It is stretched out over a 40-acre span. This project consists of 4958 units in total. It`s a well designed residential house that`s designed to impress.

Amenities offered at Lodha Amara, Kolshet Road:

Mini Cinema Theatre, Power BackUp, Elevator, Club House, Swimming Pool, Gymnasium, Reserved Parking, Multipurpose Courts, Multipurpose Hall, Event Space & Amphitheatre are just few of the facilities and amenities available at Lodha Amara.

3. Raunak Residency, Vartak Nagar

“Raunak Residency” is a well-planned project strategically placed near Vartak Nagar, Thane West. It takes up a total of 2 acres of land. This project consists of 394 units in total. It`s a well designed residential house that`s bound to impress.

This well-designed complex features three towers, each with its unique set of benefits. Power backup, visitor parking, intercom facility, maintenance staff, waste disposal, RO water system, banquet hall, piped gas, flower gardens, and an indoor games room are just some of the amenities available at Raunak Residency. Enjoy the pleasures of living in Raunak Residency, which has everything you need.

Key Factors To Choose This Project:

  • A stunning view of the lush green Yeoor Hills as well as Upvan Lake.
  • The Eastern Express Highway is around 10 minutes away.
  • Ample parking space availability.
  • Access to both municipal corporation and borewell water.

Conclusion: Final Thoughts!

Thane is indeed a favourite choice among homebuyers if you`re looking to make a purchase. It offers cheap housing options to prospective investors and purchasers, in addition to seamless access to business districts of suburban Mumbai and South Mumbai.