Real Estate Investors View Residential Projects In Thane As Big Opportunities Post-Covid

With the second wave of Covid-19 sweeping the country, we`re back to partial knockdown and a bunch of limitations. This is affecting the real estate market and delaying important property transactions. While there were indicators of a major recovery in the real estate market in the first quarter of 2021, we are now seeing a temporary halt in an upward trend. More shortened dwelling sales and scrapped/delayed development of residential projects in Thane are anticipated to occur in the months ahead.

The Real Estate (Regulation and Development) Act of 2016 made the real estate business more transparent and accountable. The confidence of property buyers has increased as a result of this. The modern home buyer is looking for open areas, a pollution-free living environment, connectivity, infrastructure, and inexpensive property rates, among other things. Thane is one area that meets all of the criteria for being an ideal real estate investment location. There are many open green spaces, hillsides, and water bodies in this metropolis. Here are some of the key reasons why Thane should be your next real estate investment.

So readers must be familiar, Thane City has been named as one of India`s smart cities. It has been designated as a smart city under India`s 100 Smart City Mission by the Ministry of Urban Development (MoUD). Prime Minister Narendra Modi spearheaded the much-anticipated and ambitious "100 Smart City Mission."

The Smart Cities Plan will help cities compete in the twenty-first century economy. It`s a plan to help cities become more profitable, accessible, and sustainable by attracting talent, enabling progression, and creating jobs and development.

Reasons Why Residential Projects In Thane Are In Demand:

- Availability of Trusted Real Estate Developers:

Purchasing a property from a reputable real estate developer ensures that the building materials used are of high quality, that common areas are well maintained, that world-class amenities are available, and that the overall life experience is enhanced. Owning a property in new residential projects in Thane might also help you get good rental income if you decide to rent it out. Fortunately, reputable real estate developers have set up shop here, giving you a wide range of trustworthy options.

- Ghodbunder Road Is A Trending Location:

While areas like Thane West can be pricey, places like Ghodbunder Road can help you get a better deal on upcoming residential projects in Thane. Furthermore, recent data shows that apartment prices on Ghodbunder Road are increasing at a 33 percent annual rate, which is 13% higher than the average price in Thane West.

- Other Services & Amenities:

Thane is home to a number of well-known hospitals, schools, and shopping centers. Hospitals such as Jupiter, Bethany, and Fortis, among others, all provide top-notch medical care. Smt. Sulochanadevi Singhania School, St. Xavier`s English School, Orchids International School, and C.P. Goenka International School are only a few of the city`s best schools. Viviana Mall is one of Thane`s largest shopping malls, with a diverse range of international brands, restaurants, and other amenities.

- Backdrop of Nature:

Even though Thane is a bustling metropolis, there are still plenty of green spots to be found. The Upvan Lake, Gaimukh Creek, and Yeoor Hills provide unparalleled beauty and serenity. When the city becomes too much for you and you need a break, you can head to one of these nearby locations. The Upvan Lake in Thane hosts a variety of festivals throughout the year, including the Sanskruti Arts Festival. The Yeoor Hills are a sight to behold. It is a fantastic picnic area for you and your family, located in the Sanjay Gandhi National Park. If you`re looking for a house in Thane with a natural setting, you`ve come to the perfect place.

- Future Infrastructure Developments and Connectivity:

Thane will be connected to major sections of Mumbai by the Thane metro project. It is Thane`s first-ever metro construction. The Wadala-Kasarvadavali Metro-4, which would run from Wadala to Kasarvadavali-Ghodbunder Road via Ghatkopar, Mulund, and Teen Haath Naka, will connect Thane and Wadala with 22 stops. This initiative will assist a number of Thane neighbourhoods. Vasant Vihar, Pokhran Road No 1 & 2, Majiwada, and Ghodbunder Road are all part of the project`s construction line. It also links to Metro Line 5 Thane-Bhiwandi-Kalyan. It also links to Metro Line 5 Thane-Bhiwandi-Kalyan. Thane is also well connected to the rest of Mumbai and Navi Mumbai by road and rail.

Conclusion:

Thane is a city with a lot to offer, including clean air, greenery, several hospitals, and gardens. It is also close to the mega-city of Mumbai, which reduces traffic. Thane is a mega-city in its own right, but it is for this reason that individuals have been drawn to acquire property in Thane. Investing in upcoming residential projects in Thane could be a wise decision, as the return on investment would only increase as more people seek Thane property.

Thane`s real estate is like a gold mine waiting to be discovered. The residences in Thane are built by well-known builders, and the types of residences available for purchase are among the most sumptuous in the city. Thane is part of the Mumbai Metropolitan Region (MMR), hence the Mumbai Metropolitan Region Development Authority has a lot of infrastructure planned for it (MMRDA). This is why Thane houses are comparable to those in Mumbai. Thane offers some of the best social infrastructures for you to take use of, which will increase the value of your home.

With new residential projects in Thane, you have the option of buying a ready-to-move-in property or a property that is still under development. You can get a property that is under development for less money, which means you will get a far better return on your investment. If you choose a residential property in Thane, you will know what amenities will be available to you.