The emerging real estate hotspot in Thane – Vartak Nagar

The emerging real estate hotspot in Thane – Vartak Nagar

Vartak Nagar in Thane has been known for its narrow lanes and deplorable infrastructure. A residential suburb, it has low-rise developments and houses industrial workers from the nearby manufacturing factories.

Thane is witnessing rapid urbanization and thus, Vartak Nagar has also witnessed a significant upgrade in terms of both civic and social infrastructure. The new developments have made the area a promising real estate destination for the people of the Mumbai Metropolitan Region (MMR).

The emerging real estate hotspot in Thane – Vartak Nagar

Vartak Nagar is very well connected to the railway station. The area is located only 4.5 kms away from the Thane railway station. The proposed Metro station (Line 4) at Cadbury Junction would be just 1.7 km away once built. It also has excellent road connectivity to the central suburbs through Eastern Express Highway and to the western suburbs through the Western Express Highway.

It has close proximity to Wagle Estate. There are also employment opportunities in several offices and commercial developments in the adjoining areas. Thus, the walk to work concept can be explored. Its proximity to the serene Upvan lake and exquisite view of the scenic Yeoor hills have become the major drivers of consistent real estate growth in the area.

With the excellent social infrastructure consisting of malls, schools and hospitals nearby, it has accelerated the demand for residential properties. At present, there is an abundant supply of land parcel at competitive prices. However, most of it comes through redevelopment model. Thus, properties are available at very attractive prices.

Also, with Thane being part of the Smart City mission, the Thane civic body’s ‘Vision 2031’ focuses on infrastructure and capacity building in and around Vartak Nagar. There is no doubt that all this will boost the locality’s growth. Since the region is in its early stages of growth and has considerable market potential, you can be ensured of a promising future as Vartak Nagar is set to become one of the most popular and new housing destinations in Thane as well as the MMR region.

More than 70% of these launches fell in the mid-segment price bracket (INR 60 lakh – INR 1.2 crore), which is indubitably the ‘sweet spot’ budget range for mid-income homebuyers in the MMR.

While the average quoted prices of properties in Vartak Nagar are gradually rising on the back of sustained demand from budget home seekers, they currently still range quite affordably between INR 9,000 – INR 13,000/sft.

Raunak Group, is one of the developers who is actively involved in the Thane region and as now started redevelopment in the Vartak Nagar region with their very first project – Raunak Residency. This re-development offers 1 and 2 BHK well-planned homes in Vartak Nagar, Pokhran Road No1. A MahaRERA registered project, the construction is on full swing. This is the ONLY re-development in Vartak Nagar where the tenant’s building and the sale building are separate having separate compounds and naturally divided by a road.

So fulfill your dream of living in a lavish home at an affordable price. The flats here are luxurious, contemporary, spacious and open out to the city’s beautiful views. Your home here will give you a view of Thane like never before.