Thane, a city in Maharashtra which is located on the North of Konkan division and is one of the few industrially advanced districts in the state of Maharashtra. Thane has many other major cities like Navi Mumbai, Kalyan, Bhiwandi, Badlapur, Shahapur, Ulhasnagar, and Murbad. Thane is among the top affordable cities in the suburban regions of Mumbai as the majority of the population living there are earning in high to mid-range income. Mumbai being the financial hub of India is a realty hotspot. Throughout the years it has seen an exponential development in the infrastructure just as the interest in the real estate business is increasing day by day. Despite the fact that Mumbai is one of the most looked for destination for real estate but not every person can enjoy the advantage of purchasing a home in Mumbai. Issues like congestion, space shortage, premium costs, and others confine individuals from purchasing their fantasy home in the city of dreams. Taking note of these hindrances and getting on the capability of suburbs of the city and with the city way of life began growing in the suburban areas. One of such developing areas is Thane. It has witnessed a huge development and gives no indication of halting in the near future.
Traditionally preferred property investment locations in the majority of the main cities are expensive and getting saturated. This is having an adverse effect on many residential submarkets in different cities.
Locations like Ghodbunder Road and Pokhran Road in Thane is currently witnessing trends where the real estate industry tends to offer a marked price advantage to these locations and many residential projects are coming up with advanced development laws and all modern amenities. All these factors are leading to such locations with good sales traction independent of the rate at which sales are taking place. Thane has many reasons to attract homebuyers who are looking for affordable homes. This city is rich in cultural heritage and shares a deep-rooted connect with various festivals all around the year. It has an abundance of greenery around and clean air to breathe. Thane has evolved over the years with amazing social and cultural infrastructure. Thane has smartly replaced Mumbai owing to its easy availability of home within the budget and better residential areas in the heart of the city. With an increase in the number of retail and commercial spaces, shopping malls, renowned schools, well-known hospitals and more than 50 gardens in the city. These are the reasons that have made Thane favorable amongst homebuyers who now prefer buying affordable flats in Thane which was once an industrial and polluted region in Mumbai.
Here are few top localities to look for affordable flats in Thane
The Ghodbunder Road is now surrounded by classy and luxurious building, good connectivity, infrastructural growth and open urban spaces with competitive prices. The Ghodbunder Road stretches from Borivali to Thane city linking Western and Eastern Express Highways. Availability of huge land parcel in this area has encouraged developers to launch new residential projects within the range of 50-75 lakhs. The properties in this area are specifically designed for people who are looking out for affordable housing with a lively environment. Extension of Wadala-Ghatkopar-Thane-Kasarvadavali Metro-4 is going to provide better connectivity to all the residents of Thane who can commute easily on this route. The Ghodbunder Road is well-connected to all the necessary amenities like schools, hospitals, and shopping malls.
Dombivli which is a part of the Thane locale is considered as the most proficient town in Maharashtra and is found 48 kilometers from Mumbai. The city has a perfect blend of finished and recently proposed ventures which gives a few alternatives to the investors. With the help of excellent roads and rail network, it is properly connected with Thane and MMR. With the Navi Mumbai Airport working, the real estate sector will advance in an upward path.
Asangaon is a residential area in Thane greatly desired by many homebuyers because of some really well-known projects. It is very well connected by railways as Asangaon Railway station lies on the Central line of Mumbai suburban and also, the nearest airport that is the Mumbai airport is at a distance of only 74 kilometers. Asangaon proves to be a good investment destination yielding higher returns on selling and rentals. The neighbourhood areas around Asangaon provides all necessary social amenities to enjoy a peaceful life.
Pokhran Road has radically transformed into a real estate hub with newer residential projects pouring in the lake city. The on-going construction projects have widened the roads and completely changed the look of this locality. Even though the dense jungle had to be chopped off, the loss of green cover is compensated by planting trees on the dividers and by opening many gardens around this area. A new project has also been launched in Pokhran Road to beautify this area by installing a lawn, benches and other facilities for the residents in this area.
Kalyan a town situated in the Thane region has developed as a well-known property destination. It has its own municipal corporation which deals with the welfare of the region and is well-associated by means of transports worked by KDMT and railways. Kalyan is additionally a business center and the proximity to a rail intersection has been the key in raising interest for properties here. In Kalyan, both private and public methods of transportation are great. A few variables which have added to the advancement in the region are affordable housing projects and better connectivity.