Which Locations Are Best for Property Investments in Thane in 2020?

Thane is the destination for people who are looking to invest their money in real estate. The location is a go-to for people who are looking for a house that gives them the luxury of living in Mumbai on a budget. The properties in Thane are known to fetch top dollars when sold on the resale market especially if it is bought by renowned developers. If you are in the market looking for a house in Thane you might find that the amenities that they come with are a hard pass. The demand for properties in Thane is not dying down even when the real estate market is struggling in the country. Thane provides the buyer with ample choices and investment opportunities. This article looks into places where you could invest in real estate in Thane.

1. Ghodbunder road.

Ghodbunder Road is the destination where you should look for if you want to find lavish houses easily while also being well connected to Mumbai. Ghodbunder is a 20 kilometers long stretch running through Thane; it links the Western and Eastern Express Highways. This location in Thane can be travelled easily to from Mumbai which makes a daily commute to work a breeze if you live there. The easy availability of land parcels in this area has encouraged developers to start new projects. The properties in the Ghodbunder are known to be budget-friendly for middle-class people while also providing them lavish houses. The properties are known to be extremely profitable in both the rental and resale market. The stretch is filled with projects made by some of the most reputed builders. The area is soon going to enjoy the metro running through it which would only add to the initial investment that you would make for your home. The work is already underway and the infrastructure for the metro is already being constructed. With the metro in place, the locality will become even easier to travel to and the travel time would be cut into half for most destinations around the city. Other than that Ghodbunder road has every amenity anyone would want and more making the locality extremely valuable.

2. Asangaon.

Asangaon is another location that is bringing in a lot of big-shot developers to build large projects. Asangaon is very well connected to Mumbai through the railway. Asangaon’s railway station is part of the central railway line of Mumbai which means regular trains are running to and from Asangaon to Mumbai. Asangaon’s railway station is about an hour away from Thane railway station. Asangaon is known for its excellent amenities which give the residents some of the best home-owning experience. Like Ghodbunder road, Asangaon boasts some of the best schools for your child to go to. Being remote the locality still has hospitals that are comparable to that in cities. Current property rates in the region range around Rs. 2,400 to Rs. 2,800 per square feet. This means a lavish house would cost you less than a 2 BHK house in Mumbai. The region has seen a price appreciation of close to 9.9% in the last couple of years. The recent surge in property prices in Asangaon suggests that it will be a good investment destination even soon yielding higher returns on selling and rentals.

3. Kalyan.

Kalyan is among some of the most popular real estate markets in Thane district. It has its municipal corporation which takes care of the welfare of the area and is well-connected via buses operated by KDMT and the railway network. Kalyan is extremely well developed and no matter what location you decide to buy your flat you would find it to be extremely well maintained. The affordable nature of the housing projects in Kalyan has led to the prosperity and success it is witnessing now. The success of the location can be understood by its railway station as it has the third busiest junction station in the twin cities of Thane and Mumbai.

Other than these there are many more destinations in Thane that you could make your home.

Posted on 11^th Dec, 2020

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