In the last decade, there have been many reforms of the real estate sector facing issues such as land acquisition, the introduction of Real Estate Investment Trusts, regulation to protect consumer interest and many more. The current wave of breaking new grounds in the real estate sector has infused new life, there are many issues which needs focused attention as well, failing which real estate sector might not be able to achieve its full potential. One of the biggest problems in Mumbai nowadays is the scarcity of land and prices of apartments are sky-high. Budget and the need for a spacious and well-equipped house are a few of the top reasons to be considered when it comes to buying a home. If an investment in Mumbai looks far beyond from reality and if at all you are looking at an affordable budget to be invested in locations that may do well over a longer period in future, areas near Thane and Thane could be your best pick for sure.
Given the high land prices and saturation in Mumbai, many renowned city developers have stepped into the neighbouring city in the past few years. Developers are acquiring land in Thane at fair prices as many companies seek to unlock the value of their real estate assets. Recently, there were many land deals in Thane signaling that many property firms are chasing for profitable transactions inspite of slow sales and delayed projects in the face of an economic downturn. Many land parcels are available in Thane which are industrial in nature that can be easily converted to residential or office spaces according to people`s demand and convenience. The deals involved in these land parcels in Thane are fairly priced unlike Mumbai deals and have futuristic values built into them.
Experts suggest that Thane is witnessing large scale urbanization with urban population growth in this region. Huge land parcels available in Thane is helping developers provide the best of infrastructure delivery and quality of living to their customers. Life in Thane is not at all congesting just like other developing cities and is also promoting new urban centers in this region by developing necessary transport and economic infrastructure.