Why Should You Consider Investing in Residential Real Estate in Thane?
Gone are the days when Thane was considered to be an isolated, far-off location only populated by a few dwellers. In the last two decades, property investment in Thane has undergone a major spike. In addition to an increase in the number of people investing in residential property in Thane to live in, there has also been a rise in the number of people investing in properties in Thane with the purpose of reselling them and reaping substantial profits.
According to estimates by real estate experts, people who have purchased properties in Thane since 2009 have seen their investment grow substantially – in some cases, up to 300 per cent. There has also been significant growth in the employment opportunities in the Mumbai Metropolitan Area, including Thane, leading to a rise in the demand for real estate.
As the Ghodbunder Road is at a strategic location connecting the highways that lead to Mumbai and Thane, more and more infrastructural projects by the state government and the local authorities are on the rise. Therefore, if you have been on the fence about investing in a property in Thane, here are some concrete reasons why Thane is safe and viable to invest in.
Easy connectivity to Mumbai
Thane’s increasingly easy connectivity to all the major locations in Mumbai makes it a very safe and accessible property investment. The National Highway 48 plays a big role in this. Even the Eastern and Western Expressways surrounding Ghodbunder Road in Thane contribute to this.
Moreover, several ongoing infrastructural constructions like the Bhiwandi bypass flyover, the Thane-Diva Road, and the metro pipeline are set to drastically reduce the travel time to and from Thane.
This widespread road infrastructural development has boosted property investment in Thane by large numbers.
Increasing residential and commercial activity
Thane has an abundance of high-end commercial and residential parks and complexes. Some of the biggest names in the IT, finance, educational and other sectors have set up camp in Thane. These include:
- TCS – Tata Consultancy Services
- Bayer Ltd.
- Voltas Ltd.
- Aditya Birla Financial
- Reliable Tech Park
Some esteemed educational and healthcare institutions in Thane include:
- Hiranandani Hospital
- Jupiter Hospital
- Vasant Vihar School
- Bedekar Institute of Management
- SMT Sulochanadevi Singhania School
- Rustomjee Cambridge International School
Even more, Thane has a buzzing social scene and is home to grand entertainment and recreational spaces, cafes, and restaurants, including:
- Viviana Mall
- R Mall
- Korum Mall
- Infinity Shopping Arcade
- British Brewing Company
- The Irish House
- China Bistro
- Barworks, and many more!
The presence of ample economic and social activity also means that Thane has the potential to give you immense profits as an investor or a buyer.
Greenery and spacious landscape
The luscious green views overlooking the Yeoor hills and clean surrounding air are also the other factors that add to Thane’s rising status as a place to invest in. For those who have had enough of breathing in crowded and polluted city air, shifting to Thane is an upgrade for them.
More and more people are wanting comfortable, healthy, and safe environments to live and thrive in, and Thane provides them with just that and more. Thane has more than 30 lakes and is around popular tourist spots like the Sanjay Gandhi Park, Masuda Lake, Yeoor hills, Kanheri caves, and the Kelwa beach, among several other havens.
This picturesque and scenic topography of Thane is leaving its impression on potential investors and contracted builders.
Apart from the abundant social and economic potential Thane has to offer, what is noteworthy is how affordable getting a property in Thane is. Thane is gaining recognition and holds a lot of promise for development as a residential and commercial hub.
If you are considering buying a property in Thane, you can check out Piramal Vaikunth. From reliable and established builders – Piramal Realty, this residential property offers beautiful and green residential spaces overlooking the beautiful Yeoor hills. Get in touch with us today for more details.