“Thane Property market will continue to be the most stable market in MMR”- Says Sandeep Sadh
If one looks at the suburbs of both Eastern and Western Suburbs, the prices in both Goregaon – Borivali belt and Ghatkopar – Mulund belt are both touching upwards of Rs.11000/- PSF. It is one of the Finest Markets for Investors from Mumbai and MMR region looking for Investment options keeping in mind a long term horizon of at least 3-5 Years.
The next alternative for people in Western Suburbs is the Dahisar – Mira Road belt where for whatever reasons, the NRI, Investors and executives from the corporate sector hesitate to come in.
The only alternate and suitable option remains today is Thane if they need to be in close proximity to Eastern and Western Suburbs and yet enjoy the lifestyle living. Thane also offers the good views of the Yoor Hills and the Scenic and the Quiet Ulhas river.
Thane today enjoys presence of Top Developers, prices in the range of 6500 to 12000 PSF, enough choice in the market, a little less buzzing than Mumbai, better infrastructure etc. These just may be a few factors, but for the home buyer, the quality of life is better in Thane.
With the Freeway opening up and hopefully, it will settle down in the next few months with its exits, Thane would see improved connectivity to South Mumbai.
If you leave from Andheri West and you need to go to Nariman Point and if you leave from Thane for Nariman Point, today the time taken is the same. The Eastern Expressway being broader and has no interruptions from traffic between Thane and Ghatkopar makes it very quick to exit.
Going forward, once the Metro is ready from Ghatkopar and the Santacruz Chembur Link Road will be ready, Thane would offer better connectivity into BKC, Kalina and South Mumbai.
Also, from the Ghodbunder Road, Thane offers a good connectivity to Dahisar. So in coming times Thane will be one of the preferred location for Long Term investors and home buyers looking for a future home. Thane is also home to lots of Schools and even with brands like Star Bucks coming to Thane today you wont miss on your favourite cup of coffee.
Some of the Best Projects/Developers in Thane are:
Rumah Bali by Puranik
Dosti Vihar and Imperia
Soham – Tropical Lagoon
Kalpataru – Sunrise
Wadhwa – Solitaire
Besides, there are a few new launches in Thane coming up, with 3 to 4 years payment plans.
Article Written by Sandeep Sadh – CEO – Mumbai Property Exchange.com