Thane and Eastern Suburbs to be better Investment Destinations

Thane and Eastern Suburbs better Investment destinations

Thane and Eastern Suburbs a few years were back not even in the radar of a Home Buyer and look what infrastructure and development has done to this area.

Today, Thane and Eastern Suburbs have the finest developers and lifestyle properties.

The Wadhwa Group has their Premium Apartments named Panorama a Ghatkopar West which are swanky 6000 sq.ft apartments.

We have recently seen the launch of Runwal Forest on LBS Marg, Kanjurmarg, which sold off in a matter of 3 days with more than 400 units sold beginning with price range of 9900/-. Tata Housing and Oberoi Realty have big plans for Mulund.

After the recent High Court Judgement on the Forest Lands a lot of locked stock is going to come out in Mulund and peripheral Thane giving impetus to the stock.

Why Thane and Eastern Suburbs will be better investment destination is simple which I can put in a few points:

a. Western Suburbs are choked, the express way is very narrow and accommodates 3 lanes on an average and not very fast from Borivali to Bandra during peak traffic hours.

b. Eastern Highway starting from Thane to Ghatkopar is very fast and very broad with 4 to 5 lane driving. On an average a car reaches Ghatkopar East Highway in 20/25 min on an average from Thane.

c. The Eastern Express connects very well to South Mumbai and through Wadala one can take the Free way and reaching Colaba further in 30 min max considering a few minutes spent at Ajmera underway at Wadala.

d. The quality of Builders in Thane is very better and mostly all Top Builders are making very good projects.

e. Mira Road rates are around 7000/-, Dahisar rates are in the range of 9000/-, Borivali is around 11000/- and Goregaon has touched in the range of Rs.14,000/- PSF. Where as Thane, one gets stock ranging from Rs.6000/- to 12000/- PSF starting from an average Developer to a Top Developer and location wise.

f. Thane being a Smaller Municipal Council is much better managed then Mumbai which is huge with multiple wards.

g. Roads are excellent in Thane and Thane is virtually Slum Free.

h. Thane offers Scenic Views of the Yeoor Hills and the Ulhas Creek.

i. Thane will grow on an average of 10 to 12% year on year.

j. Thane is well connected through the Ghodbunder Road to Borivali so the buyer gets best of both the worlds of eastern and western suburbs connectivity.

k. Going forward Thane will have better connectivity to BKC through the Santacruz Chembur Link Road.

l. Once the Metro starts people can connect from Ghatkopar station to Andheri East very well, which will save a lot of time and money.

Article written by Mr.Sandeep Sadh

 

Advantage Thane

Advantage Thane

“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:

Hiranandani Estate

Rustomjee Urbania

Lodha Splendora

Rumah Bali by Puranik

Acme Ozone

Dosti Vihar and Imperia

Kalpataru Hills

Sheth Avalon

Raj Tatva

Neelkanth Woods

Runwal Pearl

Cosmos Group

Vijay Group

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