Thane and Eastern Suburbs to be better Investment Destinations
Thane and Eastern Suburbs a few years were back not even on the radar of a Home Buyer and look what infrastructure and development have done to this area.
Today, Thane and Eastern Suburbs have the finest developers and lifestyle properties.
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 a 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 expressway 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 Freeway 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. Whereas 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 than 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