If you go a few years back, the Eastern suburbs of Mumbai and the Thane City didn’t even exist on the map of Mumbai’s real estate market. But now the infrastructure development has completely transformed its skyline. Being a smaller municipal council, Thane exhibits a better planning and management. Good connectivity with the eastern as well as western suburbs is what attracts most of the investors and end users to the Residential Property in Thane. Starting from Thane and going all the way to Ghatkopar, the Eastern Express highway solves the traffic issues to a larger extent.
Like any other locality of Mumbai, the price trend graph of Thane also shows many peaks and troughs. The latest updates of Investors Clinic price trends graph suggest that the average property price for Thane is Rs 9,368 per square feet. The prices shot up in Jan ‘15 and Apr ‘15 and witnessed a fall in February and March of the same year. After it picked up pace in April, it couldn’t stay consistent and came down again in May and June, thus coming at the average figure of July 2015.
Thane West, Ghodbunder Road, Manpada, Waghbil, Dombivali and Hiranandani Estates are some popular real estate destinations of Thane Mumbai. While some localities have prices higher than the Thane average, some also have comparatively affordable homes on offer. The latter include Ghodbunder Road, Balkum, Dombivali and Kalwa. Hiranandani Estates and Thane West offer properties at comparatively higher rates.
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One of the reasons why Thane is growing as a preferred real estate destination is its proper mix of residential and commercial projects. The employment opportunities in the Mumbai Metropolitan Region (MMR) are going to grow by a significant percentage, including Thane and the Eastern suburbs of the city. The pockets are showing tremendous development. Reputed schools, international quality hospitals, wide roads, modern recreational facilities, a cosmopolitan culture- you can find everything that is in the list of your dream lifestyle. Experts suggest that the property values are expected to experience 10-12% growth on yearly basis, thus making it a perfect time to invest in Thane.
In addition to its infrastructure and connectivity features, Thane is also soaked in natural beauty. Hence, the city is also rising as a favored second (vacation) home destination. Future developments in the area include Mumbai Metro that will have 8-10 stops, all within Thane. All these factors make Thane a viable choice for both end-users and investors.
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