The COVID-19 pandemic has given individuals a fresh perspective on the importance of owning their own homes, and the real estate market is responding to this shifting demand. As you evaluate your investment portfolio, it is crucial to identify the best location for your property investment in a market full of potential. Let's explore the numerous reasons why purchasing a residential property in Thane can turn out to be one of the wisest investment decisions you have ever made.
One of the most compelling factors supporting Thane as an ideal investment destination is its historical price appreciation. Real estate has long been regarded as a consistently growing market from an investment standpoint, and Thane has gracefully followed this trend. Over the past five to six years, residential properties in Thane have witnessed a gradual growth in prices. For instance, the average price range in Thane West increased from INR 10,503 per sq. ft. in 2015 to INR 12,634 per sq. ft. in 2021, while Thane East experienced a significant boost from INR 9,527 per sq. ft. in 2015 to INR 13,780 per sq. ft. in 2021. Surrounding locations in Thane have also witnessed similar price appreciation, further bolstering the assets of real estate investors. Historical statistics reveal notable increases in property rates across various regions of Thane, such as Vasant Vihar, Teen Haath Naka, Ghodbunder Road, and Pokhran Road. These statistics provide tangible evidence of the potential for real estate investments in Thane.
Another compelling aspect of Thane as an investment destination is its appeal as a detoxing destination. With the growing awareness of climate change, homebuyers are increasingly seeking properties situated in natural settings. The COVID-19 pandemic has also emphasized the importance of healthcare. Thane, with its lush surroundings, offers a promising future for real estate investments. Residential properties in Thane are located near serene freshwater bodies like the Upvan Lake, Talao Pali Lake, Kachrali Lake, Masunda Lake, and the picturesque Kelwa ocean side. Moreover, the Thane creek attracts various migrating bird species, including the mesmerizing flamingos, while the magnificent Sanjay Gandhi National Park contributes to cleaner air with its dense greenery. Additionally, the Gavli Dev Waterfall & Bird Sanctuary provides a peaceful outing, and the Yeoor Hills serve as an excellent trekking destination. Thane stands out as one of the few cities that offer abundant natural bliss right at your doorstep. Thus, investing in properties in Thane from a future-oriented perspective is a wise choice.
Connectivity plays a crucial role in the appeal of Thane as a real estate investment. Thane boasts seamless connectivity to essential junctions in the state. The city is linked to major roads such as Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway, and Thane-Belapur Road, facilitating easy travel to Navi Mumbai and Mumbai's Eastern-Western Suburbs. The upcoming Metro Line 4, stretching from Wadala to Kasarvadavali, will further enhance transit and reduce travel time by 50% to 75%. Furthermore, Thane is connected to Mumbai's local train network through the Central Harbour Rail Line, Thane-Panvel Rail Line, and Central Railways, making it an integral part of the city's transportation infrastructure.
Thane has also emerged as a location of luxury, transitioning from a barren land to hosting opulent and high-end townships. Recognizing that achieving a lavish lifestyle in the space-constrained city of Mumbai is challenging, investors are turning their attention to Thane. Residential properties in Thane now offer homes in gated communities with 4 to 5 BHK apartments. These properties boast indoor game rooms, centrally air-conditioned and fully-equipped gymnasiums, indoor swimming pools, clubhouses, party halls, children's play areas, mini theaters, and other modern amenities. Thane has evolved from being a low-cost suburb to an essential element of a luxurious lifestyle. The Ghodbunder Road, Pokhran Road, and Vasant Vihar region, renowned for their extravagant properties, are top choices for homebuyers seeking premium apartments in a metropolitan city. The gradual increase in elite and high-end communities within the city further reinforces Thane's appeal as a real estate investment.
Additionally, Thane is an evolving metropolis that offers a plethora of opportunities. Owning a residential property in Thane means being part of a thriving urban township with a cluster of commercial establishments. The city's corporate potential has attracted young professionals from surrounding regions, leading to the establishment of notable brands and organizations. Thane is already home to prominent companies such as Tata Consultancy Services (TCS), DIL Limited, Bayer India, Otis Elevator Company, Voltas, and Bharat Insulation Company India Private Limited. The city also offers an attractive nightlife and various recreational activities, supported by top-tier healthcare systems. The continuous influx of migrants has positioned Thane as an essential candidate for potential real estate investment.
The opportunity to invest in Thane is knocking at your door, and it should not be missed. Seize the chance to invest in a location that is in its growth stage and allocate your funds towards residential properties in Thane. By doing so, you will not only secure a safe and profitable investment but also become a part of Thane's promising future as a thriving real estate market.

Author's Bio: 

Credai Mchi Thane

A natural partnership with all city stakeholders MCHI-THANE has always been very clear that fine housing complexes and shopping malls cannot stand in isolation. A great City is the sum total of great buildings, great infrastructure and great people. MCHI has been committed to growth of the real estate sector and is credited with the harmonious growth and rise in quality and standards of construction in Thane City in the past decade.

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