What Makes Thane the Best Micro-Market for Homebuyers?

Thane city has always been a residential haven for many since the time the Thane Municipal Council was formed in 1863 and even years before that. Hence, residential property in Thane has always been quite popular as compared to other areas on the periphery of Mumbai.

As of today, the scenario is much the same; however, newer, and upcoming residential projects cater to a larger and more diverse group of homebuyers instead of the demography primarily comprising middle-class Maharashtrian families.

When it comes to buying a new home, Thane real estate now stands out as one of the preferences in Mumbai for homebuyers. According to a report by Cushman & Wakefield, despite the threat of the pandemic and its after-effects, Thane was among the few submarkets that witnessed massive sales traction with nearing possession homes or ready to move-in homes in the first quarter of 2021.

Let’s look at some of the main reasons that have led to Thane becoming a popular name with homebuyers.

Seamless Travel and Commute

Travelling from one residence to work may have taken a backseat during the pandemic, but there’s no denying how important it is for any location to be connected with the rest of the city.

• Connectivity via Railways

  The seamless railway connectivity from Thane station to the other station in Mumbai is a clear indication that anyone looking for a property in Thane can easily reach any part of Mumbai by rail. In fact, the trans-harbour line that connects Thane to Navi Mumbai has also opened up new opportunities for those in Navi Mumbai looking for new jobs or a new home. Thane is not only connected to South Mumbai but also to the Western line via Dadar, which makes it easier for Thane residents to plan their daily commute.

• Connectivity via Road

  Ghodbunder Road in Thane is one of the major roadways that lead out of Thane and connects with the Eastern Express Highway and Western Express Highway on either end. The Maharashtra State Road Development Corporation (MSRDC) proposed the construction of a 4.5-km elevated road along the Thane-Ghodbunder Road for improved connectivity. Thane is also one of the major cities which is connected to the National Highway 48, which connects Delhi to Chennai.

• Connectivity via Metro

  The approved and upcoming Light Urban Rail Transit System (LURTS) will connect Thane to the Mumbai Metro via lines 4 and 5, further boosting the ease of access. With 22 stations along 29 kilometres, it is said that the project will receive 65% of its electricity supply through solar panels installed at these stations!

Good Social Infrastructure

With a number of schools, colleges, hospitals, and entertainment centres, Thane has its very own and complete social ecosystem!

• Reputed Educational Institutions

  Families with children can find a number of respectable educational institutions in Thane, such as DAV Public School, Hiranandani Foundation School, Smt. Sulochanadevi Singhania School, Holy Cross Public School, and many more. The city also boasts numerous well-known colleges like B.K. Birla College, K. C. Engineering College, Rustomjee Academy, etc.

• Quality Healthcare

  The healthcare facilities at renowned hospitals like Bethany Hospital (Lok Hospital), Jupiter Hospital, Horizon Hospital, Bhaktivedanta Hospital, Thunga Hospital, and more within the city limits ensure that Thane residents need not worry about travelling outside the city for receiving excellent healthcare.

• Entertainment centres

  Over the last few years, entertainment options across Thane have increased with the number of lavish malls such as Lake City Mall, Viviana Mall, Korum Mall, etc. These centres not only house shopping centres, coffee shops, and eateries but also gaming zones, salons, movie theatres, and much more!

Finding a home in Thane

Stretched over 4214 sq. km and with the number of old settlements and new housing projects, finding a home in Thane can be simple.

• Affordable housing

  With the growth of nuclear families, the need for modern apartments is also increasing. A family of 3-4 members can easily find 1, 2, and 3-BHK apartments in mid-level projects across Thane. These homes offer all the essential amenities to the residents and are well-connected to all major roadways in Thane as well as the station.

• Mid-level residential projects

  With the growth of nuclear families, the need for modern apartments is also increasing. A family of 3-4 members can easily find 1, 2, and 3-BHK apartments in mid-level projects across Thane. These homes offer all the essential amenities to the residents and are well-connected to all major roadways in Thane as well as the station.

• Premium Residential Developments

  With the inclination of the modern homebuyer towards premium housing, Thane real estate is seeing a rapid increase in the growth of residential projects from renowned names like Piramal Realty, whose Piramal Vaikunth is a fitting example of luxury living. Apart from being a self-sufficient residential community with all the necessary and luxury amenities such as a jogging track, yoga and meditation terrace, multipurpose court, convenience store, banquet hall, etc., the property is also home to an ISKCON Temple Complex! Piramal Vaikunth stands out from most residential projects by other developers because the property blends the elements of sustainability and nature into its residential projects through rainwater harvesting, waste management, solar lighting, and more!

For those seeking a property in Thane, the location promises to offer more than just a home; it is a complete living experience, replete with all conveniences one can need. For those seeking a property in Thane, the location promises to offer more than just a home; it is a complete living experience, replete with all conveniences one can need.

Disclaimer: This article is based on the information publicly available for general use. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.