7 Upcoming Properties in Thane That You Must Check Out

A top 10 destination for real estate investment as of 2023, Thane is a metropolitan city located in Maharashtra, having an area of 147 sq km and hosting a population of above 25 lakhs. Neighbouring the country’s financial capital Mumbai, Thane has emerged as one of the epicentres for various financial, economic, IT, and real estate sectors. The Lake City offers the perfect blend of nature and upscale living, especially for those wanting a break from the hustle and bustle of the big cities. 

For those seeking spirituality and mother nature, as well as modern recreational facilities like malls, theatres, and restaurants, Thane has everything to offer. Thus, Mumbai’s elder sister is the ideal destination for investments, especially in the real estate sector, despite the above 6% price hike in Thane. Nonetheless, let’s break down what makes Lake City the right choice to park your money.

Top reasons to invest in properties in Thane

• Affordable Housing: The availability of land has made Thane the hot spot for top developers in the residential sector, with key players like Rustomjee, Runwal, and Lodha having exciting offers in the pipeline. For example, a 1BHK home in Lodha Amara in an upcoming area like Kolshet Road would cost you between ₹72 - ₹88 lakhs.
• Offering Excellent connectivity: Situated on the northeast portion of Salsette Island, Thane offers easy commuting to its residents with a great network of roads and railways. The recent Mumbai Trans Harbour Link, the longest sea bridge in the country, connects Mumbai to Navi Mumbai, crossing Thane Creek. Upcoming metro projects, lines 4 and 5, will further ease transportation.
• Emerging corporate district: Companies such as TCS, Aditya Birla Financial, DIL Limited, Voltis, and Otis Elevator company have set up their operations in the city, with there also being numerous business parks.
• Social infrastructure: Thane has some of the top institutions in education and medicine, some of the examples being Rustomjee Cambridge International School, Vasant Vihar School, and Bedekar Institute of Management. On the other hand, in terms of healthcare, Hiranandani Hospital, Horizon Hospital, and Jupiter Hospital offer world-class medical facilities.

Speaking of reasons to invest in Thane, here is a list of some of the emerging localities in the city.

• Ambernath
• Godbunder road
• Kolshet road
• Kalyan Shilphata
• Manpada

As Thane continues to be the eye candy for realtors, let's look at some of the upcoming projects in Lake City.

1. Lodha Amara 

• Located on Kolshet Road
• Offering 1,2,3,4 BHKs
• Estimated price range ₹77L - ₹2.77Cr
• Estimated completion date September 2025

2. Rustomjee Uptown Urbania

• Located in Majiwada
• Offering 1,2,3 BHKs
• Estimated price range ₹76.14L - 13.5Cr
• Estimated completion date December 2026

3. Godrej Ascend

• Located in Dhokali
• Offering 1,2,3 BHKs
• Estimated price range ₹81L - 2.31Ce
• Estimated completion date April 2028

4. Runwal Codename Enchanted 

• Located in Kolshet
• Offering 1,2 BHKs
• Estimated price range ₹71.56L - 1.4Cr
• Estimated completion date June 2028

5. Eternia at Kalpataru Parkcity

• Located on Kolshet Road
• Offering 1,2,3 BHKs
• Estimated price range ₹75L - 3.15Cr
• Estimated completion date December 2025

6. Raymond Ten X Habitat

• Located in JK Gram
• Offering 1,2,3,4 BHKs
• Estimated price range ₹92L - 5.27Cr
• Estimated completion date March 2024

7. Piramal Vaikunth

• Located in Balkum
• Offering 1,2,3,4 BHKs
• Estimated price range ₹89L - 2.7Cr
• Estimated completion date December 2024
• Some of the other major players in the real estate market having projects lineup for Thane include Hiranandani Estate, Insignia, Grand Central, and Lakhani Builders.

Lake City is indeed about transforming in the next five years, attracting more and more people to come, invest, and stay.