Residential Hotspot: Affordable Localities for Homebuyers in Thane

The real estate market in Mumbai is experiencing unprecedented growth. Since the COVID-19 pandemic, the demand for housing has increased significantly among Mumbaikars. However, this surge in demand has brought about an interesting trend known as reverse migration. Homeowners from established suburbs, particularly in South Mumbai, are now seeking homes on the city's outskirts, such as Navi Mumbai and Thane. The infrastructural development of these cities, the low levels of pollution, and excellent connectivity have prompted their growth. If you are looking for affordable localities in Thane with excellent growth prospects, here is a handy guide.

Affordable neighbourhoods in Thane

When looking to invest in Thane, are you considering neighbourhoods that are currently undergoing an incredible sprout of development? Are you looking for localities on the fast track for infrastructural projects or metro and suburban rail connectivity? Here are some hidden gems from Thane that will offer you luxurious but affordable living.

• Ambernath - Ambernath retains a green and serene environment but also has a modern and urban social infrastructure. The Ambernath Railway Staton offers excellent connectivity, and upcoming projects like Rohan ZP Hills and Royal Flora offer excellent investment options. Its proximity to the industrial areas in Thane and north Mumbai is an advantage for homebuyers.
• Bhayandar East - Bhayandar East is one of the fastest-developing real estate micro-markets in Thane. Well-connected to several commercial hubs and IT parks through the Western Line of the suburban rail network, this locality will soon be connected to Metro Line 7 as well. This locality is perfect for those looking for spacious, luxurious, affordable homes.
• Kalwa - Kalwa is another emerging residential locality that is set to grow. Its proximity to the Millenium Business Park and Airoli Knowledge Park in Navi Mumbai has given housing demand a boost. It is connected to the Central Line by the Kalwa Railway station. Jitnat Shubhtej and Samarth Parshuram Heights are projects to look out for.
• Majiwada – Majiwada is a beautiful neighbourhood with several upscale projects, such as the Rustomjee Uptown Urbania and Cosmos Habitat. This locality is within 5 kilometres of some of the best schools, hospitals, and industrial hubs in Thane. The Eastern Expressway, Mumbai-Agra Highway, and Ghodbunder Road offer excellent connectivity.
• Pokhran - Pokhran Road between Mulund and Thane is a coveted locality with excellent connectivity. The upcoming metro station is an added attraction. Projects like the New Suraj Tower and One Indiabulls Tower make this one of Thane's hidden gems. The beauty of this locality has earned it the moniker "Malabar Hills of Thane".

Established localities in Thane

Here are some of the prime residential markets in Thane which attract investment from the top developers of Mumbai and are currently favourites with homebuyers in the city.

• Dombivli - Dombivli in northeast Thane, bordering Kalyan and Mumbai, has been one of the most popular residential neighbourhoods in Thane. The excellent connectivity offered by the Central Line of the suburban rail network, proposed metro line 12, and several major infrastructural projects have made this a luxury residential hub.
• Kalyan – Kalyan has always been one of the most sought-after localities in Thane. Kalyan has been selected to be one of the smart cities being developed in Maharashtra. The excellent industrial and commercial development and social infrastructure of the township have made it a highly coveted real estate micro-market.
• Ghodbunder Road – Another emerging real estate hotspot, Ghodbunder Road, has become famous due to the One Hiranandani integrated township. Several other appealing projects are coming up in the vicinity, making this one of the poshest localities in the Thane district.  
• Badlapur - Badlapur is exceptionally well connected through the Central Line and Metro Line 14 and is another neighbourhood that has several ready-to-move and under-construction residential projects. The proximity of several commercial hubs has contributed to the popularity of this locality.
• Mira Road - Mira Road is another neighbourhood with excellent connectivity and is a popular choice in Thane. Metro lines 7, 9, and 2A and the extension of line 2B will likely bring Mira Road closer to the main commercial centres in Mumbai. The wonderful residential projects here are worth considering.

Low levels of pollution, expansive green views, swanky malls, excellent infrastructure, and large, opulent homes - Thane checks all the right boxes on the homebuyers' list of demands. The local government's keen interest in developing roadways and expanding metro and suburban rail networks to connect to various localities in Thane is also paying rich dividends in the form of an increase in housing demand.