Thane West: A Game Changer in MMR's Real Estate Market

Thane West has seen some brilliant developments in the past few years. Hence, it won’t be an exaggeration to say that it is one of the best residential hubs in Mumbai. This locality enjoys vibrant connectivity through road and rail. Following that, the chic infrastructure is what adds more weight to its real estate demands. 

The Smart City is quite popular among working professionals as home to some of the most renowned commercial and industrial hubs. They prefer to settle across various parts of this locality to be closer to their family and workspace by reducing hours of travel time. 

But there’s more to the developments of Thane West that will make it a game changer across the real estate market of MMR.

Let’s get into that in the blog below!

Connectivity, Infrastructure and Social Amenities Are Surreal in Thane West

There is a plethora of essential amenities around Thane West, which contributes to people's overall comfort and lifestyle. Various educational institutes, hospitals, entertainment centres, recreational hubs and much more make people feel more lively and secure. 

Today, top developers have increased the availability of 1 BHK and 2 BHK in Thane West for residents to live comfortable and peaceful lives. These infrastructure developments motivate property developers to keep meeting people's constantly rising home-buying demands. 

Some of the popular landmarks that have drawn the interest of home buyers towards Thane West are:

• Amber International School
• Rainbow International School
• Podar International School
• Bethany Hospital
• Universal Multispecialty Hospital
• Horizon Hospital
• Viviana Mall
• Eternity Mall
• R Mall
• Upvan Lake
• Suraj Water Park
• Tikuji-ni-Wadi

Apart from these landmarks, you also have amazing supermarkets, banks, great restaurants and cinema theatres to fuel your other crucial needs. 

Coming to connectivity, Thane West has an optimal network of roads that connects it to different parts of Thane and Mumbai. It is close to Ghodbunder Road, Pokhran Road and Eastern Express Highway, enabling a smooth commute in & around the city. 

You can also access the Thane Stations for railway services on the Howrah-Nagpur-Mumbai and Mumbai-Chennai lines. Apart from that, you have ample availability of cabs, auto-rickshaws and buses for intercity travel. 

Chhatrapati Shivaji Maharaj International Airport is around 26-km, via Mumbai-Agra National Highway. With all of these seamless infrastructure developments, the current average price per sq. ft. is around Rs. 13,500, which is constantly appreciating year over year. But, certain developments will escalate this average to reach heights in the near future. 

Key Development Projects Set to Change the Face of Thane’s Real Estate Market

In 2022, infrastructure projects worth more than Rs. 50,000 crores were proposed for development needs in Thane, MMR. This decision was made upon considering the substantial rise of real estate demand in the locality. 

It is said that the livability quotient will improve in Thane as the mega infrastructure development projects are already in play. Upon completion, these projects will not just ease the commuting attributes of people from Thane West to different parts of the city. Still, they will also release the burden on the existing infrastructure. 

Some of the upcoming infrastructure projects for the better future of Thane West are:

·Construction of Metro Lines 4 & 5

Metro Line 4 will extend the connectivity from Thane to Wadala. A completely elevated corridor will operate within 32 stations, including Kasarvadavali, Ghodbunder Road, Wadala and Thane. 

Metro Line 5 will ease the connection between Thane to Kalyan and Bhiwandi. It will be a 24.9-km metro corridor, built at Rs. 8416 crores. This metro line will cover around 17 stations and reduce the overall traffic congestion in Thane West. 

·Development of Underground Tunnel

A development initiative for an underground tunnel from Thane to Borivali is being built at Rs. 8900 crores. This tunnel will reduce around two to three hours of travel time from Thane to different parts of Mumbai through the Ghodbunder road. When the project is ready, it will take around 15 minutes to commute between the 21-km stretch. 

·Plans for Modifying the Railway Station

There are plans to implement modifications and renovations for the Thane Railway Station and make it a multimodal transit hub. With this, the residents around the locality will eventually experience better benefits in terms of connectivity. 

Conclusion

Thane West will soon become a game changer for the real estate market of MMR. If you are looking for a 1 or 2 BHK in Thane West, there are exceptional residential properties by top developers to count on. 

Thane West, one of the hottest real estate hubs, has top apartment complexes such as Rustomjee Urbania Azziano L Wing, Lodha Amara, Piramal Vaikunth, Vairat and many more. 

If you want to make your home-buying investment in Thane West, try Blox today. With Blox, you can narrow your search for the best apartment based on budget, location, developer and property type. Hence, it is the perfect tool to ease your home-buying experience!