Why’s Thane an Emerging Hotspot to Live a Luxurious Lifestyle

Located 23km from the financial capital Mumbai, Thane is a metropolitan city situated on the northeastern portion of Salsette Island. Falling under the MMRDA region, the Lake City has witnessed a steady upward trend in its growth rate over the past couple of years, emerging as a hotspot for investments, with the real estate market playing a significant role. Despite an estimated 6.18% price hike in properties expected, there is no slowing down the realty industry. 

Thane is home to 30 lakes and covers an area of 147 sq. km with a population of over 2.5 lakh residents. The Smart City benefits from the blessings of nature, having something to offer for everyone, from water bodies to religious sites, parks, and beaches. Thus, it is an ideal place for those wanting to escape from the hustle and bustle of the metros, especially the densely populated Mumbai city.  

For those looking to buy a house in Thane or invest, here is a list of the city's most promising locations. 

• Ghodbunder Road: Forming a common pathway to several neighbourhoods like, Kavesar, Kasarvadavali, Hiranandani Estate, Brahmand, Patlipada, and Majiwada, Ghodbunder road is one of the best places to invest in Thane. 
• Badlapur: An industrial area with many upcoming residential projects in the pipeline, known to be one of the most affordable localities in the whole of MMRDA. When it comes to transportation, the city has an efficient railway network. 
• Shahapur: An upcoming residential area in Thane, the locality has a lot of greenery to offer, courtesy of the Sahyadri mountain ranges. 
• Manpada: Located in the city's centre, Manpada has emerged as one of the top choices among home buyers. The neighbourhood has everything from the best schools and colleges to shopping malls. 
• Ambernath: Another well-connected locality in Thane, known for the famous Ambernath temple, the city has a lot to offer in terms of utility services like ATMs, supermarkets, malls, and restaurants.
• Kolshet Road: Connecting the eastern express highway to the western, Kolshet Road has some top developers, like Lodha and Kalapataru coming up with world-class projects with the best amenities. 

Are you looking for a luxurious lifestyle? Here’s why a home in Thane would be the perfect investment. 

1. Strategic Location

Thane's strategic location within the Mumbai Metropolitan Region (MMR) offers easy connectivity to major employment hubs and commercial centers in Mumbai, Navi Mumbai, and other surrounding areas. Thane is located at the intersection of major highways such as the Eastern Expressway and Western Expressway, and it also has excellent rail connectivity, including the Central and Trans-Harbour Line. This makes it a convenient location for both residents and commuters.

2. Robust infrastructure

Known as Mumbai’s elder sister, Thane has shown exponential development in terms of both real estate and social infrastructure, making it a favourite among the investable destinations. The Smart city has become a hub for the IT sector, providing ample spaces to set up offices, with any other corporate industries setting up their operations too.

3. Offering great connectivity 

Thane has built a worthwhile transportation system over the past decade, be it the roads and railways, with metro lines 4 and 5 to follow suit. Some of the efficient examples of commuting the city have to offer are the following:

• National highways 3 and 4 connect west Thane to parts of Mumbai.
• Thane Dive Road and Bhiwandi Bypass Flyover
• The Ghodbunder road connects both western and eastern express highways.

4. Social infrastructure

The Lake City offers much to families, especially education and health, with the best schools, colleges, and medical institutions. 

• CP Goenka International School
• St. Xavier’s High School
• B.K Birla College of Arts, Science, & Commerce
• Dr V.N. Bedekar Institute of Management Studies

Below are some of the top medical institutions 

• Horizon Hospital
• Hiranandani Hospital
• Jupiter Hospital

Thane has much to offer in entertainment, restaurants, and nightlife. 

• Viviana Mall
• Korum Mall
• Lake City Mall
• The Irish House
• British Brewing Company
• China Bistro
• Greek Gyros
• The Yellow Chilli

5. Greenery and Open Spaces

Thane is surrounded by lush greenery and has several open spaces such as parks and gardens, making it a perfect location for those who prefer a peaceful and green environment. The abundance of greenery and open spaces in Thane has also contributed to the overall quality of life in the area, making it an attractive location for families.

6. Luxury homes at affordable rates

Given the availability of land and the growing inflow of people, Thane has a host of top developers building world-class residences with the best amenities. The MMRDA City is a great alternative to the densely populated Mumbai that continues to face a space crunch. 

7. High resale value

As the demand tends to grow, properties' appreciation rates are bound to increase. Hence, the resale value wiil increase, already having witnessed a 6.18% price growth in 2022. Therefore, it is the ideal time for investors to park their money in Thane’s real estate for a healthy ROI in the future.

To conclude, it won't be wrong to say that Thane can potentially change the landscape of Indian real estate.