5 Reasons Why Thane Is Witnessing a Spike in Real Estate Investors

Thane has been one of the most swiftly-developing areas around Mumbai city. It is not only a promising locale due to an upsurge in Government-approved infrastructure projects but also because of steady appreciation over the last few years!

Here are 5 reasons why Thane is witnessing a spike in real estate investments:

1. Proposed infrastructure:

There’s been an upswing in Government approved infrastructure in Thane which includes a 3.2 KM cable suspension bridge, flyovers and broad roads to help resolve traffic issues.

Some more projects in the pipeline are:

  • Thane-Diva Road
  • Flyover at Bhiwandi bypass
  • Metro-3 project to Kalyan and Mira-Bhayander areas
  • Parallel roads from Thane to Kalyan along the metro line

2. New hub for luxury projects:

The locale is a new favourite amongst investors due to a rise in the availability of premium developments and infrastructure options. All at relatively lower rates.

3. Proximity to important areas:

The locale is not only close to Mumbai but also enjoys easy access to:

  • Navi Mumbai
  • Eastern & Western suburbs of Mumbai (via Ghodbunder Road & more)
  • Mumbai’s railway network (via Central and Harbour Rail Line)

4. Added to smart-cities list

Thane has been recently added to the new list of 27 smart cities in the country, by the Indian Government. The region is set to grow, becoming more sustainable.

5. Steady appreciation rates

Between July-September 2016 and January-March 2017 (a span of six months), the area saw an appreciation of 5.55%*. Thane has witness steady appreciation especially in the recent past.

Considering the development and expansion taking place, Thane is one of the most coveted destinations today.

If you’re planning on investing like one of the many investors who’ve been thronging to the spot, come explore 2 & 3 BHK flats at Highland Park in Kapurbawdi, Thane (West), Mumbai.