For Pocket-Friendly Properties: Buy At These Places In Thane!

Commonly known as the ‘city of lakes’, Thane is a city of Maharashtra situated at the head of Thane Creek. The recent reports are evident that Thane is gaining more and more popularity amongst the buyers as well as investors all over the world as compared to the famous Mumbai. Thanks to the affordable prices of the property here! Most importantly, as more and more people are opting for this city to reside, the welfares of owning a commercial space in this city have also increased over the past few years.

Let’s glance at what all are the areas of Thane where we can buy a property and what are the factors that are contributing to the city’s realty growth.

• Pokhran Road: With a number of convenient stores, salons, spas, ATMs, restaurants, night clubs, hospitals, clinics, and petrol pumps, Pokhran Road is gaining popularity amidst the ones who are looking to buy property in Thane. There are more than 10,000 multi-storey apartments present here for sale, which you can own at Rs 10,106 to Rs 14,311 per sq.-ft.
• Manpada: Manpada is yet another very celebrated locality of Thane with a good connectivity via buses, metro as well as railway stations. Manpada is one of the affordable locations of Thane where one can buy property for over Rs 1,100 per sq.-ft. on an average basis. Manpada as a location is rated 6.6 on the scale of 10 that fall under the category between good and very good localities.
• Ghodbunder Road: The State Highway 42, often quoted as Ghodbunder Road or GB Road, is the major road that is leading out of Thane. It is within the area of a 20km stretch of the GB road that there are a comprehensive number of schools and colleges, multispecialty hospitals and polyclinics as well as shopping malls. The area that this road covers is a current ‘hot property destination’ in Thane. Property per sq.-ft. will cost you for about Rs 7,806 and if you are looking for individual houses and bungalows, then they might cost you from Rs 30 -95 lakh.
• Thane West: One of the excellent localities to buy a property is Thane West, this is a locality of Thane that is more residential than industrial. Here, the price per square foot for buying an apartment will cost you all in the range of Rs 9,750 and Rs 12,000 per sq. ft. The credit for the rise in the demand of residences goes to the outstanding connectivity of Thane and Mumbai and the main centers of Mumbai as well.
• Anand Nagar: The colony with all the best facilities to commute having a good rail and road connection, Anand Nagar is one of the oldest localities of Thane that was built in the early 60s. You can own a property here at Rs 1,155 per sq. ft. Anand Nagar is a locality where you can buy Apartments or Flats. The touching localities of Anand Nagar are inclusive of Ambarnath, Ambarnath East, and Ambernath West to name a few.

Factors Contributing To The Growth Of Thane’s Realty:

• The real estate of Thane is heartening due to the 50 new residential projects that are developing in many localities of this city.
• The city has now become a dream location for many buyers to buy homes. The credit goes to the number of options that are present at this place, which fall under different price brackets.
• It is because of the increasing tertiary sector and the demand of IT professionals that many builders and developers are presenting the new commercial and residential endeavors since a lot of people are migrating here from other cities.
• A handsome number of projects that are launching here for instance:
  Puranik Rumah Bali Phase I
  Soham Tropical Lagoon
  Lodha Splendora
  Unnathi Woods Phase 3
  Runwal Eirene
• Some of the prominent developers who are ready with their projects and some with their projects in progress:
Lodha Group
Puranik Builders Pvt Ltd
Hiranandani Group
Vijay Group

Thane is one of the growing suburbs of Maharashtra and these are the localities where you can buy property. Thane is there over the counter for all the ones who are looking to buy property that does not hit the budget at all. So, go out pick the locality that suits you the most!

I have vast experience of real estate market and own/manage RealEstateIndia.com, a leading property portal in India that manages huge database of property/agent across the country.