5 Reasons Why Thane is a Booming Real Estate Hub

Thane is a popular real estate investment destination, second only to Mumbai. Gradually transforming from a small suburban town of Mumbai to a vibrant metropolis, Thane is now a land of opportunities, especially in the property sector.

Here’s why:-

1. Superb Connectivity

a) Thane enjoys superb connectivity to Navi Mumbai as well as to the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road.
b) Moreover, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai's railway network.
c) Future plans include the proposed metro rail that will run along Ghodbunder Road. With the metro, the travel time between Thane and Wadala will reduce by half.
d) Other infrastructural developments include construction of the Thane-Diva Road, the flyover at Bhiwandi bypass, Metro-3 project to Kalyan and Mira-Bhayander areas and parallel roads from Thane to Kalyan along the metro line.

2. Excellent Social and Physical Infrastructure

Excellent social infrastructure is another prime factor driving the growth of the region – it is home to renowned hospitals, popular educational institutes, star hotels and various leisure and entertainment centres.

3. A Growing Industrial Hub

With many corporate giants such as Raymond, Cadbury and Blue Star established in the neighbourhood, Thane has boosted the ‘walk-to-work’ concept, which is attracting the new age buyers.
With the Maharashtra Government having decided to establish a Central Business District (CBD) in Thane on the lines of the plush Bandra-Kurla Complex (BKC) in Mumbai, the new business district, to be located in Kalwa in Thane will help develop the remote areas of Thane district, relieving Mumbai of its increasing congestion.

4. Pleasant Surroundings

Known as the City of Lakes, Thane has a number of attractive tourist locations which add value to its real estate market - Sanjay Gandhi National Park, Kanheri Caves, Masunda Lake, Upvan Lake and Kelwa Beach are some of the well-known destinations in and around Thane.

5. Price Appreciation

Thane isn’t any different when it comes to capital appreciation in real estate prices. With burgeoning demand owing to great connectivity and increasing corporate presence, Thane’s future is set to witness high appreciation in property rates.
Owing to these factors, a number of renowned real estate developers have shown interest in constructing homes in Thane. Raunak Group, is one of them, having constructed and delivered 3300 homes across projects such as Raunak Park, Unnathi Gardens and Laxmi Narayan Residency. Explore their current ongoing projects: Raunak Residency & Unnathi Woods