REAL ESTATE INVESTMENT OPPORTUNITY IN THANE -SMART CITY

Thane The quiet ‘lake city’, once considered the ‘satellite’ of Mumbai has metamorphosed into one of the most coveted real estate destinations not just in India but in the world. A recent global survey has placed Thane in the top 20 cities in the world where the elite would want to invest in real estate – putting Thane in the league of such international cities like Shanghai and Los Angeles. The city has emerged as a preferred destination for home buyers. With its excellent infrastructure, Thane has already become a metropolis..

Land bank Presence of abundant land near diva kevani, dunge kalwar, wadghar, kharbao and nagale etc is one of the main factors that spurs growth in New Thane's upcoming real estate sector. The city is a free district in Maharashtra giving way to manufacturing, small and medium enterprises, IT sector, chemical zone and port based activity thus city will offer more job opportunities to residents. Thane West Is A Booming Real Estate Hub ,Good growth prospects Availability of land, good connectivity, promising employment opportunities and an upcoming metro ensures that the investors would enjoy the benefits of growth prospects.

The objective of Smart City Mission of Thane is to promote the city that will provide core infrastructure and give a decent quality of life to its citizens, a clean and sustainable environment and application of smart solutions, With its excellent infrastructure, Thane has already become a metropolis and this is getting reflected in the real estate launches in the city. Also, the transport facilities in Thane are very good. It is efficiently linked to other regions in Mumbai, which is a plus. It is also a more affordable and popular destination for home seekers. Real estate options in Thane are enormous and great for investment purposes. The city has emerged as a preferred destination for home buyers

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. Besides, the Central Harbour Rail Line, Thane-Panvel Rail Line and Central Railways connect Thane to Mumbai's railway network.

Many flyovers are being planned in Thane to improve accessibility , Future connectivity plans include the proposed metro rail that would run along the Ghodbunder Road with more than 10 halts within Thane itself. With the metro, the travel time between Thane and Wadala is expected to reduce by half. Other infrastructural developments on the cards 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, similarly costal way, MMC corridor and smarudhi highway will take city onto new horizon …

Thane City is having an area of 128 sq.km. and is situated between Sanjay Gandhi National Park hills on west side and creek on the east side. The length of the creek is around 32 km, spreading from Diva, Mumbra on Ghodbuder road. If this waterfront is developed in a planned way, this will not only enhance the beauty of the area but will also improve environmental quality by way of protecting mangroves. The corporation has undertaken many initiatives like development of new suburban station, multi-modal transit hub at Thane Railway Station, parking management and pedestrian improvements, 70 acre cluster redevelopment, LED street lighting on Energy Services Company (ESCO) model, city-wide CCTV and public Wi-Fi, intelligent transport system, waterfront and lakefront development, etc, to fulfil its vision of Smart City

The Thane Municipal Corporation’s (TMC) proposal to develop Kharbao as the New Thane. The project is aimed at expanding the existing Thane city on the other side of the Thane Creek along the Ghodbunder Road. As per the proposal, the village of Kharbao, a railway station on the Bhiwandi-Vasai Road route, along with Paygaon, Shillotar, Malodi and Nagale villages will be developed in to a 100-sq-km city, will be built on the lines of Navi Mumbai in collaboration with the Mumbai Metropolitan Development Authority (MMRDA). The two authorities together will form a special purpose vehicle for the planning and execution of residential, commercial and industrial developments. Once completed, New Thane will be an alternate to accommodate the ever-rising population of the Maximum City Mumbai and its suburbs. The aim is to construct a self-reliant township that is designed from scratch and can act as a parallel city to Thane.

Along with the self-sufficient twin city, a proposed 126km-long multi-modal corridor from Virar to Alibaug will be constructed. Which passes through dive-kevani, kharbao Nagale, This project is expected to further boost connectivity to the newly planned city as it will be connected to the National Highway (NH)-8, the Bhiwandi bypass, the NH-3, the NH-4 and the NH-4B, the Mumbai-Pune Expressway, the NH-17, etc. This corridor will have multiple modes, such as, buses, BRT, Metro rail, cars and non-motorised track. This will also bring closer the other side of the creek with Thane.

All these key factors has potential of yielding high returns in 2 to 3years thus are driving big players in real estate sectors towards Thane.

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Location Features :

  •  High Investment Returns Within The Span Of 3 To 4 Yrs.
  •  Around Multimodal Corridor (Alibaug-Virar Corridor).
  •  Ample Connectivity Like Metro, Local Train
  •  Connected To Proposed Costal Highway.
  •  Between Huge Development Of Ghodbunder Road And Bhiwandi
  •  Central Connectivity (Thane) , Western Connectivity (Vasai, Virar)
  •  Green Environment And Fresh Air