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Good Localities To Buy Affordable Property In Thane And Mumbai

By Expert Author: manali

The eastern suburban localities of Navi Mumbai, like Kharghar, Airoli, CBD Belapur, and Sanpada which are getting a lot of infrastructural changes, can be considered as a good investment options for property in Mumbai. Being one of the most popular suburbs of Mumbai, Thane is located at around 90 kilometers from Mumbai with superb connectivity with the city which makes it a city in itself. Most of the industries in the state of Maharashtra are operating from Thane district.Thane district of Maharashtra offers many budget realty options for property in Thane such as Bhiwandi, Kalyan-Dombivli, Mira-Bhayander, Ulhasnagar, Dahanu, Shahapur, Kulgaon-Badlapur, Wada Palghar, and Vasai-Virar. Thane is known as the terminus for India’s first-ever passenger train and it is well connected to the near-by suburbs, all due to the Central Railway’s suburban railway network.

There will always be a high demand for the property in Mumbai and other sub urban areas such as Navi Mumbai, Bandra (Kurla, Andheri and Borivali), Dahisar, Trombay, etc. Thane is a very important railway link to Navi Mumbai and we all know that connectivity is a key driver of property demand and growth in Mumbai and its suburbs. Palghar in Thane district is becoming the new destination for affordable housing with major realty investment option for budget buyers. Other localities such as Dombivali, Virar, Vasai are said to be seen in the affordable category for a property in Thane and in the recent years they have seen continuous capital value gains. Property prices are increasing with each day!

Prices of Property In Thane are low as compared to other property in Mumbai. Basic amenities such as hospitals, educational institutes, restaurants, shopping malls, etc are easily available now in Thane. In Thane district, prices of apartments in the budget localities such as Virar, Vasai, Palghar, Dombivali ranges anywhere between Rs 1,200-5,500 per square feet, making them the mecca of budget investment! If we want to go into details then, Thane is categorised into three segments: Pokhran road, where the property rates are between Rs 3,000 to Rs 3,500 per sq. ft; Ghodbunder Road, where the property rates range from Rs 1,200 to Rs 2, 500 per sq. ft and Thane city where property rates range from Rs 3,000 to Rs 4,000 per sq.ft

Mostly, the demand for 1 and 2 BHK flats is more for property in Mumbai and is increasing with more number of buyers.With their limited budget, people working in the near-by areas are more keen on buying these small sized apartments. More and more developer are trying to woo buyers in many impressive ways for purchasing property in Thane. Among them national brands like Hiranadani, Acme, Lodha, Keystone, Sheth, Kalptaru, Dosti and Runwal – names are included.There are severals projects by local developers also like Puranik, Cosmos, and Vijay Developers.

Future of Property In Mumbai is excellent and long term. Though, so far property in Thane district remains among the more affordable ones around Mumbai, there is going to be a constant rise in property rates since development is catching up with the proper planning and current projects are getting absorbed by buyers in no time!

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