Thane, a metropolitan city of Thane District turned out to be one of the posh locations in the Indian state of Maharashtra, which is now acting as a house to some of the best real estate projects not only in Maharashtra, but also in the world. You will be surprised to know that Thane managed to make its entry in the list of top 20 zones of the world where rich people prefer to own a house based on a study conducted on the global real estate industry or better to say wealth industry. Knight Frank India Limited one of the leading real estate consultancy firms compiled this report and confirmed that yes, Thane is a notable area where rich want to make investment of their wealth.
Samantak Das, being the chief economist and national director (research) for Knight Frank India confirmed that Thane is one of the promising satellite cities and is now a favorable destination for the rich. He said that Thane, because of its excellent infrastructure and high class connectivity made this rank. The city is attracting the rich people to invest in the big fat real estate projects. If comparison is made with the projects located in Mumbai city we get to see that the units in Thane are much bigger in size and also made available with all modern facilities of life which is hard to find in Mumbai. Even the investors in Thane market are getting better returns when compared to the returns they are getting from Mumbai properties. The added advantage of this location is the proposed metro which is going to run between Thane and Mumbai enhanced the price of the Thane projects.
Other popular cities which are in this list of top 20 zones:
- Shanghai
- Istanbul
- Berlin
- Los Angeles
Thane took up the challenge to make way for the development of the real estate industry by closing down multiple industrial units and factories. Earlier Thane was known as an industrial sector. Good news is that some of the notable IT giants and corporate are making shift of the companies in Thane which is boosting this city as a powerful employment hub. Some big real estate names which already launched or about to launch its projects in Thane include:
- Godrej Properties
- Runwal Builders
- Hiranandani Constructions Private Limited
- Piramal Realty
- Puranik Builders
- Rustomjee
- Vihang Group
The reputed Vihang Group, chairman and director, Pratap Sarnaik, said that the price of the projects in Thane is so lucrative that it appeared as an advantageous point for home buyers. Vihang Group has 3
brilliant projects at Ghodbunder Road of Thane and Mr. Pratap Sarnaik clearly said that they are offering the projects at low price and in addition to that all modern and daily amenities are made available for the residents. Thane is emerging as one of the best alternatives for people who want to enjoy a luxurious life in close vicinity of Mumbai city.
Other key features which are attracting buyers to invest in Thane projects:
- Big malls and popular multiplexes like Korum, Viviana, Cinemax, and Lake City Mall are working as big attractions for investors.
- Reputed schools and colleges are present surrounding the city
- Amusement parks, clubs, resorts and restaurants for quality entertainment and leisure facilities.
- Thane is among the names included in smart city mission.
Thane, Mumbai is investment location for rich people. Although I think whole Mumbai is expensive when it comes to real estate. Are there any more affordable locations where I can find apartments.
Hi Manu,
Although you are right about Mumbai being less affordable when it comes to real estate but still there are several locations in Mumbai where you can make a good investment. Here are few blogs that talk about different projects in different locations of Mumbai.
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