Thane once referred as a ‘satellite city’ of Mumbai has become a key metro city in India. It is the 16th most populated city in the country and has over the years transformed into a hub for luxurious real estate properties. The reason one should consider while buying a home in Thane is the up-gradation of standard of living, as you tend to get more space, more luxuries at a cheaper cost as compared to buying a home in Mumbai. The overall cost index of Thane is more than 25% lower than that of Mumbai making it a budget city to live. There are many other reasons as to ‘why’ it is worth investing in real estate in this ‘City of Lakes’. So, let us discuss 5 key factors which makes buying a home in Thane worth every penny you spend.
1. Thane and Its Overall Connectivity:
Be it terms of road or with regards to the railways, This city is extremely well connected to Mumbai. In fact, apart from the eastern and western Mumbai suburbs, Thane is also well connected to Navi Mumbai. Some of the network of roads connecting this ‘City of Lakes’ include: Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway and the Thane-Belapur Road. Furthermore, with regards to train services this city is well connected by the Central, Harbour, and Trans-Harbour Suburban Railway Network. In addition, the proposed Metro train service from Thane to Wadala is all set to improve connectivity of this city to Mumbai even more, thereby significantly reducing travel time in days to come.
2. Schools and Hospitals In Thane:
The ‘paradigm shift’ from heavy industries to real estate boom (particularly luxurious homes) that Thane has witnessed during the 1990’s, has led to an increase in a number of educational and health centers in this city. A few popular schools and hospitals located over here include: Vasant Vihar School, Smt. Sulochanadevi Singhania School, and the Rustomjee Cambridge International School in the premise of the Rustomjee Urbania Township. With regards to hospitals, they are known for their ‘state of art technology’ such as Jupiter and Horizon hospitals.
3. Thane, A Paradise For Shopaholic’s:
The sudden real estate boom in Thane has also resulted in a number of shopping malls being developed. A couple of popular ones in the ‘City of Lakes’ are: Eternity, Korum, R-Mall and the Viviana Mall. In fact, Viviana Mall is supposed to be India’s first visually impaired friendly mall, a brilliant concept since according to statistics there are about 15 million blind men/women residing in this country as of today which is the highest in the world. Furthermore, these malls provide for a mixture of popular fashion brand outlets, food outlets, and entertainment centers such as cinema halls. Some of them include: Shoppers Stop, Marks & Spencer, Charles & Keith, ZARA, Forever 21, Tommy Hilfiger, Starbucks, Copper Chimney, Pizza Express, and Cinepolis, a megaplex with 14 screens.
4. Thane, An Investor’s Delight:
Since last three years with regards to real estate in Thane, there has been a phenomenal growth observed in relation to return on investment (ROI). Apparently, the prices of real estate in this ‘City of Lakes’ has appreciated to about 30% in these 3 years. In addition, the brilliant infrastructure, open spaces provided by most real estate residential projects including Lodha, Hiranandani etc. makes this city a true investor’s delight. So if you are thinking to invest or upgrade your standard of living, Well Thane is the right place for you.
5. Thane, Green Beauty Surrounding ‘The City Of Lakes’:
Proper planning and great infrastructure that Thane is surrounded by a number of green gardens. Furthermore, many real estate developers initiating projects in this city have also realized the importance of a ‘clean and green environment’, and have hence started building residential properties with spaces filled with greenery. The upcoming ambitious luxury project of Lodha by the name of Lodha Sterling has a huge banyan tree in its courtyard which is rarely seen in a real estate project. Another upcoming project Lodha Amara possesses huge play area and greenery in it’s courtyard making it an idle place for children to play and relish their childhood. As a matter of fact, the Rustomjee Urbania has been awarded by the IGBC (Indian Green Building Certificate) with a ‘Pre Gold Rating’ for the green environment it possesses.
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