Driven by infrastructure, Thane’s real estate sector is expected to swing into action. The building blocks enhanced connectivity and city development initiatives, are key to the generation of buyer demand although, you cannot dismiss the probability of its inclusion within the municipal corporation limits and residential affordability as also impertinent.
We have summed up Thane’s positives in the first quarter of the year 2016.
The Panvel-Bhimashankar-Chakan Highway connecting Mumbai to Karjat; Neral-Badlapur Highway connecting Karjat to Khopoli or Pune; Majiwada Junction Flyover giving smooth connectivity to commuters to Mumbai, Nashik, and other areas are some drivers. Various PROPERTIES ARE AVAILABLE IN THANE GHODBUNDER ROAD catering to both commercial and residential development and ensuring connectivity to Eastern and Western Express Highways in Mumbai has also been a determinant.
The city’s development drive includes upping its social infrastructure; upgrading water treatment plants; supply of potable water and underground drainage network. All these factors resultantly lead to impacting the real estate sector positively.
Other influencing aspects of Thane such as home loan affordability; availability of modern and good quality building projects; well-designed and efficiently planned spaces in the offering cumulatively compel everyone to expect a growth-oriented 2016.
PROPERTY PRICES IN THANE are slowly on the rise than its near peers but going forward due to rapid development, prices may rise. A growing interest from the local workforce and investors in properties here might also push prices.
The affordable housing segment of Thane can expect a facelift this year. Two developers’ associations have signed a MoU to build 5.69 lakh affordable dwelling units across MMR. Despite the six percent increase in the ready reckoner rate, Thane’s real estate experts are of the opinion that infrastructure will be a driving factor of the city’s realty.
Source: PROPERTY PLUS
A-201 Manas Apartment, V.S Marg.
Near Teen Petrol Pump, Thane(w) – 400602