Download - Theme - Report 2010
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Real Estate - ThSYNOPSIS Q
THANEFIRST!
Facility Manageme nt Agency Services Research & AdvisoryI I
Mumbai Office: 429, Arun Chambers, 4th floor, Tardeo Road, Near A.C. Market, Tardeo, Mumbai-400 034 Tel.:
Thane Office: Abhimaan-II, 1st floor, Near Damani Estate, Off Eastern Express Highway, Thane (W)-400 602. Board Line: 2598 5000.
E-mail: [email protected] Website: www.themerealty.com
. 022 - 2351 3511.
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For every family in the Mumbai Metropolitan Region (MMR) which
dreams of a home of its own, Thane offers what is arguably the widestrange of residential real estate, across price points and across budgets.
If you have a dream home, you can make it a reality in Thane. From
'budget homes' to homes in the 'mid-range' and on to 'high-end,
premium' homes, Thane has it all
par with any residential location in the
Mumbai Metropolitan Region.
Future Perfect
Thane has evolved into an ideal
residential destination over the years,
and its future promises to be even
better. The best part of Thane: it has
something for everyone, from the'common man' to a 'high profile
resident'. Going into the future, it
shows potential to be a global city of
repute, if one considers the various
infrastructure projects which are in the
pipeline, like the monorail project, for
instance.
Major Resident ial Locations:
Thane has six major locations where
home seekers will find their dream
homes become a reality. These are: (i)
Thane City (ii) Wagle Estate (iii) Pokhran
I & II (iv) Balkum (v) Kolshet and (vi)
All About Thane:
From being Mumbai's 'Sister City' and
not glamorous at that in the 1960s
and '70s, Thane has broken out of the
perception of being the equivalent of a
smal l t ime suburb of Mumbai.
Perceptions change, once you step into
this verdant green, clean and safe city,
which has been magically transformed
in all aspects.
More about Thane:
Wide roads that provide excellent
connectivity, some of the best
infrastructure, lif estyle-plus living, some
of the best academic & medical
facilities, excellent retail and shopping
as also amusement and entertainment
and all this, in a setting that offers
Real Estate of global standards Thane,
over the past few years, has morphed
and become an urban conglomerate on
Ghodbunder Road. Wagle Estate is
largely an industrial area with a strong
I.T. presen ce.
No Longer in Mumbai's
Shadow
Now a home destination of 'choice',
Thane has gone beyond the previous
perception of being in Mumbai's
shadow. The real estate offerings in
Thane have catapulted it in to becoming
the ideal residential destination - it is
truly, the 'supermarket' of residential
options, spanning across budgets and
locations.
Value for Money
Buying a home in Thane is cost effective
- easier on your wallet, both in terms of
the actual cost vis-a-vis similar projects
in suburban Mumbai or in terms of
monthly maintenance charges, which
are also lower in comparison. Easy
the MMR during the last quarter
2009 an eight of all homes sold acr
the MMR were in Thane. That's a la
enough chunk to give Thane the sta
of a 'happening' residential rea
destination.
Thane PROPERTY 2010
The most trusted and preferred hom
property exhibition celebrates its ten
edition. It is auspicious ocassion
Thane MCHI, and the exhibiti
promises to be a win ner, all the way!
Your Dream HomeWill you be the next home buyer
Thane? Will it be your 'dream hom
that becomes a reality in Than
Hopefully, Thane PROPERTY 2010
the 'one stop shop' which will ma
your dream home come true. Tha
MCHI as also the 'Thane Property 20
Exhibition Team wish you the very bes
availability of home finance options
makes it easier to become a reality. A
Thane home is truly, value for money!
Naure's Paradise
Over the years, Thane has achieved
fame as the 'City of Lakes'. It has the
Yeoor Hills in the west and the creek in
the east, with the city situated in
between, providing a pi cturesque locale
to call 'home'. In t he monsoon, Thane's
green cover takes on a verdant hue,
giving it the appearance of being a
residential destination right out of a
fairy-tale.
Its' official . . .
At the launch of the real estate
sensiti vit y index, Liases Foras CEO
Pankaj Kapoor quant i f i ed the
percentage of homes sold in Thane vis-
a-vis the entire Mumbai Metropolitan
Region: Thane accounted for 12.5 per
cent of all residential real estate sold in
Dream Homesbecome a Reality...in Thane
Major Locations
Ghodbunder Road
Kolshet
Pokhran II
Pokhran I
Balkum
Wagle Estate
Thane City
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Some of Thane's major residential locations
are as follows:
Old Thane City:
This is where the
foundation of Thane asa city was laid, and to
his day, it enjoys prime
position in t erms of real
estate pricing you will
f i nd some o f t he
highest-priced realty in Thane located here. In terms of
its realty mix, this locale has a dominance of old
residential buildings, industrial estates, commercial
complexes, high-street retail and hotels, and is spread
over various location like Kopri Colony, Panchpakhadi,
Khopat, Eastern Express Highway.
This locale is all set for some major redevelopment
projects, and most of the existing old societies are in
line for re-development.
It is typically a commercial area with a few residential
projects that are among the most expensive available in
Thane. Any good project coming up in these locations
fetches a good price because of proximity to the
commercial centre, the railway station as also the
demand / supply factor.
Pokhran I & II: This is the equivalent of Thane's
location, far away from noise and air pollution.
Located 5 kms from Thane station, it enjoys proximity
to schools, hospitals, retail and shopping malls and
entertainment. Offering easy access to Old Bhiwandi
Road, New Nashik By-pass, Eastern Express Highway
and the Ghodbunder Road, it offers a good option for
home buyers.
Balkum:Perpendicular to Ghodbunder Road on theThane end and extending towards the Nashik By-pass,
Balkum is located 4 kms from Thane railway station.
This stretch is expected to be the next residential hub
after Ghodbunder Road. It has the presence of high-
end residential and township projects by big
developers.
Nashik By-pass: This is a stretch that begins fromKapurbawdi ,
where Lodha
and Rustomjee
have upcoming
projects. From
the Toll Naka,
towards Kalyan/
Bhiwandi, vast
tracts of open land is set to become the New Thane,and home seekers will find this the ideal future
residential hub .
Green Zone, due to its proximity to Yeoor Hills and its
abundant greenery as also Upvan Lake. In terms of
residential, t his locale commands a premium. Pokhran I
& II are situated 3.4 and 4.8 kms from Thane railway
station and were known as the 'base' for reputed
companies like Raymond, Glaxo, Cadbury's etc.
Projects in Pokhran have a good demand, especially for
premium residential. Among its 'positives' are close
proximity to Schools, Hospitals, Shopping and other
recreational activities. Complexes like Siddhachal,
Hiranandani Meadows are a home for upper higher
income groups.
Kolshet: If Thane has been the location where
industrial usage gave way to residential, Kolshet Road
is the 'poster boy' of this major shift: from Industries to
Residential complexes. Kolshet is a serene green
Ghodbunder Road: Better known as the neurban face of Thane, Ghodbunder Road is a new 'c
within a city' that is evolving in Thane. Regarded as t
fastest-growing belt, Ghodbunder Road offe
residential townships, commercial bui lding
educational institut es, shopping and restaurants.
It is a major link, connecting the Eastern Expre
Highway and Western Express Highway. TMC a
MMRDA have started the construction of flyovers
the Ghodbunder Road at Majiwade, Waghbil Na
and Near Hiranandani Estates. These flyovers wou
ease traffic congestions on t he road.
In theory, you can get a home in Thane - anywhere and everywhere
subject to issues like its cost and whether it suits your requirement.That's the theory. From a home seeker's perspective, some locations
are perceived to be 'hot' and 'happening'. This can be a factor of high
demand for homes in that area, or simply a matter of customer
preference. Either way, these are some of the 'hot' and 'happening'
locations
The residential hot-spotsof Thane
Off NasikHighway
Kolshet
Balkum
Pokhran I
Major chunks of Lan
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For every family in the Mumbai Metropolitan Region (MMR) which
dreams of a home of its own, Thane offers what is arguably the widestrange of residential real estate, across price points and across budgets.
If you have a dream home, you can make it a reality in Thane. From
'budget homes' to homes in the 'mid-range' and on to 'high-end,
premium' homes, Thane has it all
par with any residential location in the
Mumbai Metropolitan Region.
Future Perfect
Thane has evolved into an ideal
residential destination over the years,
and its future promises to be even
better. The best part of Thane: it has
something for everyone, from the
'common man' to a 'high profile
resident'. Going into the future, it
shows potential to be a global city of
repute, if one considers the various
infrastructure projects which are in the
pipeline, like the monorail project, for
instance.
Major Resident ial Locations:
Thane has six major locations where
home seekers will find their dream
homes become a reality. These are: (i)
Thane City (ii) Wagle Estate (iii) Pokhran
I & II (iv) Balkum (v) Kolshet and (vi)
All About Thane:
From being Mumbai's 'Sister City' and
not glamorous at that in the 1960s
and '70s, Thane has broken out of the
perception of being the equivalent of a
smal l t ime suburb of Mumbai.
Perceptions change, once you step into
this verdant green, clean and safe city,
which has been magically transformed
in all aspects.
More about Thane:
Wide roads that provide excellent
connectivity, some of the best
infrastructure, lif estyle-plus living, some
of the best academic & medical
facilities, excellent retail and shopping
as also amusement and entertainment
and all this, in a setting that offers
Real Estate of global standards Thane,
over the past few years, has morphed
and become an urban conglomerate on
Ghodbunder Road. Wagle Estate is
largely an industrial area with a strong
I.T. presen ce.
No Longer in Mumbai's
Shadow
Now a home destination of 'choice',
Thane has gone beyond the previous
perception of being in Mumbai's
shadow. The real estate offerings in
Thane have catapulted it in to becoming
the ideal residential destination - it is
truly, the 'supermarket' of residential
options, spanning across budgets and
locations.
Value for Money
Buying a home in Thane is cost effective
- easier on your wallet, both in terms of
the actual cost vis-a-vis similar projects
in suburban Mumbai or in terms of
monthly maintenance charges, which
are also lower in comparison. Easy
the MMR during the last quarter
2009 an eight of all homes sold acr
the MMR were in Thane. That's a la
enough chunk to give Thane the sta
of a 'happening' residential rea
destination.
Thane PROPERTY 2010
The most trusted and preferred hom
property exhibition celebrates its ten
edition. It is auspicious ocassion
Thane MCHI, and the exhibiti
promises to be a win ner, all the way!
Your Dream HomeWill you be the next home buyer
Thane? Will it be your 'dream hom
that becomes a reality in Than
Hopefully, Thane PROPERTY 2010
the 'one stop shop' which will ma
your dream home come true. Tha
MCHI as also the 'Thane Property 20
Exhibition Team wish you the very bes
availability of home finance options
makes it easier to become a reality. A
Thane home is truly, value for money!
Nature's Paradise
Over the years, Thane has achieved
fame as the 'City of Lakes'. It has the
Yeoor Hills in the west and the creek in
the east, with the city situated in
between, providing a p icturesque locale
to call 'home'. In t he monsoon, Thane's
green cover takes on a verdant hue,
giving it the appearance of being a
residential destination right out of a
fairy-tale.
Its' official . . .
At the launch of the real estate
sensiti vit y index, Liases Foras CEO
Pankaj Kapoor quant i f i ed the
percentage of homes sold in Thane vis-
a-vis the entire Mumbai Metropolitan
Region: Thane accounted for 12.5 per
cent of all residential real estate sold in
Dream Homesbecome a Reality...in Thane
Major Locations
Ghodbunder Road
Kolshet
Pokhran II
Pokhran I
Balkum
Wagle Estate
Thane City
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Some of Thane's major residential locations
are as follows:
Old Thane City:
This is where the
foundation of Thane asa city was laid, and to
his day, it enjoys prime
position in t erms of real
estate pricing you will
f i nd some o f t he
highest-priced realty in Thane located here. In terms of
its realty mix, this locale has a dominance of old
residential buildings, industrial estates, commercial
complexes, high-street retail and hotels, and is spread
over various location like Kopri Colony, Panchpakhadi,
Khopat, Eastern Express Highway.
This locale is all set for some major redevelopment
projects, and most of the existing old societies are in
line for re-development.
It is typically a commercial area with a few residential
projects that are among the most expensive available in
Thane. Any good project coming up in these locations
fetches a good price because of proximity to the
commercial centre, the railway station as also the
demand / supply factor.
Pokhran I & II: This is the equivalent of Thane's
location, far away from noise and air pollution.
Located 5 kms from Thane station, it enjoys proximity
to schools, hospitals, retail and shopping malls and
entertainment. Offering easy access to Old Bhiwandi
Road, New Nashik By-pass, Eastern Express Highway
and the Ghodbunder Road, it offers a good option for
home buyers.
Balkum:Perpendicular to Ghodbunder Road on theThane end and extending towards the Nashik By-pass,
Balkum is located 4 kms from Thane railway station.This stretch is expected to be the next residential hub
after Ghodbunder Road. It has the presence of high-
end residential and township projects by big
developers.
Nashik By-pass: This is a stretch that begins fromKapurbawdi ,
where Lodha
and Rustomjee
have upcoming
projects. From
the Toll Naka,
towards Kalyan/
Bhiwandi, vast
tracts of open land is set to become the New Thane,and home seekers will find this the ideal future
residential hub .
Green Zone, due to its proximity to Yeoor Hills and its
abundant greenery as also Upvan Lake. In terms of
residential, t his locale commands a premium. Pokhran I
& II are situated 3.4 and 4.8 kms from Thane railway
station and were known as the 'base' for reputed
companies like Raymond, Glaxo, Cadbury's etc.
Projects in Pokhran have a good demand, especially for
premium residential. Among its 'positives' are close
proximity to Schools, Hospitals, Shopping and other
recreational activities. Complexes like Siddhachal,
Hiranandani Meadows are a home for upper higher
income groups.
Kolshet: If Thane has been the location where
industrial usage gave way to residential, Kolshet Road
is the 'poster boy' of this major shift: from Industries to
Residential complexes. Kolshet is a serene green
Ghodbunder Road: Better known as the neurban face of Thane, Ghodbunder Road is a new 'c
within a city' that is evolving in Thane. Regarded as t
fastest-growing belt, Ghodbunder Road offe
residential townships, commercial bui lding
educational institut es, shopping and restaurants.
It is a major link, connecting the Eastern Expre
Highway and Western Express Highway. TMC a
MMRDA have started the construction of flyovers
the Ghodbunder Road at Majiwade, Waghbil Na
and Near Hiranandani Estates. These flyovers wou
ease traffic congestions on t he road.
In theory, you can get a home in Thane - anywhere and everywhere
subject to issues like its cost and whether it suits your requirement.That's the theory. From a home seeker's perspective, some locations
are perceived to be 'hot' and 'happening'. This can be a factor of high
demand for homes in that area, or simply a matter of customer
preference. Either way, these are some of the 'hot' and 'happening'
locations
The residential hot-spotsof Thane
Off NasikHighway
Kolshet
Balkum
Pokhran I
Expected future development location
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Project Developer Location Segment Conf igurat ion
Aristo
Glade
ORION
Trebecca
Tropical Lagoon
Cosmos Horizon
Sparta
Home Town
Fiama Residency
Marigold, Siddeshwar Gardens
The Residency
Rosabella
Vihang Hills
Imperial Square
Lodha
Sheth Developers
Vijay Group
Hiranandani
Soham
Cosmos group
Uma Corporation
Puranik
Kasam Developers
Shree Tirupati Group
Vijay Group
Sai Enterprise
Vihang Group of Companies
Square Feet
Balkum
E.E.Highway
Ghodbunder Road
Ghodbunder Road
Ghodbunder Road
Pokhran II
Ghodbunder Road
Ghodbunder Road
Ghodbunder Road
Kolshet
Ghodbunder Road
Ghodbunder Road
Ghodbunder Road
Ghodbunder Road
Luxury
Luxury
Luxury
Luxury
Mid size
Mid size
Mid size
Mid size
Mid size
Mid size
Mid size
Mid size
Mid size
Economy
5 BHK
3 BHK
3 / 4 BHK
3 BHK
2 / 3 BHK
2 / 3 BHK
E2 / 2 / E3 BHK
1 / E2 / 2 BHK
1 / 2 BHK
2 / 3 BHK
3 BHK
2 / 3 BHK
1 / 2 BHK
1BHK
New Projects in Q1 2010
It helps to get a bird's eye view, or get a break-up in graphic format: it helps one
better understand the market scenario. The Research Desk at Theme Realty
Services have created this simple to understand graphic interface, and we hope it
makes your task of understanding Thane that much easier.
Thane, de-mystified for home seekers
Some of Thane's major residential protects launched recently, and price trends over the past year.
Infrastructure
Availability of new projects
Presence of Organized Retail
Complex Amenities
Availability of Comm. Projects
City Pokhran I & II Kolshet G.B.Road Balkum
Good Above Average Average Below AverageCategories
Location Preferences Index
Price comparisons
Key Locations
Thane City
Balkum
Pokhran I
Pokhran II
Kolshet
Ghodbunder Rd
Prices in 2 009
INR4,200 - 6,500
INR3,500 - 4,500
INR3,500 - 4,500
INR4,200 - 6,500
INR3,000 - 4,000
INR2,500 - 6,500
Prices in 2 010
INR7,500 - 10,000
INR4,500 - 6,000
INR4,500 - 5,500
INR5,000 - 8,000
INR4,500 - 5,000
INR3,500 - 6,500
Apt. Type
1 BHK
2 BHK
E3 BHK
3BHK
4BHK
Total Unit s
600
2119
408
470
60
Tot al Sq.Ft.
3.65 lacs
18.95 lacs
4.55 lacs
7.13 lacs
0.91 lacs
Avg. Size
608
895
1118
1518
1533
Flats for posession in 2010
1 BHK - 16%
2 BHK - 58%
E3 BHK - 11%
3 BHK - 13%
4 BHK - 2%
Supply Graph -
Flat for possession in 2010
What makes a city truly vibrant? In Thane's case, it is simply the 'lifestyle'. Startin
out as a typical middle class residential destination on Mumbai's outskirts, wit
stand-alone 'plain vanilla' buildings, it witnessed change with improve
infrastructure and new projects that offered lifestyle-plus homes. This change
also reflected in the new resident profile, which reflects a new, vibrant Thane.
Thane: Current Market Trends
What makes Thane an ideal location t o buy a h ome? It begins
with a combination: latest amenities, world-class facilities, a
wide choice across different projects in lo cations and some of
the most 'value for money' homes. As a result, Thane's
property rate gr aph has been moving northw ards since mid-
2009, and the capital values are estimated by Theme Realty
Services to be up by almost 25 30 per cent.
Buyers show higher interest
Going by records across the past three quarters, there has
been a gradual increase in number of homes bought in
Thane. Apart from the normal buying trends, pent-up
demand for a segment of residences, which was seen to be
on hold due to the previous market conditions, has a
started opening up.
Fence sitters turn buyers
A potential buyer, who has his finances worked out, h
selected a project but does not go ahead and actually 'b
is termed a 'fence sitter'. Apart from the normal buye
Thane has also seen a large quantum of 'fence sitters' acro
the past three quarters, and going into the first quarter
fiscal 2010-11, th e 'fence sitters' are moving into b eing act
buyers. They seem to have gained confidence to put mon
into real estate, especially given the improving mark
conditions.
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Home loans
A crucial role in stabilising sales has been played by home
loans. Various schemes have been introduced by banks and
financial institutio ns across the past few mont hs, which have
attracted home b uyers.
Product Mi x
Theme Realty Services finds that developers are coming up
with 3 / 4 & even 5 BHK flats, while major demand is still
registered for 1 / 1.5 & 2 BHK flats. The last three quarters
have seen major demand for middle income projects, which
have been selling like hot cakes.
From budget t o premium realty
From a country-cousin of Mumbai to a selfsufficient, full-
fledged global city, Thane has indeed, come a long way. With
better infrastructure and connectivity, Thane has now
matured into a location where one could think of high-end
luxury apartments with world class specification and
amenities.
Key central suburb
With infrastructure developments happening at rapid pace,
Thane has now become a key central suburb. Thane is an
ideal alternative for people to come and live in since it has a
city like cosmopolitan feel to it. Thane's huge under-
developed land and scenic beauty has not missed the
attention of ho me seekers.
Huge potential
The Ghodbunder Road locale has huge potential for real
estate development. Not only does it link Mumbai and
Thane, the area provides excellent opportunity to construct
residential complexes at economical rates. Besides, it is
covered with lush greenery and natural beauty and hence,
also offers scope for construction of bungalow plots and
luxury homes preferred by higher middle class and upperstrata of society. Thane has certainly become a matured
destination with a very
strong social infrastructure,
t rad i t i on , cu l tu re and
heritage.
Price Point
The most important factor
for this is the price point,
given that Thane is still do minated by Midd le Income Groups
when it comes to majority of end users in the market, barring
a few pockets like Hiranandani Estates, Hiranandani
Meadows and Siddhachal, which are perceived to be a base
for Upper Mi ddle class / Business class buyers.
If one were to ask for one word that defines the changed Thane from days of old, it
would have to be 'infrastructure'. And, if one were to ask for the one thing that will
re-define Thane in the future, here too the answer is the same. From better roads
and flyovers to multi-modal connectivity that links rail and road through the
monorail, from basic issues like water and sewage to life-style enhancements,
Thane's success story is truly scripted through infrastructure development
Scripting a success story,the Infrastructure way
Monorail Network
A Monorail Network covering 42 km has been proposed
three phases. In the first phase, the connectivity would
between Balkum and Kolshet via Naupada. It will be 16.
km long with 14.65 km elevated, and only 1.4 km on t
surface, and 11 stations in all.
City of choice
From a time when it was seen as Mumbai's 'sister city', Tha
has emerged to be a global standard r esidential destinatio
a city of choice, th anks to infrastructure and this has play
a major role in the appreciation in values of premiu
segment homes. Industry pundits say they would not
surprised to see the prices moving upwards - h omes costi
above Rs 10,000 per sq ft would not be just in Old Than
this might become an integral part of Thane's residential r
estate scene, as we go into 2010.
New launches during Thane Property 2010
Jitendra Mehta of Thane MCHI mentions the new proje
which are in the pipeline, all set for what the 'grand launc
at the Thane MCHI Property 2010 exhibition. Given Than
infrastructure and the way its grown, for home seekers,
might just be the best possible option. The new launches
THANEPROPERTY 2010 co uld t urn ou t to be among t he b
options, given that Thane offers a clean, green environme
in a 'value for money' range of options. Given the sort of ne
project offerings open for bookings during the Thane MC
Property 2010, it should be obvious that families will fitheir dream premium homes becoming a reality in Thane.
Premium @ Ghodbun der Road
Over the years, Thane has matured as a preferred high-prof
residential destination. The choices available in projects a
Real Estate brands a buyer can find in Thane are much mo
than other upcoming Cities. With the existing and t
planned infrastructure on the Eastern Express Highway a
Ghodbunder Road one can easily connect to all the parts
Mumbai and Suburban Mumbai. Major developments in t
HIG segment like the Hiranadani Meadows & Estat
projects by the Sheth
Group, Rustomjee's
Urbania, projects by
Lodha, Dosti Group,
Vijay Group and the
R o s a G ro u p w i l ldefinitely please the
high-profile segment
buyer, looking for
nature along with luxury. Looking at the pace at which t
developments are taking place, Ghodbunder Road, v
soon, will be the preferred choice - even for the high-prof
segment.
Second Homes
Thane the district, not just the city - has witnessed a
growing segment o f bu yers comprising those seeking second
homes that are not too far from Mumbai. After putting in
long weekdays at the office, there is a desire to get away
from the hustle-bustle of the city and spend the weekend
amidst tranquillit y and greenery.
Since work pressures
make it difficult to
take a long break,
most people havebegun to prefer
second homes that
are a short distance
away from the city,
involving a drive of
just a few hours. It is
this segment that is
said to be driving the demand higher end projects in Thane
to a major extent.
Looking for an upgrade
The segment of people who are looking at Thane for an
'upgrade' is also on the rise. Their basic criteria are a place
with large spaces, surrounded by lush foliage, with a
peaceful ambience. Thane has a wide array of options
ranging from one-bedroom flats to penthouses. This again
makes it a favourite p lace for joint families, as there is scope
for family members to buy an independent house close by
once they get married.
Across Thane, while there are 'preferred locations', a number
of peripheral locations are also witnessing extensive
development and large township pro jects.
Rail hu b
Thane has good connectivity to the neighbouring areas
through the Central Railway network. Thane has gained more
importance in terms of railway connectivity to Navi Mumbai
due to the Thane-Vashi and Thane -Panvel local train line.
This year, fast trains have also started between Thane and
Panvel. Almost all trains going to Konkan Railway from
Mumbai halt at Thane.
SATIS
The Station Area Traffic Improvement Scheme (SATIS) project
at Thane railway station is already functional, with the two
flyovers on either side of the station having opened up for
public use.
This mega project is perhaps, one of the Thane Municipal
Corporation (TMC)'s biggest dreams and with this dream
slowly becoming a reality, life will become even easier for
Thaneites.
The 'City Of Lakes' is now well and truly a residential hub
which has great infrastructure with excellent connectivity to
all parts of Mumbai and its peripheral areas. From a home
seeker's perspective, Thane is an ideal residential destination,
given great rail and road connectivity to South Mumbai,
Central Suburbs, Navi Mumbai as well as the Kalyan-Dombivli
belt. Even the western suburb s can be quickly accessed by
road.
Families that grow
Thane has also attracted a large number of young-aged
buyers for its connectivity. After all, while they desire their
independence, there is also a need to qui ckly reach the house
of bot h sets of parents, which makes Thane an ideal location.
Value-for-money residential destination
Thane has a well-established image as a value-for-money
residential destination and it is this segment of buyers that
continues to fuel the demand for homes there. At the same
time, luxurious bungalow projects and large apartments have
also found t akers.
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8/3/2019 Theme - Report 2010
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