Thane has turned out to be one of the posh locations in the state of Maharashtra which is now a house to some of the best real estate projects, not only in Maharashtra but also in the world. You should not be surprised to know that Thane has managed to make its entry in the list of Top 20 zones of the world where the elite class is willing to own a house based on a study conducted on the global real estate industry or better say, the wealth Industry.
This was confirmed by one of the leading real estate consultancy, Knight Frank India that Thane is a notable area where the rich and elite class want to make an investment of their wealth, on the basis of their compiled reports. Chief Economist and national director (Research) for Knight Frank India, Samantak Das, confirmed that Thane is one of the promising satellite cities and is now a favourable destination for the rich to make a real estate investment. He further added excellent infrastructure and high-class connectivity are the reasons Thane has been given this rank.
When a comparison is made between Thane and Mumbai real estate, the ticket size offered in Thane is much affordable and boasts all the modern amenities which is nearly impossible to find in Mumbai. Investors in Thane’s Real Estate are also enjoying a greater ROI when compared to the returns they can expect from their residential apartments in Mumbai.
The added advantage of buying property in Thane is the coming up of Metro which is going to make traveling from Thane to Mumbai seamless and comfortable. This will surely enhance the price of Upcoming residential projects in Thane. Shanghai, Istanbul, Berlin, Los Angeles are among the other popular cities which made it to the Top 20 zones.
Previously, Thane was known for its Industrial sector but it took up the challenge to make way for the development of the realty industry by closing down multiple industries. The Good news here is that some of the notable IT firms are shifting their companies to Thane which will boost the city as a powerful employment hub. This cousin city of Mumbai witnessed growth in a number of residential towers that provided residents with amenities and facilities that were once just exclusively available only to the South Mumbai’s realty market. The portfolio of Thane’s real estate advanced from ground plus seven floors buildings to multi-storey towers offering all the modern amenities and luxurious facilities. City’s pleasant surroundings, pollution free environment and greenery all around, broad and better roads, and seamless connectivity helped Thane come in limelight.