Thane is now a well-established city in its own right. The Thane Municipal Corporation has proven itself to be a government body that is committed to the development of Thane, placing it on the map of one of the most desirable residential cities in the country. Thane is considered to be a good real estate investment as well.
Within Thane also certain areas have grown rapidly as residential hubs, notable amongst them are Pokhran Road and Godhbunder Road. However, these have now become saturated with few land parcels available for further projects.
Amongst the emerging areas of Thane, Majiwada features as one of the premium preferred locations which people looking to purchase property in Thane are considering. One does not have to look far to understand the lure of Majiwada. It enjoys the benefits of great connectivity, which is one of the vital points that people looking for a flat in Thane would look for. Majiwada is quite central inn its location – right at the junction of the roads leading to Nashik, Bhiwandi and Western suburbs via Ghodbunder Road. Even during peak hours, the Mulund ‘check naka’ is barely twenty minutes away. Besides, it is a ten minute drive from Thane Station. With excellent public transport by way of buses and auto-rickshaws, there is a lot of ease in the travel from and to Majiwada and within Thane as well.
There is no dearth of entertainment and retail shopping options in Majiwada with the Viviana Mall just a few minutes away. Several other retail establishments, restaurants and cafes have come up in the area. In fact, in such projects like Rustomjee Urbania, Majiwada West, the retail outlets are situated within the self-sufficient township itself fulfilling all the requirements of the residents from groceries to stationary and from medical and healthcare to grooming.
Some of the best hospitals and schools and colleges are also easily accessible from and are close to Majiwada. In fact, Rustomjee Urbania has its own international school and activity center for extracurricular activities for children located within the township as well.
Those purchasing flats in Majiwada, would also have the advantage of not having to travel far for work, or rather even adopting the ‘walk to work’ concept in their lives. With Thane emerging as the preferred destination for corporate India several major business players have set up base here including TCS, Bayer, Cadbury, Raymond, Voltas, GSK, Blue Star and many more.
Recognizing the fact that those who work in Thane and Majiwada in particular are going to seek aspirational lifestyle homes in the area, many reputed builders have planned world class projects in Majiwada, including Lodha, Hiranandani, Piramal and Rustomjee. The projects cater to all budgets and configurations, though 2 BHK flats are most sought after.
Majiwada, with the advantage of connectivity and existing, ongoing and upcoming infrastructure, is expected to witness real estate appreciation in the near future. In fact, a safe estimate can place a 15% year on year increase in real estate prices and a 5 % increment in rental incomes.