Thane Real Estate (2024) – Where To Invest in Thane?

Thane Real Estate (2024) – Where to Invest in Thane?

19 December, 2023

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4 mins read

Thane Real Estate (2024) – Where to Invest in Thane?

Once known as the “Satellite City of Mumbai”, Thane has now emerged as a real estate hotspot. One can see a large number of under-construction projects in Thane, offering excellent investment opportunities for investors and homebuyers alike. Owing to its proximity to the financial capital of India, Thane property rates are expected to surge significantly in the coming years.

Considering the state government’s infrastructure development plans for this area and competitive property prices, it's the right time to invest in Thane real estate.

Best locations to Buy a Property in Thane

Thane builders and developers have taken conscience of the area’s potential for future growth. To cash in on the twin factors of developing social infrastructure and high commercial growth, they have started constructing an array of residential projects in Thane with fancy amenities.

However, an investor must consider the location, neighbourhood, and various other parameters before investing in Thane real estate projects. So, for investors looking to buy a property in Thane, here are the top emerging destinations:

  • Balkum Pada

When it comes to finding a nice home near Thane, one should first look at Balkum. It is home to some of the premium properties like Piramal Vaikunth that offer the best of city living. People choose to live in Balkum for a couple of reasons. It is one of fast-developing areas and it is very close to the industrial hub near Manpada and Kolshet industrial area.

Inhabitants of Balkum can reach Eastern Expressway which is just 1.5 km away. This expressway connects Balkum to BKC and South Mumbai. The Eastern Expressway also connects Chhatrapati Shivaji International Airport. Thane railway station is only 5 km away and a metro station is also underway construction. Once the metro is in place, Balkum will connect Thane to areas like Bhiwandi and Kalyan.

On average, properties in Balkum are available at ₹12,456 per square foot.

  • Manpada

Manpada is a rapidly growing residential hotspot in North Thane. It is well connected with major regions in Mumbai through the National Highway 48, Eastern Highway, and Ghodbunder Road. The development of the metro line will enhance the area’s connectivity. In the bargain, there are many ongoing infrastructure projects in this area nearing their completion.

Another reason to buy a property in Manpada is its proximity to the IT Parks and the Kolshet Industrial area. The locality also has shopping malls, hospitals, and top educational institutes, including the Siddhivinayak Hospital and the Ryan International School. The average real estate sale price here is ₹14,940 per sq. feet.

  • Anand Nagar

Once an industrial hub, Anand Nagar has recently developed into a residential hotspot. There are several upcoming real estate projects in this area where one can invest in. One advantage of investing in this area is it offers flats at competitive rates than other popular regions in the Mumbai Metropolitan Area (MMA).

The Anand Nagar locality also enjoys excellent connectivity to Mumbai, Navi Mumbai, Kalyan, and Panvel through robust rail and road networks. For the daily needs of residents, there are top shopping malls and schools, including the Shreeji Centre Mall and The Don Bosco High School. The average residential property rate in Anand Nagar is ₹9,393 per sq. feet.

  • Kolshet

The Kolshet Road is still in the developing stage. With several reputed real estate companies in Thane planning to build their residential projects on this stretch, Kolshet is poised to become one of the favourite destinations for homebuyers in the upcoming years.

The area already boasts some top education institutes and hospitals, including the Amber International School, the Blossom English High School, and the Highland Super Specialty Hospital. The current average sale price for housing properties in Kolshet Road is ₹12,631 per sq. feet but is expected to surge soon.

  • Waghbil

Waghbil is a sub-locality in Thane West. Once an underdeveloped town, it is now developing into a real estate hotspot. The area enjoys excellent connectivity through various modes of transportation. The nearest railway station is Thane Railway Station, and the bus stop is Waghbil Naka. With the upcoming metro line 4, the communication of Waghbil will improve further. The average property rate in Waghbil is ₹10,743 per sq. feet.

  • Pokharan Road 1 and 2

Pokharan Road 1 and 2 are developing into a new real estate hub in Thane. Several reputed real estate developers have launched their under-construction properties at these locations. One can enjoy easy accessibility apart from the captivating views of the Upvan Lake and the Yeoor Hills. The average property rate in Pokharan Road 2 stands at ₹14,669 per sq. feet.

Top Property in Thane for Investment

Prospective investors can look to invest in Thane real estate at these locations. There are numerous under-construction projects in Thane where one can invest. For instance, if someone is looking for prime flats in Thane, Piramal Vaikunth can be a great option. It is a luxurious housing project by one of the top real estate developers in Thane.

Piramal Vaikunth offers urban 2 and 3-BHK residences with some extraordinary amenities. The project not only enjoys proximity to major commercial hubs, shopping malls, and attractions but also offers the highest living standards, not to mention the spectacular view of Thane Creek and Yeoor Hills.

Click here to take an e-tour of this project.

Disclaimer- This article is based on the information publicly available for general use as well as reference links mentioned herein. We do not claim any responsibility regarding the genuineness of the same. The information provided herein does not, and is not intended to, constitute legal advice; instead, it is for general informational purposes only. We expressly disclaim /disown any liability, which may arise due to any decision taken by any person/s basis the article hereof. Readers should obtain separate advice with respect to any particular information provided herein.