Best Place to Buy Property in Thane Mumbai

Mumbai has for a long time been the hot spot for real estate investment. With plenty of industries and other commercial establishments, the capital of Maharashtra has a dense population and is always busy. Property rates have been increasing all the while due to high demand. However the revenue generated in major cities like Mumbai and Delhi has come down in the last two quarters. Due to the high prices, a lot of completed project still have unsold flats. There is also very little space left in the city to build new projects. Hence people have started moving to places near the outskirts of Mumbai. With government spending more on infrastructure and transportation, travelling to the city has become quite feasible.

With a decreased demand for property in the city, investors have also moved out of the city. They are looking for places near to Mumbai where land rates are cheaper and have better transportation facilities. The outskirts of Mumbai have now become the hot spot for real estate market. Thane, a part of the Mumbai Metropolitan Region is one of the places where investors have kept an eye upon. It is a land filled with abundance of greenery and wonderful lakes. This locality has around 33 lakes and also a good infrastructure consisting of hospitals, industries and malls. Experts have predicted that Thane is expected to grow exponentially in the real estate sector. Located in the center and being an area with cultural arts, Thane is all set to grow in the upcoming years. Thane west, located just outskirts of Mumbai is a place to be preferred owing to its infrastructure and connectivity to Mumbai. It also has roads and rail routes connecting well to other regions nearby. For people moving out of Mumbai owing to the high prices and those looking for a peaceful yet commutable location, Thane west is a suitable region to buy property.

Ghodbunder Road which connects Mumbai’s eastern and western highways has a stretch of about 20 kilometers. It has developed into a residential hub where builders have already started projects. It is one of the best places to invest on real estate. With more funding for infrastructure such as flyovers and metro rail, Ghodbunder Road is definitely a place to invest on. Buyers have the option of choosing between ready-to-occupy flats and those under construction. The properties are surrounded by greenery and filled with clean air. The cost of the property is much cheaper compared to that of Mumbai. A home buyer with a budget of 1 crore can find a suitable place to live in. Murbad located in Thane district is a well know industrial town. Chattarapathi Shivaji airport is the nearest airport to Murbad. The area close to the airport is also a suitable place to invest in the long term as it is growing steadily in value. Vasanth Vihar is another place which is close to Mumbai and has major highway connecting to it. Vasanth Vihar has schools, colleges, restaurants and other basic amenities to live in. These places are a few that have a good potential for mumbai real estate.