Best Residential Areas to Invest in Thane

Thane Skyline

Thane, once a quiet industrial suburb in Northeast Mumbai, is today a bustling metropolis. The growth in Thane in the past decade has been unprecedented. It has emerged as a prime residential and commercial hotspot, a formidable substitute for Mumbai. This ideal location is surrounded by serene nature, lakes, and excellent infrastructure allowing residents to enjoy a comfortable lifestyle. The city has some of the best malls, cafes, and restaurants with many major food and lifestyle brands setting up their shops here.

Thane is an ideal investment destination as the upcoming infrastructure will make the city seamlessly connected to all the regions of the Mumbai Metropolitan region. The recent approval of the Thane Metro Ring Project – a 29 km long ring corridor that will run along the periphery of the city connecting the old and new regions, will be a game changer for the real estate market in Thane. Estimated to be functional in 2029, the corridor will connect major business hubs providing effective transport options for many employees and professionals increasing the rentals and property values significantly.

Depending on the budget, Thane offers many options to investors wanting to invest in residential real estate. From budget and mid-segment to luxury apartments, villas, and bungalows, investors can choose to invest in properties as per their requirements.

1. Budget properties

The locations on the outskirts of Thane city and in the suburbs offer a wide range of options. Kasarvadavli, Bhiwandi, and Kalher have many upcoming residential projects that can be categorized as budget apartments. They have good connectivity to Thane city and Mumbai. The upcoming metro projects will connect these locations to Thane and Mumbai improving access to major hubs. These locations are close to Thane which has many lifestyle and entertainment options.

2. Mid-segment

Kalyan, Dombivali, Kolshet, and Ghodbunder Road have options for investors who are seeking mid-segment investment options. These are growing localities that are well-connected to Thane and Mumbai. Many professionals working in Thane and Mumbai settle in these locations as they offer a good match of budget, accessibility, and infrastructure. These locations have seen a consistent rise in value and rentals. Investing in these locations ensures regular rental income and good returns.

3. Luxury Properties

Locations like Panchpakhadi, Majiwada, Manpada, Vasant Vihar, and Patalipada have many luxury projects. Investors can choose from villas, row houses, bungalows, and luxury apartments. Casa Gardenia Thane located in the coveted Panchpakhadi, has the best 4 BHK row houses in Thane. These are in the heart of Thane with easy access to the main city and the highway. It boasts of the best social infrastructure with many lifestyle options. These row houses in Thane are a part of the larger development complex of Prestige Gardens that will have easy access to external amenities like gardens, security checks, and open spaces.

The newly launched Belicia at Panch Pakhadi is a project by Prescon in association with the Hiranandani Group. This 48-storeyed landmark of Thane will dominate the skyline offering splendid views of the city and Yeoor Hills. Spread over 1.5 acres, this sensation will have 8 residences per floor graced with design aesthetics and multiple amenities to provide a dream lifestyle for the residents.

Investing in Thane is a smart choice as the city is at the cusp of growth with many upcoming infrastructure projects that will make the city a prime spot for economic activity boosting the real estate market.