In recent times, affordable housing has added momentum in the real estate market of many cities. Due to lower price, and easy loan availability prospective home buyers are flocking towards such cities to invest in their dream home. Among all such cities, Thane has emerged as a hotspot for affordable housing in Mumbai Metropolitan Region (MMR). Take a look at some of the top localities in Thane where you can invest:
Named as State Highway-42, Ghodbunder Road passes through the entire Thane city. It also well-connect Thane to Eastern Expressway and Western Expressway. The locality today is host to some of the best known luxury housing project that includes Hiranandani Estate, to other best affordable housing projects. Presence of entertainment centres, education institutions, schools and retail stores make this area hot favourite among many prospective homebuyers. The locality has also shown an increase in the price trend in last few years.
The average property price here is 10,281 per sq.ft.
It is another emerging locality in Thane that offers many affordable housing projects for the home buyers. The locality is well-connected with other surrounding and adjacent area via Mumbai Local and Mumbai-Pune Railway route. The state Government has also proposed infrastructural projects in this region. This will further make this locality buyer friendly. Due to presence of well-developed project and infrastructure, property prices in Ambernath recorded a steep trend in last few years.
The average capital price of the property in Ambernath is 4209 per sq.ft.
With well-developed connectivity, sound infrastructure and presence of renowned builders like Lodha and Rustomjee, Majiwada is another promising locality to invest in Thane. One can find a mix of both small and mid-level housing units in Majiwada. The property price in Majiwada range between Rs 8,411- Rs 13,401 per sq.ft.
The locality has emerged as one of the most favourable affordable housing destinations in Thane. The average property price in Badlapur is Rs 3,800 per sq.ft. and that is the main reason why more and more homebuyers are ready to invest here. With many planned and proposed developments, the price will eventually increase in future. Badlapur enjoys good connectivity with other areas of Thane through state run buses and Mumbai local.
Another preferred investment destination in Thane, Manpada is well-connected to other areas of the city via local transportation system. Thriving infrastructure also plays a key role in attracting homebuyers to invest here. Due to this, the locality has also seen an increase in the property price trends in past few years. The current average property price in Manpada is 11,685 per sq.ft.