Real Estate News
July 25, 2016
The city has a desirable profiling on the Mumbai real estate map as it remains a mixed bag offering multiple housing options, which includes affordable to ultra-luxury projects.
With several new infrastructure projects in the offing, Thane has emerged as the preferred choice for any real estate investment.Besides the relative affordability factor it offers as compared to any other area in the Mumbai Metropolitan Region (MMR), several new-age home-buyers are zeroing in on a property in this part of the Central suburbs.
While Yeoor Hills and Parsik Hills envelop the city and add scenic beauty , about 33 lakes spread across Thane bring forth ample opportunities for watersports and recreation. Besides natural beauty , Thane has many landscaped gardens, including the famed botanical garden, which is built by the Thane Municipal Corporation in collaboration with the forest department.
The availability of large tracts of land vacated by industries has triggered the development of integrated townships in Thane. These townships offer a methodically-planned environment with better infrastructure, retail and commercial spaces within the premises.
In the past few years, infrastructure facilities have improved with the construction of SATIS (Station Area Traffic Improvement Scheme) and multiple new flyovers on Ghodbunder Road. The three flyovers and one upcoming flyover in Thane will help ease the overall vehicular traffic. It is well-connected to the eastern suburbs by the Eastern Express Highway and to the western suburbs. The city also has connectivity to Navi Mumbai by both trains and roads. Connected via three major highways, including NH3, NH4 and Eastern and Western Express Highways, the city is being equipped with superior infrastructure such as subways and flyovers that will boost the overall infrastructure of Thane. Mumbai Metropolitan Region Development's (MMRDA's) metro project aims to connect Ghatkopar to Ghodbunder Road followed by Dahisar, which will also improve connectivity between Thane and the western suburbs. Some of the major projects which have dramatically changed the overall profile of the area include SantacruzChembur Link Road (SCLR), proposed fourth phase of the metro, underground tunnel from Manpada to Borivali, and two proposed monorail lines that will connect Thane with Dahisar and Kalyan respectively. Currently, there are seven flyovers that are in various stages of construction which will connect Thane with Dahisar and Ghodbunder Road with Bhiwandi.
The development of infrastructure projects has also been instrumental in reducing the travel time between Thane and Mumbai and Thane and Navi Mumbai to 25 minutes from the earlier 40-45 minutes. Infrastructure develop ment has thus played a major role in bringing the city and its peripheral area into focus and making it an attractive destination for home-buyers.
Thane is likely to witness a sea of change in the infrastructure with the development of some of the following projects -Wadala Ghatkopar metro line to be extended to Teen Haath Naka and Kasarwadavali near GB Road.
Similarly, Thane-Borivali tunnel is scheduled to be completed by 2019, which will further improve connectivity and bring down this distance to less than ten minutes. In addition, Elevated High Capacity Mass Transit Route (HCMTR) will lead to equitable distribution of road traffic through Thane.
A large proposed infrastructure development, including tourism and water projects in Prime Central Thane. With the proposed smart city project, the realty landscape in Thane is set to witness a paradigm shift.
Source: Times of India Newspaper
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