May 2022

There was a time, not long ago when Thane was considered one of those far off places with lile to no sustainable infrastructure and development prospects in terms of real estate and entertainment.

Boman R. Irani
President-Elect, CREDAI

There was a time, not long ago when Thane was considered one of those far off places with lile to no sustainable infrastructure and development prospects in terms of real estate and entertainment. However, in the last two decades, the landscape of Thane has changed. Today, Thane has transformed into an oasis of opportunity as well as a hub for sustainable growth and development prospects.Real estate in Thane has been flourishing well over the past decade.

Addionally CREDAI-MCHI Thane Unit has been acve, and this has only helped in its growth because of its extremely posive outlook towards the creaon of a progressive, organized, and robust real estate sector that is mutually beneficial for all its stakeholders. CREDAI’s aim is to not only increase the credibility of the real estate industry as a whole but also seeks to support and enrich the Government’s iniaves. With some of the largest developers stepping into the arena and working hand in hand with local developers, Thane is now one of the prime suburbs with some of the best projects real estate has to offer. From some of the fanciest malls to luxury housing projects complete with superior quality amenies offered by developers with a view to creang a beer lifestyle, the city of Thane is truly making great strides in real estate

From some of the fanciest malls to luxury housing projects complete with superior quality amenies offered by developers with a view to creang a beer lifestyle, the city of Thane is truly making great strides in real estate development – both residenal and commercial. CREDAI-MCHI Thane Unit is of the belief that through strategic local partnerships with the Thane Municipal Corporaon, the MMRDA, and MIDC Thane that are already doing considerable work towards building sustainable infrastructure, Thane is going to be a bourgeoning city with great potenal for growth in commerce as well as real estate development – both residenal and commercial.

CREDAI-MCHI Thane Unit is of the belief that through strategic local partnerships with the Thane Municipal Corporaon, the MMRDA, and MIDC Thane that are already doing considerable work towards building sustainable infrastructure, Thane is going to be a bourgeoning city with great potential for growth in commerce as well as real estate.

According to the experts, stakeholders or investors who had foresight and invested in Thane as close to a decade ago have enjoyed an estimated 300% growth in the last couple of years. With an increase in employment opportunies up to roughly 40% in the Mumbai Metropolitan Region (MMR), including Thane, there will be a subsequent increase in the demand for housing which in turn will only serve to ensure that real estate investments appreciate further.

Thane is a city that is ideal in terms of its locaon, connecvity to rest of Mumbai and transportaon infrastructure; it’s like a hub. There are various infrastructure projects and developments that are underway that will only increase Thane’s appeal in the near future. Some of the projects worth menoning are: • Metro Line 4 connecvity from Thane to Wadala • Proposed Metro Line 5 connecvity from Thane to Kalyan • Proposed Bullet Train Thane Staon (Mumbai - Ahmadabad) • Proposed Thane-Borivali Tunnel Road, GMLR Connecvity, Airoli - Dombivali Tunnel road via Thane, and other roadways developments

In addion, Thane is also well connected to the various business districts such as Airoli Mindspace, Godrej IT Park Vikhroli, Powai Commercial District, GB Road (Hypercity), and Bhiwandi Industrial area. It is worth mentioning that Thane has excellent connecvity to major roads and highways, check nakas, railway and Metro staons. The city of Thane is blessed by nature with its picturesque beauty. In addion, its locaon, efficient public transportaon system and roadways make it an ideal choice for potenal homeowners and business people alike. The future prospects for Thane are certainly looking bright. What is needed to encourage this environment of growth is the foresight and mutual collaboraon of all stakeholders.

Also read: Thane: A Success Story Co-Scripted By Real Estate Development

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