Buying Property In Thane? More Than 900 Projects Are Up For Grabs

Those looking for property close to India's financial capital Mumbai find Thane appealing based on several factors. For starters, the area presents a perfect blend of agricultural and commercial lives. Today, it is a booming information technology hub while holding tightly to its position an agriculture-based economy. Second, it is also well connected with the other parts of Mumbai via an efficient railway and Maharashtra State Road Transport Corporation network. Thane is connected with neighbouring suburbs through the Central and the Trans-Harbour Line Suburban Railway Network. The Thane Junction, in fact, is the busiest suburban station in Mumbai.

Third, Thane is a tourist spot, too. Apart from a lake, several temples, the area also houses the Sanjay Gandhi National Park.

Who would not be tempted to have a house here?

In that case, let us see what your options are.

The options

According to PropTiger.com, there is a total of 907 projects to pick from. Of these, 707 are ready-to-move-in and 130 are under-construction projects. While a 1BHK flat at Thane West could cost you anywhere between for Rs 21 lakh and Rs 2 crore, a unit of a similar configuration would come for Rs 37-98 lakh at Thane East. If you are looking for a big housing space, you have to shell out as much as Rs 4 crore. Both Thane East and Thane West have great 3BHK plus options for you.

In case you give this property on rent, you could earn an average monthly income of Rs 17,200 (in case of Thane East) or Rs 21,000 (in case of Thane West).

The price trend

While Thane real estate presents unlimited options across segments, prices have not seen much appreciation in the past one year. According to propTiger.com, there has been no change in average property rates in Thane between April 2016 and April 2017. You could buy property in this area at an average price of Rs 9,352 per square foot (sqft). However, when compared to April 2013, there has been a substantial rise in prices. You could buy property at Thane for an average price of Rs 8,800 per sqft in 2013, PropTiger.com data show.

What is new?

All set to book a flat in Thane? You may also want to check the pollution level in the area. No problem. The Thane Municipal Corporation has recently launched a mobile application that would help you test the air quality at a particular location. The application, TMC-Pollution Control Cell, can be downloaded from the Google Play Store on Android phones.