Faqs On Buying A Property In Thane

by Anushka Rajapurkar VJ & Actress

faqs--820x388

For a very long time, Thane has remained an underrated area. It was known as the pollution-emitting town since it was the major industrial area in Mumbai. For the longest time, investors shied away from purchasing apartments/flats in the city. However, in the past decade, Thane has seen rapid development not only concerning residential and commercial complexes but also educational centres, public transportation, entertainment factor and other necessary amenities.

This elevation has led to increased investments in flats in Thane, be it 1, 2, 2.5 or 3 BHK. If you are wondering how Thane has garnered so much popularity in the recent past and become a hotspot today, the following questions should answer your queries:

What has drawn real estate companies to Thane in the recent past?

One can find greenery and clean air in abundance at Thane. The city is home to 33 lakes, 9 malls, 5 hospitals and over 50 gardens. If you are seeking an enriching lifestyle, then Thane is the place to be. The Mumbai Metropolitan Region (MMR) have suggested that there is a slew of infrastructure plans ahead. In fact, some have already been approved by the Mumbai Metropolitan Region Development Authority (MMRDA).

Thane is centrally located. Many real estate companies such as Neelkanth realty properties are approximately 9 mins away from the Thane station. With metro and monorail coming up, the city is slowing moving towards self-sufficiency mode.

Which are the popular areas in Thane?

Some of the famous malls, hospitals, educational centres and highways are found in Thane West. The area comprises of Manpada, Majiwada, Kolshet Road, Ghodbunder, Kapurbawdi and Balkum Village. While investing in a property, ensure the place has excellent infrastructure like easy connectivity to the central city, broad roads, convenient shopping malls and healthcare facilities. Real estate company like Neelkanth group have plenty of upcoming projects in the areas mentioned above.

Is it ideal to go for an under-construction or ready-made flat?

Both have their advantages. When the person books an under-construction apartment, they receive a lower price. The payment cycle spreads for a year, and they get more flats to choose from. The investor has to appoint a reputed builder if they are going for upcoming apartments.

If it is a ready-to-move-in property, you save money in the form of rent and can shift immediately. You also get a clear idea of the locality and neighbours.

Which are the best ongoing/upcoming real estate projects to invest in Thane?

A lot of flats in Thane East and West are affordable and come with additional benefits. One can find all the amenities like an amphitheatre, kids pool, jacuzzi, gymnasium, clubhouses, music classes and a library within the complex. Some also provide healthcare services. The best ones in the market are Lodha, T Bhimjyani (earlier a part of Neelkanth Group), Rustomjee, Piramal, Runwal and Kalpataru.