The story of Thane’s renovation from rags to riches
Mumbai city is known to have a mixture of luxury apartments of different types and for different income groups. Following this trend, a number of localities that had created their impression as being affordable residential hubs, are now switching to luxe mode. One of the most evident example of this transformation is Thane.
Thane, which has always been known as the hub of mid segment property seekers, has been renovating its image. From offering low budget houses, they have now switched to the luxury segment units.
To support this renovation of image, various physical and social infrastructures have been developed in the region. The coming of various renowned companies have made it an ideal choice for people working there.
According to 99acres quarterly real estate report, Insite, Thane has shown a constant appreciation rate of 4% in the capital value, since the last two quarters of the year 2014. The reason behind this can be attributed to a strong infrastructure development and a high rate of infrastructure developments.
While there are as number of sub markets of Thane, which are equally high in growth, but a few of them have emerged as prime residential destination. One of them is Mandapa.
Mandapa
An important locality of Thane, Manpada, which was earlier only a part of the lush green areas of the Ghodbunder Road has recently transformed into a grown residential hub of city, providing an extensive range of options for the property buyers. The region meets the property need of all income class of people.
1. Acme Group
The eminent builder group of Mumbai, Acme Group has added another name in its realty portfolio. Marketed in Mandapa as Acme Ozone, they are offering 2 to 4 BHK apartment units of 1080 to 1346 sq. ft. area in this project. Being priced in the range of Rs. 1.1 Crore to 2.89 Crore, it’s loaded with all the basic yet modern amenities like club house, swimming pool, sauna, gym, park, intercom, paved compound, open space, and intercom etc. The modern amenities plus large space and comparatively lower price is the main reasons behind growth in demand of this project.
2. Varun Developers
Another premium brand of Mumbai’s real estate, Varun Developers has also announced the launch of their new project in Thane area. Launched as Varun Garden, they are offering 2 to 3 BHK apartments of 1040 to 1400 sq. ft. area. The price range of the project has been set according to the modern amenities and large offered space. Various amenities like shopping center, sports facility, waiting lounge, clubhouse, hall, swimming pool, paved compound, and open space etc. are being offered to meet the comfort needs of occupants.
Buying a house in Thane is one of most profitable investments you will ever make in Mumbai’s real estate. Considering the surge in number of new launches and a constant growth in the value of capital appreciation, the expected returns are very high. Now would be a great time to make an investment here.
Tripti writes on the behalf of 99 acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman and a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time.
Thane, which has always been known as the hub of mid segment property seekers, has been renovating its image. From offering low budget houses, they have now switched to the luxury segment units.
To support this renovation of image, various physical and social infrastructures have been developed in the region. The coming of various renowned companies have made it an ideal choice for people working there.
According to 99acres quarterly real estate report, Insite, Thane has shown a constant appreciation rate of 4% in the capital value, since the last two quarters of the year 2014. The reason behind this can be attributed to a strong infrastructure development and a high rate of infrastructure developments.
While there are as number of sub markets of Thane, which are equally high in growth, but a few of them have emerged as prime residential destination. One of them is Mandapa.
Mandapa
An important locality of Thane, Manpada, which was earlier only a part of the lush green areas of the Ghodbunder Road has recently transformed into a grown residential hub of city, providing an extensive range of options for the property buyers. The region meets the property need of all income class of people.
1. Acme Group
The eminent builder group of Mumbai, Acme Group has added another name in its realty portfolio. Marketed in Mandapa as Acme Ozone, they are offering 2 to 4 BHK apartment units of 1080 to 1346 sq. ft. area in this project. Being priced in the range of Rs. 1.1 Crore to 2.89 Crore, it’s loaded with all the basic yet modern amenities like club house, swimming pool, sauna, gym, park, intercom, paved compound, open space, and intercom etc. The modern amenities plus large space and comparatively lower price is the main reasons behind growth in demand of this project.
2. Varun Developers
Another premium brand of Mumbai’s real estate, Varun Developers has also announced the launch of their new project in Thane area. Launched as Varun Garden, they are offering 2 to 3 BHK apartments of 1040 to 1400 sq. ft. area. The price range of the project has been set according to the modern amenities and large offered space. Various amenities like shopping center, sports facility, waiting lounge, clubhouse, hall, swimming pool, paved compound, and open space etc. are being offered to meet the comfort needs of occupants.
Buying a house in Thane is one of most profitable investments you will ever make in Mumbai’s real estate. Considering the surge in number of new launches and a constant growth in the value of capital appreciation, the expected returns are very high. Now would be a great time to make an investment here.
Tripti writes on the behalf of 99 acres.com. Her articles talk about new developments in the real estate industry. She is an avid fiction reader, craftsman and a keen observer. Being someone who just observes without having a point of view, she keeps herself updated in real time.
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