What Makes Thane The Next Big Thing In Real Estate Investing?

Thane has emerged as one of the promising locations in the real estate market, thanks to its fast growth in the few years in the MMR. Whether you’re interested in investing in homes, office spaces, or retail stores, Thane is a good place to be. These aspects include exponentially flourishing urbanisation, access to infrastructure, and competent government strategies that have turned the city into an active real estate market. In this blog, let’s look into the reasons why Thane is becoming the hot favourite among investors and why it should be you next.

Residential Properties in Thane

The residential segment has witnessed rapid growth in Thane, where developers are creating various houses, from luxurious and expensive to low-cost ones. There are many classes of people in the city, from higher income earners to comfortable income earners to average income earners.

a) Luxury Apartments

Thane boasts a high-end and lavish lifestyle domain. Some of the luxury real estate developments feature exclusive amenities like swimming pools, fitness centres, and smart housing. The need for such luxury apartments has been occasioned by the increased demand for quality lifestyles by middle—and upper-income earners who can afford better living standards than the congested Mumbai.

b) Affordable Housing

Finding a pocket-friendly residential property in Thane is no big deal as it offers best-in-class housing apartments to mid-income customers at economical prices. Over the years, several government initiatives for low-cost housing have given a purpose to thriving families to easily get a house they can call their own. Thane is one of the most preferred locations in Maharashtra for affordable housing, mainly because of PMAY and other state-initiated projects to build homes for many.

c) Family-Friendly Living

Modern facilities like parks, schools, hospitals, malls, etc., make Thane a preferred destination for all classes of people, especially for families. The city is equipped with great social facilities, which makes it safe to raise children. The development of open spaces and community centres adds to its appeal as a family-friendly location.

Commercial Properties

Thane is also emerging as a major commercial city. It offers a cheaper option of doing business than Mumbai. It is fast becoming the hub for big IT, financial, and retail firms.

a) Office Spaces

There is a high demand for commercial space, so several IT parks and office spaces are present in Thane. These spaces provide the area with excellent infrastructure and are highly affordable compared to what is offered in the central business hubs in Mumbai. Thane offers many jobs since many companies have opened branches here, offering employment to many residents as working individuals.

b) Shopping Centres /Retail

The retail landscape in Thane is also evolving. The major shopping centres and malls, such as the Viviana Mall and Korum Mall, have turned into shopping and entertainment centres. The increase in retail has been a plus for the residents of Thane, besides creating more business opportunities.

Affordable Housing

Various policies have been implemented to promote affordable housing, a significant category of Thane’s property market. The popularity of budget-friendly 1, 2 and 3 BHK flats in Thane is making mid-income investors interested in such developments and governments to encourage home ownership through incentives. This assures them they will reap great returns from such developments.

a) Government Incentives

Affordable residential projects in Thane benefits from initiatives like tax breaks, interest subsidies, and fast-tracked approvals. The Pradhan Mantri Awas Yojana (PMAY) has provided a massive boost to quality affordable homes, and as a result, there is growing interest in such real estate investment.

b) Rental Income Potential

Affordable housing also offers a lucrative opportunity for rental income. Several working-class professionals and families have started shifting to Thane, given a high push to the demand for affordable 2 & 3 BHK flats in Thane. There is every potential that it would provide stable rental returns to the investor with the added satisfaction of their social responsibility to provide shelter to all.

Mixed-Use Developments

Another emerging feature in the region’s real estate industry is the incorporation of integrated facilities. Almost every residential property in Thane comes with integrated living, working, and play areas within one system, offering everything people may need within a single building.

a) Integrated Living

Mixed-use developments in Thane are well-planned to ensure comfort and convenience. Just try to picture living in a house in a residential tower where offices, schools, and stores are close to its premises. This concept helps to minimise daily travelling and provide a more equal life and work ratio. Investors are drawn to these developments because they appeal to a wide demographic, including young professionals, families, and retirees.

b) Multiple Sources of Funds

This allows individual investors, among other benefits, to generate income from various sources within the property. As a result of diversified tenancy with residential, commercial, and retail users, the high-end residential properties in Thane produce stable cash flows regardless of economic dips. Also, the necessity for such developments is increasing, thus indicating that property values will increase.

Conclusion

The above factors make Thane the right destination for real estate investing. Located strategically, Thane has grown very fast in terms of development and business prospects.

If you are an investor searching for a property to live in or for rent purposes, regardless of whether it is a luxury unit or affordable housing, Thane has a big unexplored potential to give more than 100% returns.

The growth phenomenon of this city from a suburb into a sophisticated city is already in progress, and those investors who are now investing in the area are standing together to gain in the future.