Thane, an extended suburb is located in the north-eastern part of Mumbai in the state of Maharashtra. The city enjoys a cosmopolitan culture just like Mumbai and a vibrant lifestyle. has demonstrated great demand in the recent past due to the continious development activities, growing industrialization and many more.
Captured below are the reasons in detail that has driven the demand of residential property in Thane.
The educational sector in Thane is well developed. It has many engineering, medical and professional colleges. This sector offers much growth potential, as the government has relaxed FDI norms in this sector. Also, the education sector is growing tremendously with more people opting for higher education and better options. Hence, this is a potent area of investment for foreign investors too.
Thane showcases a vibrant industrial market. The city has all kinds of industries, such as chemical, textile, engineering and electrical ones. Major giant corporations and blue chip companies also have their bases in Thane.
There are many IT parks coming up in the city of Thane. It is a good area for software companies to set shop in. It is an industrialized city and has many transport options available. BPO and KPO industries also have their presence in Thane. With the IT industry poised to grow further, residential property in Thane appears as a promising investment destination.
Chemical and Pharmaceutical companies are also located in Thane. The government allows 100% FDI investment in the drugs and chemical industry via the automatic route. In addition, there are also many textile organizations and small scale organizations in Thane which offer good prospects.
The retail industry is also a potential investment option. Many retail chains have opened in Thane. There is a huge customer base in Thane for branded and foreign products, and services. Hence, this offers much scope for investment. Thane property also sees a good demand on the back of robust infrastructure with presence of several colleges, hospitals and many more. A good number of multiplexes, shopping malls and hangout destinations are available for fun and entertainment purpose.
With more industries and services coming up, this sector is slated for growth. Also, the transport facilities in Thane are very good. It is efficiently linked to other regions in Mumbai, which is a plus. It is also a more affordable and popular destination for home seekers. All these factors have combined to accelerate the demand of real estate property. Real estate market in Thane showcases numerous options that appear as a great bet. Undoubtedly it spoils the investors of choice with an array of projects offering state of the art facilities which promise a high class lifestyle backed with world class amenities. The major highlight of the projects are the affordable costs. Attractive payment plans, cash back offers offered by the builders are add on.
Thane is a fast growing and evolving city in Mumbai suburb. It offers a plethora of options for investment choices and makes a great deal for the early investors. Many foreign investors are also eyeing property in Thane considering its scope and potential for the future.