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Why Do Homebuyers Prefer To Buy Ready To Move Flats in Thane Over Others?

Nov 29, 2021
Ready to move flats in Thane

Ready-to-move flats in Thane are a key micro-market among the best economical housing options in Mumbai’s suburban areas. Thane is touted as a burgeoning inexpensive suburb with a growing number of middle-income residents, great connectivity, and infrastructure upgrades.

As you may be aware, Thane City has been named one of India’s smartest cities. It has been designated as a smart city under India’s 100 Smart City Mission by the Ministry of Urban Development (MoUD). The much-anticipated and audacious “100 Smart City Mission” was initiated by PM Narendra Modi.

The Smart Cities Plan will help cities compete in the 21st century economy. It’s a plan to help communities become more profitable, accessible, and sustainable by attracting talent, enabling advancement, and creating jobs and development.

Here are some of the reasons why homebuyers prefer ready-to-move flats in Thane over others:

1. Variety of Reputable Real Estate Developers

Buying a home from a renowned real estate developer assures that the building materials are of good quality, that common areas are well-kept, that world-class amenities are provided, and that the overall quality of life is increased.

If you opt to rent out a property in such a development, you may be able to earn a good rental income. Thankfully, renowned real estate developers have established themselves in this area, providing you with a diverse selection of reliable possibilities.

2. Thane’s Prosperous Legacy: Historical Trends and Forecasts

Despite the fact that property values in Thane have risen, none have skyrocketed as much as the Ghodbunder Road (GB Road), which is close to nature and has experienced rapid development, as well as the government’s projected connectivity enhancements. Since 2009, the price pattern on GB Road has been charted in the graph below. Property purchasers in this area have increased by 300% in the last five years, according to real estate specialists. According to economic consultants and researchers, the Mumbai Metropolitan Region (MMR), which includes Thane, will see a 40% growth in job chances. Such a potential increase in employment growth would result in a significant boost in home demand, which could lead to greater capital gains for Thane real estate investments.

3. Price Trends and Property Appreciation

Thane has recently experienced rapid infrastructure development. The benefit of purchasing a property in this developing area is that you will get lower rates and will see your property’s value appreciate quickly.

If you’re wanting to invest in real estate, a higher rate of appreciation means more returns in a shorter period of time.

4. Interim Budget 2019 Benefits

Investing in Thane property now is ideal because of the recently announced tax exemptions for homebuyers. A 0% nominal rent tax on a secondary self-occupied home, an increase in the TDS threshold to Rs. 2.4 lakh, and a capital gains rollover of up to Rs. 2 crore are all included in the ruling party’s interim budget. Moreover, Section 87A provides greater rebates for taxable incomes up to Rs. 5 lakh.

Now that you know why Thane is a great place to invest in prime real estate in Mumbai, get all the assistance you need by taking out a home loan from one of the leading home loan service providers. With a loan of up to Rs. 3.5 crore, you won’t have to compromise on the property or apartment of your dreams. You can get low interest rates, and if you’re a first-time home buyer, you can get up to Rs. 2.67 lakh in tax benefits under PMAY’s CLSS.

5. Thane’s Connectivity in the Short and Long Term

The Ghodbunder Road, JVLR, SCLR, Eastern Freeway, NH 8, Mumbai-Nashik Highway, and Thane-Belapur Road connect Thane to Navi Mumbai, as well as Mumbai’s Eastern and Western Suburbs. The Central Harbour Rail Line, Thane-Panvel Rail Line, and Central Railways all connect Thane to Mumbai’s railway network.

One example of future connectivity plans is the projected metro rail, which will run along Ghodbunder Road with more than ten halts within Thane. The metro is intended to cut the travel time between Thane and Wadala in half. The Thane-Diva Road, the Bhiwandi bypass flyover, the metro-3 project to Kalyan and Mira-Bhayander, and parallel highways from Thane to Kalyan along the metro line are all planned infrastructure projects.

Thane, being a center for residential and commercial reasons, benefits from the picturesque splendor of nature. Its citizens have access to amusement parks, botanical gardens, and riverfront promenades. Thane’s central position, good public transportation, and multi-lane roads have surely made it a desirable option for both residential and commercial property buyers.

6. Shopping and Other Leisure

Any location that lacks leisure and entertainment options is unworthy of investment. Thane is home to a number of popular hangouts, malls, cafés, and movie theaters. The Ghodbunder Road neighborhood is a popular shopping and entertainment destination. Korum Mall, which includes an INOX cinema, is a popular hangout. Another prominent mall with a cinema is Viviana Mall in Majiwada. Food courts in these malls and other luxury retail areas offer a multi-cuisine dining experience. Thane has a plethora of fine dining and gourmet eateries flats in Thane.

With all of the government’s future plans for connectivity and employment, as well as the migration of people to cities like Thane, the civic authorities will be under a lot of pressure to deliver greater civic services and social amenities. According to property experts, prospective homebuyers have seen a 300% increase in Thane real estate over the last five years. Now is a fantastic time to invest in Thane, whether for personal use or as an investment.

Conclusion: Final Thoughts!

Thane is always a better location to invest because of the ongoing projects and important infrastructure facilities in the neighborhood. Ready-to-move flats in Thane are less expensive than Mumbai and are not only a good place to buy property, but they also lead the real estate market in terms of providing higher returns to house owners.

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