Area Watch Mumbai-Thane

By
3210

  • Share on
Mumbai Thane

Thane, the northeastern suburb of Mumbai enjoys close proximity to the financial capital of the country and is considered to be highly developed. The culture in Thane is predominantly Maharashtrian but also cosmopolitan in some ways. The name Thane was derived from Sthan or Sthanaka, which means the capital of the Shilahara kings of Konkan.

 
 


RECENT DEVELOPMENTS
Thane has recently gained prominence with respect to destinations for residence in the Mumbai suburban belt. Till some time back, Thane was less than accessible for most. A well-organized municipality, good infrastructure and greenery are some of the factors that make Thane a good realty destination around Mumbai.
The real estate in Thane is developing at a fast pace as a good number of residential and commercial properties are being constructed here. Though it started out as an industrial hub and is known as pretty much this even today, it is interesting to note the gradual shift towards residential that is taking place.

CAPITAL/RENTAL TRENDS
According to Sunil Hirchandani, Proprietor, Maya Property, “The prices of the residential properties in Mumbai have sky rocketed after recovering from a slowdown”. He asserts that the property market in Thane has huge potential followed by real estate in Pune, Chennai, Bangalore and Hyderabad. He says that crores of rupees are being pumped in to develop property in Thane for both residential and IT sectors to meet the growing demand for property.
With prices of Mumbai property generally on the rise, Thane comes across as a likeable location offering space, greenery and natural beauty as well as affordability. Moreover, Thane also offers good connectivity to the western cities of Surat and Ahmadabad that are key industrial cities. Thane is in the process of change and one will soon be witness to many large scale property developments that will mature in the near future. Some of the property developers in Thane are Lodha Developers, Kalpatru, Dosti and Runwal.

REALTY OUTLOOK & RECENT DEVELOPMENTS
Apartments in Thane area command a price of INR 7000 psf to INR 10000 psf which is way higher from the earlier property boom in 2007-2008 says Sunil Harchandani. The property rates at that time were INR 3000 psf to INR 4000 psf.
One can own a house in Balkum within the range of INR 6300 psf, the psf rate in Bhaskar Colony and Brindavan are INR 8000 psf, which was INR 5000 in 2008. These high prices indicate a smart recovery from the slowdown days when the same apartments were available at nearly 40 pct lower prices. In Ghodbunder Road the rates have gone up by INR 2000 psf, as in 2008 rates were INR 3000 and in 2011 the price is INR 5500 psf. The rates for a commercial outlet in Thane will cost INR 5100 to INR 18000 psf. The rates depend on the location of the shop, in case it is inside a mall then prices are sure to be high meanwhile a shop on the street will be much cheaper.
A number of people opt to rent a house here even though the rentals have also touched new highs since 2008. The rates for a 3 BHK in 2008 were INR 11000 psf, these have now gone up to INR 18000 psf. The rentals in Balkum have increased from INR 12000 psf to INR 17000 psf for a 3 BHK since 2008, similarly in rental rates have gone up from INR 11000 psf to INR 16000 psf. In Hirandani Meadows, one will have to shell out a rent of INR 25000 for a 3 BHK. These rates depend on the furnishings and location of the house. In case one has to take up a shop on lease the rates are around INR 50 psf to INR 100 psf. A commercial space in Thane West with a built up area of 750 sq ft is available to be leased at INR 40 lakh and another one with a built up area of 500 sq ft at INR 50000.
In addition to being spacious and green, Thane has good availability of water supply and road infrastructure. It also has a number of schools, shopping malls, multiplexes, recreation centers and restaurants. Thane property market offers good investment options for long term in the housing segment.

FACILITIES
Schools

  • A.K. Joshi School
  • Brahman Vidyalaya School
  • Bharat English High School and Junior
  • College of Science and Commerce
  • Bims Paradise English High School
  • Dr. Ambedkar Tamil Vidyalaya
  • Dr. Bedekar Vidya Mandir
  • G.E.I.s M.H. High School
  • Holy Cross Convent High School
  • K.E.S. Bhagavat Vidyalaya
  • Lokpuram Public School
  • Maharashtra Vidyalaya
  • M.H. High School
  • M.K. Nakhawa High School
  • Naupada Middle School
  • New English School-Ghantali Colony
  • N.K. Thanawala High School
  • Nanik English High School

Hospitals

  • Horizon Hospital- +(91)-22-67307953
  • Life Care Hospital- (91)-(22)-25855081, 25854875
  • Prathamesh Hospital- +(91)-(22)-25856675, 25854934
  • Ashirwad Hospital- (91)-(22)-25421792
  • Kelkar Hospital- (91)-(22)-25854157, 25363226
Greenery Rating Greenery Mumbai, Thane

Children friendlinessRating Children friendliness Mumbai, Thane

Pollution free environment Rating Pollution free environment Mumbai, Thane

Crime and women safety Rating Crime and women safety Mumbai, Thane
 

 

 

Capital Rates in Rs per square feet for Mumbai-Thane for the period 2010-2011

Locality

2010 Q2

2011 Q2

Balkum

4867

5750

Ghodbunder Road

4069

5700

Hiranandani Estate

6578

8150

Hiranandani Meadows

8140

8000

Kasar vadavali

3716

5700

Kolshe Road

5009

6100

Majiwada

5470

6750

Manpada

5213

6000

Mum-Thane/Others

4300

6000

Panch Pakhadi

7060

7500

Patlipada

5767

6000

Pokharan Road

5665

7000

Pokhran-2

5855

7200

Teen Haath Naka

7058

9000

Thane (East)

6075

7500

Thane West

6132

8000

Vasant Vihar

6354

6750

Waghbil

4373

5750

 

Buy/Sale Properties in Thane West, Mumbai Thane

 

1 BHK Flat in Thane West, Mumbai Thane

2 BHK Flat in Thane West, Mumbai Thane

3 BHK Flat in Thane West, Mumbai Thane

4 BHK Flat in Thane West, Mumbai Thane

Flat in Thane West, Mumbai Thane

Residential apartments in Thane West, Mumbai Thane

Commercial shops in Thane West, Mumbai Thane

Commercial Show Rooms in Thane West, Mumbai Thane

Residential land in Thane West, Mumbai Thane

Commercial land in Thane West, Mumbai Thane

 

Rent/PG Properties in Thane West, Mumbai Thane

 

1 BHK Flat in Thane (East), Mumbai Thane

3 BHK Flat in Thane (East), Mumbai Thane

Residential apartments in Thane (East), Mumbai Thane

2 BHK Flat in Thane (East), Mumbai Thane

Flat in Thane (East), Mumbai Thane

Commercial shops in Thane (East), Mumbai Thane

 

 

 
 

Copyright: 99acres.com

 


Read-More-Articles-Mumbai Read More Articles From Mumbai

 


Like us on Facebook  Follow us on Twitter 

 

 


Copyright 99acres.com


  • Share on
Rate it 1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...Loading...