Notably known as the “City of Lakes”, Thane has emerged as one of the most vibrant residential hotspots for aspiring homebuyers. Owing to the clogged Mumbai City, people are moving to the suburbs for affordable homes and choosing Thane for settlement. Thane’s amazing connectivity to Navi Mumbai as well as eastern and western suburbs of Mumbai, great social & civic infrastructure and well-developed recreational areas, have made it an appealing place. Flush with premium residential and commercial developments, property rates in Thane have seen an upward trend due to development of business parks and social infrastructure and high demand for housing.
Average prices (Thane city)
During the past decade, Thane has evolved significantly from a distant industrial town in MMR to one of the most buzzing realty hotspots. Resonating similar upbeat momentum, the property rates in Thane are promising not only for home buyers but also for people who are eyeing a house in Thane as an investment opportunity. Even from average price trends, the city has come a long way. For instance, among top 3 locations namely Mira Road East, Bhayandar East and Kalwa, the average property price per sq. ft. ranges from Rs. 8,000 to Rs 11,000.
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