Top 10 preferred localities in Thane Mumbai
Thane-Kalyan and Dombivli are most preferred due to low prices and good communication.
Affordable housing units, excellent connectivity to various employment centers along with planned infrastructure improvements are driving the demand for residential housing in Thane. Areas including Dombivli, Kalyan, Ghodbunder Road, Ambernath, Badlapur, Western Thane (near Teen Hath Naka), Majiwada, Kolshet, Vartak Nagar, and Bhiwandi were ranked as the most popular areas in the January-March 2020 quarter by PropIndex, flat index recently published by Magicbriks.
Dombivli is a northern suburb of Thane, known for its affordable housing developments, offering a mix of residential, industrial, and commercial properties. Dombivli city has become one of the prime choices for middle-income and affordable home buyers in Thane, due to its excellent retail and social infrastructure comprising of schools, universities, banks, hotels, restaurants, hospitals, shopping, and commercial centers. Moreover, Dombivli has good proximity and connectivity to employment centers within the industrial and commercial districts of Dombivli, Navi Mumbai, Kalyan, Bhiwandi, and Mumbai. Dombivli’s capital values range from Rs 4,200 to Rs 8,550 per square foot.
Kalyan is predominantly a residential suburb adjacent to Dombivli, known for its low-cost housing projects favored by low-to-medium income earners, as well as low-budget homebuyers. Kalyan has a large social and commercial infrastructure consisting of schools, universities, banks, hotels, hospitals, and shopping malls; Along with good public transport infrastructure via Kalyan Dombivli Municipal Transport (KDMT) buses and upcoming metro train planned between Thane, Bhiwandi, and Kalyan. In addition, Kalyan enjoys close proximity and good connectivity to the industrial and commercial districts of Dumbivli, Thane, Bhuwandi, Ambernath, and Olhasingar, which attracts employees in these employment centers. The capital values at Kalyan range from Rs 3,150 to Rs 8,100 per square foot.
Ghodbunder Road is a 20 km highway that provides excellent connectivity to Mumbai and the neighboring suburbs of Mira Bhayander via the Eastern Express Highway and the Western Express Highway. The town of Ghodbunder Road has become a magnet for Thane homebuyers owing to its adequate retail and social infrastructure comprising schools, hospitals, banks, hotels, restaurants, malls, and malls; Besides easy access to job centers in Mumbai, Navi Mumbai, and Thane. The capital values on Ghodbunder Road range from Rs 7,200 to Rs 12,750 per square foot.
Ambernath is a suburb of Thane, offering affordable housing developments geared towards the average homebuyer. housing an MIDC industrial zone; And its proximity to other industrial areas of Thane and Navi Mumbai, Umbernath attracts a large group of home buyers working in these areas. Also, good social and commercial infrastructure, along with good connectivity via Badlapur-Katai Road, Kalyan-Badlapur-Road, and Kalyan-Shil Road. MSTRC buses, along with the good frequency of automatic rickshaws that rotate in these areas, provide greater connectivity to nearby employment centers. Umbernath’s capital values range from Rs 3,450 to Rs 4,900 per square foot.
Badlapur is a suburb of Thane, offering affordable housing projects targeting low to middle-income home buyers. The presence of the Badlapur MIDC industrial district, and the proximity to other industrial districts of Thane and Navi Mumbai, are driving up the demand for housing in this district. In addition, Badlapur has adequate civil services and good connectivity via Central Line, Badlapur-Katai Road, Kalyan-Badlapur-Road, and Kalyan-Shil Road. MSTRC buses, along with the good frequency of automatic rickshaws that rotate in these areas, provide greater connectivity to nearby employment centers. The capital values in Badlapur range from Rs 3,150 to Rs 4,550 per square foot.
Western Thane (Near Teen Hath Naka)
Western Thane near Teen Hath Naka is a premium residential and commercial district, comprising of low, medium, and high rise apartments in the upper mid-range, driven primarily by its proximity to Thane’s commercial and social infrastructure, including schools and hospitals. , and shopping centers. This area has emerged as a prime location in Thane due to its excellent connectivity to the eastern suburbs of Mumbai, as well as Thane employment clusters such as Wagle Estate and Olympus Center (TCS), among others, via the Eastern Express. . Highway and LBS Marg. The capital values at Teen Hath Naka range from Rs 9,150 to Rs 19,100 per square foot.
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Majiwada is an upscale district in Thane which has been housing medium to high standard residential projects in recent years. It is preferred by many home buyers due to its excellent connection to Mumbai and the industrial areas of Thane District, via Mumbai Agra Expressway (NH3). In addition, BEST and TMT (Thane Municipal Transport) buses are also operating to improve last-mile connectivity within Majiwada. In addition, employment centers with several businesses including IT/ITeS, trading, chemicals, industrial manufacturing, and other offices operating in close proximity to Majiwada make it an ideal choice for employees to purchase homes. The capital values of Majiwada range from Rs 8,400 to Rs 13,600 per square foot.
Kolshet is centrally located between Thane East and Thane West, providing connectivity to Mumbai, Bhiwandi, and western suburbs such as Mira-Bhayandar and beyond, via the Eastern Express, Western Expressway, and Ghodbunder Road. Over the years, Kolshet has evolved from an affordable residential area to an upscale area, due to the growing preference of professionals for gated communities. Being a predominantly residential city, it has a great social and business infrastructure, along with frequent public transportation. The capital values of Kolshet range from Rs 8,850 to Rs 14,250 per square foot.
Vartak Nagar is centrally located between Wagle Estate, JK Gram and Kapurbawdi. It provides a connection to Mumbai, Bhiwandi, and western suburbs such as Mira-Bhayandar and beyond, via the Eastern Express, the Western Express Highway, and the Ghodbunder Road. Vartak Nagar comprises a wide range of residential projects, from affordable house plans to luxury apartments; It is attributed to the proximity and good communication with employment centers. Being a predominantly residential city, it has a great social and business infrastructure, along with frequent public transportation. The capital values at Vartak Nagar range from Rs 9,100 to Rs 15,150 per square foot.
Known as a working city near Mumbai, Bhiwandi houses several textile industries and has the largest number of electric looms in the country as well as being a logistics hub with warehouses for various e-commerce companies, retailers, and others alike. Over the past few years, Bhiwandi has emerged as a secular city with adequate civil administration and basic social and commercial infrastructure, essential for residential habitats; Thus attracting a large number of budget home buyers, as well as employees from the transportation, textile, and logistics sectors. Its proximity to the business districts of Thane, Mumbai, Navi Mumbai, Kalyan Dumbivli, and Vasai-Virar, along with the good connectivity to these locations via rail and MSTRC buses, has boosted the Bhiwandi real estate market. Bhiwandi’s capital values range from 3400-5850 rupees per square foot.