In Mumbai, where he values of properties have always been high, is undergoing a phase where investing in the properties has become next to impossible for the middle income homebuyers. The demands are going up, and so are the property rates. Considering this, homebuyers are exploring for some cost-effective options, and the fringes of Thane, such as Dombivli east, Kalyan west and Badlapur East, have brought about some good news for these homebuyers. Witnessing some remarkable growth and infrastructure developments in past few years with many new destinations ready for development, Thane is getting densely populated, thus attracting a number of developers to shift their focus on suburbs like Ghodbunder road, Dombivli, Badlapur, Manpada, and Pokhran Road, which have marked 30-40% increase in the property values. Because of the capital values in Mumbai, the homebuyers look more interested to shift their interests towards suburbs of the city to find affordable accommodations. Such a case has brought about some big relief to Thane's real estate market. Location advantages Thane was earlier unexplored and because of the availability of huge land banks, it witnessed some rapid developments and is now well connected to other localities via suburban rail network of the Central Railway. Besides, Thane also has an important rail link to Navi Mumbai, which assures of easy connectivity to Thane as well as Mumbai. New launches The middle income homebuyers have found some big relief with the development of Thane and beyond. Offering affordable properties with ready for possession or even under construction tags, Thane has proved to be the best bet! The areas here are witnessing launch of over 50 new residential projects in varied price bands, paving the way for some more to be launched. Let’s take a look at some of those properties. Lodha Platino The prestigious and renowned builder Lodha Group has come up with its affordable residential project named Lodha Platino in Bhayandarpada, Thane West. Properties at Lodha Platino are available in the configurations of 1 - 3 BHK apartments, and have a total area range of 475 - 1767 sq. ft. For these properties, the buyers will have to pay somewhere between Rs. 66.26 lakh to 1.27 crore. Equipped with all types of ultramodern specifications for a luxurious living, this project is a new launch type. The project has a layout of 15 acres and has over 85% of open spaces. Rustomjee Urbania Spread across 127 acres, Rustomjee Urbania is a premium residential township from the house of Rustomjee Developers. The project is located in Thane West and brings in the advantage of living close to the important city locations. The project assures of ultramodern living spaces, along with a well-developed commercial complex, and retail and entertainment zone. Invest in these 2 - 3 BHK apartments, which are available in the size range of 558 - 1735 Sq. Ft. The properties are available in the price bracket of Rs. 95.71 lakh - 1.69 crore. Rustomjee Urbania has 32 residential towers and has 740 units available on sale. Rashmi Karan is a professional writer who writes about the realty industry of India and focuses on offering location-specific information of the cities. She also offer solutions for the real estate related queries.
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