According to a recent study, Thane has turned into hot destination amongst the wealthy investors who are looking to book a property. This is because real estate developers in Thane have brought in the concept of modern township and luxury living for its buyers. In a fiscal report assembled by Knight Frank India Limited - a top real estate consultancy firm, Thane is one of the 20 cities across the globe, where the rich are presently looking keen to invest their wealth. Real Estate Developers such as Punit Group in Thane is making the investment climate friendly to the investors and residential buyers.
In an interview with the chief spokesperson of Punit Group, Mr Prateek Patil , he said that Thane the promising satellite city has now emerged as a favourable destination due to major advantageous reasons given by property developers in Thane that lure property investors. “With its superior infrastructure, fast connectivity and escalating residential lifestyle by real estate developers in Thane such as Punit Group, this city is turning into beneficial investment for the rich people,” said Patil. “ In comparison to financial capital of India- Mumbai, buyers can avail bigger houses with all the modern amenities in upcoming residential projects such as Kanchanganga in Vartaknagar Thane. As far as investors are concerned, they get excellent ROI (return on investment) upon purchasing flats in Vartaknagar Thane compared to the Mumbai realty market,” he further added. The govt approved Metro to Thane has also boosted up demand for investment in flats in Vartaknagar Thane.
Other cities to be placed on the list includes Shanghai, Istanbul, Berlin, Los Angeles, etc.
In the earlier times, Thane had many factories and industrial sectors which as a result closed down to pave way for top real estate projects like Kanchanganga in Vartaknagar Thane.In addition, many information technology (IT) companies have also shifted their business units to Thane that is converting the city into a service and new-gen tech hub.
Prominent property developers in Thane such as puneet developers have initiated a number of residential projects keeping in mind the high ROI on investment for its buyers. Puneet Developers are offering 2 BHK flats in strategic areas like Vartaknagar Thane, known for its close proximity to two major lifestyle malls - Korum Mall & Viviana Mall.
Investors are thus further looking for 2BHK flats in Vartaknagar Thane, Ghodbunder Road, Majiwada and Kasarvadavali which boast of internationally recognized schools, premium malls and speedy healthcare facilities.
Pratap Sarnaik, chairman and director, Vihang Group, which has top three lifestyle projects at Ghodbunder Road, said " The price factor is one of the advantageous point for the buyers who looking for investment in Thane. The prices are lower in comparison to Mumbai and we offer all contemporary amenities here at the doorstep,” said Sanaik.
With the Mumbai realty market hitting exorbitant pricing and less sales together with fall in new substantial launches, Thane is clearly coming up as an alternate.