Thane, which was the terminus for India’s first-ever passenger train, is admirably connected to the neighboring suburbs thanks to the Central Railway’s suburban railway network. The four railway stations within the Thane city limits – Thane Station, Kalwa, Mumbra and Diva – handle a massive number of commuters who travel for work every day. Thanks to the Thane-Vashi/Nerul and Thane-Panvel local train line, Thane is also an important railway link to Navi Mumbai. Needless to say, connectivity is a vital driver of property demand and growth in Mumbai and its suburbs.
The story there has changed a lot from the days when it was known for friendly property rates and bargains. As of today, the property market there is going into something of an overdrive in Thane, with the upward movement of property prices happening faster than in the rest of the suburbs.
Thane’s residential property market still has a lot of genuine demand driving it. Also, the supply of projects covers a very broad spectrum of this demand, with properties ranging from 1BHK apartments to lavish luxury homes available. Thane’s real estate sector had seen a fair amount of correction during the property market downturn, leading to a spate of purchases among bargain hunters. Developers like Vijay Group, Lodha, Kalpataru, Godrej Properties Ltd responded quickly to the demand by launching more projects.
Thane has now become one of the top residential cities, with leading real estate developers like Vijay Group and Puranik Builders. Thane as an area caters to various housing needs at much affordable rates; Vijay Group has introduced a number of residential projects like Orion, Vijay Galaxy offering 1BHK to 3BHK flats in Thane. These properties in Thane are located on the fast developing Ghodbunder Road, Thane (West)
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