Vinay Singh in Marketing, Real Estate Law, Real Estate Jun 19, 2018 · 1 min read · +300

Six Reasons Why Thane Is the Best Place to Live in MMR

Thane is fast emerging as the first choice of home buyers in the Mumbai Metropolitan Region (MMR). This has been backed up by recent reports on real estate which also state that Thane is one of the 20 cities across the world, where the rich are currently looking forward to invest their wealth. There are a number of factors that are helping Thane to score over Mumbai and other parts of the MMR as the favoured destination for home buyers. Indeed, new-age home buyers are betting on Thane as the ideal residential location. Here is a list of reasons why Thane is the best place to live in the Mumbai Metropolitan Region:

Six Reasons Why Thane Is the Best Place to Live in MMR

1. Location

Thane is an uptown locality situated in the suburbs of Mumbai. It enjoys seamless connectivity to the city. Owing to its close proximity to the commercial capital of India, it enjoys continuous improvements in terms of infrastructure and business. Thane’s unimpeachable locational advantage to the current business hubs of Mumbai will encourage corporates and businesses to set up their offices here and establish a walk-to-work concept.

2. Realistic property prices

Thane has witnessed a slow but steady rise in residential property prices in the past three to four years. Even though the overall market rates have been on a rise, the prevalent average price, which is around Rs 9450 per sq ft, is still within the affordable range. Considering its other advantages, one must say that the property prices of 2 bhk flats in MumbaiThane are realistic and competitively priced.

3. Rapid infrastructure development

Thane has a well-developed social and civic infrastructure. It possesses the finest hospitals, educational institutions, shopping malls, restaurants and entertainment centres which are the chief factors that make it the best place to live in the MMR. The proposed Metro to Thane has also pushed up demand for the place.

4. Availability of land for housing

Compared to Mumbai, prospective home buyers can get much bigger houses in Thane at the same price and with all the modern amenities in place. This means that residents can enjoy open spaces in natural environs instead of living in a cramped up residential property in Mumbai. As far as investors are concerned, they too get far better returns compared to the Mumbai realty market.

5. Excellent liveable environment

With about thirty lakes in the city, Thane is also known as the city of lakes. Apart from that, there are a number of attractive tourist locations in Thane which add value to its real estate market. Some of the well-known places near Thane are Sanjay Gandhi Park and Kanheri Caves besides the Masunda Lake, Upwan Lake and Kelwa Beach. Thane has plenty of greenery, more open spaces and pleasurable surroundings. Along with that, it has a growing number of employment opportunities and other commercial facilities. All these factors have pushed up the liveability index of this vital suburb.

6. Smooth connectivity

Thane provides smooth connectivity to major parts of Mumbai. The NH-3 and NH-4 are the two important national highways that link Thane to the rest of Mumbai. Besides, efficient road transportation network within the locality allows easy commuting for the residents. Plus, Mumbai's international airport is around 27 kilometres away. Thane is well connected to Bhiwandi, Kalyan and Navi Mumbai and also Gujarat via the Mumbai-Ahmedabad Highway.