Thane’s residential real estate market is driven by several factors, such as affordable housing options, excellent connectivity to employment hubs, and planned infrastructure developments. As a result, localities like Dombivli and Kalyan are highly preferred by homebuyers due to their low prices and good connectivity. According to PropIndex, an apartment index recently released by Magicbricks, the most popular localities in Thane during the Jan-Mar 2020 quarter were Dombivli, Kalyan, Ghodbunder Road, Ambernath, Badlapur, Western Thane (near Teen Hath Naka), Majiwada, Kolshet, Vartak Nagar, and Bhiwandi.
Lets find top 10 preferred localities in Thane
Dombivli
Dombivli, situated north of Thane city, has become a popular locality among middle-income and budget homebuyers in Thane, thanks to its affordable housing options. This locality offers a mix of residential, industrial, and commercial properties. Dombivli boasts excellent social and retail infrastructure, including schools, colleges, banks, hotels and restaurants, hospitals, malls, and shopping centers. Moreover, Dombivli enjoys close proximity and good connectivity to various employment hubs located within the industrial and commercial areas of Dombivli, Navi Mumbai, Kalyan, Bhiwandi, and Mumbai. The capital values of properties in Dombivli range from Rs 4,200 to Rs 8,550 per sq. ft.
Kalyan
Kalyan, which adjoins Dombivli, is predominantly a residential suburb that offers affordable housing projects favored by low- to medium-income and budget homebuyers. Kalyan has a robust social and retail infrastructure, including schools, colleges, banks, hotels, hospitals, and malls, as well as a well-connected public transport infrastructure through Kalyan Dombivli Municipal Transport (KDMT) buses and an upcoming Metro Rail planned between Thane, Bhiwandi, and Kalyan. Additionally, Kalyan is in close proximity and enjoys good connectivity to the industrial and commercial areas of Dombivli, Thane, Bhiwandi, Ambernath, and Ulhasnagar, making it an attractive destination for employees working in these employment hubs. The capital values of properties in Kalyan range from Rs 3,150 to Rs 8,100 per sq. ft.
Ghodbunder Road (GB Road)
Ghodbunder Road is a 20 km long road that provides excellent connectivity to Mumbai and the adjoining suburbs of Mira-Bhayandar via the Eastern Express Highway and Western Express Highway. This locality has emerged as a hotspot attracting homebuyers in Thane due to its adequate social and retail infrastructure, including schools, hospitals, banks, hotels, restaurants, malls, and shopping centers. Furthermore, Ghodbunder Road offers easy access to employment hubs within Mumbai, Navi Mumbai, and Thane, making it an ideal destination for homebuyers looking for a well-connected locality. The capital values of properties in Ghodbunder Road range from Rs 7,200 to Rs 12,750 per sq. ft.eget, elementum sit amet ligula. Maecenas venenatis eros quis porta laoreet.
Ambernath
Ambernath, a suburb in Thane, is known for offering affordable housing developments that target mid-housing homebuyers. It houses an MIDC industrial area and is in proximity to other industrial areas in Thane and Navi Mumbai, which attracts a large group of homebuyers employed in these areas. Additionally, Ambernath offers a good social and retail infrastructure, along with excellent connectivity through Badlapur-Katai Road, Kalyan-Badlapur Road, and Kalyan-Shil Road. Moreover, MSTRC buses and a good frequency of auto-rickshaws plying in these areas offer greater connectivity to nearby employment hubs. The capital values of properties in Ambernath range from Rs 3,450 to Rs 4,900 per sq. ft.
Western Thane (Near Teen Hath Naka)
The Western Thane area near Teen Hath Naka is a premium locality that comprises of low, mid and high-rise apartments in the upper mid-segment. This area is predominantly driven by its close proximity to Thane’s social and retail infrastructure, including schools, hospitals, and malls, making it an ideal location for residents. It has emerged as a prime location in Thane, owing to its excellent connectivity to the Eastern Suburbs of Mumbai and employment clusters in Thane, such as Wagle Estate and Olympus Centre (TCS), among other locations, through the Eastern Express Highway and LBS Marg. The capital values of properties in Teen Hath Naka range from Rs 9,150 to Rs 19,100 per sq. ft.
Majiwada
Majiwada, located in Thane, is an exclusive area that has seen a surge of mid- to high-end residential developments in recent years. Its popularity among home buyers can be attributed to its remarkable connectivity to Mumbai and the industrial areas in Thane district via the Mumbai Agra Highway (NH3). Furthermore, BEST and TMT (Thane Municipal Transport) buses operate within Majiwada, providing excellent last mile connectivity. The presence of various employment hubs in close proximity, including IT/ITeS, trading, chemical, and industrial manufacturing companies, makes it an attractive option for employees looking to purchase a home. The capital values in Majiwada range from Rs 8,400 to 13,600 per sq. ft., offering a range of housing options at varying price points.
Kolshet
Kolshet, situated between Thane East and Thane West, is a strategically placed area that offers connectivity to Mumbai, Bhiwandi, and Western Suburbs such as Mira-Bhayandar and beyond. This is made possible through its accessibility via the Eastern Express Highway, Western Highway, and Ghodbunder Road. In recent years, Kolshet has undergone a transformation from an affordable housing area to a high-end locality, primarily driven by the growing demand for gated communities among professionals. As a predominantly residential area, it boasts of excellent social and retail infrastructure, along with public transport options with great frequency. The capital values in Kolshet range from Rs 8,850 to 14,250 per sq. ft., offering a wide range of housing options catering to various price points.
Vartak Nagar
Vartak Nagar is a centrally located area situated between Wagle Estate, JK Gram, and Kapurbawdi, offering excellent connectivity to Mumbai, Bhiwandi, and Western Suburbs such as Mira-Bhayandar and beyond through its accessibility via the Eastern Express Highway, Western Express Highway, and Ghodbunder Road. It comprises a wide range of residential developments, from affordable housing schemes to high-end apartments, catering to various segments of home buyers. Its proximity to employment hubs has contributed to its popularity among professionals seeking convenient living options. Vartak Nagar boasts of excellent social and retail infrastructure, along with public transport with good frequency, making it an ideal choice for those seeking a comfortable lifestyle. The capital values in Vartak Nagar range from Rs 9,100 to 15,150 per sq. ft., providing a range of housing options at varying price points.
Bhiwandi
Bhiwandi is a bustling town located near Mumbai, known for its various textile industries and being home to the largest number of power looms in the country. It has also emerged as a significant logistics hub, hosting warehouses of numerous e-commerce, retail, and other companies. Over the years, Bhiwandi has undergone a transformation and now boasts proper civic administration and basic social and retail infrastructure, making it an attractive location for residential living. This has led to a surge in demand for budget homes among homebuyers and employees in the transport, textile, and logistics sectors. Its proximity to commercial areas of Thane, Mumbai, Navi Mumbai, Kalyan-Dombivli, and Vasai-Virar, coupled with good connectivity through railways and MSRTC buses, has contributed to the growth of the real estate market in Bhiwandi. The capital values in Bhiwandi range from Rs 3,400 to 5,850 per sq. ft., providing an affordable housing option for a wide range of home buyers.
Which is the best area to live in Thane?
Kalyan, Ambernath, Badlapur, Dombivli, Ghodbunder Road and Kasarvadavali.
Is Thane a posh area?
Thane, a metropolitan city in Maharashtra is one of the posh locations in the state. It is now acting as a house to some of the best real estate projects in the world.
Is Lodha upper Thane a good investment?
Hosting world-class schools, malls, hospitals, and commercial office space, Lodha Upper Thane will be the best-emerging location in Thane.
Is Thane is a good place to live?
Thane, considered a satellite township of the metropolis Mumbai, has emerged as a remarkable residential and commercial hub with facilities that almost match its parent city. As it is close to Mumbai, the cost of living in Thane is higher compared to other suburbs.
Which is the best residential project in Thane?
• Best Residential Projects In Thane.
• Raymond Ten X Habitat.
• Rustomjee Uptown Urbania.
• Shapoorji Northern Lights.
• Kalpataru Paramount.
• Piramal Vaikunth.
• Lodha AMARA.
• Godrej Exquisite.
Which is the red area in Thane?
Which is the red area in Thane?
Much near Bhiwandi, Hanuman Tekdi is another Mumbai red light area towards Thane side. Not very popular, near a hillside, Hanuman Tekdi, is the home for thousands of sex workers.
Why Thane is better than Mumbai?
If you are looking for a bustling city life which has endless entertainment facilities, then Mumbai is the better place. However, if you love a peaceful environment with the option of low-cost social amenities, then Thane is the better place to live
What are the advantages of living in Thane?
Thane has an abundance of social infrastructure, business and commercial growth and of course, higher employment generation and opportunities in the area. The city enjoys nature’s scenic beauty. It offers amusement parks, botanical gardens and riverside promenades to its residents.
