Top Areas In Thane With Maximum Property Options

With the festive season around and builders offering freebies to lure investors, it could be a good time for those who are seeking to book their first home or even looking to park their extra money in the Mumbai Metropolitan Region (MMR) .

Data available with Proptiger.com show there are a total of 1,41,275 unsold units in the Mumbai region, priced at Rs 45 lakhs and less.

In this article, we look at those localities in Thane that have the highest concentration of fresh, ready-to-move-in unsold stock.

Thane west

 Average price per sq ft: Rs 10,570

Number of under-construction projects: Over 200

 Number of ready-to-move-in projects: Over 500

 Projects launching soon: 20

 With immense greenery and open spaces, Thane west has become one of the favourite locations for Mumbaikars to invest in property. Spread across the Ghodbunder Road, this part of the city is self-sufficient in terms of basic amenities such as hospitals, schools, shopping complexes, job opportunities, etc. The area will be soon connected via the Mumbai Metro, which will add additional value to the location. The link with the Eastern Express Highway that offers signal-free connectivity till south Mumbai is another unique selling point of this area.

Configuration	Unsold stock	Average price
1BHK	7,403	Rs 58 lakhs
2BHK	13,766	Rs 94 lakhs
3BHK	4,306	Rs 1.59 crores

 

Dombivali

 Average price per sq ft: Rs 6,233

 Number of under-construction projects: Over 150 

Number of ready-to-move-in projects: Over 300

Projects launching soon: 10

Dombivali, a part of the Thane district, is known for some of the prominent projects that have come up in the area in past few years.  Due to its proximity to IT parks and industrial centres, the area sees huge demand for residential properties. In terms of connectivity, Dombivali is served by the Mumbai suburban rail network, which connects the area with Mumbai, as well as Navi Mumbai. The area has its own bus network which connects it with major Navi Mumbai suburbs.

Configuration	Unsold stock	Average price
1BHK	6,452	Rs 33 lakhs
2BHK	6,247	Rs 51 lakhs
3BHK	1,031	Rs 76 lakhs

 

Badlapur

Average price per sq ft: 8,000

Number of under-construction projects: Over 70

Number of ready-to-move-in projects: Over 100

Projects launching soon: 1

Divided into east and west, Badlapur is another suburban area of Thane where a number of affordable housing projects have come up in past five years, as urbanisation has moved towards the exteriors of MMR. The closest employment hub is the industrial area, where most of the chemical companies have their plants. For connectivity, the Mumbai suburban rail network is the most popular choice for daily commute. Apart from this, the Kalyan-Badlapur-Karjat highway is another option.

Configuration	Unsold stock	Average price
1BHK	8,579	Rs 13 lakhs
2BHK	3,651	Rs 23 lakhs
3BHK	145	Rs 51 lakhs

 

Bhiwandi

Average price per sq ft: Rs 4,308

Number of under-construction projects: Over 70

Number of ready-to-move-in projects: Over 40

Projects launching soon: 30

This area is home to those employed in the textile warehousing units nearby. Due to stable jobs and flourishing demand, there has been a consistent demand for residential properties in this area. The Mumbai Metropolitan Region Development Authority is now planning to develop a commercial hub in the region, on the lines of the Bandra-Kurla Complex. However, Bhiwandi’s connectivity needs improvement.

 

Configuration	Unsold stock	Average price
1BHK	4,229	Rs 20 lakhs
2BHK	2,733	Rs 25 lakhs
3BHK	486	Rs 30 lakhs

 

Kalyan

Average price per sq ft: Rs 5,704

Number of under-construction projects: Over 80

Number of ready-to-move-in projects: Over 200

Projects launching soon: 34

Kalyan is also divided into east and west. The western side is more urbanised, as compared to the eastern side, due to its proximity to national highways. The area is well connected to Mumbai city via the local train network. With all basic amenities available in the area such as schools, shopping complexes, entertainment hubs, Kalyan is another self-sufficient hub in Thane. The area has a number of residential projects coming up, being developed by local builders.

Configuration	Unsold stock	Average price
1BHK	3,917	Rs 20 lakhs
2BHK	3,584	Rs 25 lakhs
3BHK	903	Rs 30 lakhs