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Q: I am planning to buy a property in Thane. Need information about the locality and is the price of the property in this area affordable ?

Rameswari, Bangalore

14th April 2013

Investment Advice in Mumbai

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The demand for 1 BHK apartments in Mumbai tops the list by 55 percent followed by 2 BHK and 3 BHK at 35 percent and 9 percent respectively. In the supply segment, 1 BHK apartment trails demand at 39 percent, supply for 2 and 3 BHK units exceed demand at 44 percent and 15 percent respectively. According to a real estate expert, buying properties in Mumbai’s suburban locations, mainly Thane and Navi Mumbai are both safe and profitable.

Abhishek,

16th April 2013

Comment

Thane has large layouts and open spaces and it is the fastest growing city in the MMR. Now-a- days, most of the people prefer to stay in large integrated township from which everything is at a stone’s throw distance. The district is surrounded by scenic beauty and is connected by three major highways, namely the NH3, NH4 and the Eastern Express Highway. It is approximately 45 minutes from Bandra KUrla Complex, 40 minutes from the International Airport and 25 minutes away from Powai.

Navneet Gupta, Bangalore

16th April 2013

Comment

Thane is expected to become a self-sufficient city. With infrastructural development and new connectivity, prices are likely to rise in the area and this is a good news for both end-users and investors. Its infrastructural development makes it an attractive location for both commercial and residential developments.

Devraj Shah, Bangalore

16th April 2013

Comment

Thane has excellent rail connectivity through the Thane-Vashi or Nerul and Thane -Panvel local train line. It is also connected to the neighbouring suburbs through the Central Railway’s suburban railway network. The area offers properties ranging from 1 BHK apartments to luxurious 4 BHK apartments.The price of residential properties in Thane has increased in the past year by 10 – 15 percent but is still affordable. In the past few years, the area has witnessed rise in property prices.

Rajkumar, Bangalore

15th April 2013

Comment

Thane, a suburb in Mumbai city, is offering mid range houses. The property price in this area ranges from Rs 6,000 to Rs 10,000 per sq. ft. Thane is also known as the lake city and is well connected to Mumbai through the Ghodbunder Road and the Eastern and Western Expressways.

Sagar Prasad, Bangalore

15th April 2013

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