With soaring prices and scarcity of land, finding an affordable flat for sale in Mumbai has turn into a daunting task. Homebuyers are now forced to venture outside Mumbai city limits, mostly in Thane. GharJunction lists the best affordable locations in Thane where you can find affordable flats for sale in Thane.
Thane is known as a main micro-market between the top affordable homes options in the uptown regions of Mumbai. As there is increasing number of mid-income people, strong connectivity and infrastructure developments, Thane is been seen as an emerging affordable option for residential project. As report states in Oct-Dec 2020, approximately 48% of the total supply in Thane is within the Rs 40-60 lacs for spacious apartments, in contrast to 33% in Oct-Dec 2019 (Source: GharJunction Insite Report Oct-Dec 2020). This shows us the increasing demand for affordable apartments in Thane.
A standard 1 BHK flat in Thane costs around Rs 60-70 lacs, and is getting expensive gradually. Numerous well known builders, such as Lodha, Tata and Godrej have already started their Residential Projects in Thane. Cheap rates and superior connectivity are main appeal for the home buyers in Thane and beyond.
The following is a listing of affordable areas to invest in real estate in Thane:
Kalyan –
A large amount of the residential projects in Kalyan are located in close to Kalyan rail junction. A future division of Mumbai University is going to be established, which will quickly boost the demand for flats in Kalyan. As contrast to Dombivli, transport services here are exceptional; this makes travel easier for both by public and private modes of transport. A standard value in Kalyan is between Rs 5,800 per sq ft and Rs 6,500 per sq ft.
“A real estate investment in Kalyan can get you 40% profit in upcoming 5 to 6 years"
Dombivli -
Dombivli consist of an excellent mix of under-construction project and ready-to-move-in projects in Dombivli. Dombivli offers numerous options for you to invest at properties in Dombivli.
The enclosure of Kalyan-Dombivli in Smart City has helped in the development of infrastructure and transportation through the city. Numerous major area of Mumbai can be effortlessly accessed from Dombivli using the ways like Kalyan-Shilphata Road, Agra Road and National Highway (NH4). Dombivli is expected to witness increased demand for residential projects in Dombivli once the Navi Mumbai Airport starts operating. Properties in Dombivli are listed between Rs 6,000 per sq ft and Rs 7,000 per sq ft.
Ghodbunder Road -
With perfect community infrastructure features and supreme connectivity to essential commercial districts of Mumbai, Thane and Navi Mumbai, Ghodbunder Road in Thane is currently a recognized residential stretch. In contrast to Manpada, Ghodbunder provides several cheap options under Rs 50 lacs, especially for people fits in to the middle strata of the society.
In terms of connectivity, the area is serving and made available from different areas of Maharashtra by the Western and Eastern Express Highways. The future Metro passageways from Wadala to Kasarvadavali on Ghodbunder Road will additional enhance the connectivity amount of the area in the future. The growth is expected to impact property prices in Ghodbunder Road by roughly 40%.
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