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Why Thane has emerged as the residential hotspot of Mumbai?

November 18, 2019 | Silky Malhotra

Why Thane has emerged as the residential hotspot of Mumbai?

Thane is a leading suburb of Mumbai and was once known as the satellite city of Maharashtra. Since then the city has undergone rapid development and has emerged as a residential and commercial property hub. The area is well connected to other parts of Mumbai via the National highways 3 and 4 connect West Thane.

The upcoming metro line services will further cut traveling time between Wadala and Thane by nearly half. The Thane-Dive Road and Bhiwandi Bypass flyover have become the game changers for Thane. The upcoming metro-3 projects to Kalyan and Mira-Bhayander areas are expected to further boost connectivity to the area. Thane will also get parallel roads built near metro corridors between Kalyan and Thane. The Ghodbunder Road connects to both Western and Eastern Express Highways and has become the lifeline of the area.

The area boasts of a number of IT Parks, business zones and shopping malls which has further boosted the demand for property in Thane. A number of leading developers have launched several new housing projects in the area. The locality has witnessed rapid development in social infrastructure, business, and commercial growth. This has led to higher employment generation and opportunities in the area. The infrastructure is another big plus for home buyers and investors as the area has wide roads, and has a cluster policy, TDR policy and other favourable policies of the Government which has attracted several real estate developers to Thane.

Some of the top business parks in Thane are the Lotus Park, Thane One Corporate Business Park, Sunrise Business Park, Reliable Tech Park, Odyssey IT Park, Maitri Park, Nitco Biz Park, and Raheja Mindspace. A number of leading companies have established their offices in Thane including Tata Consultancy Services (TCS), DIL Limited, Bayer India, Otis Elevator Company, Voltas, Bharat Insulation Company India Private Limited, and Aditya Birla Financial.

A number of renowned hospitals are in the locality including Horizon Hospital, Hiranandani Hospital, and Jupiter Hospital. A number of leading educational institutions in Thane are SMT Sulochanadevi Singhania School, Rustomjee Cambridge International School, Vasant Vihar School, Bedekar Institute of Management, and P. Shah Institute of Technology.

Residents can also enjoy access to a number of entertainment hubs in the area including R Mall, Viviana Mall, Korum Mall, Cosmos Mall, and Infinity Shopping Arcade.  There ample night clubs in the area including The Irish House, Rude Lounge, The Beer Café, British Brewing Company, Last Ride the Lounge, Barworks, and the Scarlet Lounge.

Another reason for the rapid development of Thane is the abundance of natural greenery and other attractions. Thane is also called the City of Lakes and has a total of 33 lakes. The Sanjay Gandhi Park, Kanheri Caves, Masuda Lake, and the Kelwa beach are some of the popular tourist spots in the area.

Raymond Realty has launched a magnificent new project in the area called Raymond Ten X Habitat. The project has been designed by Hafeez Contractor and has beautiful aesthetics. The project has 1 BHK and 2 BHK apartments which provide ample sunlight and cross ventilation along with beautiful views of the surrounding greens.

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