[ecis2016.org] Here’s all you need to know about the Thane property market and the top localities to buy or rent houses
Over the years, areas adjacent to Mumbai have become popular, because of their affordability. Among these, Thane district, once a sleepy hamlet, has developed at a consistent pace over the past few years. Here is all you need to know about the micro-market and the top localities in Thane.
You are reading: Top localities to consider in Thane and beyond, in 2020
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Overview of price trends in Thane
Check out price trends in Thane
1. Kalyan
A part of the Mumbai Metropolitan Region (MMR), Kalyan may be small but it is strategically located, when it comes to the connectivity it offers. While east Kalyan is growing faster, west Kalyan also has developed infrastructure. The suburban railway line divides Kalyan into east and west. When it comes to affordable housing, builders in Thane tend to turn to Kalyan, as it helps them to fulfill the demand from budget-conscious buyers.
Kalyan offers smooth connectivity via roads and rail. It is served by major highways, such as NH-3, NH-4 and the Eastern Express Highway, as well as the local railway station. The airport is eight kilometres away. The Kalyan-Dombivali Municipal Transport (KDMT) serves the area.
Check out price trends in Kalyan
Popular areas in Kalyan west, beyond Thane
| Locality | Average price per sq ft |
| Godrej Hill | Rs 6,309 |
| Chanakya Nagar | Rs 5,963 |
| Gandhar Nagar | Rs 7,056 |
| Raunak City | Rs 5,703 |
| Yogidham | Rs 7,045 |
| Jijamata Colony | Rs 6,107 |
| Adharwadi | Rs 6,017 |
| Sapad Gaon | Rs 5,786 |
| Swanand Nagar | Rs 9,025 |
| Manik Colony | Rs 7,373 |
Check out properties for sale in Kalyan west
Popular areas in Kalyan east, beyond Thane
| Locality | Average price per sq ft |
| Tisgaon | Rs 5,510 |
| Tisgaon Naka | Rs 7,075 |
| Kolsewadi | Rs 4,772 |
| Neelkanth Nagar | Rs 5,591 |
| Prabhuram Nagar | Rs 4,000 |
Check out properties for sale in Kalyan east
2. Ambernath
Read also : Katraj property market: An overview
The upcoming Chikoli railway station is likely to bring relief to commuters travelling between Ambernath and Badlapur. This will also determine investment pattern in and around the area. The Navi Mumbai International Airport will also be accessible via a highway. The only caution that prospective home buyers should consider, is that the property should be in a designated land and not forest area.
Check out price trends in Ambernath
Average property price: Rs 4,100 per sq ft.
Average rental price: Rs 6,480 per month.
Check out properties for sale in Ambernath west
3. Badlapur
Badlapur, like any other area in and around Thane, has emerged from being an industrial area to a residential hub. The area enjoys reasonably good social infrastructure, with proper healthcare, financial and educational facilities in the area. Home buyers mainly flock to this area, because of its affordability.
Average rental price: Rs 5,460 per month.
Check out price trends in Badlapur
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Popular areas in Badlapur west
| Locality | Average price per sq ft |
| Valivali Gaon | Rs 3,684 |
| Shanti Nagar | Rs 4,768 |
| Shaninagar | Rs 3,865 |
| Manjarli Gaon | Rs 3,982 |
| Sarvodaya Nagar | Rs 4,101 |
Check out properties for sale in Badlapur west
Popular areas in Badlapur east
| Locality | Average price per sq ft |
| Patil Pada | Rs 3,851 |
Check out properties for sale in Badlapur east
4. Dombivli
Read also : Affordable housing sees 27% growth in January-September 2017: Cushman & Wakefield
Dombivli is an ideal location for people looking for properties for end-use, as well as investment, with many options available. Two suburban railway lines serve the area, thereby, making it easy for those who work in areas further away to commute. The upcoming airport will enhance the prospects of Dombivli and areas around it. In terms of social infrastructure, Dombivli is developing and offers a comfortable lifestyle.
Average rental price: Rs 12,500 per month.
Check out price trends in Dombivli
Popular areas in Dombivli
| Locality | Average price per sq ft |
| Dombivli east | Rs 6,135 |
| Dombivli west | Rs 6,682 |
| Thakurli | Rs 7,130 |
| Kalu Nagar | Rs 6,909 |
| Desale Pada | Rs 5,487 |
| Kumbharkhan Pada | Rs 6,286 |
| Mhatre Nagar | Rs 7,057 |
| Nava Pada | Rs 7,034 |
| Devichapada | Rs 6,209 |
| Ramnagar | Rs 8,945 |
Check out properties for sale in Dombivli west
5. Ghodbunder Road and Kasarvadavali
The two areas together provide a lot of affordable options for prospective home buyers. The metro rail corridor between Wadala to Kasarvadavali on Ghodbunder Road, will provide smooth connectivity. Besides, Ghodbunder Road is a connector between the Eastern Express Highway (EEH) and the Western Express Highway (WEH). Given the connectivity, the area has witnessed projects by some of the most popular developers. Kasarvadavali comes under Ghodbunder Road and has also seen some good projects and infrastructure development, over the years.
Check out price trends in Ghodbunder Road
Average property price: Rs 10,761 per sq ft.
Average rental price: Rs 23,092 per month.
Check out properties for sale on Ghodbunder Road
FAQs
Can I get good rental returns in Thane?
Thane is a popular micro-market with rental values averaging at Rs 24,400 per month, as of June 2020. The rents range between Rs 5,000 and Rs 2 lakhs per month.
What is the average rent in Hiranandani Estate?
The average rent in Hiranandani Estate is Rs 34,174 per month.
What are the popular locations in Thane to buy or rent property?
Popular locations in Thane to buy or rent property include Dombivli, Ghodbunder Road, Kalyan, Ambernath and Badlapur, among others.
Source: https://ecis2016.org/.
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Source: https://ecis2016.org
Category: Lifestyle
