[ecis2016.org] Thane east is one of the oldest regions in Maharashtra and is known for the first railway service operations in India. Being one of the oldest areas of the state, it is well-planned and has a mixed population. The locality comes under the purview of the Mumbai Metropolitan Region and is very well-connected to all the parts of the city
Thane east, one of the oldest port regions of India, is located very close to Mumbai. The area is of great historic importance. The first passenger train in India ran from Colaba in Mumbai to Thane. Nearby Thane east localities include Bhiwandi, Ulhasnagar, Kalyan, Domvibli, etc.
You are reading: Thane east real estate: An overview
Being one of the oldest parts of the city, it is a premier residential area as far as Thane east real estate is concerned. The suburb is connected well with major landmarks of Mumbai. As a result, there has always been a high demand for residential apartments in Thane east, being one of the noted areas in Mumbai.
There are a number of noted projects which have come up in the area like Kalpataru Kamdhenu, Puranik Pushparekha Sahaniwas, etc. Builders in Thane east include famed developers like the Kalpataru Group, Puranik Group etc., who are working on some of the major projects in Thane east.
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Connectivity with nearby Thane east localities
- Eastern Express Highway, Saket-Kalwa Road and Mulund Bridge Road are some of the prominent roads which run though the area.
- The area has an extensive bus service and the Mulund Bus Stand and Thane Bus Stand lie in close vicinity.
- The area has its own suburban railway station. Apart from that, there are railway stations at Nahur, Bhandup and Kanjurmarg.
- The international airport is about an hour away from the area.
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Employment hubs near Thane east
- The Intelenet IT Park and Wagle Estate are located at an approximate distance of 3-4 kilometres from the area.
- The Sigma IT Park, Millennium Business Park and Supreme Business Park are approximately 13-14 kilometres away from the area.
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Thane east offers very good social infrastructure to its residents. Some of the reputed schools in Thane east include the People’s Education Society High School, Captain Ravindra Madhav Oak High School, Nalanda Public School, etc. Some of the leading hospitals in Thane east include the Chhatrapati Shivaji Maharaj Hospital, Aayush Multispecialty Hospital, Abhiman Maternity and Surgical Hospital, etc. The shopping needs of the residents are catered by malls in Thane east such as the Nirmal Lifestyle Mulund, Eternity Mall Thane, Lake City Mall, etc.
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Price trends in Thane east
- Price appreciation—Around 15% in the last one year.
- Current property rates—Rs 9,099-Rs 13,792 per sq ft.
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Reasons to invest in Thane east
Thane east possesses many gated communities and luxury apartments. It offers excellent connectivity and social infrastructure and these are the major reasons for its rapid growth. Thus, there is no denying that Thane east is certainly one of the best places to live close to Mumbai. Further, considering the price trends in Thane east and the rising demand, the locality will definitely prove to be a good investment region in future. There will be excellent appreciation of property rates in the area and with a number of projects which are being developed, the area will only grow further.
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