Main
18% of MMR’s housing launches in 2017 added in Thane – ANAROCK Report
Mumbai, 8th February 2018: ANAROCK Property Consultants’ latest research report ‘Thane – An Emerging Megapolis’ highlights this city’s unstoppable rise to become one of the hottest real estate development and investment destinations in the Mumbai Metropolitan Region. Launched at the MCHI CREDAI Thane Property Expo today, the data-driven report vouchsafes that Thane, driven by specific micro-markets, has not only shed its previous ‘industrial’ image but become a stand-alone real estate boom city.
ANAROCK’s report identifies the top locations in Thane which have accounted for 65% of the city’s overall housing supply between 2012-17. Micro-markets like Majiwada, Ghodbunder Road and Kolshet Road together contributed 71% of Thane’s housing supply in this period. The newly-emerging real estate hotspots of Vartak Nagar, Kasarvadavali and Bhayandarpada are now attracting both end-users and investors because of their massive inherent growth potential over the next 3-4 years.
‘Thane – An Emerging Megapolis’ delivers a clear verdict – this city is by no yardstick any longer just a ‘distant cousin’ of Mumbai. Today, its excellent physical and social infrastructure and the presence of major office complexes and shopping malls make it one of the most preferred residential precincts in MMR. On the real estate investment rationale, Thane’s clear USP is the availability of sufficient land parcels for future development. The ability for spatial expansion gives cities like Thane and neighboring Pune a competitive edge over the severely space-constrained regions of Mumbai.
Other report highlights:
Thane’s evolution – from 200 BC to today
Status of physical and social infrastructure, planned infrastructure upgrades
Major initiatives under the Smart Cities mission and redevelopment plan
Thane office market overview
Thane residential market overview
Thane’s key residential hotspots – and what makes them tick
Future prospects
-
Interviews1 week ago
High Rental Yield, Price Appreciation, Stable Growth, Make Sydney an Ideal Realty Investment Option: Haansal Estate
-
News3 days ago
Tenant Experience Platform, Aeria, Raises $1.8 m Pre-Seed Round Led by Kalaari and Foundamental Along With Others
-
News4 weeks ago
Transindia Real Estate To Sell Jhajjar Logistics Park, ₹ 636.71 cr+ Ent. Value
-
News1 day ago
Sacred Cities See a Retail Boom as Spiritual Tourism Surge: CBRE Report
-
News3 days ago
AIPL’s Business Club Secures Rs 100/sq ft Rental on Golf Course Extn Road, Gurugram
-
News1 day ago
GOCL Corporation monetises 264.50 acres of land asset in Kukatpally for Rs 3402 cr
-
News2 days ago
Kanodia Group Enters Real Estate; Targets Over Rs 5000 Cr Investment By 2028
-
News3 days ago
Managed Workspace Provider Table Space Appoints Jamshed Taraporwala to head BD