Rapid changes in the infrastructure has lead to an increase in Real estate investments.
Mumbai Real Estate Development
Homebuyer interest is increasing in the western and central suburbs of Greater Mumbai, New Mumbai, Thane.
Many new projects have started due to the increasing demand of the customers in the small markets like Malad, Kandivali, Nerul, Chembur, Mulund, Thane.
People who want to buy a home are moving to the suburbs. The demand for small markets in Thane has increased. Upcoming structural projects, commercial construction, communication improvement projects and a wide range of projects priced from Rs 5,000 to Rs 15,000 per square foot are all coming together to give it a suburban face.
Real Estate Report & Analysis
According to a report by Liases Foras Real Estate Rating & Research Pvt. Ltd, the sale of homes in the Thane Western region has taken the top spot in small markets across India.
During the six months dated 30 September 2019,Around 7,755 Houses were sold in Thane West. This is an increase of 21% over last year. Last year, there were 6,427 houses sold.
Mumbai – The pace of widening of the Nashik highway has been accelerated after the government has put in a fast track section. Mankoli – Dombivali bridge is also being completed. One side of the flyover at Ranjanoli and Mankoli has been opened to the public.
So both sides of the Construction will be completed in the next six months.
The most reputed company Lodha Group has made it’s Upper Thane important due to the numerous upcoming transportation facilities.
Spread over 14 acres of greenery with more than 200 acres of land.
Upper Thane is a promising lifestyle. In recent years, many established developers have offered quality homes in different areas to the customers.
Beyond the amenities and lifestyle, homeowners consider issues of
- infrastructure in those areas,
- attractive landscapes,
- attractive pricing as well as
- educational institutions,
- medical facilities,
- retail and commercial establishments
when investing in their dream home. Being in a strategic location is the perfect combination of all these issues in this area.
With the specified issues being overcome by Lodha Group and with a rapid and ever-going change in Mumbai’s infrastructure its an advantageous and profitable decision to invest in the project.