Which Should You Choose Between Navi Mumbai and Thane?
Navi Mumbai and Thane are the top selections for a potential buyer seeking cheap neighborhoods in Mumbai. The issue now is, Flat for Sale in Kharghar, which of the two towns is superior? Let’s attempt to figure it out based on certain facts.
– Infrastructure
There is a significant disparity between the two locations in terms of infrastructure development and upkeep. While the City and Industrial Development Corporation (CIDCO) develops Navi Mumbai, Thane has been a member of the Mumbai metropolitan region since 1982 and has its own municipal government, are you finding a property in Navi Mumbai, Kharghar is the best place for living, property in Kharghar.
Thane, which was once a rural location, has seen urbanization in the last two decades as real estate developers have moved to the region to create commercial and industrial installations. Thane is already classified as one of India’s emerging smart cities, and the city is already experiencing several changes.
Commercial growth in Navi Mumbai, on the other hand, has just begun under the Maharashtra IT/ITes policy, which gives incentives and subsidies to enterprises as part of the ease of doing the business effort.
Verdict: Thane has an old-city fabric with malls, shopping complexes, and entertainment settings, but Navi Mumbai has yet to make much development in this respect.
– Connectivity
The Mumbai local rail network connects Navi Mumbai and Thane. However, local railway connections in Navi Mumbai is restricted to Panvel, although regions beyond Thane, such as Ambernath, Dombivli, and Kalyan, are well linked to the main metropolis. The road from Thane to the Eastern Express Highway is improving as a number of flyovers and underpasses are built to reduce traffic congestion.
The Sion-Panvel Highway is currently operating for inhabitants of Navi Mumbai, while the projected Trans Harbour Link Road would improve communication from Ulwe to South Mumbai.
Conclusion: Both locations are well-connected. The introduction of app-based cab services has simplified inter-regional travel. The Thane Municipal Transport Bus service now has a fleet of 506 buses, while the Navi Mumbai Municipal Transport service has 450 buses that travel around the region and into Mumbai.
– Cost of living
Because Navi Mumbai was constructed lately, property in kharghar Navi Mumbai, the bulk of property possibilities in the region are newer than in Thane. A 1BHK apartment in Navi Mumbai costs at least Rs 35 lakh. The starting price for a 2BHK apartment is Rs 48 lakh. A 1BHK home in Thane starts at Rs 50 lakh, while a 2BHK house costs at least Rs 60 lakh. Property costs in Thane are only reasonable in places outside of Thane, such as Ambarnath, Kalyan, and Dombivli.
According to Navimumbaihouses.com data, there are over 2,500 projects in Navi Mumbai, with 2,300 of them ready to move in. Out of 1,000 projects in Thane, approximately 600 are ready to go.
In Navi Mumbai and Thane, there are about 14,000 rental homes available. A 1BHK in Navi Mumbai may cost between Rs 8,000 and Rs 12,000 per month. Rents in Thane may vary depending on where you live. Renting in the affluent areas of Majiwada in Thane West and the Thane end of Ghodbunder Road is rather costly.
– Return on investment
Real estate in Navi Mumbai has witnessed constant growth as a result of a number of new infrastructural projects that are nearing completion. The Navi Mumbai International Airport, flat for sale in kharghar, the Trans Harbour Link Road, the Navi Mumbai Metro Rail, and flyovers is among them. The region’s business expansion is also driving up housing prices, as demand for rental property rises. The majority of investors in this region are from Mumbai, who are reaping the advantages of their investment here yet choose to live in the main city on rent.
According to Navimumbaihouses.com statistics, home values in the neighborhood have risen 11% in the last 50 months. Kharghar, Ulwe, Kamothe, Panvel, and Airoli are some of the most desirable areas in Navi Mumbai, with typical property values ranging from Rs 6,000 to 9,000 per square foot. RERA-compliant developments in Navi Mumbai include Gami Trixie, Samyama Tower, and Bhagwati Eleganza.
Thane’s property price growth has been more steady, with Apartments for Sale in Kharghar, owing to the end-users growing demand for an urbanized town with city-like facilities. Data reveal that real estate values have risen by up to 7% in some areas over the last four years. The ever-increasing demand is centered in locations with improved infrastructure, such as Thane West, or in more inexpensive locations outside Thane. The projected Metro line from Central Mumbai to Thane would increase property prices in the regions traversed by the line.
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