Introduction Mumbai’s  Popular Places Thane & Powai

Mumbai’s  popular places Thane & Powai  the most expensive real estate in the nation is found in Mumbai, the financial centre of India. Interestingly, Towns and micro markets that were previously regard as remote or second-home possibilities have suddenly climb up in the pecking order of preferences, along with being the most expensive cities to live in.

The micro markets of Thane and Powai in the Mumbai Metropolitan Region (MMR) are the best examples of this expansion in residential and commercial real estate.

In the 1980s and even into the 1990s, Thane and Powai were despised. However, real estate costs in both of these micro markets are currently at astronomical levels. That is due to urban sprawl, which occurred as businesses relocated from south Mumbai to other parts of the city as well as adjacent towns and small marketplaces.

When south Mumbai was the centre of activity twenty or twenty-five years ago, I would have laughed if someone had told me I would open an office in Thane or Powai. Today’s situation, however, is the exact opposite. Companies’ justification is question if they choose to establish themselves in south Mumbai. They are question about why they chose south Mumbai over other areas, according to real estate consultant Piyush Jani, who manages office buildings for businesses in suburban Mumbai.

“Many residential and commercial projects in Thane have per-square-foot prices that are comparable to those of numerous micro-markets in Mumbai, including Borivali, Kandivali, Mulund, and Bhandup, among others. Why does this matter? Thane has expanded, and the expansion has been far better than in many regions of Mumbai, the speaker continue.

“The cause of this is urban sprawl, which is a result of saturation in part. Every micro market eventually tends to give up because it can’t keep up with the burgeoning areas in terms of offerings and infrastructure. This event might also occur at some point in Thane and Powai. However, there is still time for that to occur before fresh Competing regions enter the battle,” Jani continued.

Hiranandani Developers, who have residential, retail, and commercial properties nearby, are well-known in the Powai micro-market. The Indian Institute of Technology (IIT)-Bombay is one of the most prestigious universities in the nation and is located in this micro market. Powai is home to a sizable number of hospitals and schools. Deloitte Consulting, one of the biggest international consulting businesses, is also situate in this micro market.

Thane, in contrast, is still evolving, even though it is thought to be a more vibrant micro market in terms of tradition and culture than Powai. Thane is home to a number of large corporations, has plenty of open space, and has a respectable number of schools, colleges, and hospitals. When the reconstruction of historic buildings starts in 10–12 years, both Thane and Powai will be significant markets in the future, according to regional brokers.

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Mumbai’s  popular places Thane & Powai  : Connectivity

Thane has excellent train connections, including to Mulund and Thane stations, among others. Those travelling on the Eastern and Western Motorways can reach it with ease.

The forthcoming CST-Thane Metro-4 line, which will enable residents to commute up and down, is anticipate to improve connection in the micro market. Apart from those wishing to leave the city quickly and head to Gujarat, further into Maharashtra, or even South India, Thane also has decent connectivity with other MMR satellite towns.

“I realised that after COVID-19, work-from-home (WFH) and working from anywhere would become the norm,” Said Deepak Sharma, an IT consultant who relocated his office from Andheri to Thane for convenience of travel. Additionally, I knew that my team wouldn’t be prepare to go from Thane to Andheri.

As a result, I relocated to Thane, where I also live. For the past year, I have been walking to work. Greater connectivity will be offer by the forthcoming Metro, which will enhance its appeal. After COVID-19, I genuinely believe that individuals are maximising travel and utilising technology to the fullest extent to ensure minimal travel,” he continue.

On the other side, Powai has limit access to Mumbai’s suburban local train system, which handles over seven million passengers each day. Andheri, Vikhroli, and Kanjurmarg are the closest suburban train stations.

However, Powai has good access to both the Western and Eastern Express Highways via highways. The forthcoming Andheri-Vikhroli Metro Line 6, which will travel through Powai, is anticipate to have a significant positive impact on this micro market.

Price Of Flats In Thane & Powai

Developers are renting out 1, 2, 3, and 4 BHK apartments in both neighbourhoods for a variety of prices, from Rs 10,000 per square foot to Rs 50,000 per square foot. Thus, for Rs 30,000 to Rs 40,000 per month, one may easily rent a 2BHK flat in Powai.

However, In Thane, it might be simple to get a 2BHK flat with facilities in a gated community for under Rs 20,000 per month.

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