Property & Neighbourhood Trends In Shahapur, Thane

Trends In Shahapur : Many investors are taking an interest in Shahapur, a town in the Thane district close to Mumbai. It has the potential to become one of the most coveted residential areas outside of Mumbai.

According to a recent survey, 56% of all new launches in the Mumbai Metropolitan Region (MMR) occurred in the outlying districts. The Western Ghats mountain ranges around Shahapur, the biggest Taluka in the Thane District. Shahapur is a major tourist destination, according to the Maharashtra government, thanks to attractions including the Mahuli Fort, Aajoba Parvat, and Manas Mandir. There are four significant dams in it: the Bhatsa, Tansa, Modak Sagar, and Vaitarna. Each day, Shahapur provides Mumbai with close to 2,900 mega litres of water. As a result, the government has also designated the town as a “No Chemical Zone.” Shahapur is situated inside the Delhi-Mumbai Industrial Corridor and is sandwiched between the cities of Mumbai, Nashik, and Pune.

 


Are You Looking Flat For Sale In Shahapur


 

Shahapur is the closest residential neighbourhood, and Igatpuri-Nashik-Sinnar Investment Region (INSIR) has been designated as an industrial zone under this plan. The development of Shahapur’s real estate has been greatly aided by the rise of the industrial sector and the tourism industry. Who have introduced a number of mid-range and opulent developments. The majority of Shahapur’s apartments are brand-new structures, and they come with features like community halls, fitness centres, swimming pools, beautifully manicured gardens, jogging trails, etc. There are several 1, 2, and 3-BHK flats for sale in Shahapur. In Shahapur, there are individual residences in addition to structures. Asangaon and Atgaon are two areas of Shahapur that are close by.

 

Shahapur Thane : Connectivity

  • Via the Eastern Express Highway/Mumbai-Agra National Highway and NH-160, it is around 73 km from Mumbai.
  • The distance through NH-160 to the Chhatrapati Shivaji Maharaj International Airport is around 80 km.
  • The distance between Shahapur and Asangaon and Atgaon railway stations is only five km. In addition to this, Shahapur is connecte to various locations in the state by 5 other railway stations.
  • Shahapur bus station is the area’s main bus hub.

 

 

Flat For Sale In Thane

 

 

 

Shahapur Thane : Nearby hubs of employment

  • Due to Shahapur’s popularity as a vacation spot, tourism is a significant sector here.
  • On the Mumbai-Nashik Highway, the other significant industries in this region include Jindal Steel, Liberty Oil, and Oswal Industrial Estates.
  • The Igatpuri-Nashik-Sinnar Investment Region (INSIR), which DMICDC has designated as an industrial zone, is around 40 kilometres from Shahapur.

Schools and other social services are provided in Shahapur.

 

Shahapur has standard social facilities available.

  • Schools: GV Khade Vidyalaya, Zilla Parishad School, Mundhewadi, Disha Institute of Paramedical Science, Dr. Shivajirao S Jondhle International School, and Archana Trust English Medium School are among the educational institutions in Shahapur.
  • Hospitals: Prakruti Maternity and General Hospital, Deep Smruti Nursing Home, Sayad Hospital, Anurag Multispecialty Hospital, and Crystalcare Hospitals are some of Shahapur’s top medical facilities.
  • Malls: Among the well-known malls in Shahapur are the Metro Junction Mall and Kabadi Plaza.
  • Tourist attractions: The Kohoj Fort, Tansa Wildlife Sanctuary, Manas Mandir, and Mahauli Fort are among of the area’s most well-known tourist destinations.

 

Shahapur’s physical infrastructure

  • Between Mumbai and Nashik, a new 8-lane motorway is being built, which will improve Shahapur’s connection even further.
  • At least one new project is expected to be complete in Shahapur’s real estate market during the next four months.
  • The Royale Lifespace LLP constructors’ Royale City is a forthcoming opulent development in this region.

 

Shahapur Thane : Property values and trends in Shahapur

A growing residential area, Shahapur, provides a selection of reasonably priced home alternatives. Apartments and standalone homes make up the real estate inventory, with an emphasis on 1 and 2 bedroom layouts. A 1 BHK flat comprising 250–600 square feet costs between Rs 10–20 lakh, whereas a 2 BHK flat measuring 750–2,000 square feet costs between Rs 25–40 lakh. Up to Rs 1 crore might be spent on larger 3 BHK home rooms of 2,500–6,000 square feet.

Shahapur attracts investors because of its consistent investment returns. Over the past three years, prices in the neighbourhood have grown steadily YoY. The price per square foot for homes in Shahapur is an average of Rs 3,250. The proximity of the area to major job centres is a factor in the high rental demand. In Shahapur, a 1 BHK house would bring in about Rs 8,000 per month in rent, while a 2 BHK home might bring in Rs 9,000 to 20,000 per month in rent.

 

 

Upcoming Projects In Thane 

 

 

Why should you make an investment in Shahapur?

Shahapur has recently experienced a price increase of over 25%, according to pricing trends in the area. Although the town is getting more and more urbanised, Shahapur’s social infrastructure has not kept up with that city’s rapid industrial and real estate development. However, because Shahapur has potential for price appreciation, investing there is unquestionably an excellent option. Shahapur has the potential to develop into a twin city to Mumbai or Nashik.

 

 


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Disclaimer: The views of this expressed above are for informational purposes only based on the industry reports & related news stories. Navimumbaihouses.com does not guarantee the accuracy of this article, completeness, or reliability of the information & shall not be held responsible for any action taken based on the published information.
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