Thane’s Top Ten Investment Opportunities

Investment Opportunities: When deciding whether or not to invest in a property, most individuals look at the rental yield and previous price appreciation to determine its investment potential. While there are many places to invest in Thane, Kalwa, Majiwada, and Kalyan West had the most price growth in the city in January-March 2022.

 


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Thane, a satellite city of Mumbai, has been riding high on infrastructure development, with the Mumbai Metropolitan Region Development Authority (MMRDA) earmarking roughly Rs 2,100 crore in FY 2022-23 for strengthening metro and road connections between Mumbai and Thane. Furthermore, an increasing number of reputable developers are launching projects in Thane, prompting the National Real Estate Development Council (NAREDCO) Maharashtra to create a Thane unit. If you want to take advantage of the benefits of improving infrastructure and invest in high-quality projects while generating high returns, navimumbaihouses has compiled a list of the best 10 regions to invest in Thane. In January-March 2022, these localities saw the highest price increases and yearly rental yields of up to 3%.

 

Investment Opportunities: Kalyan West 

Kalyan West is a prominent locality in the city, located in the Beyond Thane area. Affordable housing costs are one of the reasons for its popularity among renters and purchasers. The average property value in Kalyan West is Rs 7,300 per sq ft, despite a 20% price increase in the previous five years. The Kalyan-Dombivli Business District, which is being built along the lines of the Bandra-Kurla Complex (BKC), and the functioning of the Pune-Nashik semi-high-speed rail project, which will link to Kalyan, are projected to boost the growth rate even further. The region offers a 2% yearly rental yield, and the average monthly rent for a 2 BHK property is roughly Rs 15,000 in the area. In Kalyan West, about 80% of the homes for sale are ready-to-move apartments in residential societies, providing rapid possession.

 

To explore properties in Kalyan West, Thane, click here

 

Thane's top ten investment opportunities

Investment Opportunities: Kalwa

Kalwa is a low-cost neighbourhood with its own train station on the Mumbai Suburban Railway’s Central Line. The Kalwa-Belapur Road and the Mumbai-Pune Highway contribute to the city’s strong connectivity. Home values in the neighbourhood have increased by almost 11%, and are now approximately Rs 10,000 per sq ft. The monthly rental for a 2 BHK flat is around Rs 22,000, with an annual rental yield of approximately 3% as of the quarter ending March 2022. “Kalwa is a redevelopment location where demand outnumbers supply. Developers have recognised this and are attempting to bridge the gap by delivering projects in the next 3-5 years.”

 

To explore properties in Kalwa, Thane, click here

 

Investment Opportunities: Karjat

Karjat, sometimes referred to as the “middle ground” between Mumbai and Pune, is a reasonably priced neighbourhood with a YoY increase in the buying price of over 7%. However, housing values in the neighbourhood are still very low, at roughly $3,600 per square foot. The residential stock in Karjat is dominate by one-bedroom apartments, which account for over 40% of the inventory and have a monthly rental of Rs 5,000. Due to its closeness to the future Navi Mumbai Airport, which is estimated to draw an investment of Rs 1,500 crore, and the creation of the Jio University, the micro-market is expected to enjoy enhanced realty sentiment.

 

To explore properties in Karjat, Thane, click here

 

Investment Opportunities: Vasant Vihar 

Vasant Vihar is a promising neighbourhood, with prices ranging around Rs 14,300 per sq ft and yearly property value rise of around 7%. It is conveniently located near Ghodbunder Road, a major thoroughfare in Thane. Residential flats make up over 95% of the available inventory in the area, with 2 BHK residences being the most popular. The typical monthly rate for such an apartment is roughly Rs 27,000. The area is well-equippe in terms of social and retail infrastructure. The Thane-Belapur office belt is also conveniently accessible within 11 km, which may explain the yearly rental yield of up to 3%. With the opening of Mumbai Metro Line 4 via the Kapurbawdi Station, two kilometres from Vasant Vihar, the area’s investment potential is expected to rise even further.

 

To explore properties in Vasant Vihar, Thane click here

 

Majiwada

Majiwada, a mid-segment community approximately four kilometres from the Kolshet Industrial Area, has seen a 10% price increase year on year. It is an environmentally sensitive zone with average housing values of Rs 13,200 per sq ft.  “In Thane, Majiwada is a fantastic spot to invest. Given its five-kilometer closeness to Thane Railway Station, it has long been on investors’ radar. Tenants also enjoy the site because of the convenience it provides.”

In January-March 2022, the rental yield in the region was roughly 3%. In Majiwada, a 2 BHK home for rent costs roughly Rs 25,000 per month.  it is a “low-lying location that suffers from waterlogging during monsoon.”

 

To explore properties in Majiwada, Thane, click here

Thane's top ten investment opportunities

Neral

Neral, on State Highway 79, is a growing tourist destination. The majority of housing inventory is priced under Rs 30 lakh, hence 1 BHK and 2 BHK flats are in high demand. In the previous five years, the neighbourhood has seen a 15% price increase. With an average purchase rate of Rs 4,100 per sq ft. A two-bedroom apartment rents for roughly Rs 5,700 per month. Matheran, another tourist destination, is about 10 kilometres away. Neral’s appeal among house searchers is attributed to “clean and pollution-free environment.” “Excellent connection by road and rails,” and “safety at night,” according to a local resident.

 

To explore properties in Neral, Thane, click here

 

Teen Hath Naka

Teen Hath Naka is a posh neighbourhood in Majiwada, located along the Eastern Expressway. It is value at around Rs 17,000 per sq ft. The micro-market has experienced yearly price rise of up to 7% and rental yields of over 2%. Future initiatives such as a dedicated metro station on Mumbai Metro Line 4 and a bus terminal 2.5 kilometres distant are expected to pique investors’ interest even further. A 2 BHK flat in Teen Hath Naka rents for around Rs 30,000 per month. While the neighborhood’s strategic location facilitates commuting, it also contributes to residents’ traffic concerns.

 

To explore properties in Teen Hath Naka, Thane, click here

 

Investment Opportunities: Balkum 

Balkum is a mid-segment area where property prices have risen by over 12% YoY and are presently hovering around Rs 13,000 per sq ft. Because of its closeness to commercial centres like Amfotech and ThaneOne Park, it is a favoured leasing hub. With an annual rental yield of roughly 3%, the area is expected to remain a popular investment destination in Thane. The average monthly rent for a two-bedroom apartment is Rs 22,500. While citizens’ worries about traffic congestion and parking linger. The city plans to create new parking lots to address the issue.

 

To explore properties in Balkum, Thane, click here

 

Investment Opportunities : Panch Pakhadi

Panch Pakhadi is a premium location with plenty of ready-to-move units. Located between the well-known industrial towns of Bhandup and Wagle, all of which are within a seven-kilometer radius. Over the previous year, the micro-market has seen up to 6% price rise, with residential prices averaging around Rs 17,000 per sq ft. The neighbourhood also produced a two percent yearly rental yield. With a two-bedroom flat renting for approximately Rs 33,000 per month on average. While the neighbourhood currently lacks metro connection, two stations on Mumbai Metro Line 4. RTO Thane and Mahapalika Marg, will shortly serve the area.

 

Investment Opportunities: Dombivli West

The abundance of developable property parcels in Dombivli West draws investors. Over the last three years, house purchase prices in the region have increased by over 7%. The average price per square foot in this area is roughly Rs 7,000. While the monthly rental for a two-bedroom home is around Rs 12,500. The future Mumbai Metro Line 12 will have four stations near to the neighbourhood. And the Navi Mumbai Airport is expected to boost residential demand. Over 90% of the units in the region are ready to move in. With a mix of society flats and independent builder floor units. If your waiting period is significant, however, an under-construction apartment may be a viable choice. These units have reduced investment expenses and substantially larger returns.

 

To explore properties in Dombivili West, Thane, click here

 

Thane has drawn the attention of investors due to its extensive infrastructure development. The creation of the Bhiwandi and Wagle industrial belts also demonstrates Thane’s commercial and residential investment potential. However, significant market research is require before making a selection.

 

 


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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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