THANE- AN EMERGING SMART CITY

Real Estate
Thane an upcoming smart city

Thane has been selected as a part of the smart city mission in the 3rd round of smart cities announced by the government in September 2016. The 3rd list encompasses of 27 cities from various states making it to a total of 60 cities under the smart city mission. The cities selected under the Smart Cities Mission will get Rs. 200 crore for improving their infrastructure.

Thane over the few years has witnessed a tremendous growth in real estate sector. Thane’s surreal growth has only been possible because of robust development of its infrastructure.  Thane has emerged as lucrative hub for home buyers.

Thane is surrounded with picturesque lakes and hills and offers reasonable housing alternative to investors. Thane has witnessed a vertical growth in most of its area viz: Kolshet Road, Pokhran Road, Majiwada Junction etc. and is constantly evolving not only with the infrastructures but much more.

More and more people are moving from rural areas to urban areas and hence the global population is growing with a consistent pace. Therefore, smart city plan’s main focus is on the development of urban area and mainly in the sector of real estate to boost the real estate market in India.

Smart city mainly features on the intersection of three factors namely, Capital, Competitiveness and Sustainability.

The basic requirement for smart city is that it should provide good infrastructures like water, healthcare, sanitation, clear and easy procedures that will help to run comfortably on commercial processes, attractive investments, easy online services for gaining approvals, and several public security facilities that will help the residents feel happy and secured.

For sustainability, a smart city should offer ample of employment and economic opportunities to high range of its locals without giving much importance to their educational status, incomes and skills and therefore, attracting wide range of real estate investors to buy a property in that city.

In the list 100 smart cities in Maharashtra, Thane is eligible in all the aspects and located in northern part of Mumbai, under MMR (Mumbai Metropolitan Region).

Previously Thane was a suburban part of Mumbai, but now it is the fastest growing residential destination on the outskirts of Mumbai and has emerged as self-sufficient city. Day by day growing population has activated the rising demand of suburbs where residency is available at reasonable rates with natural surroundings. These suburbs have large amount of land parcels with open areas giving a great opportunity to investors who want to build up their own business.

Thane is located with seamless connectivity, biggest commercial centers, luxury apartments and best residential projects.

Proposals

An approval by General Body of Smart city Plan was given to Thane’s civic administration for its smart city presentation. After receiving this approval, they have started the process to complete it before the urban development Department and become a part of Center’s determined urban development project. A plan of Rs. 6,630 is proposed by Thane for AMRUT missions (Atal Mission for Rejuvenation and Urban Transformation) and Smart city project.

Authorities of Thane are mainly focusing on the redevelopment of Thane city. This will include redevelopment of present infrastructures and retrofitting them.

Several projects that will be taken care of involves supply of interrupted water and electricity, systematic  management of wastes, enhancing the transit channels, developing luxurious and affordable residential flats in Thane, providing ample employment opportunities and many more.

The huge challenge for the Thane authorities is the redevelopment procedure of 50% existing population of slums.

Some Proposed projects in Thane are listed below that is to be put in process,

  1. Suburb station between Thane and Mulund.
  2. Bioremediation and Beautification of Masunda Lake in Thane west and Hariyali Lake in Thane east.
  3. LED Street lightning that is energy efficient thus taking one step towards being eco-friendly.
  4. Roofing Kopri Sewage Retreatment plan with Solar Panels.
  5. Installing ATM’s and water Kiosk’s in slum areas.
  6. 32 km long Metro Rail project i.e. Wadala – Ghatkopar – Teen Hath Naka (Thane) – Kasarwadavli, is proposed that will connect Thane to Mumbai city.
  7. Development of largest office over 3 million sqft area by TCS (Tata Consultancy and Services) for 30,000 employees.
  8. Establishment of Working Women’s Hostel and Elders Paradise
  9. Development of Multi-level car parking that will provide over 4000 parking spaces.

Thane- An Integrated Township!

An Integrated Township means, having multiple facilities under one roof. These facilities include Educational centers, Entertainment and Shopping Malls, Health care centers, Gardens and parks, restaurants and many other important factors like seamless connectivity, well-developed physical and social infrastructures, best real estate properties, great business centers etc.

Thane has very well evolved with all these basic and important facts of important townships in the city. Here are some of them,

Residencies: 

Amongst all the growing suburbs of Mumbai, today Thane tops the chart for various real estate developers and investors for construction and procurement purposes.

Over passing years Thane has come up with many affordable luxurious and ultra-luxurious segments. Developing best residential properties is the great desire of real estate developers in thane. They aim at providing flats to their buyers that are affordable and will give them a luxurious touch with top class amenities. In development of integrated townships, Thane is considered as one of the most preferred hotspot for investments.

Developers in thane mainly focus to serve all types of home seekers.

Here are some upcoming residential flats in Thane located at various points like Ghodbunder, Majiwada, Pokhran Road etc. by eminent developers in Thane.

Puranik Tokyo Bay is an upcoming real estate project on Ghodbunder road, Thane. It offers 1 BHK spacious flats with saleable area of 647 sqft. The price rate of these flats start from INR 53 lakhs onwards.

Puranik tokyo Bay residency

Puranik Tokyo Bay in Thane west

Sunrise Grande by Kalpataru group is a residential project located at Kolshet Road, Thane west and offers 3 BHK flats Thane west with saleable area ranging from 1,644 Sqft. to 1,667 Sqft. The price rate of these flats starts from INR 1.89 Cr.

Realty Investment

Sunrise Grande on Kolshet Road, thane west

Lodha Luxuria Priva located at Majiwada Thane offers 2 BHK and 3 BHK luxury flats with price starting from INR 1.30 Cr. and saleable area ranging from 1755 sqft to 2079 sq.ft. Priva comprises of various amenities like Swimming Pool, Gymnasium, Power Backup, Intercom, Jogging track, Indoor Games etc. giving a luxurious touch to the residents.

Residential flats

Luxria Priva at Majiwada, thane

Rustomjee Azziano, at Majiwada, Thane, has township of 2 and 3 BHK flats starting from INR 1.08Cr for 2 BHK flats and INR 1.68Cr for 3 BHK flats. It is surrounded by 70 percent greenery. Jaguar Fittings, Club House , Swimming Pool , Car Parking , Rain Water Harvesting, Sports Facility etc. are the top class amenities provided by Rustomjee Azziano.

Rustomjee azzaino Property

Rustomjee Azzaino at Majiwada Thane

Haware Dahlia by Haware Builders is a residential property located on Kasarvadavali, Ghodbunder Road in Thane west, offering reasonable apartments i.e. 1, 2 and 3 BHK flats with price starting from INR 41.9 Lakhs and have saleable area 539 sqft-sqft for 1 BHK flats, 942 sqft-1092 sqft for 2 BHK flats and 1320 sqft for 3 BHK flats. Amenities provided are Gymnasium, Power Backup and Parking etc.

Property in Haware Dahlia

Haware Dahlia at Ghodbunder road, Thane west

Wadhwa courtyard located at Pokhran Road, offers 2 and 3 BHK properties for sale in Thane. The price of 2 BHK flat starts from INR 1.62cr with carpet area between 798 sqft-838 sqft whereas 3 BHK has carpet area between 1167 sqft-1323 sqft and price starting from INR 2.51Cr.

Wadwa Courtyard Flats

Wadhwa Courtyard at Pokhran road, Thane

And several other eminent projects for instance, Raunak Park View, Dosti Imperia, Raunak Delight, Raunak Unnathi woods Phase 7 etc. are located in Thane increasing the options for the investors to buy a property in Thane.

Movement Channels:

Thane enjoys immaculate connectivity to the Eastern and Western Suburbs via Western Express Highway and Eastern Express Highway.  Thane also enjoys a seamless connectivity to Thane-Belapur road, Navi Mumbai, SCLR (Santacruz-Chembur Link Road), (JVLR) Jogeshwari-Vikhroli Link Road etc. Thane’s close proximity to airport and immaculate connection with CBD’s and other railway stations has elevated its positional value and made it a most opted location for residency.

Learning Organizations:

Thane has some of the best educational centers which include Sulochanadevi Singhania in Thane is at sixth position in day school’s list, opted by Education World India School Rankings 2012. Dnyanasadhana College of Science, Hiranandani Foundation School (ICSE), Institute of Management and Computer Science and Vasant Vihar school (state board), Orchid International School (CBSE Board) and many more are located in Thane.

Hospitals:

Thane has some of the choicest hospitals viz: Jupiter Hospital, Bethany Hospital, Vedant Hospital, Hiranandani Hospital and many more.

Shopping Malls:

R-Mall is the biggest entertaining and attractive Mall in Thane.  Viviana at Pokhran road and Korum Mall are the other entertaining malls in thane. Mostly preferred Shopping malls like Big Bazaar, HyperCity and D-Mart are also present in Thane for household shopping and other stuffs.

All the above mentioned factors have led to a constant development of Thane. With all facilities, accessibilities, large amount of land parcels, best residential options, employment opportunities, developed and developing infrastructures, Thane fulfills all the mandatory requirements necessary for the transformation of it into a Smart City. Thus, Thane offers a high future scope for investors to reside in Thane as well as for the developers to develop iconic projects.

 

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