8/3/2019 Theme - Report 2010

1/8

Real Estate - ThSYNOPSIS Q

THANEFIRST!

Facility Manageme nt Agency Services Research & AdvisoryI I

Mumbai Office: 429, Arun Chambers, 4th floor, Tardeo Road, Near A.C. Market, Tardeo, Mumbai-400 034 Tel.:

Thane Office: Abhimaan-II, 1st floor, Near Damani Estate, Off Eastern Express Highway, Thane (W)-400 602. Board Line: 2598 5000.

E-mail: info@themerealty.com Website: www.themerealty.com

. 022 - 2351 3511.

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For every family in the Mumbai Metropolitan Region (MMR) which

dreams of a home of its own, Thane offers what is arguably the widestrange of residential real estate, across price points and across budgets.

If you have a dream home, you can make it a reality in Thane. From

'budget homes' to homes in the 'mid-range' and on to 'high-end,

premium' homes, Thane has it all

par with any residential location in the

Mumbai Metropolitan Region.

Future Perfect

Thane has evolved into an ideal

residential destination over the years,

and its future promises to be even

better. The best part of Thane: it has

something for everyone, from the'common man' to a 'high profile

resident'. Going into the future, it

shows potential to be a global city of

repute, if one considers the various

infrastructure projects which are in the

pipeline, like the monorail project, for

instance.

Major Resident ial Locations:

Thane has six major locations where

home seekers will find their dream

homes become a reality. These are: (i)

Thane City (ii) Wagle Estate (iii) Pokhran

I & II (iv) Balkum (v) Kolshet and (vi)

All About Thane:

From being Mumbai's 'Sister City' and

not glamorous at that in the 1960s

and '70s, Thane has broken out of the

perception of being the equivalent of a

smal l t ime suburb of Mumbai.

Perceptions change, once you step into

this verdant green, clean and safe city,

which has been magically transformed

in all aspects.

More about Thane:

Wide roads that provide excellent

connectivity, some of the best

infrastructure, lif estyle-plus living, some

of the best academic & medical

facilities, excellent retail and shopping

as also amusement and entertainment

and all this, in a setting that offers

Real Estate of global standards Thane,

over the past few years, has morphed

and become an urban conglomerate on

Ghodbunder Road. Wagle Estate is

largely an industrial area with a strong

I.T. presen ce.

No Longer in Mumbai's

Shadow

Now a home destination of 'choice',

Thane has gone beyond the previous

perception of being in Mumbai's

shadow. The real estate offerings in

Thane have catapulted it in to becoming

the ideal residential destination - it is

truly, the 'supermarket' of residential

options, spanning across budgets and

locations.

Value for Money

Buying a home in Thane is cost effective

- easier on your wallet, both in terms of

the actual cost vis-a-vis similar projects

in suburban Mumbai or in terms of

monthly maintenance charges, which

are also lower in comparison. Easy

the MMR during the last quarter

2009 an eight of all homes sold acr

the MMR were in Thane. That's a la

enough chunk to give Thane the sta

of a 'happening' residential rea

destination.

Thane PROPERTY 2010

The most trusted and preferred hom

property exhibition celebrates its ten

edition. It is auspicious ocassion

Thane MCHI, and the exhibiti

promises to be a win ner, all the way!

Your Dream HomeWill you be the next home buyer

Thane? Will it be your 'dream hom

that becomes a reality in Than

Hopefully, Thane PROPERTY 2010

the 'one stop shop' which will ma

your dream home come true. Tha

MCHI as also the 'Thane Property 20

Exhibition Team wish you the very bes

availability of home finance options

makes it easier to become a reality. A

Thane home is truly, value for money!

Naure's Paradise

Over the years, Thane has achieved

fame as the 'City of Lakes'. It has the

Yeoor Hills in the west and the creek in

the east, with the city situated in

between, providing a pi cturesque locale

to call 'home'. In t he monsoon, Thane's

green cover takes on a verdant hue,

giving it the appearance of being a

residential destination right out of a

fairy-tale.

Its' official . . .

At the launch of the real estate

sensiti vit y index, Liases Foras CEO

Pankaj Kapoor quant i f i ed the

percentage of homes sold in Thane vis-

a-vis the entire Mumbai Metropolitan

Region: Thane accounted for 12.5 per

cent of all residential real estate sold in

Dream Homesbecome a Reality...in Thane

Major Locations

Ghodbunder Road

Kolshet

Pokhran II

Pokhran I

Balkum

Wagle Estate

Thane City

8/3/2019 Theme - Report 2010

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Some of Thane's major residential locations

are as follows:

Old Thane City:

This is where the

foundation of Thane asa city was laid, and to

his day, it enjoys prime

position in t erms of real

estate pricing you will

f i nd some o f t he

highest-priced realty in Thane located here. In terms of

its realty mix, this locale has a dominance of old

residential buildings, industrial estates, commercial

complexes, high-street retail and hotels, and is spread

over various location like Kopri Colony, Panchpakhadi,

Khopat, Eastern Express Highway.

This locale is all set for some major redevelopment

projects, and most of the existing old societies are in

line for re-development.

It is typically a commercial area with a few residential

projects that are among the most expensive available in

Thane. Any good project coming up in these locations

fetches a good price because of proximity to the

commercial centre, the railway station as also the

demand / supply factor.

Pokhran I & II: This is the equivalent of Thane's

location, far away from noise and air pollution.

Located 5 kms from Thane station, it enjoys proximity

to schools, hospitals, retail and shopping malls and

entertainment. Offering easy access to Old Bhiwandi

Road, New Nashik By-pass, Eastern Express Highway

and the Ghodbunder Road, it offers a good option for

home buyers.

Balkum:Perpendicular to Ghodbunder Road on theThane end and extending towards the Nashik By-pass,

Balkum is located 4 kms from Thane railway station.

This stretch is expected to be the next residential hub

after Ghodbunder Road. It has the presence of high-

end residential and township projects by big

developers.

Nashik By-pass: This is a stretch that begins fromKapurbawdi ,

where Lodha

and Rustomjee

have upcoming

projects. From

the Toll Naka,

towards Kalyan/

Bhiwandi, vast

tracts of open land is set to become the New Thane,and home seekers will find this the ideal future

residential hub .

Green Zone, due to its proximity to Yeoor Hills and its

abundant greenery as also Upvan Lake. In terms of

residential, t his locale commands a premium. Pokhran I

& II are situated 3.4 and 4.8 kms from Thane railway

station and were known as the 'base' for reputed

companies like Raymond, Glaxo, Cadbury's etc.

Projects in Pokhran have a good demand, especially for

premium residential. Among its 'positives' are close

proximity to Schools, Hospitals, Shopping and other

recreational activities. Complexes like Siddhachal,

Hiranandani Meadows are a home for upper higher

income groups.

Kolshet: If Thane has been the location where

industrial usage gave way to residential, Kolshet Road

is the 'poster boy' of this major shift: from Industries to

Residential complexes. Kolshet is a serene green

Ghodbunder Road: Better known as the neurban face of Thane, Ghodbunder Road is a new 'c

within a city' that is evolving in Thane. Regarded as t

fastest-growing belt, Ghodbunder Road offe

residential townships, commercial bui lding

educational institut es, shopping and restaurants.

It is a major link, connecting the Eastern Expre

Highway and Western Express Highway. TMC a

MMRDA have started the construction of flyovers

the Ghodbunder Road at Majiwade, Waghbil Na

and Near Hiranandani Estates. These flyovers wou

ease traffic congestions on t he road.

In theory, you can get a home in Thane - anywhere and everywhere

subject to issues like its cost and whether it suits your requirement.That's the theory. From a home seeker's perspective, some locations

are perceived to be 'hot' and 'happening'. This can be a factor of high

demand for homes in that area, or simply a matter of customer

preference. Either way, these are some of the 'hot' and 'happening'

locations

The residential hot-spotsof Thane

Off NasikHighway

Kolshet

Balkum

Pokhran I

Major chunks of Lan

8/3/2019 Theme - Report 2010

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For every family in the Mumbai Metropolitan Region (MMR) which

dreams of a home of its own, Thane offers what is arguably the widestrange of residential real estate, across price points and across budgets.

If you have a dream home, you can make it a reality in Thane. From

'budget homes' to homes in the 'mid-range' and on to 'high-end,

premium' homes, Thane has it all

par with any residential location in the

Mumbai Metropolitan Region.

Future Perfect

Thane has evolved into an ideal

residential destination over the years,

and its future promises to be even

better. The best part of Thane: it has

something for everyone, from the

'common man' to a 'high profile

resident'. Going into the future, it

shows potential to be a global city of

repute, if one considers the various

infrastructure projects which are in the

pipeline, like the monorail project, for

instance.

Major Resident ial Locations:

Thane has six major locations where

home seekers will find their dream

homes become a reality. These are: (i)

Thane City (ii) Wagle Estate (iii) Pokhran

I & II (iv) Balkum (v) Kolshet and (vi)

All About Thane:

From being Mumbai's 'Sister City' and

not glamorous at that in the 1960s

and '70s, Thane has broken out of the

perception of being the equivalent of a

smal l t ime suburb of Mumbai.

Perceptions change, once you step into

this verdant green, clean and safe city,

which has been magically transformed

in all aspects.

More about Thane:

Wide roads that provide excellent

connectivity, some of the best

infrastructure, lif estyle-plus living, some

of the best academic & medical

facilities, excellent retail and shopping

as also amusement and entertainment

and all this, in a setting that offers

Real Estate of global standards Thane,

over the past few years, has morphed

and become an urban conglomerate on

Ghodbunder Road. Wagle Estate is

largely an industrial area with a strong

I.T. presen ce.

No Longer in Mumbai's

Shadow

Now a home destination of 'choice',

Thane has gone beyond the previous

perception of being in Mumbai's

shadow. The real estate offerings in

Thane have catapulted it in to becoming

the ideal residential destination - it is

truly, the 'supermarket' of residential

options, spanning across budgets and

locations.

Value for Money

Buying a home in Thane is cost effective

- easier on your wallet, both in terms of

the actual cost vis-a-vis similar projects

in suburban Mumbai or in terms of

monthly maintenance charges, which

are also lower in comparison. Easy

the MMR during the last quarter

2009 an eight of all homes sold acr

the MMR were in Thane. That's a la

enough chunk to give Thane the sta

of a 'happening' residential rea

destination.

Thane PROPERTY 2010

The most trusted and preferred hom

property exhibition celebrates its ten

edition. It is auspicious ocassion

Thane MCHI, and the exhibiti

promises to be a win ner, all the way!

Your Dream HomeWill you be the next home buyer

Thane? Will it be your 'dream hom

that becomes a reality in Than

Hopefully, Thane PROPERTY 2010

the 'one stop shop' which will ma

your dream home come true. Tha

MCHI as also the 'Thane Property 20

Exhibition Team wish you the very bes

availability of home finance options

makes it easier to become a reality. A

Thane home is truly, value for money!

Nature's Paradise

Over the years, Thane has achieved

fame as the 'City of Lakes'. It has the

Yeoor Hills in the west and the creek in

the east, with the city situated in

between, providing a p icturesque locale

to call 'home'. In t he monsoon, Thane's

green cover takes on a verdant hue,

giving it the appearance of being a

residential destination right out of a

fairy-tale.

Its' official . . .

At the launch of the real estate

sensiti vit y index, Liases Foras CEO

Pankaj Kapoor quant i f i ed the

percentage of homes sold in Thane vis-

a-vis the entire Mumbai Metropolitan

Region: Thane accounted for 12.5 per

cent of all residential real estate sold in

Dream Homesbecome a Reality...in Thane

Major Locations

Ghodbunder Road

Kolshet

Pokhran II

Pokhran I

Balkum

Wagle Estate

Thane City

8/3/2019 Theme - Report 2010

5/8

Some of Thane's major residential locations

are as follows:

Old Thane City:

This is where the

foundation of Thane asa city was laid, and to

his day, it enjoys prime

position in t erms of real

estate pricing you will

f i nd some o f t he

highest-priced realty in Thane located here. In terms of

its realty mix, this locale has a dominance of old

residential buildings, industrial estates, commercial

complexes, high-street retail and hotels, and is spread

over various location like Kopri Colony, Panchpakhadi,

Khopat, Eastern Express Highway.

This locale is all set for some major redevelopment

projects, and most of the existing old societies are in

line for re-development.

It is typically a commercial area with a few residential

projects that are among the most expensive available in

Thane. Any good project coming up in these locations

fetches a good price because of proximity to the

commercial centre, the railway station as also the

demand / supply factor.

Pokhran I & II: This is the equivalent of Thane's

location, far away from noise and air pollution.

Located 5 kms from Thane station, it enjoys proximity

to schools, hospitals, retail and shopping malls and

entertainment. Offering easy access to Old Bhiwandi

Road, New Nashik By-pass, Eastern Express Highway

and the Ghodbunder Road, it offers a good option for

home buyers.

Balkum:Perpendicular to Ghodbunder Road on theThane end and extending towards the Nashik By-pass,

Balkum is located 4 kms from Thane railway station.This stretch is expected to be the next residential hub

after Ghodbunder Road. It has the presence of high-

end residential and township projects by big

developers.

Nashik By-pass: This is a stretch that begins fromKapurbawdi ,

where Lodha

and Rustomjee

have upcoming

projects. From

the Toll Naka,

towards Kalyan/

Bhiwandi, vast

tracts of open land is set to become the New Thane,and home seekers will find this the ideal future

residential hub .

Green Zone, due to its proximity to Yeoor Hills and its

abundant greenery as also Upvan Lake. In terms of

residential, t his locale commands a premium. Pokhran I

& II are situated 3.4 and 4.8 kms from Thane railway

station and were known as the 'base' for reputed

companies like Raymond, Glaxo, Cadbury's etc.

Projects in Pokhran have a good demand, especially for

premium residential. Among its 'positives' are close

proximity to Schools, Hospitals, Shopping and other

recreational activities. Complexes like Siddhachal,

Hiranandani Meadows are a home for upper higher

income groups.

Kolshet: If Thane has been the location where

industrial usage gave way to residential, Kolshet Road

is the 'poster boy' of this major shift: from Industries to

Residential complexes. Kolshet is a serene green

Ghodbunder Road: Better known as the neurban face of Thane, Ghodbunder Road is a new 'c

within a city' that is evolving in Thane. Regarded as t

fastest-growing belt, Ghodbunder Road offe

residential townships, commercial bui lding

educational institut es, shopping and restaurants.

It is a major link, connecting the Eastern Expre

Highway and Western Express Highway. TMC a

MMRDA have started the construction of flyovers

the Ghodbunder Road at Majiwade, Waghbil Na

and Near Hiranandani Estates. These flyovers wou

ease traffic congestions on t he road.

In theory, you can get a home in Thane - anywhere and everywhere

subject to issues like its cost and whether it suits your requirement.That's the theory. From a home seeker's perspective, some locations

are perceived to be 'hot' and 'happening'. This can be a factor of high

demand for homes in that area, or simply a matter of customer

preference. Either way, these are some of the 'hot' and 'happening'

locations

The residential hot-spotsof Thane

Off NasikHighway

Kolshet

Balkum

Pokhran I

Expected future development location

8/3/2019 Theme - Report 2010

6/8

Project Developer Location Segment Conf igurat ion

Aristo

Glade

ORION

Trebecca

Tropical Lagoon

Cosmos Horizon

Sparta

Home Town

Fiama Residency

Marigold, Siddeshwar Gardens

The Residency

Rosabella

Vihang Hills

Imperial Square

Lodha

Sheth Developers

Vijay Group

Hiranandani

Soham

Cosmos group

Uma Corporation

Puranik

Kasam Developers

Shree Tirupati Group

Vijay Group

Sai Enterprise

Vihang Group of Companies

Square Feet

Balkum

E.E.Highway

Ghodbunder Road

Ghodbunder Road

Ghodbunder Road

Pokhran II

Ghodbunder Road

Ghodbunder Road

Ghodbunder Road

Kolshet

Ghodbunder Road

Ghodbunder Road

Ghodbunder Road

Ghodbunder Road

Luxury

Luxury

Luxury

Luxury

Mid size

Mid size

Mid size

Mid size

Mid size

Mid size

Mid size

Mid size

Mid size

Economy

5 BHK

3 BHK

3 / 4 BHK

3 BHK

2 / 3 BHK

2 / 3 BHK

E2 / 2 / E3 BHK

1 / E2 / 2 BHK

1 / 2 BHK

2 / 3 BHK

3 BHK

2 / 3 BHK

1 / 2 BHK

1BHK

New Projects in Q1 2010

It helps to get a bird's eye view, or get a break-up in graphic format: it helps one

better understand the market scenario. The Research Desk at Theme Realty

Services have created this simple to understand graphic interface, and we hope it

makes your task of understanding Thane that much easier.

Thane, de-mystified for home seekers

Some of Thane's major residential protects launched recently, and price trends over the past year.

Infrastructure

Availability of new projects

Presence of Organized Retail

Complex Amenities

Availability of Comm. Projects

City Pokhran I & II Kolshet G.B.Road Balkum

Good Above Average Average Below AverageCategories

Location Preferences Index

Price comparisons

Key Locations

Thane City

Balkum

Pokhran I

Pokhran II

Kolshet

Ghodbunder Rd

Prices in 2 009

INR4,200 - 6,500

INR3,500 - 4,500

INR3,500 - 4,500

INR4,200 - 6,500

INR3,000 - 4,000

INR2,500 - 6,500

Prices in 2 010

INR7,500 - 10,000

INR4,500 - 6,000

INR4,500 - 5,500

INR5,000 - 8,000

INR4,500 - 5,000

INR3,500 - 6,500

Apt. Type

1 BHK

2 BHK

E3 BHK

3BHK

4BHK

Total Unit s

600

2119

408

470

60

Tot al Sq.Ft.

3.65 lacs

18.95 lacs

4.55 lacs

7.13 lacs

0.91 lacs

Avg. Size

608

895

1118

1518

1533

Flats for posession in 2010

1 BHK - 16%

2 BHK - 58%

E3 BHK - 11%

3 BHK - 13%

4 BHK - 2%

Supply Graph -

Flat for possession in 2010

What makes a city truly vibrant? In Thane's case, it is simply the 'lifestyle'. Startin

out as a typical middle class residential destination on Mumbai's outskirts, wit

stand-alone 'plain vanilla' buildings, it witnessed change with improve

infrastructure and new projects that offered lifestyle-plus homes. This change

also reflected in the new resident profile, which reflects a new, vibrant Thane.

Thane: Current Market Trends

What makes Thane an ideal location t o buy a h ome? It begins

with a combination: latest amenities, world-class facilities, a

wide choice across different projects in lo cations and some of

the most 'value for money' homes. As a result, Thane's

property rate gr aph has been moving northw ards since mid-

2009, and the capital values are estimated by Theme Realty

Services to be up by almost 25 30 per cent.

Buyers show higher interest

Going by records across the past three quarters, there has

been a gradual increase in number of homes bought in

Thane. Apart from the normal buying trends, pent-up

demand for a segment of residences, which was seen to be

on hold due to the previous market conditions, has a

started opening up.

Fence sitters turn buyers

A potential buyer, who has his finances worked out, h

selected a project but does not go ahead and actually 'b

is termed a 'fence sitter'. Apart from the normal buye

Thane has also seen a large quantum of 'fence sitters' acro

the past three quarters, and going into the first quarter

fiscal 2010-11, th e 'fence sitters' are moving into b eing act

buyers. They seem to have gained confidence to put mon

into real estate, especially given the improving mark

conditions.

8/3/2019 Theme - Report 2010

7/8

Home loans

A crucial role in stabilising sales has been played by home

loans. Various schemes have been introduced by banks and

financial institutio ns across the past few mont hs, which have

attracted home b uyers.

Product Mi x

Theme Realty Services finds that developers are coming up

with 3 / 4 & even 5 BHK flats, while major demand is still

registered for 1 / 1.5 & 2 BHK flats. The last three quarters

have seen major demand for middle income projects, which

have been selling like hot cakes.

From budget t o premium realty

From a country-cousin of Mumbai to a selfsufficient, full-

fledged global city, Thane has indeed, come a long way. With

better infrastructure and connectivity, Thane has now

matured into a location where one could think of high-end

luxury apartments with world class specification and

amenities.

Key central suburb

With infrastructure developments happening at rapid pace,

Thane has now become a key central suburb. Thane is an

ideal alternative for people to come and live in since it has a

city like cosmopolitan feel to it. Thane's huge under-

developed land and scenic beauty has not missed the

attention of ho me seekers.

Huge potential

The Ghodbunder Road locale has huge potential for real

estate development. Not only does it link Mumbai and

Thane, the area provides excellent opportunity to construct

residential complexes at economical rates. Besides, it is

covered with lush greenery and natural beauty and hence,

also offers scope for construction of bungalow plots and

luxury homes preferred by higher middle class and upperstrata of society. Thane has certainly become a matured

destination with a very

strong social infrastructure,

t rad i t i on , cu l tu re and

heritage.

Price Point

The most important factor

for this is the price point,

given that Thane is still do minated by Midd le Income Groups

when it comes to majority of end users in the market, barring

a few pockets like Hiranandani Estates, Hiranandani

Meadows and Siddhachal, which are perceived to be a base

for Upper Mi ddle class / Business class buyers.

If one were to ask for one word that defines the changed Thane from days of old, it

would have to be 'infrastructure'. And, if one were to ask for the one thing that will

re-define Thane in the future, here too the answer is the same. From better roads

and flyovers to multi-modal connectivity that links rail and road through the

monorail, from basic issues like water and sewage to life-style enhancements,

Thane's success story is truly scripted through infrastructure development

Scripting a success story,the Infrastructure way

Monorail Network

A Monorail Network covering 42 km has been proposed

three phases. In the first phase, the connectivity would

between Balkum and Kolshet via Naupada. It will be 16.

km long with 14.65 km elevated, and only 1.4 km on t

surface, and 11 stations in all.

City of choice

From a time when it was seen as Mumbai's 'sister city', Tha

has emerged to be a global standard r esidential destinatio

a city of choice, th anks to infrastructure and this has play

a major role in the appreciation in values of premiu

segment homes. Industry pundits say they would not

surprised to see the prices moving upwards - h omes costi

above Rs 10,000 per sq ft would not be just in Old Than

this might become an integral part of Thane's residential r

estate scene, as we go into 2010.

New launches during Thane Property 2010

Jitendra Mehta of Thane MCHI mentions the new proje

which are in the pipeline, all set for what the 'grand launc

at the Thane MCHI Property 2010 exhibition. Given Than

infrastructure and the way its grown, for home seekers,

might just be the best possible option. The new launches

THANEPROPERTY 2010 co uld t urn ou t to be among t he b

options, given that Thane offers a clean, green environme

in a 'value for money' range of options. Given the sort of ne

project offerings open for bookings during the Thane MC

Property 2010, it should be obvious that families will fitheir dream premium homes becoming a reality in Thane.

Premium @ Ghodbun der Road

Over the years, Thane has matured as a preferred high-prof

residential destination. The choices available in projects a

Real Estate brands a buyer can find in Thane are much mo

than other upcoming Cities. With the existing and t

planned infrastructure on the Eastern Express Highway a

Ghodbunder Road one can easily connect to all the parts

Mumbai and Suburban Mumbai. Major developments in t

HIG segment like the Hiranadani Meadows & Estat

projects by the Sheth

Group, Rustomjee's

Urbania, projects by

Lodha, Dosti Group,

Vijay Group and the

R o s a G ro u p w i l ldefinitely please the

high-profile segment

buyer, looking for

nature along with luxury. Looking at the pace at which t

developments are taking place, Ghodbunder Road, v

soon, will be the preferred choice - even for the high-prof

segment.

Second Homes

Thane the district, not just the city - has witnessed a

growing segment o f bu yers comprising those seeking second

homes that are not too far from Mumbai. After putting in

long weekdays at the office, there is a desire to get away

from the hustle-bustle of the city and spend the weekend

amidst tranquillit y and greenery.

Since work pressures

make it difficult to

take a long break,

most people havebegun to prefer

second homes that

are a short distance

away from the city,

involving a drive of

just a few hours. It is

this segment that is

said to be driving the demand higher end projects in Thane

to a major extent.

Looking for an upgrade

The segment of people who are looking at Thane for an

'upgrade' is also on the rise. Their basic criteria are a place

with large spaces, surrounded by lush foliage, with a

peaceful ambience. Thane has a wide array of options

ranging from one-bedroom flats to penthouses. This again

makes it a favourite p lace for joint families, as there is scope

for family members to buy an independent house close by

once they get married.

Across Thane, while there are 'preferred locations', a number

of peripheral locations are also witnessing extensive

development and large township pro jects.

Rail hu b

Thane has good connectivity to the neighbouring areas

through the Central Railway network. Thane has gained more

importance in terms of railway connectivity to Navi Mumbai

due to the Thane-Vashi and Thane -Panvel local train line.

This year, fast trains have also started between Thane and

Panvel. Almost all trains going to Konkan Railway from

Mumbai halt at Thane.

SATIS

The Station Area Traffic Improvement Scheme (SATIS) project

at Thane railway station is already functional, with the two

flyovers on either side of the station having opened up for

public use.

This mega project is perhaps, one of the Thane Municipal

Corporation (TMC)'s biggest dreams and with this dream

slowly becoming a reality, life will become even easier for

Thaneites.

The 'City Of Lakes' is now well and truly a residential hub

which has great infrastructure with excellent connectivity to

all parts of Mumbai and its peripheral areas. From a home

seeker's perspective, Thane is an ideal residential destination,

given great rail and road connectivity to South Mumbai,

Central Suburbs, Navi Mumbai as well as the Kalyan-Dombivli

belt. Even the western suburb s can be quickly accessed by

road.

Families that grow

Thane has also attracted a large number of young-aged

buyers for its connectivity. After all, while they desire their

independence, there is also a need to qui ckly reach the house

of bot h sets of parents, which makes Thane an ideal location.

Value-for-money residential destination

Thane has a well-established image as a value-for-money

residential destination and it is this segment of buyers that

continues to fuel the demand for homes there. At the same

time, luxurious bungalow projects and large apartments have

also found t akers.

8/3/2019 Theme - Report 2010

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