Thane – driving the real estate growth in MMR

Image for representation purpose only.

By Rochelle Chatterjee- Vice President, Residential Sales, Oberoi Realty

For long known as the distant cousin of Mumbai with a penchant for factories and industries, Thane has emerged as the most sought-after destination to reside in and build businesses in the Mumbai Metropolitan Region (MMR). With huge open spaces, the infrastructure supporting an urban lifestyle and biodiversity zones, Thane is being hailed as the next big megapolis. The Knight-Frank research report of 2018 identifies Thane and its surrounding areas (peripheral central suburbs) as a high-interest zone, due to its superbly executed residential developments, commercial establishments and organized infrastructure complemented with the lush green surrounding. With Thane already accounting for almost 20% of the total housing project launches in MMR in the last year.

Connectivity plays the pivotal role

For any suburb to rise to prominence, it has to be adequately connected to the main nerve centre of the city and has easy access to critical spaces like the railway station and the airport. Owing to the road network of JVLR, SCLR, Ghodbunder Road, Eastern Freeway, NH-8, Mumbai-Nashik Highway and the Thane-Belapur Road, Thane offers quick and easy commute to the island city. The central and harbour railway lines also offer convenience to the public and are an easy mode of transport. Additionally, with Thane finding a place in the Government’s Smart City Mission, many more projects – The Metro project, Kopri Railway Station, widening of Pokhran road 1 and 2, and the Mumbai-Nagpur Expressway – are now underway to supplement to the connectivity.

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