By Kaizad Hateria, Brand Custodian & Chief Customer Delight Officer, Rustomjee Group
Thane was long considered to be Mumbai’s satellite city, but today it has grown in size and status to become a city of its own standing and most would agree that in terms of infrastructure it is surpassing Mumbai as well.
The ‘lake city’ of Thane is slowly but surely moving up – quite literally – as more and more high rise buildings are dotting the Thane landscape. The state government’s move to remove any cap on building height in Thane, in line with the Mumbai model, is now ensuring that Thane’s buildings are reaching for the sky. Of course, there are all the statuary precautions and clearances to be obtained to ensure that safety protocols are met. These include special highrise regulations such as access to fire vehicles, size and number of staircases, fire lifts, refuse chutes, parking spaces, air-conditioning and ventilation systems, exits, fire alarm systems and fire protection installations, wet risers, hose reels, etc.
Developers are more than willing to meet all the stipulations of the government as high rise buildings essentially mean that they can create modern architectural masterpieces which will become iconic landmarks and also present with the opportunity to build more apartments in the same land parcel. High rises also attract a different set of clientele who are looking for an elevated lifestyle and a great view, from a higher floor, which also offers a greater element of privacy, is high on their priority list.
Whether it is in Thane East or West, high rises and integrated townships are fast becoming the mainstay of the Thane real estate market. While places like Godhbunder Road do not have many land parcels left, areas like Majiwada, Kolshet and Kasarvadavali are proving to be good investment opportunities and several good projects are coming up in these areas.
Adding to the attraction of Thane as a residential destination of choice is the amazing infrastructure that is ensuring that Thane grows in a planned manner without the congestion of Mumbai The wide roads, flyovers, excellent road and rail connectivity are all achieved without compromising on the wealth of nature that Thane is blessed with. Numerous lakes, the Yeoor hills, all add their own charm even as Thane successfully navigates the middle path between high rise development and environmental consciousness.