Real Estate Developers Are Builders Of The Nation

July 2024

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Mr. Jitendra Mehta, President, CREDAI-MCHI Thane

A vibrant real estate hub, with a wide range of options across price-points and budgets, Thane’s real estate scenario is asuccess story co-scripted by all stake holders, and We, as Real Estate Developers, stand strong as ‘Builders of the Nation’.

Thane is a vibrant real estate market, with a wide range of options across price-points and budgets. Real estate has played a major role in the economic growth of Thane, both residential as also commercial. In both, Thane offers a wide array of options. For the investor as also the end-user, Thane’s real estate offers good Returns on Investment, and price-wise, it has been a secure market. In the past few months, new phases in existing projects as also new launches have been consistent, as has been steady growth in sales, over the recent past.

Connectivity is the lifeline of any property hub’s growth story; and Thane’s real estate is a success story co-scripted by infrastructure projects over the years as also those under way. It is these infrastructure projects which have underlined the growth of Thane as a real estate hub. Among on-going projects, the Metro, water transport and the tunnels linking Thane with Borivali in the western suburbs are easily the three leading infrastructure projects which will make Thane a “future-ready” real estate destination.

Across Thane, investment options abound over different locations and across different segments. It is difficult to single out any one location; | would say that the entire city offers investment opportunities which vary on price-points. Thane real estate offers returns on investment which is among the best across the Mumbai Metropolitan Region. | would like to add here that Thane real estate is strong in not just residential but also commercial real estate, for both, end-use as also investment opportunities.

There has been a good response from home buyers to project launches in affordable, mid-priced range and luxury homes. This is because Thane, across different locations, offers housing to suit all budgets. Compared to other property hubs, Thane sees larger than expected sales in luxury homes, as also in what is a uniquely Thane-based segment: ‘affordable luxury’.

As a city, it is located just right, so you can connect across the MMR, Maharashtra and India. Secondly, it is a safe and secure city, with a rich cultural background. Thirdly, it is a real estate hub whose success is co-scripted by infrastructure growth. Last, real estate developers well organised, especially members of CREDAI-MCHI Thane, who follow norms and offer transparent transactions - all of these add up to being a win-win for home seekers who opt to make Thane their home.

As a city, Thane is a cultural centre which offers peaceful and tranquil spaces. Nestled amidst Mother Nature’s benevolence in form of Thane Creek, Ulhas River and the National Park, Thane is a city that is ‘future ready’ for home seekers with the on-going infrastructure projects making it truly Global.

The new growth areas in Thane include Shilphata, Kolshet and Ghodbunder Road, among others, where we are seeing high growth potential. Over Thane, this reflects the trends that a high-growth property hub shows, and we look forward to more locations across the City of Lakes becoming the next ‘hot and happening’ property hub of Thane.

The important thing this month is ‘BizNet Thane 3.0’, which is important for the growth of Thane’s real estate. Over the years, Thane has been at the forefront when it comes to adopting and assimilating new, cutting-edge technologies and product ranges/ service options which have ensured that the real estate created is done using Global Best Practices.

The economic changes and new age buyers have changed the paradigm, and home buyers are looking for Next-Gen homes — and Thane’s real estate development has aspirations of meeting these requirements. This was also reflected in the success of the PROPERTY 2024-THANE expo. BizNet Thane 3.0 will see service providers and product manufacturers co-ordinate and participate, and share what’s new in their specialized areas.

Strong credit growth, resilient financial markets, enhanced stability, reasonable pricing expectations, improved access to credit and the government’s continued thrust on capital spending and infrastructure creates a congenial environment for investment.

It is this positive sentiment which will help India and Thane’s real estate grow along the path to success. Thane has seen positive growth in the past fiscal, this one should be even better — the future is bright! .

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