Thane and Mumbai are well known for providing a quality of life and seamless connectivity to people. However, you need to know how this place provides different living standards depending on different parameters. We have curated the parameters which impact the lifestyle and also the decision of buying a property in Thane or Mumbai.
Property Rates in Thane Vs Property Rates In Mumbai
Infrastructure- Thane Vs Mumbai
Thane
Over the past twenty years, Thane has undergone continuous development. Syntel, Clariant Chemicals, Wool Research Center, Navnit Motors, and many other companies work to keep Thane a key commercial hub.
Industrial and logistical centres, respectively, have emerged in Bhiwandi and Rabale. Thane provides jobs to around more than 60,000 people.
Many new infrastructure projects have started in Thane like Wadala Metro 4 line, New Flyovers, Thane- Borivali Underground Tunnel, and Waterways.
Mumbai
Mumbai has improved infrastructure and offers all the conveniences you want. The local train network is one of Mumbai’s most vital social infrastructure facilities. The average price per sq ft in Mumbai is Rs 17975.
There are many infrastructural developments going on in Mumbai like Mumbai Trans Harbour Link, Mumbai Coastal Road, Delhi Mumbai Industrial Corridor, etc.
The metro rail project will also undergo some changes to reduce commute time for the passengers.
Connectivity- Thane Vs Mumbai
Thane
Thane is already a developed city, hence, the connectivity facility is better comparatively. Better connectivity is one of the reasons why famous real estate developers have built residential projects and townships in Thane.
A few developments that have or are likely to provide Thane with the best connectivity are Thane–Borivali tunnel, Katai- Airoli Freeway, Thane Metro, Thane – Worli Ferry, and Bullet Train.
Through the JVLR, SCLR, Ghodbunder Road, NH 8, Mumbai-Nashik Highway, Eastern Freeway, and the Thane-Belapur Road, Thane has excellent access to Navi Mumbai as well as the Eastern and Western Suburbs of Mumbai.
Mumbai
A network of roadways connects Mumbai to the rest of India. Bandra-Worli Sea Link has the greatest road network.
To make commuting between Mumbai and Navi Mumbai easier, a new expressway has been opened.
Mumbai residents’ primary means of public transit is the electric rail lines, metro railways, and bus. There is also a ferry service available in some parts of Mumbai to connect the two places.
Real Estate Projects In Thane Vs Mumbai Comparison
There are many well-known developers in Thane and Mumbai who have provided their
Thane
Thane East
Thane has developed as one of the best well-balanced metropolitan cities in India. This is due to the presence of greenery on one side and an excellent industrial framework on the other side of the city.
In Thane, the average rate per sq ft ranges between Rs 8000 to Rs 25000
Thane West
A few popular developers who have developed their masterpieces in Thane are Lodha, Dosti, Piramal, Hiranandani, and Puraniks.
The projects which are always in demand like Lodha Amara, Piramal Vaikunth, Dosti West, Puraniks Unicorn, etc.
The seamless connectivity to Mumbai and Navi Mumbai has attracted many developers to invest in Thane because it provides a peaceful environment to live. Hence, there is always a demand for residential spaces in Thane.
Mumbai
Mumbai is one of the well-planned cities of India which provides a great balance between residential and commercial spaces.
In Mumbai, the average rate per sq ft ranges from Rs 9885 to Rs 73800. The price has increased by almost 20% this year.
There are many famous developers who have created famous projects here like Lodha Group, Wadhwa Group, Rustomjee Group, Godrej Group, etc.
A few of the famous projects in Mumbai are Lodha World View, Wadhwa Wise City, Rustomjee Paramount, Godrej Urban Park, Birla Niyaara, etc.
Mumbai offers a lot of opportunities for people to grow in their field, hence there is always a demand for residential properties for professionals. Hence, it offers different residential spaces for people.
Return On Investment- Thane Vs Mumbai
Thane
Thane has seen a property price hike during the previous year. The infrastructure of Thane is growing at a faster pace which has resulted in increasing the property price.
Real experts have stated that the property in Thane has enjoyed around 300% growth in the previous 5 years. Another reason for rising in property prices is the increased employment opportunity in that area.
Due to the increment in the social infrastructure, this area offers a great return on investment. Hence, it is beneficial to invest in Thane
Mumbai
Mumbai is well-known for its enormous employment opportunities.
Mumbai is known as the commercial hub of Maharashtra, hence, there are a lot of employment opportunities.
Infrastructures like Eastern Freeway and the Chembur to Wadala Monorail have made a seamless connectivity facility for the Mumbai people.
Due to the increase in redevelopment projects created by famous developers, luxury flats are available at affordable rates.
The increased social infrastructure development and seamless connectivity increase the property price increased by a minimum of 9% every year.
FAQs
| Q1: Which place is better to live Thane or Mumbai?
Ans: The choice depends on your preference. If you are looking for a bustling city life which has endless entertainment facilities, then Mumbai is the better place. However, if you love a peaceful environment with the option of low-cost social amenities, then Thane is the better place to live. |
| Q2: Which is the best place to live in Mumbai?
Ans: Few of the best places to live in Mumbai are Colaba, Worli, Juhu, Powai, Borivali, Kandivali, etc. |
| Q3: Is it worth investing in an apartment in Mumbai?
Ans: Yes, it is worth investing in an apartment in Mumbai because it provides endless employment opportunities, affordable residential places, and great connectivity. It is seen that every year the growth in property prices are minimum of 9%. |
| Q4: Is Thane a good place to invest?
Ans: Yes, the property rates have already increased by 7% and they will further increase after the completion of the metro line intersection. |
| Q5: Will Thane property rates increase?
Ans: Yes, the Thane property rates will increase and it is expected to increase by 8.25%. |
