by Rajesh Mourya
In the last few years, Thane has shown implausible growth and is rapidly moving up to becoming one of the most influential and thriving suburbs of Mumbai. Thane’s growth has been exemplary in all regards. Before known for its ill-built roads, the famine of facilities, and opportunities, Thane has now become a hotbed for real estate investors clamouring to open up new projects in Thane. With one of the largest malls in India situated here, and other massive projects in the tube, however, with all kinds of investments, proper caution should be trained before taking the plunge and purchasing the property.
Here’s what you should keep in mind by purchasing a house in Thane
1. Location
Most of Thane’s growth and affluence can be linked to the significance of the Ghodbunder Road which has now become the 20 km long stretch that joins the Western and Eastern expressways. This has made contact with the rest of the city very comfortable. Flats in Thane situated near this elasticity have a supreme locational advantage that cuts their owner’s travel time significantly. Make sure that the stuff that you are investing in is taking advantage of these recent growths. Not just that, evaluating your daily travel time to and from your office before acquiring the flat as the locational advantage is key if you want to get future earnings on your investment.
2. Amenities
We are all well aware of the skyrocketing real estate costs in Mumbai and its surrounding regions, including Thane. Make certain that the property you purchase includes certain built-in facilities. For instance, the well-planned Thane township Raunak Maximum City features opulent amenities and services on its grounds. This property offers a comprehensive spa, a state-of-the-art gym, a swimming pool, a tennis court, a contemporary business centre, a children’s playroom, and a small theatre. Residents who yearn for rich vegetation and natural vistas can stroll around their lush garden, look up at the night sky from the Stargazing terrace, or host guests for a warm outdoor meal. These amenities actually justify the soaring costs of your home so be sure that these are available within the property.
3. Builder’s Reputation
One of the prime reasons why believing a reputed real estate developer makes sense as they have enough patterns to prove their mettle. A reputed real estate developer will have rave and trusted reviews from scores of home-buyers who have taken the drop and bought homes in their property. Since real estate developers have well-recognized standards, good returns on investment, and lower defaults, banks would be more willing to offer loans for these projects as these projects are known to be sound financial investments with substantial projected returns. When you buy a property from a reputed real estate developer with guaranteed quality, you increase your chances of getting a huge return on your investments. Real-Estate developers often build properties keeping in mind numerous locational advantages that might help you accumulate higher returns later.
4. Pricing
Make sure that you get worth the price. Frequently inflated prices have little to show for their justification, so it is guided you make a relative analysis of different price points. It is also important to estimate that Thane is still growing and that the prices are predicted to soar in the coming years. Thane is an imposing district that has shown rapid growth in the last couple of years, with a lunar rise in real estate, commercial and residential projects in Thane, with more well-organized connectivity and transport. It is a fast-growing city that will show a sharp rise in the value of property in Thane as is evident in the dynamic changes in real estate development in Thane. Ghodbunder Road which was before very secluded is now prime real estate as it connects eastern and western expressways.
5. Security
The building should be manned and secured around the clock. Since the safety and privacy of your family come first, one of the most important criteria for determining a property’s quality is security. Ensure that the units are equipped with cutting-edge security tools, including a computerised home security system. Since gated communities and townships like Raunak Maximum City are becoming more popular, safety must be given first attention when planning these developments. Considerations like effective CCTV monitoring, round-the-clock security, and high-tech home security systems are crucial when buying a house.