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Between Thane and Navi Mumbai which region is better for investing in real estate?

March 28, 2020 | Silky Malhotra

Between Thane and Navi Mumbai which region is better for investing in real estate?

For decades, Mumbai has been a popular choice among the developers and homebuyers, making the city a major real estate hub. However, the large influx of migrants has led to the saturation of Mumbai, creating the need for expansion for further development. The focus gradually shifted to the nearby regions, among which Thane and Navi Mumbai are among the leading residential hubs in India now. Homebuyers might face a conflict between the 2 regions when choosing their dream home as both are quite good.

  • Thane: Thane has witnessed massive growth in the real estate sector in recent years. Project launches as well as sales have risen greatly. In fact, the absorption rate in the last 5 years, which is quite impressive. Many esteemed developers in India have picked Thane as their project site, which allows buyers to choose from more options. The administration and civic management in Thane are better as it has several wards. A major advantage is that the corporate sector here is well-established, offering excellent employment opportunities. Thane is one of the best places to invest, as the high demand for homes helps investors to earn high returns.
  • Navi Mumbai: Navi Mumbai, developed by CIDCO is one of the most well-planned cities in India. The region is well-connected to the major commercial hubs like Thane, Andheri, Kurla, etc. Navi Mumbai isn’t very crowded as the region is still under development and the demand for homes isn’t as high.

For now, Thane offers comparatively better infrastructure and commercial prospects than Navi Mumbai and is a better option for investors.

Puraniks Grand Central

Developed in Thane, Puraniks Grand Central is a sophisticated residential complex offering 1 BHK and 2 BHK apartments for sale. These homes have been from INR 62 lakhs to INR 1.04 lakhs and would be ready for possession in 2021. It comes with luxurious amenities such as clubhouse, swimming pool, gym, kids’ playing area and more. The apartments are spacious with grand interiors and large windows. The complex has everything that a home owner desires, which makes it one of the most desirable projects in the area. Whether you need it for personal or commercial purpose, buying a flat here is a decision you wouldn’t regret.

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