Tenant-favourite areas in Thane

Propertypistol

The attractiveness of places neighbouring to Mumbai is due to their affordability.

Thane district, formerly a peaceful hamlet, has steadily grown, providing great connection to IT clusters, commercial parks, and the Mumbai city center. Moreover, Thane has become a prominent residential rental center in the Mumbai Metropolitan Region as a result of considerable building infrastructure in or around the city (MMR). So, if you’re seeking to rent a home in Thane, here’s a list of the best-rated neighbourhoods.

Ghodbunder Road, officially known as State Highway (SH) 42, runs between Ghodbunder and Majiwada, connecting the Western Express Highway and the Eastern Express Highway. The region’s rental housing desire is fuelled by the existence of IT, pharmaceutical, and cellular tower industries. The most affordable residential inventory is 1RK/BHK homes in gated communities, which rent for Rs 13,500-18,000 per month. Thane Railway Station is around 15 kilometers away, and the Chhatrapati Shivaji Maharaj International Airport is approximately 34 kilometers away.

  • Hiranandani Estate

Hiranandani Estate is a residential township located on 200 acres of land that is reachable by the Eastern Expressway Highway, Ghodbunder Road, Mumbai-Agra National Highway, and Bangalore-Mumbai Highway. The 2 BHK and 3 BHK flats predominate the offer quality. It is famous amongst tenants due to the close proximity of Hiranandani Business Park and Wagle Business Park, both of which are within 10 kilometers. The “availability of retail stores,” “renowned institutions,” and “leisure centres within walking distance” were cited as important pluses by residents.

Dombivli (East) is a Thane suburb with a combination of residential and business buildings. Monthly rents range from Rs 7,000 to Rs 15,500, based on the layout of the units. The Kalyan-Shilphata Road, National Highway (NH 4) and the Central Line of the Mumbai Suburban Railway connect major IT clusters in Mumbai, Navi Mumbai, Thane, and Airoli, driving rental demand. Maharashtra Industrial Development Corporation (MIDC) in Dombivli is also a prominent industrial centre in the region. “The forthcoming Metro Line 12, linking Kalyan and Taloja through Dombivli, and the MMRDA’s ambitions to develop a trading district akin to Bandra Kurla Complex (BKC) in Kalyan-Dombivli will only further enhance the rental market in Dombivli (East).

Saravali MIDC, Babosa Industrial Park, Dombivli MIDC, and Ambernath MIDC are just a few of the adjacent industrial locations that have a high demand for residential apartments in Kalyan West. Rentals for 1 BHK and 2 BHK layouts, which are the most plentiful, start at roughly Rs 8,500 and Rs 12,000 per month, respectively. The Central Line of the Mumbai Suburban Railway and the Mumbai-Agra Highway provide great connection to the area. Whereas the location has excellent road infrastructure, Ganesh Khamkar of Blue Diamond Properties claims that the forthcoming Thane-Bhiwandi-Kalyan Metro, which itself is slated to be completed by the end of 2022, will complement the train network, providing a hassle-free journey to Mumbai.

Kalwa, an industrial-commercial hub located along the Thane-Belapur Road, is popular among individuals commuting in Thane and Navi Mumbai. Around 10 kilometers of Kalwa are the Navi Mumbai business parks Millennium Business Park, Sigma IT Park, and Airoli Knowledge Park, which are boosting the area’s house prices. The most popular rental units are 1 BHK and 2 BHK units, with monthly fees ranging from Rs 11,000 to Rs 13,500 per month. The Pune-Mumbai Expressway, Kalwa-Belapur Road, and the Suburban Railway Network’s Kalwa Station connect Kalwa to various regions of Mumbai.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.

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