Thane sat­is­fy­ing the hous­ing de­mand in Mumbai

Accommodation Times - - Feature - By Nikita Parekh niki­ta­parekh@ac­com­mo­da­tion­times.com

With such types of in­fra­struc­ture and ser­vices, in­te­grated town­ships will un­doubt­edly de­velop the cities across In­dia in more eq­ui­table and uni­form man­ner, solv­ing the coun­try’s ma­jor ur­ban prob­lems such as bad roads, traf­fic con­ges­tions, in­ad­e­quate wa­ter and power sup­ply and poor san­i­ta­tion sys­tem. In Mumbai most of the town­ships are planned in the ex­ter­nal parts of the city like Thane, Navi Mumbai, Kalyan, Dom­bivali, as th­ese lo­ca­tions pro­vide am­ple spa­ces with lust green­ery at af­ford­able prices. De­vel­op­ers de­sire to con­struct town­ships in such lo­ca­tion so that they can pro­vide their buy­ers af­ford­abil­ity with luxury and with all ameni­ties. An in­te­grated town­ship has com­prises of ev­ery­thing un­der one roof i.e. it has res­i­dences, Gar­dens, Play Park, school, Hos­pi­tals, Shop­ping Ar­cade, En­ter­tain­ment spa­ces, Restau­rants, com­mu­nity cen­tre, etc. The most im­por­tant thing in a town­ship is so­cial in­fra­struc­ture, good con­nec­tiv­ity, es­tate man­age­ment, busi­ness ar­cade an in­te­grated town­ship al­ways has this essen­tials. Mumbai has emerged as the only so­lace for the thou­sands of peo­ple living some­how in the city. Any other means to get a home within the ter­ri­tory is sim­ply out of the ques­tion for a ma­jor­ity of them be­cause of the enor­mous cap­i­tal val­ues of prime prop­er­ties in the city. The whop­ping ap­pre­ci­a­tion in the mar­ket val­ues of real es­tate in Mumbai has made some ar­eas costlier than for­eign coun­tries! Hence, it is the cheaper op­tions be­ing brought by the lat­est hous­ing projects from time to time that are keep­ing the hope of own­ing in­di­vid­ual homes alive for a ma­jor sec­tion of the pop­u­la­tion. Thus the ex­e­cu­tion of a hous­ing project in Mumbai is waited pas­sion­ately and is re­ceived whole­heart­edly. Since the lat­est hous­ing projects are planned tak­ing into ac­count the needs and in­come lev­els of the var­i­ous so­cial sec­tions, it has be­come con­ve­nient for a res­i­dent in the city to find a suit­able ac­commo- da­tion within his/her means. The types of houses, how­ever, vary ac­cord­ing to the na­ture of the project. While the ba­sic ameni­ties are found uni­ver­sally in all the hous­ing projects, some spe­cial fa­cil­i­ties, which have be­come a sym­bol of lav­ish and lux­u­ri­ous life­styles, are the bench­marks for the projects tar­get­ing at pre­mium cat­e­gory. Hence, the most re­cent hous­ing projects in Mumbai are ben­e­fit­ing all the cat­e­gories of peo­ple. Ac­cord­ing to the cen­sus Mumbai now houses al­most mil­lions of peo­ple which makes it In­dia’s most pop­u­lous city and the world’s sec­ond largest city. To com­pound the mas­sive an­nual in­ward migration of as­pir­ing the city is been burst­ing at the seams of in­fra­struc­ture is rocking and reel­ing. If we see the in­ner city the devel­op­ment has taken steep boost on avail­able land parcels any­more and those that are avail­able land parcels. We can see Mumbai’s res­i­den­tial and com­mer­cial prop­erty des­ti­na­tion as suf­fi­cient devel­op­ment. The city has been sat­u­rated with devel­op­ment, if we sin­gle out the spe­cific ar­eas in cen­tral and sub­urb we en­counter mas­sive devel­op­ment in ar­eas like Thane, Kalyan, Dom­bivali, Vikhroli, Ghatkopar, in cen­tral and Mira Road, Bhayen­der, Naigaon, Va­sai, Vi­rar in sub­urb or west­ern line. Out of all th­ese ar­eas Thane is one of the fastest grow­ing ar­eas of in­fra­struc­ture in Mumbai. Af­ford­able prop­erty rates and peace­ful en­vi­ron­ment is the rea­son for many peo­ple buy­ing prop­erty around this re­gion. The big­gest com­mer­cial com­plex, Res­i­den­tial apart­ments, lux­u­ri­ous town­ships are lo­cated on the Thane Mumbai. Thane is the prime lo­ca­tion of Mumbai where Builders and Real Es­tate De­vel­op­ers, on the other hand, are work­ing on var­i­ous res­i­den­tial projects to pro­vide all cat­e­gories of home seek­ers. Thane Project is one of the popular Res­i­den­tial De­vel­op­ments in Mumbai with many ex­cel­lent ameni­ties such as mys­ti­cal Land­scap­ing Gar­dens, Li­brary, Swim­ming Pool, Ten­nis Court, Jacuzzi, Fully equipped Gym­na­sium with world class equip­ments, Chil­dren’s Play Area, Mini theater etc. The cap­i­tal val­ues of prime prop­er­ties in Thane have in­creased sub­stan­tially since the process of Real Es­tate Devel­op­ment was be­gun by pri­vate de­vel­op­ers and hous­ing au­thor­i­ties. Prop­er­ties in Thane have at­tracted the at­ten­tion of prom­i­nent builders of the coun­try as well as Real Es­tate In­vestors “A place where early rays of sun­shine sprin­kle their first golden de­light”. A res­i­dence that takes you to the even greater heights of luxury, joy and peace.. In terms of ac­ces­si­bil­ity, the West­ern Ex­press High­way, S. V. Road and Link­ing Road along the west­ern line have made Mumbai’s west­ern sub­urbs very at­trac­tive to up­per mid-in­come home­buy­ers who are seek­ing a bet­ter life­style. In fact, the di­rect road con­nec­tiv­ity of­fered by the West­ern Ex­press High­way has caused Thane’s Ghod­bun­der Road to emerge as an ex­tended west­ern sub­ur­ban des­ti­na­tion. In the West­ern Sub­urbs, Malad and Gore­goan have been the ex­am­ples of des­ti­na­tion devel­op­ment in the past where de­vel­op­ers like Ra­heja and Oberoi have cre­ated a clus­ter of ex­cel­lent com­mer­cial of­fice, re­tail and res­i­den­tial projects. Sim­i­larly, the Versova-And­heri-Ghatkopar Metro will make lo­ca­tions along its route very lu­cra­tive for both com­mer­cial and res­i­den­tial space de­vel­op­ers. We the Mum­baikars in fu­ture will def­i­nitely see a bet­ter and Shang­hai like city.

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