THANE

HT Estates - - HTESTATES -

Thane, a mi­cro-mar­ket with a 7% con­tri­bu­tion to the under- con­struc­tion units in the MMR, wit­nessed its share in new launches inch up marginally from 7% in the first half of 2013 to 8% in the first half of 2014. A city of lakes, Thane has been de­vel­op­ing rapidly over the last decade on ac­count of its prox­im­ity to both Mum­bai and Navi Mum­bai. The ar­te­rial Ghod­bun­der Road has wit­nessed fre­netic res­i­den­tial de­vel­op­ment over the last decade. To ad­dress the in­creas­ing den­sity of ve­hic­u­lar traf­fic on this cru­cial con­nec­tor to the west­ern sub­urbs, the gov­ern­ment has de­vel­oped mul­ti­ple fly­overs along the stretch.

With qual­ity mall de­vel­op­ments and other so­cial in­fra­struc­ture for education and health de­vel­op­ing rapidly, the ap­peal of this mar­ket has in­creased sig­nif­i­cantly.

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