Investment is the best way to secure your future, and investing in real estate can give great profit in the long term. Real estate is considered the safest option to invest in India and provides the second largest employer after agriculture. When it comes to investing in real estate, Navi Mumbai and Thane are two preferred locations. Both Thane and Navi Mumbai are well-structured and developed with affordable and luxurious housing. But which one out of both should you consider the most? Let us compare the two locations from an investment perspective.
Investing in Thane:
Thane has undergone an enormous change recently. For Mumbai's central line commuters, it has become one of the most desirable places to acquire a home. Thane has been a preferred choice for real estate investments in Mumbai. Due to the numerous current projects by well-known and significant real estate tycoons, Thane real estate is of the highest calibre. Thane has been a part of the Mumbai metropolitan region and has its own municipal body since 1982. Thane also has good connectivity to Mumbai and other parts of the city.
For many Mumbai real estate developers, Thane has been a top city. Since there has been business development in Thane, apartments are more in demand. Commercial real estate is expanding in places like Wagle Estate, Kapurbawadi, Godhbunder Road, etc.
For Thane, the property price rise has been more gradual due to end-users rising preference for an urbanised town with city-like amenities. Data show real estate values have jumped up to seven per cent across localities in the past four years. The unending demand is concentrated in areas with developed infrastructure, such as Thane West or in affordable areas beyond Thane areas. The proposed Metro route to Thane from Central Mumbai areas would further boost property values in the area being intersected by the route.
Investing in Navi Mumbai:
Unlike other planned cities in Mumbai, Navi Mumbai is unique. A few advantages of buying real estate in Navi Mumbai include the well-designed infrastructure, big highways, and abundant natural landscapes. Navi Mumbai is home to row homes, luxury homes, 2 and 3 bedroom apartments, and more. Comparatively speaking, Navi Mumbai is less congested than any other Mumbai city. The city's excellent planning makes this possible. It is well connected to the Central and Western Railways. Since the Navi Mumbai International Airport launch, real estate values have gradually increased. The infrastructure in the city is impressive. The best illustration of a CIDCO-planned city is Navi Mumbai. There is a recognised Special Economic Zone in Navi Mumbai. It covers an area of 13,000 hectares. People now have the chance to create businesses or find many jobs there.
Navi Mumbai's real estate has steadily increased due to several new infrastructural projects that are close to completion. They include flyovers, the Trans Harbour Link Road, the Navi Mumbai Metro Rail, and the Navi Mumbai International Airport. As the demand for rental property increases, the region's business expansion likewise drives up property prices. Most of the investors in this area are from Mumbai, and while they are profiting from their investments, they prefer to rent apartments in the central city.
So, if you plan to buy flat in navi mumbai, make your choices keeping all these factors in mind. Investing in Mumbai real estate, Thane and Navi Mumbai both have their unique perks. Both sites offer some great benefits. You can choose the real estate you wish to invest in based on your needs, location preferences, and financial constraints!