Thane, one of the most developed residential and commercial hubs in Mumbai has topped in property sales recorded for 12 months, which ended on 30th September last year. With 7755 residential units being sold during this period, Thane has displayed a 21% growth in property sales since the previous. On the other hand, Noida, which is also a major real estate market and is located at about the same distance from Delhi as Thane is from Mumbai, witnessed a fall in property sales. Even though Noida has a lot more apartments than Thane, it sold 1812 units lesser than the previous year.
If we try to look at the reason behind the difference in the situation of the real estate industry in these 2 residential hubs, we would notice that it is because Thane offers a number of things which Noida doesn’t. Thane comes with a much better infrastructure, with quick public transport facilities. Moreover, a larger variety of homes are available in Thane. Many developers have built affordable housing projects, which is something currently high in demand. Over a period of 20 years, the number of developers in Thane has increased from 2 to 42, which shows how much the real estate industry must have grown here.
Thane is a perfect residential destination for those seeking budget friendly or high-end homes in key locations and good civic infrastructure. Thanks to the various employment opportunities and business prospects, the apartments here are great for investment. The area is one of the most sought after in Mumbai with the demand for property increasing day by day.
Launched by Paradigm Realty, a reputed developer, Paradigm Zenith Price offers classy homes between INR 51.99 lakhs and INR 77.18 lakhs. The homes are quite spacious, offered in formats of 1 BHK and 2 BHK. The windows and balconies are quite wide, and positioned strategically to offer natural ventilation and beautiful views. A variety of amenities like the gym, swimming pool and the meditation centre would help one lead a fit and healthy lifestyle. You would love spending your leisure time in the grand clubhouse while your children can have fun in the playing area for kids. Buying a home here would be considered a good purchase.