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How Would The Metro Project In Thane Impact The Real Estate Sector?

March 25, 2020 | Silky Malhotra

How Would The Metro Project In Thane Impact The Real Estate Sector?

The real estate sector of Thane, which has been growing well in recent years got an extra boost with the announcement of the proposed Metro project. Esteemed developers have been developing more and more homes in Thane, especially close to the route of the metro. Investments have also shown an increase, with more and more homebuyers choosing Thane as their residential destination. This is because the metro would greatly boost connectivity, a prime factor on which real estate depends. The metro line, which would run 29 Kms long, has already been cleared by the state cabinet.

Thane is heavily populated, which is one of the reasons behind the booming real estate sector. The metro route would ease up the commute by lowering congestion. Comprising of 22 stations, this route would connect several important parts of Thane. It is expected that 5.76 lakh people would use the metro daily, once the whole project is completed and commissioned. The route will also help to connect Thane to the nearby localities such as Bhiwandi, Kalyan, etc. This is a major advantage for the commercial sector. All these regions and Thane itself are prime hubs of commercial and industrial activities.

The improvement of connectivity would attract more people to Thane as they can now enjoy a wider range of employment and business opportunities. It is expected that more and more people will move here attracted by the prospects, and this would make the properties profitable for investors. The project may be considered eco-friendly as it is being constructed with space for over 10 lakhsolar panels. The city has seen a number of infrastructural developments which has led to an increase in demand for property in the area.

Rajesh Raj Tattva

This residential project in Thane offers sophisticated 2 BHK and 3 BHK apartments for sale. Priced between INR 1.93 crore and INR 3.34 crore, these flats have been integrated into 5 towers of 29 stories each. The complex offers a wide plethora of amenities such as Wi-Fi connectivity, clubhouse, gym, swimming pool, etc. This would help one stay active and engaged in the free time. The residents would always be safe, protected by 3-tier security. Whether you need it for commercial or personal purpose, an apartment in Rajesh Raj Tattva is worth your money.

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