Where to invest in India – The Walk – Thane- Mumbai
Where is Thane?
Thane is along the Eastern Expressway north of Mumbai, to the east of the Sanjay Gandhi National Park. It is strategically placed equal distance from the current Mumbai Airport and the new planned airport at Panvel.
Why invest in Thane?
Thane is strategically placed along Eastern Expressway and is currently priced cheaper than townships along the Western Expressway. This will soon change as there is more being developed on the eastern corridor, including the new proposed airport and the highly developing areas along the Mumbai Pune Expressway.
Thane is the most economically viable option for investments in and around Mumbai. There have been major infrastructure developments by the Thane Municipal Corporation (TMC or Thane Mahapalika) in recent years as well as another 17 current planned projects.
Thane is the “City of Lakes” with over 30 lakes, it is a nice change to congested and concrete central Mumbai. Thane has a population of over 1.3 million.
“Thane combines the best of both worlds – traditional and modern” – Niranjan Hiranandani, MD of Hiranandani Group.
His group have put their faith in Thane over the last 10 years, completing the Hiranandani Meadows township and now well underway on Hiranandani Estate.
Due to the growth of Thane, prices have risen from only 1500 INR per sq ft in 2006 to over 8000 INR per sq ft today, with projected growth to over 12000 INR in the next 3 years.
Opportunity : 1 BHK Apartment in the Walk, Hiranandani Estate, Thane
- Hiranandani are one of the most reputed builders, with a reputation for award winning quality.
- The Hiranandani Estate is a living township with a school ranked 7th in Mumbai as well as a new hospital.
- Currently 70 completed buildings with almost 20,000 people living in the township.
- Only 10% Deposit required
- 6 Months till next payment
- Upto 80% Loan available from HDFC bank.
- Starting from 69 Lakh INR , under £80k*
- Projected appreciation 30% by completion
Hiranandani brings a new idea in high street retail destination “THE WALK”. The concept will be the first of its kind retail destination to enter India through the gates of Hiranandani Estate, Thane.
The Walk by Hiranandani is a new launched project of Hiranandani Group at Hiranandani Estate – Thane.
This concept shall take care of lifestyle cum convenient retail in an elaborate manner. The buildings which have been launched in “THE WALK” are Castalia, Ventana and Fortuna.
The Walk is a new concept in India, where there will be around 200 branded shops with 6 buildings of 1 BHK.
THE WALK Sector will have podium gardens, water features, club House, Gymnasium, Children’s Play Area, jogging track and much more.
The project entails a development of Podium + 17 Storeys Tower.
Tentative Project Delivery: Feb – 2015.
Project Location: The Walk, Hiranandani Estate, Ghodbunder Road, Thane
*subject exchange rate, calculated on £:INR 87
For further information or FREE consultation on this project of other advice on investing in India, CALL today 07960 344 399
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Please read our Where to invest in India series: Jamnagar, Ahmedabad, Rajkot and why investing in India makes more sense than the UK