Thane, a suburb of Mumbai, has emerged as one of the most promising real estate markets for investments in recent years. With property prices rising steadily and infrastructure development picking up pace, Thane offers attractive investment opportunities, especially for 2 BHK apartments. In this blog, we take a closer look at the prospects of investing in 2 BHK in Thane.
Overview of Thane Real Estate Market
Over the past decade, Thane has developed into an attractive residential and commercial hub, providing an affordable alternative to Mumbai. With property prices and rentals being nearly 40-50% cheaper compared to Mumbai, demand for apartments in Thane has surged substantially. The city boasts excellent connectivity via roads and local trains and lies in close proximity to major employment hubs like Bandra-Kurla Complex and Andheri. Thane’s social infrastructure involving schools, hospitals, malls and entertainment options has also improved considerably.
With rapid urbanisation and infrastructure upgrades underway, real estate experts predict that capital appreciation for Thane properties will be around 6-8% in coming years. Thane’s relatively affordable property prices, expanding metro network, and upcoming big-ticket infra projects like Trans Harbour Link make it one of the hottest real estate investment destinations today.
Why 2 BHK in Thane Make Good Investment Options
Compared to smaller 1 BHKs or larger 3 BHKs, 2 BHK apartments in Thane provide an optimal combination of space and affordability. Here’s what makes 2 BHK the most practical and lucrative bet for real estate investors:
Higher demand – 2 BHKs attract the widest range of buyers, including newlyweds, small families, investors and even end-users looking to upgrade from 1 BHKs. This accounts for higher absorption rates, quicker sales and limited unsold inventory.
Optimal space – At 600 – 850 sq ft carpet area, 2 BHKs provide adequate space for a small family. The size also makes them easier to rent out in the future.
Value for money – In most projects, 2 BHKs are priced attractively compared to 3 BHKs on a per sq ft basis. This allows investors to maximise returns on their capital.
Healthy rental yields – 2 BHKs fetch rentals in the range of Rs 12,000 – Rs 18,000 per month in most areas of Thane. The healthy rental yields they offer make them profitable from an investment perspective.
While scouting for 2 BHK in Thane, some of the top localities to zero in on are:
Ghodbunder Road – Offering excellent road connectivity to Mumbai and proximity to offices, malls and hospitals, it is one of the most sought after areas in Thane. 2 BHKs here cost between Rs 90 lakhs to Rs 1.3 crores.
Pokhran Road – Well-connected to Eastern Express Highway and Mumbai, Pokhran Road offers budget options for 2 BHKs priced at Rs 60 – 90 lakhs. Rentals range from Rs 15,000 – Rs 22,000 per month.
Majiwada – One of the most affordable markets in central Thane, Majiwada has 2 BHKs in the Rs 50 – 70 lakh budget. Proximity to stations and amenities adds to its rental demand.
Hiranandani Estate – A premium integrated township, Hiranandani offers luxury 2 BHKs in the Rs 1.2 – 2 crore price segment. Rentals are lucrative but capital appreciation is slower.
Waghbil – Emerging as a hotspot for value homebuyers, Waghbil has numerous projects with 2 BHKs in the Rs 60 – 80 lakh range. Located off Ghodbunder Road, it enjoys good connectivity.
Conclusion
In the thriving real estate market of Thane, 2 BHK apartments present an attractive proposition for end-users as well as investors. Their space optimisation, affordability and healthy rental yields provide an ideal mix of livability and investment viability. For buyers looking to capitalise on Thane’s growth story, 2 BHKs in the right budget and location would be a smart choice. Factoring in the major infra upgrades planned for Thane, investing in the suburb’s residential market at this juncture may prove highly rewarding over the long term.