Real estate news on Over 500 projects near Mumbai by end of 2015

Real Estate services, Residential Properties, Mumbai-Thane-Kalyan-beyond, Affordable Homes
Posted on May 29, 2015

Beyond Thane region is today flooded with a range of new residential projects offering buyers a wide gamut of options to choose from. As per Magicbricks data, there are currently more than 500 projects in Beyond Thane region which are available on sale. What make this news more interesting is that majority of the projects available in the sub-region are slated to be delivered by the end of 2015 while the rest of them have their delivery scheduled for 2016 and 2017.

Popular areas housing the properties

Popular localities such as Badalapur, Ambernath, Dombivli, Kalyan and Ambivli have some of the biggest projects of the metropolitan region being developed by prominent builders of the country. Moreover, these townships are not just spread over a large area but will have with amenities such as club houses, gymnasium and massive size playground for kids and recreational purposes.

A wide budget range to choose from

For those with a restricted budget, there are several medium-sized housing projects to select in these pockets. The demand for these properties is for the amenities being offered and also for its attractive pricing and schemes. In fact, some of the builders are using terms like ‘sundecks, ‘decorative entrance lobby, ‘branded fittings, etc. to lure first time home buyers as these terminologies are often used for defining luxury in Mumbai city.

What remains on top of the mind for Mumbai buyers is the neighbourhood as most of them are families with children. Hence, areas which are supposed to have more cosmopolitan make up are being preferred by young couples. “These days most of the queries are being driven by working class couples who want a family-like neighbourhood for their kids. Most popular localities remain the ones with gated communities offering a sustainable lifestyle to offer,” says Rajkiran Mhatre, one of the local property consultants in Thane.

Easy to track projects

As most of the projects are under-construction, buyers are deterring their buying decision because of usual delays and builders faults. However, now you can track the status of your project at Magicbricks.com by clicking this image.

Home buying is a serious decision and we expect with Magicbricks it would be a happy decision for you!

Surbhi Gupta is a part of the Magicbricks- Content & Research team and analyses industry trends and scenario.

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