Mumbai’s popular places Thane & Powai the most expensive real estate in the nation is found in Mumbai, the financial centre of India. Interestingly, Towns and micro markets that were previously regard as remote or second-home possibilities have suddenly climb up in the pecking order of preferences, along with being the most expensive cities to live in.

1. Mumbai’s Popular Places Thane & Powai
Introduction Mumbai’s Popular Places Thane & Powai
Mumbai’s popular places Thane & Powai the most expensive real estate in the
nation is found in Mumbai, the financial centre of India. Interestingly, Towns and
micro markets that were previously regard as remote or second-home
possibilities have suddenly climb up in the pecking order of preferences, along
with being the most expensive cities to live in.
The micro markets of Thane and Powai in the Mumbai Metropolitan Region
(MMR) are the best examples of this expansion in residential and commercial real
estate.
In the 1980s and even into the 1990s, Thane and Powai were despised. However,
real estate costs in both of these micro markets are currently at astronomical
levels. That is due to urban sprawl, which occurred as businesses relocated from
south Mumbai to other parts of the city as well as adjacent towns and small
marketplaces.
When south Mumbai was the centre of activity twenty or twenty-five years ago, I
would have laughed if someone had told me I would open an office in Thane or
Powai. Today’s situation, however, is the exact opposite. Companies’ justification
is question if they choose to establish themselves in south Mumbai. They are
question about why they chose south Mumbai over other areas, according to real
estate consultant Piyush Jani, who manages office buildings for businesses in
suburban Mumbai.
“Many residential and commercial projects in Thane have per-square-foot prices
that are comparable to those of numerous micro-markets in Mumbai, including
Borivali, Kandivali, Mulund, and Bhandup, among others. Why does this matter?
Thane has expanded, and the expansion has been far better than in many regions
of Mumbai, the speaker continue.
“The cause of this is urban sprawl, which is a result of saturation in part. Every
micro market eventually tends to give up because it can’t keep up with the

2. burgeoning areas in terms of offerings and infrastructure. This event might also
occur at some point in Thane and Powai. However, there is still time for that to
occur before fresh Competing regions enter the battle,” Jani continued.
Hiranandani Developers, who have residential, retail, and commercial properties
nearby, are well-known in the Powai micro-market. The Indian Institute of
Technology (IIT)-Bombay is one of the most prestigious universities in the nation
and is located in this micro market. Powai is home to a sizable number of
hospitals and schools. Deloitte Consulting, one of the biggest international
consulting businesses, is also situate in this micro market.
Thane, in contrast, is still evolving, even though it is thought to be a more vibrant
micro market in terms of tradition and culture than Powai. Thane is home to a
number of large corporations, has plenty of open space, and has a respectable
number of schools, colleges, and hospitals. When the reconstruction of historic
buildings starts in 10–12 years, both Thane and Powai will be significant markets
in the future, according to regional brokers.
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Mumbai’s popular places Thane & Powai : Connectivity
Thane has excellent train connections, including to Mulund and Thane stations,
among others. Those travelling on the Eastern and Western Motorways can reach
it with ease.
The forthcoming CST-Thane Metro-4 line, which will enable residents to commute
up and down, is anticipate to improve connection in the micro market. Apart from
those wishing to leave the city quickly and head to Gujarat, further into
Maharashtra, or even South India, Thane also has decent connectivity with other
MMR satellite towns.

3. “I realised that after COVID-19, work-from-home (WFH) and working from
anywhere would become the norm,” Said Deepak Sharma, an IT consultant who
relocated his office from Andheri to Thane for convenience of travel. Additionally,
I knew that my team wouldn’t be prepare to go from Thane to Andheri.
As a result, I relocated to Thane, where I also live. For the past year, I have been
walking to work. Greater connectivity will be offer by the forthcoming Metro,
which will enhance its appeal. After COVID-19, I genuinely believe that individuals
are maximising travel and utilising technology to the fullest extent to ensure
minimal travel,” he continue.
On the other side, Powai has limit access to Mumbai’s suburban local train
system, which handles over seven million passengers each day. Andheri, Vikhroli,
and Kanjurmarg are the closest suburban train stations.
However, Powai has good access to both the Western and Eastern Express
Highways via highways. The forthcoming Andheri-Vikhroli Metro Line 6, which will
travel through Powai, is anticipate to have a significant positive impact on this
micro market.
Price Of Flats In Thane & Powai
Developers are renting out 1, 2, 3, and 4 BHK apartments in both neighbourhoods
for a variety of prices, from Rs 10,000 per square foot to Rs 50,000 per square
foot. Thus, for Rs 30,000 to Rs 40,000 per month, one may easily rent a 2BHK flat
in Powai.
However, In Thane, it might be simple to get a 2BHK flat with facilities in a gated
community for under Rs 20,000 per month.
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