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5 Reasons Behind the Surge in Properties in Bhiwandi, Thane

Bhiwandi, Thane

With the highest concentration of power looms in India, Bhiwandi has earned the nickname “the Manchester of India.” Bhiwandi in Thane is a rapidly growing urban residential hub in the Mumbai Metropolitan Region of Maharashtra. Thanks to its strategic location and access to modern infrastructure, Bhiwandi in Thane has become a popular destination for modern urban living projects. So, for anyone planning on buying a property in Maharashtra, having a look at Thane 2 BHK flat price would be a great idea. But before that, let us learn as to how the demand for real estate has increased in Bhiwandi, Thane, in the past few years: 

Proximity to Major Regions in Maharashtra

The region has emerged as a highly sought-after destination in Maharashtra owing to its proximity and easy access to developed areas such as Mumbai Central, Thane, Kalyan, Vasai, Wada, and Borivilli. In addition, it also enjoys easy connectivity to other major cities like Nashik, Shirdi, Aurangabad, and Pune.

Moreover, Bhiwandi boasts easy access to intercity roads and national highways. And its excellent connectivity and range of urban lifestyle options have helped it secure a prominent position in the Urban Development Program of Maharashtra. Owing to this, the region has witnessed a whopping 25.3% appreciation in property rates in the last year. 

Logistics Hub

Bhiwandi has emerged as a thriving hub for logistics and warehousing due to several factors. Some of the major aspects include its connectivity to Thane and Mumbai, the availability of large land parcels, and government initiatives. 

While farming was the primary occupation of the region’s residents for generations, rapid urbanization and increasing land costs led to most landowners leasing their land for warehouse construction to earn better returns on investment. 

The industrial status rendered to the region also played a critical role, making it easier for investors to obtain long-term loans for building logistics centers and warehouses. The growth of manufacturing units already located in Bhiwandi was further boosted by the newly set up warehouses.

Employment Opportunities 

Known as the textile and logistics hub of Maharashtra, Bhiwandi has a high demand for residential properties in its real estate market. The area is witnessing a steady rise in real estate prospects as the region is one of the prominent industrial belts located near Thane. This makes it an attractive destination for local and out-of-town investors. This is a major driving force for employment opportunities for residents and migrants in Bhiwandi, which makes it a great residential hub for job seekers. 

Renowned Real Estate Developers

Bhiwandi has attracted several reputed and established real estate developers who have completed or initiated various residential projects in the area. So, you can come across an affordable Bhiwandi flat rate from a trustworthy developer and can fetch a steady rental income from it. Some of the leading real estates companies like Kalpataru, TATA Realty, and Arihant have entered the Bhiwandi real estate market. The area houses a number of notable residential projects like Shree Siddhivinayak, The Woodlands, and Silver Park Residency.

Top-Notch Social Infrastructure 

Leading a comfortable lifestyle in Bhiwandi is quite easy, thanks to its amazing social and infrastructural amenities. Bhiwandi boasts of several reputable schools, including NES English School, Balaji High School, and Saraswati High School. The city is also home to well-known hospitals such as Lifeline Hospital, Leela Hospital, and Kashinath Hospital, strategically located in prime areas. Shopping enthusiasts can indulge in a wholesome shopping experience at Korum Mall and Magnet Mall, which are popular malls in Bhiwandi.

Conclusion 

Bhiwandi has become a popular choice for both homebuyers and investors looking to tap into the growing potential of this region. With its strategic location and favorable economic conditions, Bhiwandi is expected to continue to witness a rise in demand for properties in the years to come.

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