Real Estate Properties in Thane

Thane is a city in Maharashtra. It’s the administrative headquarters of a district called Thane, and resides in the Mumbai Metropolitan Region. The Thane creek, at the head of which the city lies, also characterizes its location. The creek starts at the Ulhas River and culminates in the Arabian Sea. The city has a part of its area on the mainland across the Thane creek, while the rest of it is located on the Salsette Island.

Thane is regarded as Mumbai’s elder sister, as a part of the Thane district, from Mulund to Sion, is given to Mumbai for the latter’s future development. It’s also popularly known as the Lake City, because it features as many as 35 lakes within its precincts. The Masunda Talao, also called Talao Pali, is among the most beautiful lakes in the city. Besides being a tourist attraction, the lakes are a source of water for both Thane and Mumbai.

Historically, Thane is a very important city. On 16 April 1854, it was the destination station for India’s first ever train, which had started its brief journey at Boribunder, today called Chhatrapati Shivaji Terminus, located in Mumbai. This ushered in the Railway Age in Asia.

Stats And Facts

• The population of Thane, as per the provisional reports of Census India 2011, is 18,18,872. The urban/metropolitan population, on the other hand, is 1,84,14,288
• The sex ratio in the city, according to the same reports, is 882 per 1000 males. The child sex ratio, on the other hand, is 900 per 1000 boys. Both these figures are below the national average
• The average literacy rate in Thane is quite impressive, at 91.36%
• Originally, Thane was called Sristhanaka, which translates as the place where Lord Ganpati resides
• Until the year 1739, when Marathas captured it, Thane was an important trading center
• The Thane creek, a river stream flowing from Ulhas River to the Arabian Sea, splits the city into two parts, which are connected by a rail bridge and two road bridges
• Thane is home to the Upvan Arts Festival, held at the picturesque 15-acre Upvan Lake area. Over 200 artists from across different fields get a platform to showcase their work and talent

Manufacturing Sector

• Thane has a large industrial base, with a significant part of the city acting as a home to both big and small industries
• The industrial areas in the city mostly host engineering, electrical, chemical, and textile industries
• Some of the prominent industrial areas are Wagle estate; Thane-Belapur road, or Trans Thane Creek; and Ghodbunder road
• The manufacturing sector still contributes about 40% of the total income earned by the Thane Municipal Corporation
• The major companies that have manufacturing units in Thane are Hindustan Petroleum Corporation Ltd., Glaxo, Cadbury’s, Nicholas Parimal, Clariant, and Vidyut Metallica

Connectivity

• The nearest airport to Thane is in Mumbai, called the Chhatrapati Shivaji International Airport. The distance is about 36 km, which is a drive that will anywhere from 45 to 75 min, depending on the traffic
• Thane is well connected with other major cities in India, as it’s a train station for many of the trains leaving Mumbai for other cities in different states. It’s also a major railway station of Mumbai Suburban Railway, and is well connected with the neighboring suburbs through the Central and Trans-Harbor Line Suburban railway network
• Thane is well connected to the entire suburban network by road. For example, it connects to Borivali through the 6-laned Ghodbunder road. Thane connects to the southern cities via NH 4, which runs from Mumbai to Chennai, connecting Pune and Bangalore on the way
• Bus service is available within the city, thanks to the several local, public players in operation, including Brihanmumbai Electric Supply and Transport (BEST), Thane Municipal Transport (TMT), and Navi Mumbai Municipal Transport (NMMT)

Thane Civic Administration

• Thane is one among the 15 tehsils in the Thane district. It’s also one of the 5 sub-divisions in the district, formed for administrative purposes
• The Collector, who is an IAS officer, heads the entire Thane district, and is therefore responsible for the city as well
• The municipal body in Thane is called Thane Municipal Corporation (TMC). The area under TMC has 65 electoral wards. The corporation has 130 elected representatives plus 5 nominated representatives
• The corporation also has 9 administrative wards called Prabhag Samittees

Thane Infrastructure

The infrastructure in Thane has been up to the mark, generally, but there is a lot of scope for development, considering that the population in the region is continuously increasing.

Road, rail, and air transport infrastructure is, of course, excellent. The expressways and the railway networks link the city to other major cities across India. As the vehicular population is rising at a rapid pace, city is planning development projects in terms of flyovers, bridges, and road widening.

When it comes to power, the city has just enough power capacity to meet the needs of its residents. The Thane Municipal Corporation (TMC) is, therefore, taking measures to achieve self-sufficiency in power. For example, TMC has made it mandatory for all buildings to install a solar water heating system.

All in all, there is a need for a sea of change in infrastructure development in Thane, and that aspect is being reflected in the measures taken by the TMC and the state government.

Infrastructure Projects

Thane Real Estate

• The realty sector in Thane is encouraging, as over an average of 50 new residential projects in Thane are being developed across the many localities in Thane
• The city is especially a dream destination for homebuyers, as apartments are available for sale in several different budget brackets
• With the tertiary sector now coming into its own in Thane, there is an increase in the need for, say, IT professionals. This is causing migration of people from other cities. Obviously, the developers are witnessing this trend and coming up with new commercial and residential ventures
• The gradual shift from manufacturing to the tertiary sector in Thane is causing many large industries to vacate large tracts of land. This is resulting in more and more space being available to real estate builders and developers for launching new projects in Thane
• Some of the prominent developers in the city are Hiranandani Group, Vijay Group, Lodha Group, Rustomjee, and DB Realty

Key Localities In Thane

Charges By Government Bodies

Property Registration

• • Stamp Duty: 6%
  • Registration Fee: 1% of the market value or agreement value, subject to a maximum of Rs. 30,000

Maharashtra State Electricity Distribution Company Limited (MSEDCL)

The Government of Maharashtra has made MSEDCL responsible for the distribution of electric power in the Municipal Corporation area, which includes the Thane Municipal Corporation (TMC).

Electricity is supplied in Maharashtra by 4 entities, Reliance, Tata Power, MSEB, and BEST. The tariff varies accordingly.

Power Tariff

This tariff is applicable only to residential establishments.

Depending on consumer category, residents will have to pay a fixed charge in addition to the per unit cost. This fixed charge varies from Rs. 3 per month to Rs. 150 per month.

Thane Municipal Corporation - Water Supply

The Thane Municipal Corporation is responsible for water supply in the city. Thane is divided into 3 major zones comprising 44 water districts. The water supply network reaches 99% of the geographical area of Thane.

Water Tariff

After the installation of the meter, rates shall be applicable as per Flat Rate as under

Citizen Facilitation Center: Setu

Setu is a governance measure initiated by the Thane Collectorate. It serves to act as a single-point interaction between the government and citizens. Setu actually means bridge, and stands for the bridge of facilitation occurring between the government and the citizens. The primary objective of this measure is to enable the time-bound delivery of services to the residents of the city.