Thane
is fast emerging as there is tremendous real estate development. The answers to the two general questions that property
buyers face in Thane are rapid saturation and escalating property prices. Mumbra is a
fast-developing micro-market of Thane, whose realty market has been sending out
increasingly positive signals. It has become one of the nodes of Thane.
With service road next to it, a neat and clean Highway passing through the city, clean pedestrian walkways and
footpaths, trees planted on the footpaths, well planned plotted buildings,
gardens, schools, parking space, gymnasium, jogging track, smooth flowing
traffic, all this gives what a perfect city should comprise of. And that’s the
reason behind the rise properties of Mumbra.
With the upcoming plan
of government for Mumbra, which is about to receive a huge “MAKE OVER”, the prices
in real estate industry for properties in Mumbra is going to hike. According to
the plan, Mumbra will be planned and plotted similar to New Mumbai. The current population of Mumbra is
approximately more than 9 lakhs, situated between Parsik Mountain and Mumbra Creek.
Earlier companies were not interested to invest in
properties in Mumbra because of improper planning. Being futuristic a large number of investors,
both from Mumbai and Pune, are choosing New Thane as their second home
destination, and Mumbra then could rank among top 5 on their list of preferred
destinations because of its location near Thane - Navi Mumbai - Airoli node via the Old Mumbai Pune Highway, or National Highway 4.It
also has good connectivity to various key city centers via its strong rail and
road network. It is also
connected by the local train network to CST and Thane. The distance from Mumbra to Mumbai airport is 29 kilometers.
Infrastructure Facilities
Several infrastructure
facilities are adding value to the properties in Mumbra. These include Bus
service, rail service; cluster development in Mumbra is going to take place
soon, renovation of entire model of the region. Local MLA Jitendra Awhad has
voiced that he will strive the approval for the development of the Mumbra -
Kausa belt which is an area of approximately 25 sq. km stretching from
Retibunder to Bharat Gears. Mumbra's shipbuilding industry dates back to 600CE, the oldest in town, and
improved during the Maratha era. Small ships, barges and tugboats are made and repaired in Mumbra. The measurement and control instruments for petroleum, chemical,
food and cement industries are done by the scientific devices there.
As Mumbra is predominant by Muslims, there are a number of restaurants
that cater to the Muslim community. With that there are also restaurants that
serve Chinese, Arabic, grilled, and dessert foods. The increasing quality and
range of foods is attracting people from neighboring cities and towns
of Mumbai, Thane, Navi Mumbai, Kalwa, and Diva.
Scope in Future
Squarefeet Group tells us why there is scope of buying properties in
Mumbra. The “Make over” plan which will soon be implemented in Mumbra will
include rehabilitation of slum-dwellers in buildings, proper plotting of
buildings, roads, footpaths, parking spaces, gardens, schools, colleges,
shopping complexes, etc. The residents in Mumbra are ecstatic about the
Navi Mumbai International Airport (NMIA).
The Corporation visualizes that once Mumbra receives the “MAKE OVER” and is developed into a properly planned city, the real-estate sector will see a boom due to the interest of bigger real estate corporations. The government has plans to involve big developers and builders in the Plan, so as to decrease the investment burden on the exchequer. Seeing this many multinational companies would set up their corporate offices in Mumbra, resulting in steep rise in the demand for residential and commercial units in Mumbra. Before executing the “MAKE OVER” plan for Mumbra, the corporation is studying the pros & cons of the project for its successful completion, so the plan is still under construction.
