Why Is Shahapur A Smart Choice For Investors In Thane? Shahapur, a suburb of Thane, has seen a rise in real estate demand as a result of its thriving tourism sector, employment hubs, and easy access to the rest of the city. Let's examine how Shahapur's real estate market is predicted to evolve over the coming years given the numerous infrastructural projects that are planned.
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The town is situated along the planned Delhi-Mumbai Industrial Corridor (DMIC), which places the area on the growth spectrum. It is nestled between the triangles of Pune, Nashik, and Mumbai. Industry statistics state that in Q1 2022, almost 26% of new releases were in the Mumbai Beyond Thane region. Its increasing residential demand could be the cause of this increase.
The centre for low-cost housing Shahapur is a growing residential market that primarily consists of inexpensive spaces. The inventory is made up of both apartments and standalone homes, with the 1 BHK & 2 BHK typologies predominating. A 1 BHK apartment with a size of 250–600 square feet may cost between Rs 10–20 lakh and a 2 BHK apartment with a size of 750–2,000 square feet may cost between Rs 25–40 lakh. Similar to that, a 3 BHK, 2,500–6,000 square foot residential area can cost up to Rs 1 crore.