Thane and Navi Mumbai are two of the best locations in Mumbai right now for home buyers. Moreover, with affordable home loan interest rates, it has also become a lot easier to purchase a home here for most people. Each of these localities has something unique to offer and can be the perfect abode for you and your family.
Here are some things you can expect from these two localities. Based on this information, you can opt for a house in the area of your choice and accordingly apply for a home loan.
Thane vs. Navi Mumbai
|Points of difference||Thane||Navi Mumbai|
|Connectivity||Thane offers good connectivity to the rest of the city. You can take the Mumbai Metro Line 4 from Wadala to Kasarvadavli in Thane and avoid the busy roads of Mumbai in an economical and safe manner.||Navi Mumbai is also well connected to other parts of Mumbai. It is connected to the Western and Central Railway. You can also take a local train to Kurla and Andheri from Navi Mumbai.|
|Price||Thane is undergoing a lot of commercial and residential construction, so the prices may be on the rise at this time. However, you can apply for a home loan and purchase a house in some of the best residential estates of Thane with ease.||Navi Mumbai is also seeing a hike in real estate costs, especially after the announcement of the Navi Mumbai International Airport. However, you can use a home loan EMI calculator to determine and apply for a suitable loan amount and purchase a house here in a quick and hassle-free manner.|
|Area||Thane can offer you the beauty and functionality of wide roads, less traffic, and low congestion, also well-maintained and clean areas. This can be a great place for all types of families.||Navi Mumbai also makes for a good residential area as it is very well planned. There is also a Special Economic Zone in the area that covers 13000 hectares. So, it can be a great place to look for work opportunities too.|
|Return on investment||New metro routes and rising commercial construction in the area have contributed to a real estate price rise in Thane. These new developments may increase the value of land further and offer a return on your investments. The likely future growth prospects combined with affordable home loan interest rates can offer you a good deal.||Projects like the Navi Mumbai International Airport, the Navi Mumbai Metro Rail, and the Trans Harbour Link Road have increased the appeal of this area. The Special Economic Zone is also alluring people and increasing the demand for houses in this area. Taking a home loan to invest here may be beneficial in the long term.|
To sum it up
Both these areas have their own charm. Moreover, both localities also offer many residential and commercial plots that can be suitable for different budgets, needs, and investment purposes. Regardless of what you choose, make sure to use a home loan EMI calculator to determine your loan requirement and tenure for a hassle-free experience.