Property in Thane Mumbai

To decongest Mumbai roads and bring down the travel time between key areas of the city, the Maharashtra government is planning to start inland water transport that would connect areas across Mumbai Metropolitan Region. While Phase-I of the water transport project will get operational by December, a detailed project report is being prepared for Phase-II. Here is all you need to know about the project.

Many homebuyers are turning to Thane to find affordable homes close to a city, we are talking about Mumbai, that is counted among the most unaffordable property markets in the world. Thane real estate will not disappoint you at all, but concerns around building safety have been rising in the recent past with several structures in Thane witnessing fire incidents. What makes matters worse is the fact that the civic body does not have the equipment to deal with an emergency situation in case fire spreads at a highrise.

According to a joint study by Housing.com and Makaan.com, Mumbai and Gurgaon homebuyers have the highest budget for property purchase when compared to other top real estate markets in the country.

In a move that will make real estate transactions more expensive, the Maharashtra government has proposed to levy an additional one per cent surcharge on stamp duty. Currently, a buyer needs to pay five per cent stamp duty on their property purchase. Including the new surcharge this amount would increase to six per cent.

According to a recently published report by the National Environmental Engineering Research Institute (Neeri), honking is one of the most problematic causes of noise pollution in most of the cities in Maharashtra. A survey done by the institute also suggests that Pune is the noisiest city in Maharashtra as it records considerably higher than the prescribed limit of decibel levels in many areas.