Your Complete Guide to Ready Possession Flats in Thane

Property Details

Benefits of Choosing Ready Possession Flats in Thane

• Immediate Occupancy: You can spend little money on moving in temporarily or staying in a hotel elsewhere at extra costs.
• Reduced Risk: It helps prevent risks linked to under-construction projects, including work delays, quality concerns, and possible legal problems.
• What You See is What You Get: Review the physical appearance of the actual property before purchasing to ensure that it is as you expected in terms of layout, finishing, and other complementary features.
• No GST: Ready-possession flats are valued for their GST benefits because they don’t attract GST, which burdens under-construction properties.
• Immediate Rental Income: Rental yields can begin immediately and be realised before the project is completed, providing early returns for investors.
• Easier Financing: Banks tend to provide more competitive loan rates for ready-possession flats since they pose comparatively fewer risks than under-construction ones.

Read More: Building Homes for The Future- Home Automation for Smart Homes

Top Localities in Thane for Ready Possession Flats

Ready-to-move-in apartments Thane come in various price segments across prime locations within the Thane micro Market. Such locations offer different types of accommodation, from high-end apartment buildings to more humble structures featuring vacant possession flats in Thane. Here are some ideas on prime locations:

1. Hiranandani Estate: It is a residential area characterised by affluent apartments and state-of-the-art facilities.
2. Pokhran Road: A quiet neighbourhood with lots of greenery, residential units of villas, and some tall buildings.
3. Kolshet Road: Based in Thane West, the apartment offers an excellent lifestyle opportunity, facilities for social activities, and job markets nearby.
4. Majiwada: One of the most preferred localities in Thane West, with a mix of residential and commercial properties well connected to Mumbai.
5. Ghodbunder Road: Known for its natural beauty and accessibility, it is gradually emerging as a preferred location for ready-to-occupy flats

Features and Amenities of Ready Possession Flats

The ready-possession flats in Thane thus provide the following features and amenities for the residential benefit of its clients. Here's an overview of what you can expect:

1. Modern Fittings:

• Some of the best modular kitchen designs for today’s homes have high-quality countertops and fittings.
• LED lighting and intelligent electrical systems that will save energy.
• High-end sanitary ware accessories in the bathrooms.

2. Security Features:

• Amenities such as 24/7 CCTV surveillance, which monitors all the public sections of the premises.
• Covert guards are at strategic checkpoints, including doors/ gates.
• Intercom amenities that link the flats with the main gate.
• Resident and visitor management through a physical access control system.

3. Community Facilities:

• Functionally integrated and well-equipped physical fitness centre and yoga/meditation hall.
• Swimming pool with a children’s pool.
• Lawn, play area and jogging track.
• Civic centre for the social congregation.
• Convenience stores for daily consumable items.
• Dedicated parking spaces.

Read More: The Advantages of Living on a Higher-floor Apartment 

Price Trends and Market Insights

Current Pricing for Ready Possession Flats in Thane

In Thane West, 1 BHK apartments range between ₹58 to ₹60 lakhs for 400-450 sqft, and 2 BHK apartments of 566 sq ft are priced at approximately ₹1.50 Cr. In Thane East, prices are slightly higher, with 1 BHK apartment in 410 sqft being ₹78 to ₹82. 8 lakhs. 

In the Thane West area, moderately more extensive 3 BHK flats measuring 718 sq ft are available for ₹1 Cr. Some areas, like Balkum, are costlier, as 2 BHK units measuring 642 sq ft are available for ₹ 1. 50 Cr.

Market Trends and Investment Potential

The Thane real estate sector has been growing consistently for the last few years due to the improvement of infrastructure and urbanisation. Key trends include:

• Emerging Micro-Markets: Hingna Road, Naupada Road, Majiwada Road, Satpur—Ambad Road, Nashik—Jalgaon Road and many more are emerging corridors with affordable and luxurious projects.
• Rising Demand for Luxury Flats: The luxury housing segment, comprising projects integrated with international standards facilities, is garnering interest from selective users, Rustomjee Urbania Thane being one example.
• Strong Investment Potential: The constant rise in prices, the nonstop construction of homes and commercial areas in Thane, and the growing need for these make Thane a preferred investment destination.
• Infrastructure Development: Current and proposed road construction and other developments improve access and living standards and increase property values.

Rustomjee's Ready Possession Projects in Thane

Rustomjee is one of the leading developers with several immediate occupancy flats in Thane, depending on one’s needs and financial ability. Here's a brief overview of their key offerings:

1. Rustomjee Uptown Urbania:

This integrated township in Thane West offers 2 and 3-BHK apartments. It has numerous facilities, such as a school, business circle, shopping mall and centre, and sports club. It is easily accessible from the Eastern Express Highway and links the inhabitants with commercial hubs such as Powai, Vikhroli, BKC, and Ghansoli.

2. Rustomjee Seasons:

This project has 3-bedroom homes that are finished to allow occupants to move in and start living immediately; it is for large families who want ready homes for occupation.

3. Rustomjee Urbania:

The most remarkable project in Thane is Urbania, which can be described as ultra-modern with strict functionality. This one provides 2-3 BHK homes in a very favourable location. The accessibility to new business destinations in Powai, Vikhroli, and Ghansoli, coupled with connectivity to the express highway, further gives the development an added advantage for people looking for homes.

Today, Thane real estate provides a much more useful array of immediate-occupation flats to meet the demands of all. Be it luxury townships or low-cost apartments, houses for sale in Thane are ready to move in and offer the best of both worlds in terms of location and quality. As the city continues to evolve, investing in Thane real estate, particularly in ready-possession flats, presents an attractive opportunity for both homebuyers and investors.

If you are looking to buy a ready-possession flat in Thane, do not miss out on Rustomjee Residential Properties. Rustomjee offers luxurious, ready-to-move-in flats with maximum comfort.

FAQs

1. How do ready-possession flats compare to under-construction projects in Thane?

Ready-possession flats are relatively more costly than under-construction ones because they are ready for possession, do not entail any construction risk, and provide more flexibility in interior design.

2. Are there any Rustomjee projects with ready-possession flats in Thane?

In Thane, Rustomjee offers possession flats in the “Urbania” project, which features 2 BHK and 3 BHK configurations.

3. What should I consider when buying a ready-possession flat?

Certain documents, such as the occupancy certificate, encumbrance certificate, sale deed, building approval plan, property tax receipts, title deed, etc., should be checked first during the purchase of any ready-possession flat to ensure that the sellers own the property and that it is not under any legal encumbrance.

4. What are the financing options for ready-possession flats?

The most common way to finance ready-possession flats in Thane is through a home loan, a loan provided by a bank or any other housing finance company. In this case, the flat is security for the loan, and one can borrow a large share of the cost of the property and pay it back to the bank in equal instalments over a given period. 

5. What legal checks should be done before purchasing a ready-possession flat?

Before purchasing a ready possession flat, you should check the following legal documents: title deed, encumbrance certificate, occupancy certificate, sale deed, completion certificate, property tax receipts, Khata certificate, building plan approvals, possession letter and any other relevant documents.