Thane City has witnessed a remarkable transformation in recent years. From a quiet neighborhood, it has transformed into a bustling center of businesses. One such area in Thane City with excellent infrastructure and a booming business sector is Thane Central.
Recent data show major lease and sales activities in Thane Central. Out of a total stock of 1,578,944 sf of office space, 96,621 sf was leased out in the last 12 months and 63,788 sf was sold.
Let’s examine the factors that make Thane Central an ideal location for commercial real estate investments. Visit FloorTap.com to look at office spaces for lease or sale.
What Makes Thane Central Suitable for Commercial Real Estate Investments?
In the field of commercial real estate, the Thane Central region presents significant investment returns. Rapid infrastructure development and easy connectivity to Mumbai and Navi Mumbai make it a hot spot for commercial investment.
Location and Connectivity
Thane Central’s development as a commercial center is largely due to its connectivity. The Thane Central Railway Station, one of the busiest railway stations, connects this area to Mumbai CST and other important destinations like Kalyan, Dombivli, and beyond.
Thane Central benefits from good connectivity thanks to a vast network of roads and highways. Other major roads that run through this region include the Eastern Express Highway, the Ghodbunder Road, and the Thane-Belapur Road. These routes offer easy access to Mumbai and other regions of Maharashtra.
With the Thane Metro Line currently under construction, Thane Central will soon have metro access. Once open, this line will enhance intra-city connection in Thane and offer you a convenient means of transit.
Infrastructure and Development
Thane Central has experienced tremendous development and infrastructure improvements recently. This has contributed to the area’s growth as a thriving commercial hub. Modern business and commercial districts have grown in Thane Central, drawing in startups and global enterprises. Areas such as Wagle Estate and Majiwada have become important corporate hubs, providing cutting edge office space.
Considering the latest deal in Thane Central, in November 2023 Manmohan Singh K Bhamra acquired office space in Avesa for Rs. 11,128 psf.
Let’s have a look at the most expensive buildings in Thane Central.
| Buildings | Average Rental (Chargeable) INR/sf |
| Vardhaman Industrial Complex | 200 |
| Akruti SMC (SMC Square) | 129 |
| Dheeraj Baug | 102 |
Unique Features
With ancient sites like Talao Pali, Kopineshwar Temple, and Upvan Lake, Thane Central preserves its cultural legacy despite the area’s growing development. You can have a sneak peek into Thane’s rich history and cultural significance found at these locations.
You have opportunities for leisure activities, picnics, and outdoor recreation in the expansive Yeoor Hills, Sanjay Gandhi National Park, and several public gardens.
Rental Yields
High rental yields are available for commercial properties in Thane Central. A wide range of industries, including manufacturing, healthcare, retail, IT, and finance, are based in the area. The demand for commercial real estate has increased due to the growing number of startups and SMEs. This in turn has raised rental yields.
About current rentals, in October 2023, Raymond Uco Denim leased an office space of 11,890 sf at iTHINK Techno Campus, Pokhran Road for Rs. 161 psf.
Here are the top five tenants in Thane Central who have leased office space.
| Tenants | Average Rental (Chargeable) INR/sf |
| Piramal Finance | 102 |
| PNB Housing Finance | 98 |
| Raymond Uco Denim | 90 |
| Isha Eyecare | 83 |
| Axis Finance | 72 |
Recommended Commercial Properties in Thane Central
Thane Central has become a bustling commercial center with room to expand and thrive. Property values are growing significantly in Thane Central’s real estate market. Investing today enables you to take advantage of this rising trend and ensure substantial future returns on your investment. Some of the highly recommended commercial properties ideal for office spaces in Thane Central are Dev Corpora and Sailavkik Sai Pavitra Residency. Thane Central is expected to see 50,000 sf of office space in the next two years.
Regardless of your role as a broker, renter, or landlord, FloorTap connects you with commercial real estate stakeholders for efficient decision-making.
