Thane-Dombivli Region – The New Growth Corridor

1. Thane-Dombivli Region – The New Growth Corridor

2. The Thane-Dombivli region of the Mumbai Metropolitan Region (MMR) is emerging as the new growth corridor for businesses. With its strategic location, infrastructure investments and favourable policies, this region has become a hub for industrial and commercial development. This new corridor is fast becoming an economic powerhouse, attracting investments from various sectors such as IT, finance, manufacturing, and logistics. In this blog, we will explore the factors driving the growth of the Thane-Dombivli region and the opportunities the Lodha Group offers to people for owning a residence in the region. It bears testimony to the fact that the Lodha Group reviews the growth potential of a region and offers the best real estate options. Let us know more about the Thane-Dombivli region. • The Thane-Dombivli Region: An Emerging Economic Powerhouse • Thane-Dombivli region has witnessed significant investments in infrastructure development over the last decade. The region has seen the construction of major highways, flyovers and improved connectivity via railways. In addition, the region boasts one of the largest bus rapid transport systems in the country, making it easy for workers to commute to and from their workplaces. This improved connectivity has reduced travel time and costs, enabling businesses to expand to the region. • Another significant infrastructure development has been the construction of the Navi Mumbai International Airport. This airport is expected to further improve connectivity and attract more investments to the Thane-Dombivli region. The region has also seen the development of various industrial parks and SEZs, making it a favourable destination for industries looking to expand their operations. Overall, the Thane-Dombivli region’s infrastructure development and favourable policies have made it an emerging economic powerhouse with immense potential for businesses looking to expand in Mumbai. This is a primary reason the Lodha Group has established best of its projects in this region.

3. Factors Driving the Growth of the Thane-Dombivli Region • The Thane-Dombivli region is emerging as a significant economic powerhouse in India due to various factors driving its growth. Here are three key factors: • Strategic Location – The Thane-Dombivli region is ideally located, connecting Mumbai to the rest of Maharashtra and India. The region is strategically situated along the Mumbai-Pune Expressway, which provides easy access to both cities, as well as to the Mumbai-Nashik Highway. This makes it a favourable destination for businesses looking for a strategic base to expand their operations. Moreover, the Thane Dombivili Link Road will further enhance the travel time. • Industrial Growth – The Thane-Dombivli region has seen substantial growth in industries over the past few years. The region is home to various industries, including engineering, chemicals, pharmaceuticals, plastics, and textiles. The Maharashtra Industrial Development Corporation (MIDC) has developed several industrial estates in the region, making it an attractive destination for businesses to set up their manufacturing facilities. • Skilled Labour Force – The region boasts a skilled and talented labor force. The region has various educational institutes, including engineering and management colleges, that provide the necessary skills and knowledge to the workforce. This, in turn, is attracting more businesses looking for a skilled labour force to set up their operations in the region. • Real Estate Boom in the Thane-Dombivli Region • The Thane-Dombivli region in Maharashtra is witnessing a real estate boom, making it an attractive investment destination for many businesses and individuals. Given the increasing demand for real estate in the area, investors in the Thane-Dombivli region can ensure a steady return on investment .

4. The region will remain a hotspot for real estate investment in the coming years. In fact, the Lodha Group has some of the best projects and townships in this region. They have designed and constructed housing complexes with various configurations and world-class amenities to suit different budgets and preferences. Lodha Group reviews suggest that the group is a highly credible real estate developer. The Lodha Upper Thane is one of the project by the Lodha Group. Lodha Upper Thane is a 200-acre integrated township with open areas covering more than 80% of the development. With world-class amenities, whether it’s huge open spaces to breathe fresh air, relaxing by the pool, or letting the kids have fun in the play area, one is never short of options. It’s an integrated ‘walk-to-everything’ development, hence, everything you need is just a short 2/5/10 minute walk away. • Infrastructure Development and Connectivity • Along with a booming real estate market, the Thane-Dombivli region is experiencing a surge in infrastructure development, which is driving further economic growth. The Maharashtra government and local authorities have undertaken numerous initiatives to enhance the region’s connectivity and infrastructure. The Mumbai Metropolitan Region Development Authority is constructing the Line 5 metro rail project that will connect Thane-Dombivli to other parts of Mumbai. This will increase connectivity and open up more opportunities for businesses and residents. The Mumbai-Nashik Highway, Thane-Belapur Road and Kalyan-Shilphata Road pass through the region, providing a crucial link to important markets in Mumbai, Thane and Navi Mumbai. Further, the Thane Smart City project has been focusing on developing the area as a sustainable, modern and livable city. The initiative aims to provide better transportation, housing, infrastructure, and services that would drive further growth. Further, the area is home to several industrial parks. The Maharashtra Industrial Development Corporation (MIDC) has developed various industrial estates in the region, encouraging the development of manufacturing plants, IT companies, and other industries.

5. he Future Looks Bright For Thane-Dombivli Region • The Thane-Dombivli region has emerged as a new growth corridor, with its strategic location, excellent connectivity, and robust infrastructure. It offers immense potential for businesses and investors, and its economy is expected to grow significantly in the coming years. • Moreover, the region is committed to balancing economic development with environmental sustainability, with various initiatives aimed at reducing its environmental impact. The government’s focus on renewable energy, waste management, green buildings, water conservation, public transportation and tree plantation is commendable and has already started to yield results. The region’s future looks bright, and it is expected to become an economic powerhouse in the coming years. With its business-friendly policies, excellent infrastructure, and environment-friendly initiatives, the Thane-Dombivli region is poised to attract more businesses, generate employment opportunities, and improve the quality of life for its residents.