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Thane’s Platinum Belt | Projects In Thane | Ashwin Sheth Group

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Sheth Avalon Thane | Residential Projects In Thane | Ashwin Sheth Group  Know more at https://ashwinshethgroup.com/projects/sheth-avalon-thane

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Evolution of Thane as a real estate hub

Civilisation in Thane has evolved right from the Vedic times to the present day. The region has transformed immensely over the years and is now a bustling real estate hub in the Mumbai Metropolitan Region (MMR).

 The History The earliest recorded evidence of Thane dates back to 135-150 AD, the mention of which is made by renowned Greek geographer Ptolemy. He referred to the area as Chersonesus, which according to the researchers, is an area around Thane creek. Centuries ago, Thane was called Shreesthanaka. It had been a part of Aparant, Shilahara and Bimba dynasties.

 Mohammedan, Maratha, Portuguese and British rulers also ruled this city for a while. Even well-known traveller Marco Polo visited Thane in 1290 AD and mentioned it as a kingdom that was always busy with loading/unloading of goods and brimmed with traders from across the Nation. A reference to the bygone era still exists in the name of Ghodbunder Road. If the word is broken up into two and translated, it means ‘horse’ and ‘port’. As per historical evidence, Ghodbunder is the place where horses were unloaded from the ships. However, post-independence, the demography of the region has undergone a drastic change. From being an area of multiple hamlets, Thane is now a bustling city.

 The only thing that has remained unchanged, over the years, is the name of popular locales, including Thane Creek, Parsik and Yeoor Hills along with a few other villages. Other than Ghodbunder, the other relevant names include Naupada, Patlipada, and Agripada. These areas were named during the Shilahara era when there were ‘padas’ or hamlets. In the present day, these localities do not reflect even an iota of what they used to be once. Prior to Independence, the first passenger train operated in India connected the then Bori Bunder (CST) with Tanna (Thane) in 1853. Having a rail link between these two locations shows how famous Thane has been for centuries.

 The transformation Post-Independence

 Thane has transformed immensely post-independence, giving way to the construction of multi-storeyed buildings. Until three decades ago, the region largely comprised of buildings that were not more than three storeys high. However, in the last couple of decades, high rises have started mushrooming in the locality, thereby marking the emergence of Thane as a new-age city. Since 1990, the population has almost doubled to around 14,00,000 in 2019. In 2020, the figures must have increased by manifold. The strategic location of the region is what has kept it relevant for so many eras.

 Even now, the potential of the region has not been fully utilised. As a part of the new-age city, Thane continues to grow profusely amid other popular locales in the Mumbai Metropolitan Region (MMR). Not only does it comprises of some of the best residential colonies in Mumbai, but also has a number of commercial complexes coming up in the vicinity. Extensive development of the real estate, over the years, has made Thane one of the most sought-after regions for residential and commercial investments. Presence of ample job opportunities also makes this place a preferred choice among the masses.

 While the city has undergone immense transformation already, it is further set to taste success in the years to come. As a part of the next round upgradation, several commercial real estate projects are being planned for Thane. These are likely to transform the city further into the next business district in the Mumbai Metropolitan Region.