Latest News | Gudi Padwa Witnesses Robust Home Buying in Thane: CREDAI-MCHI

Thane, Mar 23 (PTI) Marathi new year Gudi Padwa witnessed better-than-expected home buying in Thane district, Maharashtra, CREDAI-MCHI Thane president Jitendra Mehta said on Thursday.

Gudi Padwa was celebrated with fervour across the state on Wednesday.

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"This Gudi Padwa, 1,723 Thaneites booked, bought or moved into their own homes," Mehta said.

Data from real estate developers in Thane, as collated by CREDAI-MCHI Thane, shows that 1,723 homes were booked, bought or the buyer moved into their new address on Gudi Padwa.

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"Property is a solid asset class on various parameters. For home buyers, the safety factor of having bought one's own home is beyond comparison. For the investor, it reflects a safe and secure option that provides both -- rental income and capital appreciation. Obviously, it is a win-win for both the buyer and the investor," Mehta said.

During the real estate expo 'PROPERTY 2023-Thane' held in February this year, 27,000 families had shown interest in buying homes. A majority of them had even visited the sites and the expectation was that around 1,500 houses would be booked on Gudi Padwa. But at 1,723, the number was better than the expectation, he added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)