Developed by the Hiranandani Group over 200 acres, Hiranandani Estate is one of the largest townships in Thane. Beyond offering lucrative commercial properties, this expansive development provides an array of apartments, ranging from 1-4BHK. With a plethora of amenities and conveniences within reach, this locality presents an appealing choice for homebuyers and real estate investors. If you are contemplating the purchase of a residential or commercial property within this planned township, it is crucial to familiarise yourself with the ready reckoner rate. Continue reading to discover the ready reckoner rate in Hiranandani Estate, Thane.
Check the ready reckoner rate in Hiranandani Meadows, Thane
What is the ready reckoner rate?
The ready reckoner rate, also referred to as the jantri rate or circle rate, plays a significant role in determining property prices within a specific area. It reflects the government’s assessment of the minimum rate at which a property should be registered. This evaluation considers factors, such as infrastructure, location, amenities and demand. Having an understanding of the ready reckoner rate is essential for both buyers and sellers.
Ready reckoner rate in Hiranandani Estate, Thane: Residential properties
| Open land | Residential apartments |
| Rs 38,300 per square metre | Rs 1,49,800 per square metre |
Ready reckoner rate in Hiranandani Estate, Thane: Commercial properties
| Offices & Industrial spaces | Shops |
| Rs 1,72,900 per square metre | Rs 2,27,900 per square metre |
Ready reckoner rate in Hiranandani Estate, Thane: Impact on property transactions
Property valuation
Banks and financial institutions use the ready reckoner rate as a reference for property valuation. It assists in determining the loan amount that can be sanctioned against the property. Higher ready reckoner rates may result in lower loan amounts.
Registration and stamp duty charges
The ready reckoner rate influences the registration and stamp duty charges for property transactions. These charges are a percentage of the property’s value as per the ready reckoner rate. Higher ready reckoner rates lead to higher registration and stamp duty charges.
Market trends
The ready reckoner rate mirrors the current market rates in Hiranandani Estate, Thane. It indicates the demand and supply dynamics in the area. Buyers and sellers take the ready reckoner rate into account when negotiating property prices.
How to check the ready reckoner rate in Thane?
- Log onto the IGR Maharashtra website at https://igrmaharashtra.gov.in/Home.
- Click on ‘e-ASR’ and
- ‘e-ASR 2.0’.
- On the map of Maharashtra, select Thane as the district and the taluka. Choose the village for which you want the ready reckoner rates.
- You will see the detailed list of ready reckoner rates in the chosen village.
Real estate trends in Hiranandani Estate, Thane
Hiranandani Estate in Thane fulfils all the criteria for a luxurious and convenient lifestyle. Here are the key locality trends for Thane’s Hiranandani Estate:
Hiranandani Estate, Thane: Connectivity
Hiranandani Estate benefits from its proximity to Ghodbunder Road, which enhances connectivity to Thane Road and the Eastern Express Highway. Additionally, the Chhatrapati Shivaji Maharaj International Airport is approximately 28 km away, with a travel time of just an hour via the Eastern Express Highway.
Hiranandani Estate, Thane: Social infrastructure
The presence of schools and hospitals in the vicinity ensures a robust social infrastructure. For instance, the multispecialty Hiranandani Hospital is nearby, while Hiranandani Foundation School, Radcliffe School and Poddar International School are among the well-known educational institutions here.
Hiranandani Estate, Thane: Retail and entertainment
In addition to on-site shopping centres, R Mall and Cosmos Mall are easily accessible from the area. For weekend activities, Chirma Devi Waterfall, Patlipada Bird Sanctuary and Tikuji-ni-Wadi are popular tourist destinations.
Hiranandani Estate, Thane: Residential properties
Hiranandani Estate offers a wide range of 2- and 3-BHK apartments, catering to thousands of families. 2-BHK apartments feature carpet area ranging between 629-697 sq. ft. 3-BHK apartments in Hiranandani Estate fall between 1,112-1,199 sq. ft.
Hiranandani Estate, Thane: Commercial properties
Beyond housing the prestigious Hiranandani Business Park, this township is within a 5-km radius of other major business centres. Notable examples include Centre Orion Business Park and ThaneOne Corporate Park. Moreover, Wagle and Kolshet industrial areas, prime employment zones in Thane West, are within a 9-km distance.
Hiranandani Estate, Thane: Property prices
According to Housing.com, the average price of property in Hiranandani Estate is approximately Rs 15,202 per square foot. The properties cost Rs 8,411-31,818 per square foot.
Why invest in Hiranandani Estate, Thane?
Investing in a property within the vibrant Hiranandani Estate, Thane brings numerous advantages. With a plethora of physical and social amenities within close reach and infrastructural developments in the pipeline, the township presents flourishing real estate prospects. Hiranandani Estate in Thane is renowned for its outstanding connectivity, meticulously planned social infrastructure and convenient access to modern amenities. Featuring a range of premium apartments, it provides a comfortable and secure living environment. Moreover, investing in commercial properties within Hiranandani Estate, Thane, offers several benefits, given its proximity to major business centres. As a prime commercial area witnessing a high demand for office spaces and retail outlets, it presents lucrative opportunities for investors.
Housing.com POV
Hiranandani Estate is a premium township in Thane, boasting a strategic location, modern amenities and a wide range of residential and commercial options. It offers an appealing opportunity for investors and residents. Whether you are in search of a home or an investment venture, Hiranandani Estate offers a compelling proposition with its meticulously planned infrastructure and promising real estate trends. Familiarising yourself with the ready reckoner rate is essential for property transactions in Hiranandani Estates, Thane. This government assessment influences property prices, transaction costs and property taxes.
FAQs
What is the significance of the ready reckoner rate in Hiranandani Estate, Thane?
The ready reckoner rate is crucial as it determines various property transaction costs, including stamp duty, registration charges and property valuation. It reflects the prevailing market rates in the area, influencing negotiations between buyers and sellers.
How can I check the ready reckoner rate for properties in Thane?
You can check the ready reckoner rates online through the IGR Maharashtra website. Log on to the website, navigate to the e-ASR section, select Thane as the district and the taluka and choose the village for which you want the rates.
What types of properties are available in Hiranandani Estate, Thane?
Hiranandani Estate offers a variety of residential options, ranging from 1-4BHK apartments. Additionally, the township features lucrative commercial properties, including offices, shops and industrial spaces.
What amenities and facilities are available within Hiranandani Estate, Thane?
Residents of Hiranandani Estate enjoy a wide range of amenities and conveniences, including schools, hospitals, shopping centres and entertainment options. Notable institutions, such as Hiranandani Hospital and Hiranandani Foundation School, are conveniently located within the township.
Why should I consider investing in Hiranandani Estate, Thane?
Investing in Hiranandani Estate offers numerous benefits, including outstanding connectivity, meticulously planned social infrastructure and a range of modern amenities. The township’s proximity to major business centres makes it an attractive destination for residential and commercial investors, presenting lucrative opportunities for growth and returns on investment.
(Featured image: www.houseofhiranandani.com)
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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