Why Wagle Estate Ascends as the New Commercial Hub?

Wagle Estate located at Thane has witnessed extraordinary changes. It has transformed from a peaceful residential zone to a vibrant hub of innovation and commerce. Thanks to its strategic location, good connectivity, and variety of services, the industrial region has become a highly sought-after real estate investment destination.

Of the 4,526,796 sf of office space in Wagle Estate, an impressive 568,025 sf was leased and 2,579 sf was sold in the past year.

In this blog, let us explore the reasons that make Wagle Estate a perfect place to invest in commercial real estate. Check out commercial properties on FloorTap.com.

What Makes Wagle Estate a Thriving Commercial Hub?

Wagle Estate boasts modern office complexes, industrial parks, and commercial establishments. Here are the factors that contribute to Wagle Estate’s status as a thriving commercial hub.

Location and Connectivity

Located in the center of Thane, Wagle Estate has easy access to major highways. You can conveniently access important locations. The Eastern Express Highway connects Wagle Estate to Mumbai. This facilitates smooth travel to Mumbai and other parts of the metropolitan region. Additionally, the Thane-Belapur Road runs adjacent to Wagle Estate.

Not far away is the Thane Railway Station, a key transportation hub that makes it easy for commuters to get across the city and beyond. Trains to Mumbai’s many suburbs and core districts run frequently from Thane Station. This makes commuting easier for you.

Infrastructure and Development

Wagle Estate’s infrastructure comprises of contemporary office buildings, industrial parks, and retail spaces. All these accommodate the changing requirements of business complexes. Numerous sectors, including IT, manufacturing, pharmaceuticals, banking, and more, are based in Wagle Estate.

In a recent transaction in Wagle Estate, Bharat Anil Patel purchased office space in Konar Business Park in September 2023 for Rs. 12,013 psf.

Let’s have a look at the most expensive buildings in Wagle Estate.

Unique Features

In addition to being a commercial hub, Wagle Estate stands out for some distinctive reasons. It has a long history of industrial development that spans several decades. This has paved the way for its development as a commercial hub.

Even though Wagle Estate is a busy business district, several parks and green areas offer peaceful havens for socializing, working out, and relaxing.

Rental Yields

Owning commercial properties in Wagle Estate provides you with consistent investment returns. As the demand for office spaces, retail outlets, and industrial units remains high, owning a commercial property can bring consistent rental income and long-term gain.

Property values at Wagle Estate are likely to rise in the future. As infrastructural development and corporate expansions boost demand for commercial real estate, the value of your property may significantly rise in the future. Regarding recent leases, Emnis Realtors leased 2,195 sf of office space at Fenkin 9 for Rs. 97 psf in September 2023.

Here are the top 5 tenants who have rented office spaces in Wagle Estate.

Recommended Commercial Properties in Wagle Estate

Wagle Estate stands out as a vibrant commercial hub due to its strategic location, modern infrastructure, and great future prospects. Some highly recommended office spaces for rent/lease in Wagle Estate are Centrum Business Square, Accel House, Ashar IT Park, Cyber Tech House, Tropical New Era Business Park, Bhairaav Milestone and Fenkin 9. Wagle Estate is expected to see 240,000 sf of office space next year, which will increase to 403,779 and 592,179 in the next consecutive years.

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