Introduction
Bhakti Park is a suburban area of Mumbai located along LBS Marg and the Eastern Express Highway. Strong road connectivity and proximity to employment zones have paved the way for increased property demand in Bhakti Mandir. The area is home to affordable residential and commercial real estate. If you plan to buy real estate here, check the latest ready reckoner rates in Bhakti Mandir, Thane.
In recent years, connectivity between Mumbai and Thane has increased dramatically. As a result, both end users and investors have started looking for real estate in some of the prominent micro-markets of Thane West. In many areas, Bhakti Mandir in Panch Pakhdi is a popular choice for home buyers. Affordable housing and direct road connectivity to LBS Marg and Eastern Express Highway are the key drivers of growing demand.
Ready Reckoner Rate
The ready reckoner rate, more commonly known as the circle rate or guidance value, is an important part of determining the fair value of a property for both buyers and sellers. These rates are fixed by the state government. Popularly used to calculate registration charges and stamp duty on property purchases and sales. The government considers several factors such as location, facilities, infrastructure, and age of the property to determine the ready calculation rates in the concerned area.
Ready Reckoner Rates in Thane
If you are planning to buy real estate in Bhakti Mandir for residential or commercial purposes, you must know the ready reckoner rate for each property type in the area.
| Sub Zone | Land price (per sq m) | Residential unit price (per sq m) | Office price (per sq m) | Shop price (per sq m) | Industrial price (per sq m) |
|---|---|---|---|---|---|
| 5/18/1 | Rs 43,200 | Rs 1,04,500 | Rs 1,19,600 | Rs 1,35,500 | Rs 1,19,600 |
| 5/18/2 | Rs 43,000 | Rs 90,100 | Rs 1,10,100 | Rs 1,32,900 | Rs 1,10,100 |
| 5/19/A | Rs 62,900 | Rs 1,33,300 | Rs 1,53,300 | Rs 2,25,100 | Rs 1,53,300 |
| 5/19/1 | Rs 55,100 | Rs 1,38,400 | Rs 1,59,100 | Rs 2,30,900 | Rs 1,59,100 |
| 5/19/2 | Rs 43,300 | Rs 92,100 | Rs 1,27,800 | Rs 1,87,300 | Rs 1,27,800 |
| 5/19/3 | Rs 47,900 | Rs 1,03,300 | Rs 1,19,100 | Rs 1,41,400 | Rs 1,19,100 |
Conclusion
As we conclude your Openplot visit, we express our gratitude for entrusting us with your real estate aspirations. Finding or selling a home is an important milestone, and we are honored to be a part of yours. Rates mentioned in Open Plot are only estimates and may vary based on market conditions. Consult a real estate advisor for accurate and up-to-date information.
Also read: East Hyderabad is the Best Choice for Investment!