Overview of Katrap, Thane

Location and Popularity

Katrap is a growing locality in the Thane district. It has gained a lot of popularity among property buyers and renters. Part of the larger Badlapur East, it’s known for its growing real estate market.

Property Types and Rates

Katrap, Thane (Near Thane City)

• Average Rates: Flats cost about Rs 5,750 per sq ft usually. Some specific projects, like Shiv Priya Apartment and Suraj Jalaram Sadan CHS, are priced higher, at around Rs 7,583 and Rs 7,936 per sq ft respectively.
• Appreciation Trends: Flat prices haven't changed much in the recent 1 year (0.0% change), dropped slightly over 3 years (-2.5% change), increased more noticeably over the last 5 years (8.5% increase), and considerably in the past 10 years (11.7% increase).

Katrap, Badlapur East, Thane

• Average Price: Properties here average Rs 4,386 per sq ft, with prices starting at Rs 3,076 per sq ft and the most expensive reaching up to Rs 8,012 per sq ft.
• Recent Growth: The past year has seen a strong 6.02% rise in property rates, indicating a positive trend for investors and home buyers.

New and Ongoing Projects

• There are many new residential projects going up in Katrap, Badlapur, led by developers like MITRA REALITY, Deep Laxmi Developers, Tharwani Realty, Thanekar Group, and Sudhir Damodar Ghatnekar. This includes projects like Mitra Sai Pearl, Shreeji Paraiso Phase 2, Tharwani Millennium City Phase 1, Thanekar Parkland, Rubyana Residency Phase 1, and Pranjee Palm.

Rental Market

• Renters can find various options like 2 and 3 BHK flats, houses, and villas in Katrap. Housing.com lists over 20 rental flats and 1 house/villa in the area.

Infrastructure and Amenities

• Katrap offers many lifestyle amenities, like those found in Rubyana Residency Phase 1, making it a tempting spot for modern living.
• The area continues to grow, attracting those looking for modern living standards.

Property Trends and Market Insights

• In Katrap, particularly in Badlapur East, the property market looks good for both buyers and sellers. A positive year-over-year trend, along with a range of property options, makes it a great place for investors and end-users alike.

PropertyWala’s Conclusion

Katrap, Thane, shows a promising real estate opportunity. It blends affordable and luxury properties, while also boasting positive market trends and ongoing developments. Whether for buying or renting, this area offers much in terms of property types and prices. Its infrastructure and amenities, coupled with rising popularity, make it a strong choice for anyone looking to invest in or reside in the Thane district.