17 July,2025 02:39 PM IST | Mumbai | mid-day online correspondent
The report also stated that two-bedroom-hall-kitchen (BHK) units dominate the supply, reflecting the needs of nuclear families and young professionals. PIC/ANAROCK
Thane is witnessing a rapid surge as a major real estate hotspot within the Mumbai Metropolitan Region (MMR), thanks to massive infrastructure investments, increasing housing demand, and the growing presence of Grade-A developers, revealed a July 2025 report by ANAROCK.
It further highlighted that the city has seen property prices surge by 36 per cent over the past three years.
The real estate sector has benefitted from the upcoming infrastructure projects worth Rs 59,000 crore - the upcoming metro lines, the Thane-Borivali tunnel, and the Thane-Navi Mumbai elevated corridor. The strategic location of the city and improving connectivity to key commercial hubs in Mumbai have further contributed to a notable shift in buyer preference toward Thane, the report further highlighted.
It also stated that two-bedroom-hall-kitchen (BHK) units dominate the supply, reflecting the needs of nuclear families and young professionals.
Thane's 2BHK apartments account for 45 per cent of the supply, followed by 1BHKs at 42 per cent. The preferred price bracket is between Rs 80 lakh and Rs 1.6 crore, with this segment alone comprising 44 per cent of the city's residential supply, the report mentioned.
"The rise in Grade-A developer activity - now contributing to 47% of total housing supply - has significantly boosted buyer confidence," the report noted, adding that the availability of larger land parcels has also opened up avenues for integrated townships and high-rise developments, with Thane recording 89 residential towers over 40 floors.
ANAROCK's data also show that the post-Covid recovery in the sector has been strong: housing supply grew by over 100 per cent between financial year (FY) 2020 and FY 2023, while absorption rose by 78 per cent by FY 2024, reaching 19,600 units.
Among the top five micro-markets, Thane Central, Pokhran Road, Majiwada-Balkum, Kolshet, and Kasarvadavali stand out, according to the report. Thane Central, the most expensive among them at Rs 23,000 per square feet, caters to buyers in the Rs 1.6 crore to Rs 2-crore range while Kasarvadavali, on the other end, is an affordable option with average prices around Rs 15,000 per sq ft and a strong share of 1 BHK units.
The report also highlights challenges such as traffic congestion, water supply issues in certain pockets, and the risk of environmental imbalance due to rapid development amid the growth. However, these are offset by opportunities such as redevelopment potential, rising rental demand, and inclusion in the Smart City Mission, the report highlighted.
