Thane Real Estate Surges 46% in Just 3 Years

Thane’s remarkable rise from a peripheral suburb to a premium residential hub in the Mumbai Metropolitan Region (MMR) is evident in its 46 percent surge in average home prices—from Rs. 13,550 per sq. ft. in Q2 2022 to Rs. 19,800 in Q2 2025.

This growth is underpinned by robust infrastructure development, rising demand for affordable housing, and the city’s increasing vertical expansion. Between FY20 and FY25, Thane witnessed the launch of 65,800 residential units, with 2BHKs leading at 45 percent, closely followed by 1BHKs at 42 percent, showing buyers’ preference for value-centric housing.

Key Highlights

• 46 percent jump in average home prices from INR 13,550 (Q2 2022) to INR 19,800 (Q2 2025).
• 2BHK & 1BHK units dominate new supply; 89 towers now exceed 40 floors.
• Thane homes 78 percent more affordable than Mumbai suburbs, driving high demand.

The sweet spot for buyers is in the Rs. 80 lakh to Rs. 1.6 Cr bracket, which covers nearly half the available supply. With land scarcity, Thane’s real estate is reaching skyward—89 residential towers now exceed 40 floors, illustrating the shift to vertical living.

The post-COVID housing boom continues, with new supply rising 103 percent in FY23 and absorption increasing 78 percent in FY24. In Q1FY26 alone, 3,130 homes were sold against 2,910 new units launched, showcasing sustained demand.

According to ANAROCK’s Ayush Puri, Thane remains 78 percent more affordable than Mumbai suburbs, where a 2BHK in Thane (percent 1.25 Cr) is far cheaper than similar units in central or western suburbs. Grade A developers account for 47 percent of new launches, adding further investor confidence.

Also Read: MMR's Office Rental Values Zoom 28% from 2022 to 2025, Hyderabad Next with 24.1%

Top-performing micro-markets—Panchpakhadi, Pokhran Road, Majiwada-Balkum, Kolshet, and Kasarvadavali—offer a blend of accessibility, infrastructure, and aspirational living. Backed by Rs. 59,000 Cr in planned and ongoing infra projects, Thane is no longer a satellite—it’s now the destination.