By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News (TREN)
Thane – MMR | October 2025
According to ANAROCK and Mint market data, average residential prices in Thane have increased from approximately ₹13,550 per sq. ft in Q2 2022 to around ₹19,800 per sq. ft in Q2 2025 — a rise of nearly 46% in just three years. Unlike speculative market spikes, this growth is infrastructure-backed and end-user driven, marking a structural shift in how Thane is valued within the Mumbai Metropolitan Region (MMR).
Premium Micro-Markets — Fresh Price Quotes as of Q3–October 2025
| Micro-Market (Grade-A Developer Belt) | Current Quoted Range (₹/sq.ft) |
|---|---|
| Kolshet Road / Balkum Belt | ₹15,500 – ₹19,600/sq.ft (select premium towers crossing ₹20,000) |
| Majiwada–Kapurbawdi Junction | ₹16,000 – ₹20,000/sq.ft (with certain listings crossing ₹24,000–₹27,000 depending on tower and floor height) |
| Hiranandani Estate, Thane West | ₹17,000 – ₹23,500/sq.ft (premium top floors and view-facing inventory commanding the upper band) |
These figures are based on current Housing.com, Magicbricks and 99acres active listings across Grade-A projects by Lodha, Raymond Realty, Rustomjee, Hiranandani, Runwal and Godrej.
Thane vs Mumbai — The ‘Livability Per Rupee’ Advantage
While Thane’s top belts are quoting ₹15,500 to ₹23,500/sq.ft, comparable developer-grade inventory in Mumbai suburbs like Andheri, Malad and Kandivali is trading at ₹36,000–₹48,000/sq.ft.
This price gap is not just an affordability narrative — it positions Thane as the highest ‘urban lifestyle per rupee’ market in MMR, especially for millennial buyers seeking infrastructure, township ecosystem, security, amenity curation and long-term liquidity potential.
Why Prices Are Rising — The Infrastructure Effect
The price re-rating of Thane is directly linked to active and under-progress infrastructure:
- Metro Line 4 visual impact now visible on ground — price response seen in Kolshet and Kapurbawdi belts
- Thane–Borivali Twin Tunnel and Goregaon–Mulund Link Road (GMLR) creating high-speed Western corridor access
- Samruddhi Corridor connectivity into Thane — new highway economics changing long-term positioning
- Green Mobility Push: Thane Municipal Corporation recently awarded as a “Green Success City” for EV bus network, Miyawaki forest development and air-quality improvement initiatives — supporting “future-ready” real estate branding
Demand Structure — Not Speculation, But End-User Absorption
As per CRE Matrix transaction analysis, the ₹90 lakh to ₹1.1 crore segment is the most active transaction band in Thane, particularly in the premium belts mentioned above.
More importantly, the demand is user-led rather than speculative — dominated by millennials, salaried professionals, and first-time upgrade buyers.
Even though housing sales in MMR saw a 17% decline in Q3 2025 (PropEquity data) due to the pre-festive consolidation phase, Thane’s price point held firm, indicating market resilience rather than overvaluation.
Thane’s Price Story Is Not a Spike — It’s a Repositioning
Thane’s housing market is undergoing a structural revaluation, moving from a perception of being a “more affordable suburb of Mumbai” to a self-sustained lifestyle district with its own urban identity.
The market is no longer driven by “space at a discount”.
It is now driven by connectivity, curated infrastructure and urban collective living.
About the Author
Arosh John is a MahaRERA-registered real estate consultant and Founder of John Real Estate, with over a decade of advisory experience across the Thane–MMR market in primary sales, luxury villas, resale, infrastructure-led investments and NRI transactions. He is also the Editor-in-Chief of Thane Real Estate News (TREN), a research-driven publication focused on transparent, data-backed real estate commentary.
Disclaimer
This analysis references pricing data and absorption trends published by ANAROCK, Mint, CRE Matrix, PropEquity, Housing.com, Magicbricks, 99acres, Hindustan Times and India Today Real Estate. Readers are encouraged to verify project-specific information and consult registered professionals before making investment decisions. All trademarks and project names mentioned belong to their respective owners.
