By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News (TREN)
Thane – MMR | October 2025
Thane’s 2025 housing cycle is witnessing a structural shift — the resale segment is now leading the market ahead of new launches.
End-users, NRIs, and upgraders are showing a strong preference for ready, OC-received inventory — apartments, villas, and plotted assets that offer immediate possession and lower tax burden.
Residential sales across MMR remained robust in H1 2025 (≈ 47,000 units; Knight Frank), reinforcing firm pricing in Thane’s ready-property market.
Transaction and Price Trends
- Sales Momentum: MMR recorded approximately 47,000 housing sales in H1 2025 (Knight Frank), with ready-home absorption rising quarter on quarter.
- Pricing Direction: CRE Matrix data indicates consistent year-on-year price firming across Thane’s OC inventory, with weighted average prices trending upward through 2024–2025.
- Registrations Pulse: IGR Maharashtra trends and festive-season registrations reflect sustained buyer confidence and a strong resurgence in resale transactions.
Market Drivers
- Certainty & Possession: Immediate occupancy and no GST outflow make ready inventory financially efficient.
- Supply Constraint: The 2025 new-launch pipeline remained about 20% lower than in 2023 due to extended approval cycles.
- End-User Dominance: Families prefer established neighbourhoods with complete infrastructure and community living.
- NRI Re-Entry: Overseas buyers from the UAE and UK are returning to Thane’s ready properties for currency stability and ease of exit.
Micro-Market Highlights
- Central Thane (Majiwada–Kapurbawdi–Balkum): High-liquidity resale segment in the ₹1.2–2 crore range; price growth of around 10–13% YoY.
- Hiranandani Estate – Patlipada – Waghbil: Premium OC-ready apartments trading 10–12% higher than 2024 averages.
- Kolshet – Pokhran II – Vasant Vihar: Family and NRI-driven end-user activity; average transaction value ₹1.8–2.6 crore.
- North Thane (Mankoli – TDLR – Kasheli): Growing traction in ready villas and plots priced ₹2.5–6 crore, attracting buyers upgrading from Ghodbunder and Mulund.
Villas and Plots Segment
- Lodha Villa Royale: Resale appreciation since its 2020 launch is estimated at 60–100%, reflecting the scarcity of in-city villa inventory.
- Plots and Villas Across Thane and Surrounding Belts: The Ghodbunder Road and TDLR corridor, buyers are increasingly choosing ready landed assets within Thane over second-home destinations like Lonavala or Karjat.
- End-Use Shift: Unlike the earlier “weekend home” mindset, Thane’s villa buyers are primarily end-users seeking independent living without compromising on urban connectivity.
Analyst’s View
“The Thane resale market has evolved from a distress trade to an upgrade market.
Ready inventory now anchors both pricing and buyer confidence. For ₹1.5–2 crore budgets, OC projects offer greater value than five-year under-construction timelines.”
— Arosh John, John Real Estate / TREN Analysis (Oct 2025)
Forward Outlook (2026)
- Transaction Share: Resale transactions are expected to exceed 40% of Thane’s housing market by mid-2026.
- Appreciation: Price growth is likely to stabilise at 8–10% annually as supply normalises.
- Liquidity: OC-ready inventory will remain the most financeable and preferred asset class.
- Catalysts: The Twin Tunnel, Metro Lines 4 & 5, and the Samruddhi Corridor will continue to sustain appreciation across connected micro-markets.
Key Takeaway
Thane’s resale market in 2025 is no longer a secondary play — it has become the core indicator of price discovery and investor confidence across MMR.
With limited new launches and sustained end-user absorption, ready inventory now defines Thane’s real estate cycle.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN). With over a decade of experience in the Thane market, he specializes in residential transactions, resale transactions, villa developments, and infrastructure-led investments. His research-driven approach translates market data and policy insights into actionable intelligence for buyers, investors, and developers.
Disclaimer
The information provided is for general awareness and does not constitute investment advice. Figures are sourced from Knight Frank H1 2025, CRE Matrix 2024–25, and IGR Maharashtra datasets as of October 2025. Infrastructure timelines and project budgets are subject to revision by MMRDA or MSRDC. All project names and trademarks belong to their respective owners.
