By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News
The 2025 Market Reality
₹ 1.5 crore marks the entry point for families seeking spacious 3 BHK homes in Thane.
While prices have strengthened steadily, resale and mid-segment inventories across the Ghodbunder Road belt, Central Thane, Thane Upper Belt, and Kalwa still offer credible 3 BHK options within this range.
Typical 3 BHK carpets range from 650 to 900 sq.ft. in newer towers and launches. Some older or township resales still offer layouts of 900–1,050+ sq.ft. under ₹ 1.5 Cr, although availability is tightening rapidly along Metro Line 4.
All values represent average ₹/sq.ft. benchmarks for mid-segment and A-grade projects. Premium towers with clubhouses or developer branding typically command ₹ 500–₹ 2,000 per sq.ft. more.
Average Price Benchmarks (Q2 – Q3 2025)
| Micro-Market | Avg Price (₹ / sq.ft.) | Typical 3 BHK Carpet (sq.ft.) | Avg Ticket Size (₹ lakh) |
|---|---|---|---|
| Ghodbunder Road (Bhayandarpada – Kasarvadavali – Waghbil) | 13,500 – 16,000 | 650 – 1,000 | 110 – 180 |
| Kolshet – Balkum – Manpada / Dhokali – Majiwada – Kapurbawdi | 17,000 – 22,000 | 650 – 900 | 150 – 200 |
| Thane Upper Belt (Mankoli – Anjur | Thane–Nashik Highway – TDLR Corridor) | 10,800 – 13,500 | 750 – 1,100 | 110 – 150 |
| Kalwa (Eastern Thane) | 10,000 – 16,000 | 700 – 950 | 120 – 160 |
(Sources – ANAROCK Q2 2025 / Magicbricks / TREN Market Desk)
Note: Figures reflect blended averages across resale and new-launch inventories.
Premium townships and A-grade developments may quote ₹ 500 – ₹ 2,000 per sq.ft. higher.
Within the under-₹ 1.5 Cr segment, the most active 3 BHK supply ranges from 650 to 900 sq.ft.
Larger layouts (750 – 1,100 sq.ft.) are primarily found in Ghodbunder resales and the Thane Upper Belt, still closing between ₹ 1.10 – 1.50 Cr.
Key Micro-Markets Under ₹ 1.5 Crore
Ghodbunder Road (Bhayandarpada – Kasarvadavali – Waghbil)
Active resale and mid-segment zone with excellent road and metro connectivity.
- Carpet: 650 – 1,000 sq.ft. | Price: ₹ 13,500 – 16,000 psf | Ticket: ₹ 1.10 – 1.80 Cr
- Family-centric neighbourhoods with schools, supermarkets, and steady rental yields (~₹ 30–40k/month).
Kolshet – Balkum – Manpada / Dhokali – Majiwada – Kapurbawdi
In this central belt, 3 BHK homes priced below ₹ 1.5 Cr are now extremely limited.
Only a few resale units in Balkum and older Dhokali societies trade near this bracket (650 – 900 sq.ft.).
Most A-grade and township projects in Kolshet, Manpada, and Majiwada now quote ₹ 17,000 – 22,000 per sq.ft., pushing ticket sizes above ₹ 1.6 – 2.0 crore.
For buyers capped at ₹ 1.5 Cr, Balkum and Dhokali resales remain the most practical options, while Ghodbunder Road and the Thane Upper Belt continue to offer attainable mid-segment 3 BHK choices.
Thane Upper Belt (Mankoli – Anjur | Thane–Nashik Highway – TDLR Corridor)
Emerging north-eastern corridor with A-grade planning, schools, markets, and infrastructure.
- Carpet: 750 – 1,100 sq.ft. | Price: ₹ 10,800 – 13,500 psf | Ticket: ₹ 1.10 – 1.50 Cr
- The 8-lane Thane–Nashik Expressway and operational TDLR enhance connectivity to Samruddhi Mahamarg and the Dombivli–Kalyan corridor, making it Thane’s strongest growth zone.
Kalwa
Redevelopment hub with station modernisation and new bridges linking Airoli and Navi Mumbai.
- Carpet: 700 – 950 sq.ft. | Price: ₹ 10,000 – 16,000 psf | Ticket: ₹ 1.2 – 1.6 Cr
- Modernised societies offering excellent commute value for cross-city professionals.
Infrastructure Catalysts (2025 Status)
- Metro Line 4 (Gaimukh – Cadbury Junction): Trial runs are underway, with the public launch expected end of Dec 2025.
- Metro Line 5 (Thane – Bhiwandi – Kalyan): Civil work progressing; set to boost Upper Belt connectivity.
- Thane–Nashik Expressway: Now under 8-lane expansion, enhancing Samruddhi Mahamarg access and reducing travel time.
- Thane–Dombivli Link Road (TDLR): Operational, connecting Upper Belt to Dombivli and Kalyan.
- Thane–NMIA Elevated Corridor: ₹ 6,363 crore CIDCO project targeting ≈ 30-minute airport access.
Together, these projects cement Thane as MMR’s most infrastructure-driven housing market.
Our Analysis
- Carpet Reality: Most 3 BHKs fall between 650 – 900 sq.ft.; larger layouts (750 – 1,100 sq.ft.) are concentrated in few micro markets of Ghodbunder Road and Thane Upper Belt.
- Ghodbunder & Kolshet: Balanced value with strong amenities and liquidity.
- Thane Upper Belt: Best space-to-price ratio and connectivity upside.
- Kalwa: Ideal for redevelopment buyers and cross-city commuters.
- Metro 4 Corridor Note: Larger 3 BHKs along Metro Line 4 are being rapidly absorbed. Once operational, availability below ₹ 1.5 Cr will tighten further — buyers should act within this timeframe.
FAQ
Is ₹ 1.5 crore enough for a 3 BHK in Thane in 2025?
Yes. Efficient layouts between 650 and 900 sq.ft. remain available in Ghodbunder and the Thane Upper Belt within ₹ 1.5 Cr.
Where can buyers find larger layouts for the same budget?
The Thane Upper Belt (Mankoli – Anjur) offers the largest 3 BHK apartments (750 – 1,100 sq.ft.) under ₹ 1.5 Cr.
How are metro projects impacting the 3 BHK segment?
Metro Lines 4 & 5 will significantly enhance connectivity and capital values across Ghodbunder and Upper Belt corridors.
Should buyers prefer resale or new projects?
Resales typically offer larger carpets, while new projects feature modern amenities and RERA safeguards.
Contact our advisory team at John Real Estate (MahaRERA A51700001835) for verified 3 BHK inventories, site visits, and consultation.
📞 Drop us a message on +91 98201 48755 to receive a curated list of options under ₹ 1.5 Cr across Thane’s top corridors.
About the Author
Arosh John is a Thane Real Estate Expert, Founder of John Real Estate (MahaRERA A51700001835), and Editor-in-Chief of Thane Real Estate News.
He and his team specialise exclusively in the Thane property market — covering apartments, villas, and investment advisory across premium and growth corridors. With a decade of local expertise and a research-driven approach, Arosh John and John Real Estate are known for transparent, data-backed consultations. Through TREN, he aims to build the most credible voice in Thane real estate journalism.
Disclaimer
This article is for informational and educational purposes only. All prices and carpet areas are indicative as of Q2 – Q3 2025 and are subject to market changes. Buyers should verify the MahaRERA registration, the developer’s credentials, and all documentation before making a purchase. TREN and John Real Estate assume no liability for decisions based on this content.
Explore More from Our Thane Housing Series 2025
Where to Buy 1 BHK in Thane Under ₹ 65 Lakhs (2025 Guide)
Where to Buy 2 BHK in Thane Under ₹ 1 Crore (2025 Guide)
