Thane’s transformation from a support suburb to a residential frontrunner in the Mumbai Metropolitan Region in average home prices shooting up 46% in just three years—from INR 13,550 per sq. ft. in Q2 2022 to INR 19,800 per sq. ft. as of Q2 2025-end.
The boom is fueled by infrastructure upgrades and an increasing appetite for smaller, more affordable homes. Between FY 2020 and FY 2025, Thane saw the launch of 65,800 new units, with 2BHKs dominating at 45% of supply, closely followed by 1BHKs at 42%. Larger configurations—3BHKs (11%) and 4BHKs (2%)—made up a minority, reflecting buyer focus on value-driven living. The budget sweet spot sits between INR 80 lakh to INR 1.6 Cr, capturing roughly 44% of all supply.
Demand isn’t just rising—it’s reshaping the skyline. Thane now boasts 89 residential skyscrapers of 40+ floors, underscoring the vertical growth imperative driven by land constraints and buyer preference for high-rise living. Since COVID-struck FY 2020, new supply in Thane grew by 103% in FY 2023, while absorption jumped 78% in FY 2024. In Q1FY26 alone, 3,130 homes were sold, with 2,910 new units launched.
According to Ayush Puri, Head – ANAROCK Channel Partners (ACP) & ANACITY, Thane is at least 78% more affordable than suburban Mumbai, with a 2BHK averaging INR 1.25 Cr for 650 sq. ft. carpet area—compared to INR 2.11 Cr in Mumbai’s central suburbs and INR 2.36 Cr in the western suburbs (exclusive of taxes and charges). This affordability gap continues to drive momentum among both end-users and investors.
Another factor strengthening market confidence is Grade A developer dominance, which accounts for 47% of supply. The top five micro-markets—Panchpakhadi & Naupada (Thane Central), Pokhran Road, Majiwada-Balkum, Kolshet Road, and Kasarvadavali—lead in terms of new launches, offering both premium residences and infrastructure access.
With INR 59,000 Cr worth of planned and ongoing infrastructure enhancements, Thane’s real estate market is entering a new phase of sustained acceleration. It’s no longer Mumbai’s satellite—it’s the city buyers are watching, choosing, and investing in with growing confidence.
