Thane is one of the biggest cities in Maharashtra, with Mumbai as its neighbour. It is one of the most populated cities in Maharashtra and is known as the city of lakes, with more than 30 natural and man-made lakes. Over the last few years, Thane has become one of the best places for real estate developers as it offers space, nature, and scenic views. These combinations make it a perfect place for living in residential buildings and working in commercial buildings.
The demand for owning property in Thane, Mumbai is increasing at a quick pace. It has every type of property, from residential to commercial, mixed-use, industrial, agriculture, special purpose, ready-to-move, studio apartments, and villas. Read here to find out more.
Market Size of Real Estate in Thane
The real estate market in Thane has been increasing gradually. The market is growing bigger and bigger in recent years and still expanding. This development will help accommodate the growing population of the city with better facilities. Over the years, Thane underwent many modifications to improve people’s lifestyles.
Thane Property Statistics
The increasing rates of real estate in Thane led to the building of more and more towering commercial and residential buildings. The sale of housing units in Thane grew by 25% in Q1 of 2022 as compared to Q1 of 2021. Homebuyers are taking interest in construction properties priced within 40 lakh or more. In this budget category, the demand exceeded supply by around 15% in the following quarter. Even the buyers are ready to move to spaces with better connectivity. The housing locales of Ghodbunder Road, Pokhran-2, Manpada and Ambernath are quite popular for 2 BHK houses within a range of 70-1.5 crore.
Infrastructure & Connectivity
Thane is now a favourite residential hotspot due to its superior connectivity to Navi Mumbai, the Eastern and Western Suburbs of Mumbai via Ghodbunder Road, NH 8, Mumbai-Nashik Highway and Thane-Belapur Road. Even the future connectivity plans of Thane include the proposed Wadala-Ghatkopar-Thane-Kasarvadavali metro rail, Thane-Diva Road, the flyover at Bhiwandi bypass, the metro-3 project to Kalyan and Mira-Bhayandar areas and parallel roads from Thane to Kalyan along the metro line. These connections make Thane a perfect home purchase place for home buyers.
In Thane, one can enjoy a lavish lifestyle that includes entertainment, shopping complexes, easy commuting, good connection with roads, and more. Also, with time, people are adopting a paced lifestyle. Most people staying in Thane are bachelors, thus they enjoy their freedom a lot. Also, one can plan a lot of small trips to nearby cities and relax from the hustle and bustle of the city. There are several nearby places where one can relax and enjoy leisure time with friends and family.
Demographic Stats (By Population)
The demographic statistics of Thane by population changed over the decade. According to Census 2011, the population of Thane is 1.11 Crore at present, compared to Census 2001 as it was 81.32 Lakhs. This population change in the city’s demographic demands better facilities to help people live satisfying lives. Also, the population’s literacy rate changed from 80.66% to 84.53%. The rise in population percentage is huge which led the government to launch several schemes aiding citizens' benefit. More details about the demographic statistics of Thane by population are tabulated below.
Area Sq. Km
Proportion to Maharashtra Population
Sex Ratio (Per 1000)
Child Sex Ratio (0-6 Age)
Total Child Population (0-6 Age)
Male Population (0-6 Age)
Female Population (0-6 Age)
Child Proportion (0-6 Age)
Boys Proportion (0-6 Age)
Girls Proportion (0-6 Age)
Homes and Living Properties in Thane
Residential property in Thane is in demand and offers various configurations by the builders. From a small studio apartment to extravagant flats and villas, there is everything in Thane. The rental costs in Thane start from ₹15,000 to a maximum of 1 lakh. The best residential localities in Thane are Thane West, Dombivli, Dombivli East, Badlapur, Kalyan, Kalyan West, and Kalwa.
Ready to Move
The city of Thane has a variable range of ready-to-move-in properties. The localities such as Thane West, Panchsheel Nagar, Balkum, Badlapur, Ghodbunder Road, and Ambernath are some of the top-notch ready-to-move-in areas in Thane. The configuration started from a studio apartment and went up to a maximum of 6 BHK. The rent starts at a minimum of ₹15,000 and a maximum of 1 lakh.
Studio apartments in Thane are the most preferred choice for students and individuals from different cities to study or work. Localities like Thane West, Dombivli, Dombivli East, Badlapur, Kalyan, Kalyan West, and Kalwa are some of the areas with the most affordable to luxurious studio apartments in Thane. The cost of renting studio spaces starts from ₹7,000 and increases as per the locality, flooring, furnishing, and other factors. However, the purchasing price of studio spaces starts from as low as 22 lakhs and increases further depending upon several factors.
Villas Property in Thane
Thane is the largest city neighbouring Mumbai, India. It has thirty lakes and lots of greenery surrounding the entire area. The beautiful scenery is the best place to live in villas. There are even 6 BHK villas available, costing 50 crores, and the cost of the minimum villa is 1 crore and more. Further, the price list may vary depending upon demand, furnishing, flooring, locality, and other factors. The top localities to rent or purchase a villa in Thane are Owale, Manpada, Ghodbunder Road, Kolshet Road, Ambernath East, and Badlapur East.
Top Localities In Thane for Rent / Sale
The top localities in Thane for rent and sale are as follows:
Top Localities in Thane
Renting Price (in ₹) & Onwards
Purchasing Price (in ₹) & Onwards
1 BHK to 6 BHK
₹ 35 Lakhs
1 BHK to 6 BHK
₹ 28 Lakhs
Studio Flats to 6 BHK
₹5,000/ 12,000 (studio/1 BHK)
₹ 26 Lakhs
1 BHK to 6 BHK
₹ 36 Lakhs
1 BHK to 6 BHK
₹ 30 Lakhs
1 BHK to 6 BHK
₹ 52 Lakhs
Thane West is a well-developed and connected town to Mumbai and Thane. It has great public transport connectivity, which makes the commute easier. The configuration of flats in Thane West starts from as low as 1 BHK and is available for up to 6 BHK flats and villas. The cost of renting the space begins at ₹8,500 for a 1 BHK space, and the cost increases as furnished status, size in sq. ft., the local area in Thane West and many other factors. The cost of purchasing flats in Thane West starts from as low as 35 lakhs for a 2 BHK space and increases with the buyer's preference.
Dombivli East is an amazing locality. It has all the basic amenities like top-notch hospitals, schools, colleges, and supermarkets nearby. It is considered a great place to reside and enjoy full facilities. The composition of flats in Dombivali East offers 1 BHK space and up to 6 BHK flats and villas. The cost of purchasing flats in Dombivali East starts from as low as 28 lakhs to 1.60 crores for a 2 BHK space. The rent starts from ₹5,000 to a maximum of ₹ 75,000. Further, it all depends on several other factors as well.
Badlapur is an advanced locality in Thane with superior infrastructure, high-end residential projects, and all the primary necessities like ATMs, banks, petrol pumps, schools, hospitals, local markets, etc. It's a profitable location to invest. The flats start from the configuration of studio flats and go up to 6 BHK flats and villas. The cost of renting a studio flat starts from ₹5,000 and the cost of a 1 BHK space starts from ₹12,000. The price of renting is likely to fluctuate depending upon the furnishing status, space, size, and other factors of flats in Badlapur. The cost of purchasing apartments starts at 26 lakhs and goes up to 1.70 crores for a 2 BHK flat in Badlapur.
Kalyan is filled with places to explore, and feel close to nature. It has bus stands, a rickshaw stand, a railway station, hospitals, schools, and many more. The flats start from the configuration of 1 BHK and go up to 6 BHK flats and villas. The cost of purchasing a 2 BHK flat starts at 36 lakh and goes up to 1.2 crore. The rent price for a 2 BHK space starts from ₹5,000 and goes up to ₹20,000. However, the rates are variable depending upon the commute time, carpet size, and furnishing factors.
Kalyan West is primarily a residential suburb in the district of Thane with affordable rental and purchase prices along with all the amenities found in multi-storey societies. It is a developing area with excellent connectivity to Mumbai, Navi Mumbai, and other places. The residential areas have a configuration of 1 BHK and go up to 6 BHK flats and villas. The cost of purchasing a 2 BHK flat starts at 30 lakh and goes high, up to 1.5 crore. The rent price for a 2 BHK space starts from ₹11,000 and goes high, up to 1.1 lakh. However, the rates are variable depending upon the carpet size, commute relaxation, and furnishing status.
The flats start from the configuration of studio flats and go up to 6 BHK large spaces. The cost of renting a studio flat starts from ₹9,000 and the cost of a 1 BHK space starts from ₹ 12,000. The cost of acquiring flats starts at 52 lakhs for a 2 BHK flat in the locality. The price may increase as per the market valuation, furnishing status, and other factors of the flat in Kalwa Thane. Kalwa has a good market, temples, a church, a road transport facility, a Kalwa station, and many basic utilities nearby. It is one of the best localities in Thane to reside.
New Projects in Thane
The list of top new projects in Thane is as follows. However, there are a total of 261 new projects in Thane:
Raunak Codename Hundred Percent
Yogi Ajmera Bliss
Lodha Palava Serenity C
Mahindra Lifespaces Happinest Kalyan 2
Lodha Crown Kolshet
Arihant Aarohi Phase 2
Raunak Bliss B2
Raunak Bliss B1
Raunak The Infinity Tower
Wadhwa Regalia Phase 3
Lodha Palava Fresca C And D
Lodha Palava Fresca A and B
RERA Approved Projects in Thane: Govt. Projects in Thane
The majority of projects in Thane have been RERA-approved by the government. RERA is an official entity that refers to the Real Estate Regulatory Authority under the Real Estate Act of 2016. Both planned and current real estate developments are included in the RERA-approved projects. Builders and developers must register these projects under RERA by submitting complete data and supporting paperwork. Furthermore, the promoters of these assets are required to routinely update the status of these properties. With the RERA-approved developments in Thane, the government has made it simple for purchasers to resolve their complaints. As investors, they may continue to acquire a RERA-approved project in Thane without fear of fraud or delays.
Property Investment Options in Thane
Due to the increased demand for homes and offices, Thane's real estate has recently experienced tremendous expansion. The city became well-known due to the lucrative investment prospects. If you intend to purchase a home in Thane, it can be the best offer. The greatest areas in Thane for buying apartments, villas, single-family houses, builder floors, and plots.
Real Estate Future in Thane
Thane's real estate market is expanding, and demand is rising. Builders, developers, and government agencies are constantly creating new projects to meet the demand. However, no more land plots will be available in the city in the next few months, so real estate development will move to towns close to Thane.
Thane Top Real Estate Companies
Here are some of the top builders that have constructed amazing buildings in Thane:
Name of the Builder
TATA Housing Development Company Ltd.
Puranik Builders, Ltd.
Marathon Realty Pvt. Ltd.
Tharwani Construction Pvt. Ltd.
Q1. How is the real estate market in Thane?
Ans. The real estate market in Thane is thriving and has accounted for maximum housing launches, sales, and rents as compared to the previous year.
Q2. Why are property rates so high in Thane?
Ans. Thane is a successful and high-in-demand real estate market. This is all because of high connectivity, good infrastructure, office spaces, amenities, affordable housing, and more.
Q3. Is it good to buy property in Thane?
Ans. 3. Yes, it is a great return on investment to buy any property in Thane. Even the developers offer attractive offers, discounts, and government schemes to the buyers. Here, one can find their dream house.
Q4. Which is the cheapest place to live in Thane?
Ans. The cheapest place to live in Thane are Ambernath, Bhiwandi, Kalyan, Dombivli, and Thane West.
Q5. Which is the most expensive place to live in Thane?
Ans. There are several luxurious and premium places to live in Thane. It all depends upon the parameters or preferences set by you.
Q6. How much does an apartment in Thane cost?
Ans. An apartment in Thane will cost you 5 lakhs and can go up to 21 crores.
Q7. Thane vs Mumbai Real Estate Market?
Ans. Buying a property in Thane is easy compared to Mumbai. Property prices are 30 to 40 % (on average) higher in Mumbai, and property in Thane is more affordable.
Q8. Best Real Estate in Thane?
Ans. The best real estate in Thane is on Ghodbunder road. It runs through several key localities, Majiwada of Thane West, Manpada, Kolshet road, Asangaon, Kalyan Shilphata, Badlapur, Shahapur.
Q9. What is the average Thane House rate?
Ans. The average Thane house rate starts from purchasing it to 5 lakh and as high as 21 crores.
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