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Thane Home Prices Rise 46% in 3 Years; 2BHKs Dominate Supply
The Business Guardian
|July 18, 2025
Thane, once seen as a supporting suburb, now headlines the Mumbai Metropolitan Region residential real estate revolution, riding on rapid infrastructure upgrades, surging buyer interest, and a hot housing market.
A report by ANAROCK titled "Thane: The Rising Star of MMR Real Estate" highlights the city's explosive housing price growth – a whopping 46% leap in average residential prices in just three years, from INR 13,550/sq. ft. in Q2 2022 to INR 19,800/sq. ft. in Q2 2025.
Aayush Puri, Head - ANAROCK Channel Partners (ACP) & ANACITY, points out that prices in Thane have rocketed up 60% since 2020, when the average was around INR 12,400 per sq. ft. "Thane is not just a hot residential destination – it has also played a key role in redefining the MMR housing landscape. Thane's steady capital values growth has largely been fuelled by infrastructure upgrades that have ignited home-buyer interest. Demand for under-construction homes outperforms ready-to-move-in units in 2025 so far, largely because the city offers luxury homes at relatively affordable prices in contrast to Mumbai's prime markets."
This story is from the July 18, 2025 edition of The Business Guardian.
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