Thane Home Prices Rise 46% in 3 Years; 2BHKs Dominate Supply

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.

- TBG NETWORK

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."