This Mumbai Locality Witnessed 46% Property Price Growth in Just 3 Years; Is Your City Keeping Up?
This Mumbai Locality Witnessed 46% Property Price Growth in Just 3 Years; Is Your City Keeping Up?
Thane emerges as MMR’s fastest-growing suburb in terms of real estate value, leaving other cities trailing behind.
If you had invested in property in Thane, a suburb of Mumbai, just three years ago, you’d be smiling all the way to the bank today. According to a recent ANAROCK report, average property prices in Thane have jumped by a massive 46% between H2 2022 and Q2 2025. From ₹13,550 per sq. ft., prices have now touched ₹19,800 per sq. ft., making Thane one of the hottest real estate destinations in India right now.
To put this in perspective, the average price in the entire Mumbai Metropolitan Region (MMR) during the same period stood at ₹17,100 per sq. ft.—highlighting Thane’s sharp and standout appreciation.
Why Thane? What’s Driving the Boom?
The key lies in Thane’s affordability and long-term growth potential. While being well-connected to Mumbai’s key areas, Thane is still 78% cheaper than many of its central and western counterparts. For instance:
- A 2BHK in Thane costs around ₹1.25 crore
- The same size in Central Mumbai (Kurla, Ghatkopar, Mulund, etc.) will set you back ₹2.11 crore
- In Western suburbs like Andheri, Juhu, and Malad, prices soar to ₹2.36 crore
Capital Price Appreciation vs. Average Price Rise — What’s the Difference?
According to Aayush Puri, Head – ANAROCK Channel Partners (ACP) & ANACITY:
“Average residential price rise shows the general trend in a locality, whereas capital price appreciation reflects the gain on a specific property based on its original purchase value.”
Example:
If an area’s rate goes from ₹5,000 to ₹5,500/sq.ft, that’s a 10% average rise. But if your flat bought for ₹50 lakh is now worth ₹56 lakh, your capital appreciation is 12%.
Micro-Markets That Stood Out in Thane (as of June 2025)
| Locality | Avg. Price (₹/sq.ft) |
|---|---|
| Thane Central | ₹23,000 |
| Pokhran Road | ₹20,700 |
| Majiwada | ₹19,400 |
| Kolshet | ₹20,200 |
| Kasarvadavali | ₹15,000 |
These pockets saw the most significant jumps in residential prices, making them hotspots for both homebuyers and investors.
Pan-India Trends: How Does Thane Compare?
Across India’s top 7 cities, the annual price appreciation ranged between 6% and 27%. Here’s how things stack up:
- MMR’s average: 9%
- Pan-India average: ₹8,990/sq.ft in Q2 2025 (up from ₹8,070 in Q2 2024)
- Thane’s capital prices: ₹16,000/sq.ft — almost double the national average!
Between 2019 and 2024, Thane West itself saw a 34% price hike, going from ₹10,317 to ₹13,500 per sq. ft., as per the 2024 ANAROCK report.
Thane has successfully transformed itself from a peripheral suburb to a real estate powerhouse, with better infrastructure, green spaces, and increasing connectivity. With capital appreciation reaching up to 58% over 5 years, investors and homebuyers are seeing it as a golden opportunity.
So, whether you’re planning to invest, buy your first home, or are just curious about how your city compares, now’s a good time to check the real estate pulse, because Thane just raised the bar.
