Latest news with #AayushPuri
The Wire
5 days ago
- Business
- The Wire
Average Home Prices in Thane Up 46% in Last 3 Years, 2BHKs Dominate New Supply
Mumbai, Maharashtra, India (NewsVoir) • Residential prices in Thane stand at INR 19,800 per sq. ft. as of Q2 2025-end, against INR 13,550 per sq. ft. in Q2 2022 • 2BHKs comprise approx. 45% of overall new supply b/w FY 2020 and FY 2025; 42% is 1BHKs (strong demand for smaller homes); 3BHK share - 11%, 4BHKs - just 2%; dominant budget range - INR 80 lakh to INR 1.6 Cr • Thane's skyline now has 89 residential skyscrapers of 40 floors: vertical growth imperative amid reducing land availability • Thane housing market significantly changed b/w FY 2020 & FY 2025; post-COVID-19, new supply rose approx. 103% in FY 2023 over FY 2020; absorption rose approx. 78% in FY 2024 vis-à-vis FY 2020 • 47% supply share by Grade A developers, leading to high confidence & demand • Top 5 micro markets based on highest new supply - Panchpakhadi & Naupada (Thane Central), Pokhran Road, Majiwada-Balkum, Kolshet Road & Kasarvadavali 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 homebuyer 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.' A total of 65,800 units were launched in Thane between FY 2020 to FY 2025, finds the report. Nearly 45% of the overall new supply in this period comprises of 2BHKs, followed by 42% of 1BHKs. 3BHKs comprise a 11% share, and 4BHKs just 2%. 'Affordability is a major keyword in Thane's housing market,' says Aayush Puri. 'We are seeing a strong market inclination towards smaller residential units. On that front, Thane is at least 78% more affordable than suburban Mumbai. For instance, a 2BHK home with an average carpet area of 650 sq. ft. costs about INR 1.25 Cr, while in Mumbai's central suburbs it will cost around INR 2.11 Cr. In the western suburbs, it goes as high as INR 2.36 Cr – and this is just the BSP, not factoring in GST, registration, and other charges.' Amid core Mumbai's skyrocketing property values, Thane is increasingly becoming the destination of choice for homebuyers and investors seeking better value without compromising on quality. The report adds that Thane's residential skyline currently boasts of 89 skyscrapers of 40 floors, mirroring the land scarcity-driven vertical growth imperative of Mumbai City. There have been some notable changes on the Thane real estate market, finds the report. Between COVID-struck FY 2020 and FY 2025, FY 2023 saw new housing supply there grow by almost 103% when compared to FY 2020, while absorption rose a dizzying 78% - to 19,600 units in FY 2024 from FY 2020. In Q1FY 2026, Thane saw approx. 3,130 residential units sold, while new supply stood at 2,910 units. Other Report Highlights: • Panchpakhadi and Naupada in Thane Central, Pokhran Road, Majiwada-Balkum, Kolshet Road and Kasarvadavali are the top five micro-markets based on maximum new supply. 47% of the new supply being delivered by Grade A developers • Around 44% of Thane's residential supply is in the INR 80 lakh to INR 1.6 Cr. budget segment, which will likely dominate the market going forward given the prevailing capital value trends in the region • Thane, being in the heart of MMR, is assured of sustained growth real estate growth thanks to large-scale planned and ongoing infrastructure enhancements worth INR 59,000 Cr (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
Fashion Value Chain
5 days ago
- Business
- Fashion Value Chain
Average Home Prices in Thane Up 46% in Last 3 Years, 2BHKs Dominate New Supply
Residential prices in Thane stand at INR 19,800 per sq. ft. as of Q2 2025-end, against INR 13,550 per sq. ft. in Q2 2022 2BHKs comprise approx. 45% of overall new supply b/w FY 2020 and FY 2025; 42% is 1BHKs (strong demand for smaller homes); 3BHK share – 11%, 4BHKs – just 2%; dominant budget range – INR 80 lakh to INR 1.6 Cr Thane's skyline now has 89 residential skyscrapers of 40+ floors: vertical growth imperative amid reducing land availability Thane housing market significantly changed b/w FY 2020 & FY 2025; post-COVID-19, new supply rose approx. 103% in FY 2023 over FY 2020; absorption rose approx. 78% in FY 2024 vis–vis FY 2020 47% supply share by Grade A developers, leading to high confidence & demand Top 5 micro markets based on highest new supply – Panchpakhadi & Naupada (Thane Central), Pokhran Road, Majiwada-Balkum, Kolshet Road & Kasarvadavali 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 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 homebuyer 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.' A total of 65,800 units were launched in Thane between FY 2020 to FY 2025, finds the report. Nearly 45% of the overall new supply in this period comprises of 2BHKs, followed by 42% of 1BHKs. 3BHKs comprise a 11% share, and 4BHKs just 2%. 'Affordability is a major keyword in Thane's housing market,' says Aayush Puri. 'We are seeing a strong market inclination towards smaller residential units. On that front, Thane is at least 78% more affordable than suburban Mumbai. For instance, a 2BHK home with an average carpet area of 650 sq. ft. costs about INR 1.25 Cr, while in Mumbai's central suburbs it will cost around INR 2.11 Cr. In the western suburbs, it goes as high as INR 2.36 Cr – and this is just the BSP, not factoring in GST, registration, and other charges.' Amid core Mumbai's skyrocketing property values, Thane is increasingly becoming the destination of choice for homebuyers and investors seeking better value without compromising on quality. The report adds that Thane's residential skyline currently boasts of 89 skyscrapers of 40+ floors, mirroring the land scarcity-driven vertical growth imperative of Mumbai City. There have been some notable changes on the Thane real estate market, finds the report. Between COVID-struck FY 2020 and FY 2025, FY 2023 saw new housing supply there grow by almost 103% when compared to FY 2020, while absorption rose a dizzying 78% – to 19,600 units in FY 2024 from FY 2020. In Q1FY 2026, Thane saw approx. 3,130 residential units sold, while new supply stood at 2,910 units. Other Report Highlights: Panchpakhadi and Naupada in Thane Central, Pokhran Road, Majiwada-Balkum, Kolshet Road and Kasarvadavali are the top five micro-markets based on maximum new supply. 47% of the new supply being delivered by Grade A developers Around 44% of Thane's residential supply is in the INR 80 lakh to INR 1.6 Cr. budget segment, which will likely dominate the market going forward given the prevailing capital value trends in the region Thane, being in the heart of MMR, is assured of sustained growth real estate growth thanks to large-scale planned and ongoing infrastructure enhancements worth INR 59,000 Cr
India Today
5 days ago
- Business
- India Today
Is Thane outshining Mumbai real estate with cheaper housing?
Thane is no longer just a quiet neighbour of Mumbai, it has become one of the busiest real estate pockets in the Mumbai Metropolitan Region (MMR). In just three years, home prices here have shot up by 46%, showing how popular this city has become among homebuyers looking for better to a new report by ANAROCK titled, 'Thane: The Rising Star of MMR Real Estate', the average price of a home in Thane was around Rs 13,550 per square foot in the second quarter of 2022. By the end of June 2025, this has jumped to about Rs 19,800 per square SMALLER HOMES ARE IN DEMANDMost new homes coming up in Thane are either 1BHK or 2BHK units. About 45% of new supply from 2020 to 2025 was 2BHKs, while 42% was 1BHKs. Larger homes like 3BHKs and 4BHKs together make up only around 13% of the new supply. The most popular price bracket for these homes is between Rs 80 lakh and Rs 1.6 crore, which is still seen as reasonable when compared to Mumbai's central or western suburbs.'Affordability is the main draw for people choosing Thane,' says Aayush Puri, Head- ANAROCK Channel Partners (ACP) and ANACITY. He explains that Thane homes are at least 78% cheaper than similar ones in Mumbai's example, a 2BHK with an average carpet area of 650 sq. ft. costs about Rs 1.25 crore in Thane, while the same unit can cost over Rs 2 crore in Mumbai's central suburbs and nearly Rs 2.4 crore in the western parts of the city, not including GST, registration and other extra GROWTH THE NEW NORMALDue to shrinking land in Thane, builders are now going vertical. The city now has 89 residential towers that are more than 40 floors shows how developers are trying to make the best use of limited land by building upwards. Around 47% of this new supply comes from Grade A developers, giving buyers more trusted AREAS IN THANESome of the hottest areas in Thane are Panchpakhadi and Naupada in Thane Central, Pokhran Road, Majiwada-Balkum, Kolshet Road, and Kasarvadavali. These pockets have good connectivity, social infrastructure, and new projects by well-known more people looking for affordable but modern homes, Thane's property market looks set to stay strong in the years to come.- Ends
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Business Standard
5 days ago
- Business
- Business Standard
Thane housing prices soar 46% in 3 years-Should you still buy here?
Thane is no longer just a Mumbai suburb—it's a booming residential hub. Over the past three years, average home prices in Thane have jumped a steep 46%, from ₹13,550/sq. ft. in Q2 2022 to ₹19,800/sq. ft. as of Q2 2025, according to a new ANAROCK report titled 'Thane: The Rising Star of MMR Real Estate.' "Thane's steady capital values growth has largely been fuelled by infrastructure upgrades that have ignited homebuyer 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," said Aayush Puri, Head – ANAROCK Channel Partners(ACP) & ANACITY. A total of 65,800 units were launched in Thane between FY 2020 to FY 2025, finds the report. Nearly 45% of the overall new supply in this period comprises of 2BHKs, followed by 42% of 1BHKs. 3BHKs comprise a 11% share, and 4BHKs just 2% What's Fueling Thane's Property Boom? Massive Infrastructure Push: With projects worth ₹59,000 crore underway—including new metro lines, road upgrades, and connectivity to Mumbai, Navi Mumbai, and beyond—Thane's accessibility is rapidly improving. Affordable Luxury: A 2BHK in Thane (~650 sq. ft.) costs around ₹1.25 crore—at least 78% cheaper than a similar unit in Mumbai's western suburbs. Post-Covid Momentum: New housing supply surged 103% in FY23 over FY20, and sales jumped 78% by FY24, with 19,600 units sold. Buyer Preferences: Smaller, Smarter, and Skyscraper Living Between FY2020 and FY2025: 2BHKs accounted for 45% of new launches. 1BHKs came in close at 42%. Only 11% of launches were 3BHKs and just 2% were 4BHKs, reflecting demand for budget-conscious homes. Vertical growth is booming too—Thane now has 89 residential towers with 40+ floors, reflecting rising land scarcity and urban densification. Why Investors Are Still Interested Grade A Confidence: 47% of new supply is from top-tier developers, ensuring quality and buyer trust. Mid-Budget Sweet Spot: 44% of supply is priced between ₹80 lakh and ₹1.6 crore—a range that suits both end-users and investors. Consistent Demand: In Q1 FY26 alone, 3,130 homes were sold against 2,910 new launches—a healthy absorption rate. 'Thane is not just a satellite city anymore—it's a value-rich real estate magnet,' said Puri. "We are seeing a strong market inclination towards smaller residential units. On that front, Thane is at least 78% more affordable than suburban Mumbai. For instance, a 2BHK home with an average carpet area of 650 sq. ft. costs about INR 1.25 Cr, while in Mumbai's central suburbs it will cost around INR 2.11 Cr. In the western suburbs, it goes as high as INR 2.36 Cr – and this is just the BSP, not factoring in GST, registration, and other charges," Puri added. Where Is the Action? Top 5 high-growth micro-markets: Panchpakhadi & Naupada (Thane Central) Pokhran Road Majiwada-Balkum Kolshet Road Kasarvadavali These zones dominate new launches and are emerging as investment hotspots thanks to proximity to transport corridors and social infrastructure. At what price? Around 44% of Thane's residential supply is in the Rs 80 lakh to Rs 1.6 Cr. budget segment, which will likely dominate the market going forward given the prevailing capital value trends in the region, as per Anarock. Bottom Line: Should You Buy in Thane? Yes, if you want a long-term asset with solid appreciation potential—and especially if you're priced out of Mumbai's prime areas. The sweet spot remains 1–2BHKs in well-connected zones, ideally with upcoming infrastructure and from reputed developers. But be cautious of overpaying—prices have surged fast, and new supply is catching up. Focus on projects with clear delivery timelines and long-term growth prospects. Tip for First-Time Buyers: Use Thane's price differential to your advantage. Opt for under-construction homes from trusted names for the best value. Just remember to factor in GST and other hidden costs before signing.
