Thane is witnessing a surge in property demand, with prices rising by 15% over the past year. The city is emerging as a hub for affordable housing, with several large developers such as Godrej Properties and Tata Housing launching new projects in the area.
According to a report by Livemint, the average property price in Thane is around ₹7,000 per square foot, with luxury projects commanding prices upwards of ₹10,000 per square foot. The demand for property is driven by the city's growing economy, with several large companies such as IT and pharmaceutical firms setting up operations in the area.
For instance, a 2BHK apartment in a project in Thane can cost around ₹80 lakh, while a 3BHK apartment in a project in Navi Mumbai can cost around ₹1.2 crore. Companies such as CBRE and JLL are also seeing an increase in demand for commercial property in Thane, with several large companies setting up their offices in the area.
