Thane has witnessed a significant real estate boom, with over 10 new projects launched in the past quarter. According to data from property consultants, the average price of a residential apartment in Thane has risen to ₹1.2 crore, with areas like Ghodbunder Road and Kasarvadavali witnessing the highest demand.
The growth in demand is primarily driven by the increasing connectivity to Mumbai, with the upcoming infrastructure projects like the Mumbai-Nagpur highway and the Thane-Borivali tunnel. Developers like Tata Housing and Godrej Properties are capitalizing on this trend, launching new projects in the area.
The demand for residential properties in Thane is also driven by the growing presence of IT companies and startups in the area, with many professionals looking for affordable and convenient housing options. As the real estate market in Thane continues to grow, industry experts expect property prices to remain high, with a focus on areas like Kalyan and Dombivli.
