Thane has seen a significant increase in rentals over the past year, with a 15% rise in the average rent for a 2BHK apartment. According to a report by Magicbricks, the average rent for a 2BHK apartment in Thane has increased from ₹18,000 per month to ₹20,500 per month.
Experts attribute this to the growing demand for housing in the area, with many homebuyers and renters looking for affordable options. The report also states that the demand for rentals in Thane is expected to continue to rise, with a projected growth of 10% in the next year.
As the demand for housing continues to increase, experts predict that the rentals in Thane will only continue to rise, with a projected growth of 5% in the next quarter alone. The rentals in nearby areas like Navi Mumbai and Panvel are also expected to rise, with a projected growth of 10% in the next year.
Companies like DLF and Prestige Group are among the top developers in the area, with a wide range of projects available.
