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Residential Localities Top 10 Localities | Thane Magicbricks Prime Demand Drivers Top Localities QoQ YoY Connectivity and affordability driving Thane real Top Locality Rank Avg. Price Change Change estate market Ghodbunder Road 1 11,550 -0.6% 1% Thane is witnessing a strong demand for real estate, ascribed to its Dombivali 2 6,550 0.9% 7% proximity and connectivity to major employment hubs, and major Kalyan 3 5,300 -0.9% 1% infrastructure projects like Metros, road, and railway network. Western Thane 4 14,150 -0.6% -1% Majiwada 5 11,300 0.9% 5% According to PropIndex, an apartment Index recently released by Badlapur 6 3,850 1.3% 4% Magicbricks research, Dombivli, Kalyan, Ghodbunder Road, Ambernath 7 4,200 0.7% 5% Ambernath, Badlapur, Western Thane (Near Teen Hath Naka), Kolshet 8 11,750 2.2% 6% Majiwada, Kolshet, Vartak Nagar, and Bhiwandi have been rated as Vartak Nagar 9 12,200 1.2% 1% the most popular localities to buy home in Jan-Mar 2020 quarter. Bhiwandi 10 4,650 1.8% 8% For more information on localities in Thane, please visit: Note: Represents average locality prices in INR psf, with changes in prices in https://www.magicbricks.com/localities-in-thane Jan-Mar 2020 and last one year Source: Magicbricks Research Magicbricks Research Analysis Dombivli | INR 4,200 - 8,550 per sq ft. Kalyan | INR 3,150 - 8,100 per sq ft. Dombivli is the most preferred location of middle- income and budget- Well developed residential cum industrial area comprising affordable home buyers searching for homes in Thane. The locality includes areas segment multi- storey residential apartments. The locality also such as Dombivli East, Dombivli West, and Thakurli includes Ambivli, Titwala, and Ulhasnagar. Demand Drivers - Proximity to employment hubs, well developed Demand Drivers - Proximity to industrial areas, well established civic social and retail infra, good connectivity to Mumbai amenities, upcoming Metro rail Key Developers | Lodha Group, Runwal Developers, Marathon Realty, Key Developers | Raunak Group, Birla Estates, Mahindra Lifespaces, Regency Group, Happy Home Group, and Versatile Housing Godrej Properties, Tharwani Realty, Mohan Group, and Tata Housing Ambernath Bhiwandi Ghodbunder Ro.. Kolshet Vartak Nagar Null Badlapur Dombivli Kalyan Majiwada Western Thane Angaon Padgha Titwala Bhiwandi Diva Ambernath Thane East Badlapur Shilphata Vangani Hyde Park Shelu © OpenStreetMap contributors Neral Note: Above map highlights the top 10 localities of the city, with the size of the bubble depicting demand (consumer preference) for properties in the localities on Magicbricks website in 2020 Source: Magicbricks Research © magicbricks.com Page 1 Top 10 Localities | Thane Magicbricks Ghodbunder Road | INR 7,200 - 12,750 per sq ft. Ambernath | INR 3,450 – 4,900 per sq ft. Most sought after location by home buyers in Thane, comprising of One of the most favored destinations by affordable-home buyers in high rise residential apartments with proximity to employment hubs. Thane. It comprises of multi- storey residential apartments with adequate civic amenities. Many industrial areas surround this locality Demand Drivers – Well developed social and retail infrastructure, upcoming Metro, excellent connectivity to employment hubs in Thane, Demand Drivers – Affordable housing units, presence of major Mumbai and Navi Mumbai industrial areas, proximity and easy connectivity to other employment hubs in Mumbai and Thane Key Developers | Puranik Builders, Rosa Group, Acme Group, Raunak Group, Dosti Realty, Godrej Properties, Haware Group, Lodha Group, Key Developers | Panvelkar Group, Mohan Group, Tharwani Realty, and Hiranandani Group Nisarg Nirman Developers, Patel RPL Realty, and Royal Galaxy Badlapur | INR 3,150 – 4,550 per sq ft. Western Thane | INR 9,150 – 19,100 per sq ft. Popular destination for budget-home buyers in Thane. Adjacent to Upmarket residential locality in Thane, adjoining Eastern suburbs of Ambernath and in proximity to industrial areas, it comprises of multi- Mumbai. This includes the area around Teen Hath Naka, and storey residential apartments with a developing civic infrastructure. comprises premium high rise residential apartments by reputed developers. Demand Drivers – Affordable housing units, presence of major industrial area, proximity to other employment hubs in Thane. Demand Drivers – Well developed social and retail infrastructure, proximity to employment clusters, great connectivity to Mumbai and Key Developers | Panvelkar Group, Mohan Group, Akshar Group, Navi Mumbai Pranjee Properties, Arihant Superstructures, Poddar Housing, and Satyam Group Key Developers | Kanakia Spaces, Deep Homes and Constructions, Singhania Group, Spenta Corporation, Raghav Kalyan Estate Majiwada | INR 8,400 – 13,600 per sq ft. Kolshet | INR 8,850 – 14,250 per sq ft. Majiwada comprises of a wide range of mid to premium high rise One of the expensive and well-developed localities of Thane. Situated residential apartments by various reputed developers. It is in alongside mangroves and Vasai creek, this locality is surrounded by proximity to IT parks and industrial areas. The locality includes the ample greenery. The locality also includes Kolshet Road and Dhokali. areas of Majiwada and Balkum. Demand Drivers – Calm and serene neighborhood, well developed Demand Drivers – Well developed social and retail infrastructure, social and retail infrastructure, proximity to employment hubs in proximity to employment hubs, great connectivity to Mumbai Thane and Mumbai Key Developers | Lodha Group, Piramal Realty, Dosti Realty, Key Developers | Wadhwa Group, Kalpataru Group, Gala Group, Lodha Rustomjee, Runwal Developers, and Sheth Creators Group, and Regency Group Vartak Nagar | INR 9,100 – 15,150 per sq ft. Bhiwandi | INR 3,400 – 5,850 per sq ft. Vartak Nagar is a prominent locality comprising of a wide range of Bhiwandi is predominantly an industrial town near Mumbai, which is residential developments, from affordable housing schemes to high- evolving into an affordable residential area, driven by proximity to end apartments. It is centrally located, adjoining Wagle Estate, industrial areas and other employment hubs. Kapurbawdi, and Pokhran Roads 1 and 2. Demand Drivers – Presence of major industrial areas in its vicinity, Demand Drivers – Presence of public transport with good frequency; affordable housing units, connectivity to Mumbai and Nashik proximity to malls, schools, and employment hubs Key Developers | Arihant Group, Squarefeet Group, Karnani Group of Key Developers | Puranik Builders, Raunak Group, Runwal Developers, Companies, Ornate Buildcon Developers, and Sai Balaji Developers and Natasha Developers For more information on localities in Thane, please visit: https://www.magicbricks.com/localities-in-thane For more information and research related queries, please contact: Surabhi Arora | Head of Research Devendra Lohmor | Chief Manager Deepak Rajput | Sr. Research Analyst [email protected] [email protected] [email protected] Disclaimer: The data represented above is compiled by MagicBricks from multiple sources. MagicBricks gives no warranty, express or implied, as to the accuracy, reliability, and completeness of any information and does not accept any liability on the information which may or may not be subject to change from time to time due to Governmental or non Governmental regulations/directions. © magicbricks.com Page 2.
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