31/07/2020 Top localities in Thane for buying properties and renting homes
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BY SNEHA SHARON MAMMEN (HTTPS://HOUSING.COM/NEWS/AUTHOR/SNEHA-SHARON-MAMMEN/) | JULY 31, 2020 Top localities to consider in Thane and beyond, in 2020
Here’s all you need to know about the Thane property market and the top localities to buy or rent houses
Table of Contents [hide]
Overview of price trends in Thane 1. Kalyan 2. Ambernath 3. Badlapur 4. Dombivli https://housing.com/news/top-localities-in-thane-maharashtra/ 1/10 31/07/2020 Top localities in Thane for buying properties and renting homes 5. Ghodbunder Road and Kasarvadavali FAQs
Over the years, areas adjacent to Mumbai have become popular, because of their affordability. Among these, Thane district, once a sleepy hamlet, has developed at a consistent pace over the past few years. Here is all you need to know about the micro-market and the top localities in Thane.
Overview of price trends in Thane
1. Kalyan
A part of the Mumbai Metropolitan Region (MMR), Kalyan may be small but it is strategically located, when it comes to the connectivity it offers. While east Kalyan is growing faster, west Kalyan also has developed infrastructure. The suburban railway line divides Kalyan into east and west. When it comes to affordable housing, builders in Thane tend to turn to Kalyan, as it helps them to fulfill the demand from budget-conscious buyers.
https://housing.com/news/top-localities-in-thane-maharashtra/ 2/10 31/07/2020 Top localities in Thane for buying properties and renting homes Kalyan offers smooth connectivity via roads and rail. It is served by major highways, such as NH-3, NH-4 and the Eastern Express Highway, as well as the local railway station. The airport is eight kilometres away. The Kalyan-Dombivali Municipal Transport (KDMT) serves the area.
Popular areas in Kalyan west, beyond Thane
Locality Average price per sq ft
Godrej Hill Rs 6,309
Chanakya Nagar Rs 5,963
Gandhar Nagar Rs 7,056
Raunak City Rs 5,703
Yogidham Rs 7,045
Jijamata Colony Rs 6,107
Adharwadi Rs 6,017
Sapad Gaon Rs 5,786
Swanand Nagar Rs 9,025
Manik Colony Rs 7,373
Check out properties for sale in Kalyan west (https://housing.com/in/buy/mumbai/kalyan_west)
Popular areas in Kalyan east, beyond Thane
Locality Average price per sq ft
Tisgaon Rs 5,510
Tisgaon Naka Rs 7,075
Kolsewadi Rs 4,772
Neelkanth Nagar Rs 5,591
Prabhuram Nagar Rs 4,000
Check out properties for sale in Kalyan east (https://housing.com/in/buy/mumbai/kalyan_east)
2. Ambernath
The upcoming Chikoli railway station is likely to bring relief to commuters travelling between Ambernath and Badlapur. This will also determine investment pattern in and around the area. The Navi Mumbai International Airport (https://housing.com/news/impact-of-navi-mumbai-airport-on-
https://housing.com/news/top-localities-in-thane-maharashtra/ 3/10 31/07/2020 Top localities in Thane for buying properties and renting homes mumbai-property-prices/) will also be accessible via a highway. The only caution that prospective home buyers should consider, is that the property should be in a designated land and not forest area.
Average property price: Rs 4,100 per sq ft.
Average rental price: Rs 6,480 per month.
Check out properties for sale in Ambernath west (https://housing.com/in/buy/mumbai/ambernath_west)
3. Badlapur
Badlapur, like any other area in and around Thane, has emerged from being an industrial area to a residential hub. The area enjoys reasonably good social infrastructure, with proper healthcare, financial and educational facilities in the area. Home buyers mainly flock to this area, because of its affordability.
Average rental price: Rs 5,460 per month.
Popular areas in Badlapur west
Locality Average price per sq ft
Valivali Gaon Rs 3,684
Shanti Nagar Rs 4,768
Shaninagar Rs 3,865
Manjarli Gaon Rs 3,982
Sarvodaya Nagar Rs 4,101
Check out properties for sale in Badlapur west (https://housing.com/in/buy/mumbai/badlapur_west)
Popular areas in Badlapur east
Locality Average price per sq ft
Patil Pada Rs 3,851
Check out properties for sale in Badlapur east (https://housing.com/in/buy/mumbai/badlapur_east)
https://housing.com/news/top-localities-in-thane-maharashtra/ 4/10 31/07/2020 Top localities in Thane for buying properties and renting homes 4. Dombivli
Dombivli is an ideal location for people looking for properties for end-use, as well as investment, with many options available. Two suburban railway lines serve the area, thereby, making it easy for those who work in areas further away to commute. The upcoming airport will enhance the prospects of Dombivli and areas around it. In terms of social infrastructure, Dombivli is developing and offers a comfortable lifestyle.
Average rental price: Rs 12,500 per month.
Popular areas in Dombivli
Locality Average price per sq ft
Dombivli east Rs 6,135
Dombivli west Rs 6,682
Thakurli Rs 7,130
Kalu Nagar Rs 6,909
Desale Pada Rs 5,487
Kumbharkhan Pada Rs 6,286
Mhatre Nagar Rs 7,057
Nava Pada Rs 7,034
Devichapada Rs 6,209
Ramnagar Rs 8,945
Check out properties for sale in Dombivli west (https://housing.com/in/buy/mumbai/dombivli_west)
5. Ghodbunder Road and Kasarvadavali
The two areas together provide a lot of affordable options for prospective home buyers. The metro rail corridor (https://housing.com/news/mumbai-thane-metro-line-finally-become-reality/) between Wadala to Kasarvadavali on Ghodbunder Road, will provide smooth connectivity. Besides, Ghodbunder Road is a connector between the Eastern Express Highway (EEH) and the Western Express Highway (WEH). Given the connectivity, the area has witnessed projects by some of the most popular developers. Kasarvadavali comes under Ghodbunder Road and has also seen some good projects and infrastructure development, over the years.
Average property price: Rs 10,761 per sq ft.
Average rental price: Rs 23,092 per month. https://housing.com/news/top-localities-in-thane-maharashtra/ 5/10 31/07/2020 Top localities in Thane for buying properties and renting homes Check out properties for sale on Ghodbunder Road (https://housing.com/in/buy/mumbai/ghodbunder_road_thane)
FAQs
Can I get good rental returns in Thane?
Thane is a popular micro-market with rental values averaging at Rs 24,400 per month, as of June 2020. The rents range between Rs 5,000 and Rs 2 lakhs per month.
What is the average rent in Hiranandani Estate?
The average rent in Hiranandani Estate is Rs 34,174 per month.
What are the popular locations in Thane to buy or rent property?
Popular locations in Thane to buy or rent property include Dombivli, Ghodbunder Road, Kalyan, Ambernath and Badlapur, among others.
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