Thane - Property Price Overview
Thane, the Lake City, is located in the northeastern suburb of Mumbai. Spreading over an area of 147 square kilometers, Thane is the 16th populous city in India with a population of 2.4 million according to the 2011 census. Traces of this city could be found in manuscript that dates back to about 2,000 years. This ancient city is a witness to many historic events, including the start of the largest railway network of the world, The Indian Railway. The city transformed into an industrial city in 1960s and 1980 changed the face of the city all together, with the boom in the field of business, transport and real estate activities. The city is now known not just for these advancements but also for its planning and neatness.
Top 5 localities in Thane on the basis of maximum real estate action are Ghodbunder Road, Thane West, Majiwada, Manpada and Vasant Vihar. The average per square feet (psf) rate for Thane in March’12 is around 7278/- which is a rise of 14% in the past 12 months.