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Top 5 Localities to Buy Property in Thane for Long-Term Living
According to reports, Thane is projected to cross 3 million residents by 2030, cementing its position as one of the fastest-growing residential hubs of the MMR. This transformation is because, with the growing infrastructure, people are choosing it as a long-term plan, making long-term investments.
But within Thane, there are numerous micro markets, some more worth investing in than others. The confusion about where to invest is obvious because the choice depends on many factors, such as connectivity, social infrastructure of the area, property price growth rate, rental yield, and many more.
So, in this blog, we will get to know about the best 5 localities to buy a property in Thane for the long term, the factors to consider, and how to make that choice.
Factors to Consider Before Long-Term Investment In Thane
Buying a property for the long term is not just about the current location and price. A home should also support your lifestyle in the upcoming years. Before investing in any property, one should consider the present factors and the future outlook of that property and the area surrounding it.
The points below list the factors to consider before making a long-term investment.
- Connectivity and Infrastructure
- Reputation of the Developer
- Appreciation Potential
- Rental Yield
- Amenities
- Legal Due Diligence
1. Majiwada
Majiwada is one of the most highly sought-after localities in Thane. This is mainly because of its location at the junction of Eastern Express Highway, Ghodbunder Road, and the Mumbai-Nashik corridor.
Thane Railway Station works as the daily commute resource, only 14 minutes away from this locality. High Street Mall and Boulevard Mall offer retail and recreational facilities. The locality is self-sufficient, with top schools, hospitals, and outing spots within its vicinity. With the upcoming Mumbai Metro Line 4, this neighbourhood will be even more well-connected to the entire MMR.
Majiwada has seen more than 30% property appreciation in the last 5 years. The area sees about 3% rental yield. Residents are also drawn to it because of the balance of development and greenery it offers. The Oxygen Park with 15,000+ trees is a major highlight.
Majiwada houses some of the best properties in Thane; some of them are listed below.
| Project name | Configuration | Price |
| Rustomjee Urbania | 1, 2, 3 BHK | ₹ 1.49 Cr onwards |
| Sheth Vasant Lawns | 2, 3, 4 BHK | ₹ 1.99 Cr onwards |
| Rustomjee Verdant Vistas | 3, 4 BHK | ₹ 2.94 Cr onwards |
2. Pokhran Road
Known as the “Malabar Hill of Thane”, Pokhran Road is high on the list of top localities in Thane. The area is highly preferred for its green surroundings and peaceful environment, making it suitable for long-term living. Its proximity to Yeoor Hills, Sanjay Gandhi National Park, and the scenic Upvan Lake gives it a residential appeal.
Pokhran Road also gets excellent connectivity with easy access to Mumbai and Navi Mumbai via the Eastern Express Highway and Ghodbunder Road. The area is also surrounded by reputed schools, hospitals, and malls such as Korum and Lake Shore Mall.
Investment-wise, Pokhran has also emerged as a strong option. With average property prices around ₹19,850 per sq. ft. and over 388 residential properties available, the locality has witnessed nearly 19.2% property price appreciation over the last five years.
Below are the best properties in Pokhran for long-term living.
| Project name | Configuration | Price |
| Shapoorji Northern Lights | 1, 2, 3 BHK | ₹ 1.8 Cr onwards |
| Neelkanth Lake View | 3, 4 BHK | ₹ 3 Cr onwards |
| Raymond TenX Habitat | 1, 2 BHK | ₹ 1.15 Cr onwards |
3. Ghodbunder Road
Ghodbunder Road is one of the fastest-developing residential stretches in Thane. The locality connects the Eastern Express Highway and Western Express Highway, making travel towards Mumbai, Navi Mumbai, and the western suburbs easier. This connectivity has made it one of the best residential localities in Thane.
The locality is also preferred for its balance of development and greenery. Yeoor Hills and Sanjay Gandhi National Park are located nearby, giving the area a more open and residential feel. Ghodbunder Road is also well-equipped with schools, hospitals, malls, and daily convenience stores.
Infrastructure growth has further increased demand in the area. The upcoming Mumbai Metro Line 4 is expected to improve connectivity across Thane and Mumbai. Thane Railway Station remains the nearest major railway hub for daily commuters.
| Project name | Configuration | Price |
| Godrej Emerald | 1.5, 2, 3 BHK | ₹ 95 Lakhs onwards |
| Runwal 25 Hour Life | 1, 2, 3, 4 BHK | ₹ 89 Lakhs onwards |
| JP Codename Lottery | 1, 2 BHK | ₹ 44 Lakhs onwards |
4. Hiranandani Estate
Hiranandani Estate is one of the most well-planned and premium residential townships in Thane. Located along Ghodbunder Road, the locality is known for its wide roads, greenery, and strong social infrastructure. Spread across nearly 375 acres, the township has become a preferred choice for families and working professionals.
The locality is largely self-sufficient, with schools, hospitals, offices, restaurants, and retail spaces within the township itself. Hiranandani Foundation School, Hiranandani Hospital, and The Walk are some of its major landmarks. Residents prefer the area for its organized layout and convenient lifestyle.
Hiranandani Estate also benefits from good connectivity through Ghodbunder Road and the Eastern Express Highway. The upcoming Metro Line 4 is expected to further improve connectivity across Thane and Mumbai.
Here are some of the best residential properties in Hiranandani Estate.
| Project name | Configuration | Price |
| Hiranandani Solitaire | Studios, 1 BHK | ₹ 60.5 Lakhs onwards |
| Hiranandani Westgate | 2, 3, 4 BHK | ₹ 1.46 Cr onwards |
5. Kolshet Road
Kolshet Road has emerged as one of the fastest-growing residential corridors in Thane. Once known for its industrial pockets, the locality has transformed into a premium residential belt because of large-scale infrastructure development and improved connectivity.
The locality is also known for its greener surroundings compared to many other parts of Thane. The recently opened NaMo Grand Central Park, spread across nearly 20 acres, has become one of the biggest highlights of the area.
Kolshet Road continues to see strong residential demand because of upcoming infrastructure projects like Metro Line 4 and improved road connectivity towards Mumbai and Navi Mumbai. This locality has 900+ properties to buy. Property prices in the area have seen consistent appreciation over the last decade, with 23.8 % growth in the last 3 years. Average property rates per square foot in Kolshet Road stood around ₹ 19,800 per sq ft.
The table below shows some of the top properties in this locality in Thane.
| Project name | Configuration | Price |
| Kalpataru Primera | 2 BHK | ₹ 89 Lakhs onwards |
| Godrej Ascend | 1, 3 BHK | ₹ 99 Lakhs onwards |
| Runwal Lands End | 2 BHK | ₹ 1.25 Cr onwards |
FAQs
Which is better Thane East or West?
Both are strong choices, but Thane West is more developed in terms of infrastructure, connectivity, and the quality of properties located in the area.
Which area in Thane has the most greenery?
For residential purposes, Kolshet Road and Hiranandani Estate are surrounded by greenery due to their proximity to Sanjay Gandhi National Park, Yeoor Hills and Upavan Lake.
What is the rich society in Thane?
Sheth Avalon township is one of the most posh areas in Thane. Some of the other posh projects in Thane include Rustomjee Verdant Vistas, Raymond TenX Habitat, etc.
Where are the posh areas in Thane?
Hiranandani Estate, Pokhran Road (1 & 2), Vasant Vihar, and Ghodbunder Road are some of the most posh areas in Thane.
Which tier city is Thane?
Thane is officially classified as a Tier 1 city.
