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Maharashtra is among the highly developed and urbanised states in India. It is known for its extensive coastline and Sahyadri mountain ranges. The state is well-known for its talented workforce and thriving corporate ecosystem. It has an excellent connectivity network via the roadways, railways, metros, airways, and waterways.
The population of the state is estimated to be 12.83 crores as of 1st March 2025, as mentioned in the Economic Survey of Maharashtra 2024-25. People from other states in India are migrating to various cities in Maharashtra for employment opportunities.
The GDP of Maharashtra is expected to rise by 7.3% in 2024-25, surpassing the estimates of 2023-24. Sound infrastructure, exponential business growth, upmarket real estate, vibrant lifestyle, skilled human resources, and efficient connectivity have made Maharashtra a progressive state.
Let’s dive more into this state through the top cities in Maharashtra. This blog presents the finest metro cities in Maharashtra that offer an array of advantages and unique features.
Note:
Homebazaar serves homebuyers searching for flats in Maharashtra with end-to-end services like site visits, lower-interest home loans, to property registration guidance. We provide the best price options & offers for 1 to 4 BHK RERA-registered flats, villas & penthouse properties in Maharashtra. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.
Mumbai
Mumbai is the most developed, densely populated, and one of the top cities in Maharashtra. Along with being the capital of Maharashtra, Mumbai is also the financial capital of India. It has grown exponentially in the last few decades and has become one of the most expensive cities in India.
Mumbai has sound economic and social infrastructure, advanced safety and emergency facilities, an upmarket education system, multi-tier health care, booming commerce, etc. All these factors have made Mumbai the most anticipated among the metro cities in Maharashtra.
Mumbai Metropolitan Region is expected to have a $1.5 trillion economy by 2047, as stated in the Maharashtra Budget 2025 by Deputy Chief Minister Ajit Pawar. With around ₹ 13.23 trillion in GDP growth, Mumbai is the largest metropolitan city in India in terms of GDP.
The real estate sector of Mumbai is also burgeoning with robust demand for premium properties. First among the top 5 cities in Maharashtra, the luxurious status of Mumbai is attracting several homebuyers from all over the country and even NRIs to invest in the housing market. The city has witnessed a price appreciation of around 12% in 2024.
Which is the most expensive location in Mumbai?
Malabar Hill is the most expensive area in Mumbai, and it houses top industrialists, politicians, etc. It offers scenic views of the Arabian Sea. The average property rate in Malabar Hill is ₹ 75,000 per sq. ft.
Is real estate investment profitable in Mumbai?
Real estate investment in Mumbai assures consistent price growth due to its abundant employment opportunities, exceptional infrastructure, and advanced lifestyle.
Which are the best places to invest in Mumbai?
Andheri, Worli, Chembur, Powai, Kandivali, Panvel, and Mira Road are some of the best places to invest in Mumbai.
Which are the fastest-growing localities in Mumbai?
Panvel, Vikhroli, Kandivali, Vashi, Goregaon, Malad, and Jogeshwari are the fastest-growing localities in Mumbai.
Why are properties in South Bombay expensive?
Due to its prime location, upscale neighbourhood, sea views, limited land availability, and rising demand for affluent homes, properties in South Bombay are consistently expensive.
Also read: Top 20 Developed Cities In India
Thane
Thane is one of the cities in the Mumbai Metropolitan Region, known for its scenic surroundings and lakes. The real estate industry is burgeoning in Thane due to its excellent infrastructure, upcoming connectivity options, and an array of business hubs. Top companies have their headquarters and branch offices in Thane.
The Gross Domestic Product of Thane was ₹ 3,56,248 Crores in 2023-24. Thane has become one of the most coveted addresses in Maharashtra for living. Thane is equipped with reputed schools, hospitals, retail outlets, recreational parks, etc.
Some of the key localities in Thane, such as Majiwada, Pokhran Road, Ghodbunder Road, Balkum, Kolshet, etc., are emerging as prime housing hotspots. The affordability aspect has been advantageous in attracting people to Thane.
Is Thane the best city to live in Maharashtra?
Thane is one of the top cities in Maharashtra due to its great connectivity via buses, autos, roadways, railways, and an upcoming metro route. The surroundings of Thane are serene, peaceful, and less polluted, for a healthier lifestyle.
Is Thane better than Mumbai for real estate investment?
Thane offers premium housing options at a relatively affordable price than Mumbai. Properties in Thane come with larger carpet areas and advanced amenities that assure you better returns.
Why is Ghodbunder Road an ideal location to invest in?
Ghodbunder Road is the most sought-after location in Thane for residential investment. Ghodbunder Road is a mediator between the Eastern and Western Express Highways and has upcoming metro connectivity that will upgrade the lifestyle in the region.
Is it worth buying an apartment in Thane?
The strategic location of Thane keeps it closer to Central Suburbs, Western Suburbs, and Navi Mumbai via various connectivity mediums. Upcoming connectivity projects and extensive infrastructural growth will add value to your housing investment in Thane.
Which are the posh areas in Thane?
Ghodbunder Road, Kolshet Road, Pokhran Road 2, and Majiwada are the posh areas for real estate investment in Thane.
Read more: Top 10 Richest Cities In India
Navi Mumbai has also placed itself among the top cities in Maharashtra. Being a substitute for Greater Mumbai, Navi Mumbai is poised to become the satellite city of Maharashtra. The ongoing residential, commercial, industrial, and infrastructural developments in Navi Mumbai are outlining the ambitious future of the city.
Navi Mumbai is known for its commercial hubs, finance, BPO, logistics, and real estate companies. The localities in Navi Mumbai are administered by Navi Mumbai Municipal Corporation and CIDCO. The city has meticulously planned civic amenities and seamless connectivity.
These factors underscore the investment potential of Navi Mumbai, which is attracting homebuyers from various cities in India. Navi Mumbai has become the preferred destination for those looking for a home in Mumbai. Navi Mumbai offers reasonable yet premium housing options and is well-connected to Mumbai via railways and roadways.
The property prices in Navi Mumbai have appreciated by 5% to 10% in 2024. Some of the top and premium localities in Navi Mumbai for property investment include Vashi, Seawoods, Kharghar, Nerul, Belapur, Panvel, Ulwe, etc.
It also hosts some of the best social landmarks, such as the Bharati Vidyapeeth, DY Patil University, NIFT, DY Patil Hospital, DY Patil Stadium, JW Marriott Hotel, Central Park, Kharghar Valley Golf Course, ISKCON Temple, and upcoming International Corporate Park, to name a few.
Read also: List of Metropolitan Cities in India
Palm Beach Road, Seawoods, Nerul, Vashi, and Belapur are the expensive areas in Navi Mumbai due to their picturesque location. Smooth connectivity and well-laid infrastructure add to the advantage of Navi Mumbai.
Yes, Navi Mumbai is the best city in Maharashtra, with several ambitious infrastructure projects, proper civic amenities, sprawling greenery, and reserved open spaces. It will soon become one of the metro cities in Maharashtra.
The Navi Mumbai International Airport is nearing completion and is expected to begin passenger services by May 2025. Post the flight operations, property prices in Navi Mumbai will skyrocket.
Know about: Top 5 satellite cities in India
Pune
Pune is one of the popular metro cities in Maharashtra and India. It is the preferred residential destination for the working class and IT professionals. Pune is known as the Oxford of the East and the hub of the IT sector in Maharashtra. It hosts hundreds of students and working individuals who have migrated from other parts of the country for educational and employment purposes.
The Gross Domestic Product (GDP) of Pune was ₹ 2,81,986 Crores in 2023-24, highlighting its flourishing economy. The industrial, manufacturing, FMCG, finance, and IT sectors of Pune have accelerated their economic growth. Several companies are planning to set up their branch offices and head offices in Pune, owing to its affordability compared to Mumbai and Bangalore.
Pune is known for its rooted tradition and enriched cultural heritage through its historical monuments, religious places, forts, festivals, and Ganesh Chaturthi. It has outstanding infrastructure in the form of solid roadways, public transport, railways, and an airport. The metro connectivity has connected the peripherals to the core area of Pune.
Pune offers affordable to ultra-luxury residential projects across its prominent localities like Hinjewadi, Hadapsar, Aundh, Tathawade, Baner, Kharadi, Viman Nagar, Pimpri-Chinchwad, etc. Pune has witnessed a property price hike of around 12% in a year, with progressive rental growth. This can be attributed to the growing demand for premium properties within the proximity of commercial hubs in Pune.
Is living in Pune more costly than in Mumbai?
Living in Pune is more affordable than living in Mumbai. Pune offers affordable housing options and cost of living compared to Mumbai, thereby being one of the top cities in Maharashtra.
Which are the posh areas in Pune?
Koregaon Park, Viman Nagar, Erandwane, Boat Club Road, Kalyani Nagar, and Baner are the posh areas with luxurious properties in Pune.
Is it a good time to buy a flat in Pune?
The ongoing development of the Pune Metro and Pune Ring Road, along with IT expansion, underscores the ambitious investment potential of Pune.
What is the price range of PG accommodation in Pune?
The PG accommodation rates in Pune range from ₹ 3,000 to ₹ 15,000, depending on the sharing preference, location, and other facilities.
Which are the top builders in Pune?
Godrej Properties, Lodha Group, Rohan Builders, Nyati Group, Kolte Patil Developers, and Gera are some of the top builders in Pune.
Check this out: Top Ten High-Tech Cities In India
Nagpur
Nagpur, known as the Orange City, is proposed to be among the top ten cities in the Smart City Project of India. It is one of the fastest-growing cities in Maharashtra. It is anticipated to become a prominent IT hub in the coming decade. Rapid urbanisation, infrastructure developments, employment opportunities, and reasonable housing options are urging individuals to invest in Nagpur.
Nagpur is the leading Tier 2 city in India and a prominent one among the top cities in Maharashtra. The city is outperforming other major cities with its extensive commercial developments and connectivity advancements. These factors are transforming the real estate landscape of Nagpur, presenting a range of affordable to luxury investment opportunities.
The exponentially growing IT sector, Nagpur International Airport, MIHAN, and the metro connectivity have surged the demand for residential properties in Nagpur. Due to its affordability and a huge scope for spacious apartments, homebuyers are opting for this residential market instead of Mumbai, Pune, and Bangalore.
Nagpur is a centralised logistics hub in Maharashtra and hosts the largest industrial hub, Butibori Industrial Estate. This industrial hub comprises some of the top international companies, such as Bharat Petroleum Corporation Ltd, Gammon India, ACC Machinery, Hyundai Unitech, Universal Agro Chemicals, etc.
Read about: Top Tier 2 Cities In India
Is real estate investment in Nagpur profitable?
Nagpur is yet another best city in Maharashtra. Property prices in Nagpur are expected to appreciate remarkably in 5 years with the ongoing infrastructural developments and economic growth led by the commercial and industrial sectors.
Is Nagpur becoming the next IT hub in Maharashtra?
Nagpur is set to become one of the prominent IT hubs in Maharashtra and India. With the ongoing development of MIHAN, the government is set to establish the Global Capacity Centre at the Special Economic Zone in Nagpur.
Nashik
Nashik is the third-largest city and one of the top 5 cities in Maharashtra. It is growing rapidly in terms of housing, infrastructure, and commercial development. Nashik holds prominence as a religious place and a pilgrimage site. It is also called the Wine City of India due to its extensive vineyards.
Nashik is also a part of the Smart City Mission by the Government of India. In the coming decade, Nashik will transform exceptionally in terms of Transit-Oriented Development. This will enhance connectivity and economic growth in the city.
Anticipating the growth of the city, real estate investment in Nashik has been increasing deliberately. This beautifully planned city offers a peaceful environment to live in and a futuristic commercial growth. With the presence of educational centres and IT corridors, Nashik has become a hotspot for housing opportunities. Being one of the top cities in Maharashtra, Nashik presents affordable housing options to luxurious residences with curated facilities.
Its centralised location between Mumbai and Pune adds to its advantage. This aspect makes it an ideal and affordable option for working professionals who cannot afford to reside in Mumbai and Pune. The hybrid work model is expected to boost the residential demand in the city.
Is Nashik an ideal place to live in Maharashtra?
Nashik is a rapidly developing city in Maharashtra and offers sound civic, social facilities, and business hubs, ensuring a comfortable yet upgraded lifestyle.
Is Nashik good for residential investment in 2025?
Along with the present infrastructure, the upcoming IT hubs, industrial expansion, and government initiatives, Nashik will continue to appeal to business professionals, investors, and homebuyers alike.
Read also: Top 10 fastest-growing cities in India
Kolhapur
Kolhapur is a traditionally rooted city with some of the well-known educational institutions, such as Shivaji University, Rajashree Chh. Shahu Maharaj Government Medical College, DY Patil College of Engineering, Sanjay Ghodawat University, etc. Kolhapur holds the highest position, along with a few other districts in India, in terms of the Human Development Index.
Kolhapur is one of the highly industrialised cities in Maharashtra. The majority of its population resides in an urban setting. This city is well-connected through roadways and railways. Being within the proximity of Pune and Mumbai, Kolhapur offers a great investment opportunity for housing. Compared to Mumbai and Pune, property prices in Kolhapur are significantly lower.
The industrial and commercial developments in Kolhapur are remarkably increasing. It is an ideal location for a safer and peaceful lifestyle.
Is Kolhapur a good place to live?
Kolhapur has ranked highest in the Human Development Index in Maharashtra. Kolhapur offers a pleasant environment for living with excellent lifestyle facilities.
What is the price of a 1 BHK flat in Kolhapur?
The price of a 1 BHK flat in Kolhapur is between ₹ 12.50 Lakhs – ₹ 52 Lakhs, depending on the location and facilities.
Is there an airport in Kolhapur?
Kolhapur Airport is successfully operating in Kolhapur and has positively influenced the housing demand in Kolhapur.
Which are the emerging localities in Kolhapur for real estate investment?
Ichalkaranji, Tarabai Park, Kagal, and Rajarampuri are the top emerging localities in Kolhapur for real estate investment.
Amravati
Amravati is one of the top cities in Maharashtra proposed under the Smart City Mission. It is the 9th largest city of Maharashtra and the most populated city in the Vidharbha Zone. It is situated amid the confluence of the Wardha and Bhima rivers and comprises renowned green zones like the Melghat Tiger Reserve and Chikhaldara Hill Station.
Apart from this, Amravati is a bustling metropolis in Maharashtra with a perfect fusion of old-age tradition and contemporary lifestyle facilities. Amravati City is a booming urban centre with exceptional road connectivity, industrial bases, reputed educational institutes, and medical centres.
The employment opportunities are relatively low here, however, the city is poised to develop top commercial hub in the coming years. The agriculture, textile, and cotton mill industries majorly contribute to the economy of Amravati.
The real estate sector is also growing with increased demand for open plots. The potential for sound infrastructure and commercial development is assuring homebuyers and investors of long-term returns. Due to the presence of top educational institutions and industrial hubs, the rental demand in Amravati is always high.
Is Amravati a smart city in Maharashtra?
Amravati is included in the proposed Smart City Mission by the state government and the Central Government.
What is the price range of plots in Amravati?
The price of plots in Amravati ranges between ₹ 5 Lakhs to ₹ 2 Crores, depending on the location.
Which are the best areas to live in Amravati?
Arjun Nagar, Badnera, Sai Nagar, Rajapeth, and Kathora are the best areas to live in Amravati.
How is the real estate market in Amravati, Maharashtra?
Amravati is the fastest-growing city in Maharashtra and offers promising real estate opportunities.
