Thane, a micro-market with a 7% contribution to the under- construction units in the MMR, witnessed its share in new launches inch up marginally from 7% in the first half of 2013 to 8% in the first half of 2014. A city of lakes, Thane has been developing rapidly over the last decade on account of its proximity to both Mumbai and Navi Mumbai. The arterial Ghodbunder Road has witnessed frenetic residential development over the last decade. To address the increasing density of vehicular traffic on this crucial connector to the western suburbs, the government has developed multiple flyovers along the stretch.
With quality mall developments and other social infrastructure for education and health developing rapidly, the appeal of this market has increased significantly.