Majiwade in Thane: Prices Are Up 33% Since 2021, Unsold Homes Are Falling, and Most Buyers Are 25 to 45

If you are in your thirties, juggling a job, a home loan conversation and maybe a young family, a Thane address may well have crossed your mind. A new report suggests you are far from alone.

It puts hard numbers on one Thane micro-market, Majiwade. My aim here is not to cheer or to warn, but to work out what those numbers mean for you, whether you are buying, selling, renting or owning a flat there from abroad.

On 30 October 2026, the Free Press Journal reported on the Majiwade Market Research Report (October 2026) by real estate analytics firm CRE Matrix. Here is what it says, in plain English.

What does the CRE Matrix Majiwade report say?

• Younger buyers lead. Buyers aged 25 to 45 made up 62% of residential registrations in Majiwade in 2026. Those aged 35 to 45 accounted for 34% of registered units, and those aged 25 to 35 for 28%.
• Prices are up about a third. The weighted average residential price rose 33.3%, from Rs 14,904 per sq ft in 2021 to Rs 19,861 per sq ft in 2026.
• Unsold homes are falling. Unsold inventory dropped 18%, from 5,641 units in Q3 2024 to 4,644 units in Q2 2026, close to 1,000 fewer homes waiting for a buyer.
• The overhang is shrinking. The inventory overhang came down from 17 quarters in Q1 2025 to 13 quarters in Q2 2026.
• Lots still under construction. Since 2018, 13,227 residential units across 34 MahaRERA-registered projects have been recorded in the micro-market, and 8,061 of them are under construction.
• A premium to Thane. Majiwade was priced above the broader Thane City market in nine of the 10 quarters from Q1 2024 to Q2 2026.
• A 2030 projection. CRE Matrix's base case puts average prices at Rs 24,600 to Rs 25,550 per sq ft by 2030, subject to market conditions and infrastructure progress.

CRE Matrix CEO Abhishek Kiran Gupta told the paper that Majiwade's residential market is "showing a measurable shift in its buyer profile and the pace of inventory absorption."

How much have Majiwade property prices actually risen?

Percentages can feel abstract, so let me put the report's averages on a simple example. Take a 650 sq ft home, purely as an illustration:

• At the 2021 average of Rs 14,904 per sq ft, that is about Rs 96.9 lakh.
• At the 2026 average of Rs 19,861 per sq ft, that is about Rs 1.29 crore.
• At the 2030 base-case range of Rs 24,600 to Rs 25,550 per sq ft, it would be roughly Rs 1.60 crore to Rs 1.66 crore.

That 2030 range works out to roughly 24% to 29% above today's average. My reading is that this is a useful direction of travel, not a number to bank on. These are averages across many projects, and the report itself ties the projection to market conditions and infrastructure. A specific flat can do better or worse depending on the building, the floor, the developer's record and how the rest of the city moves. If you want a number for your own home, a property valuation based on real comparable deals will serve you better than any average.

Why are buyers aged 25 to 45 choosing Majiwade?

The report gives us the "who", not the full "why", so I will be careful here. What the data does show is that the biggest single group of buyers, 34%, is aged 35 to 45. That is often the stage of upgrading to a bigger home or buying a first home after some years of saving. Another 28% are 25 to 35, which points to first-time buyers.

I'd treat this as a signal about the kind of demand you will meet in Majiwade: end-users who plan to live in the flat, often with a home loan, and who care about the monthly EMI as much as the headline price. If that is you, run your numbers on our EMI calculator and the wider buyer's tool hub before you visit sample flats, not after.

Is Majiwade oversupplied, or is the inventory clearing?

Both things are true at once, and that is worth understanding.

The trend is clearly better. Unsold stock is down 18% in under two years, and the overhang has fallen from 17 quarters to 13. But 13 quarters still means, in plain terms, that at the current pace of sales it would take a little over three years to sell what is already on the shelf. Add the 8,061 units still under construction, and you can see that buyers here are not short of options.

My take: this is a market where you can take your time, compare several projects and negotiate on payment plans, floor and inclusions. It is not one where you need to rush because "only two flats are left". If a site visit feels like a countdown clock, slow down.

What should you check before buying in Majiwade?

With 34 MahaRERA-registered projects recorded in the micro-market since 2018, a few basics matter more than the brochure:

1. Check the MahaRERA registration yourself. Look up the project number, the declared completion date and whether it has been extended. Our guide on checking a MahaRERA project before booking walks you through it.
2. Compare carpet area, not just the per sq ft rate. A lower rate on a different area basis can cost you more. Here is how carpet area and built-up area differ.
3. Look at resale as well as new launches. With so much under construction, a ready resale flat with an occupancy certificate may suit you better if you need to move soon. Browse what is on our live listings or new projects page.
4. Stress-test the loan. Plan for the EMI at a higher rate than today's, so a rate change does not squeeze your household budget.

If you are weighing Thane against other options, our Thane and Navi Mumbai comparison (linked under Related reading below) is a good next read.