Majiwade, located in Thane, has emerged as a prominent residential real estate destination, supported by its strategic location, established social infrastructure, commercial developments, and improving connectivity. Positioned at the junction of the Eastern Express Highway, Ghodbunder Road, and Nashik Highway, the locality offers access to employment hubs and everyday conveniences.
According to CRE Matrix’s Majiwade Market Research Report (October 2026), the locality has recorded substantial residential development since 2018. The report identifies 13,227 housing units across 34 RERA-registered projects.
The market’s performance reflects a combination of sustained buyer interest, evolving housing preferences, and property price appreciation. While new residential supply continues to enter the market, declining unsold inventory and a reduction in inventory overhang indicate improving market absorption. These trends, along with upcoming infrastructure developments, make Majiwade an important micro-market to watch in Thane’s residential real estate landscape.
What Makes Majiwade an Attractive Residential Destination?
Majiwade benefits from well-established social infrastructure, including schools, hospitals, shopping malls, and commercial establishments. Five malls, including Lake City Mall, High Street Mall, Viviana Mall, Boulevard, and WonderMall, are located within 1 km of Majiwade junction. Healthcare facilities such as Jupiter Hospital and Mercurrey Hospital are also within 1 km, while 12 hospitals are accessible within 3 km.
The locality also offers access to reputed educational institutions, including CP Goenka International School and Lodha World School. Additionally, ten commercial hubs are located within 3 km, including iTHINK Techno Campus, Thane One and Orion Business Park. The commercial hubs currently account for 11.4 million sq. ft. of active leased area. Another 9.1 million sq. ft. of leasable space is in the pipeline.
Residential Demand and Supply Trends in Majiwade
Of the 13,227 residential units recorded across 34 projects, 5,166 units (39%) have received Occupancy Certificates, while 8,061 units (61%) remain under construction. More than 8,000 homes are scheduled for delivery between 2026 and 2031, with 2029 expected to witness the highest supply of 2,741 units.
Majiwade’s residential market has also recorded improving inventory absorption. Unsold inventory declined 18% from its peak of 5,641 units in Q3 2024 to 4,644 units in Q2 2026. Inventory overhang also reduced from 17 quarters in 2025 to 13 quarters in Q2 2026, indicating an improvement in the pace of sales.
In terms of housing preferences, 1/1.5 BHK and 2/2.5 BHK apartments account for 82% of launches and 75% of registrations. Interestingly, 3/3.5 BHK homes account for 20% of registrations against 14% of supply, indicating stronger demand relative to their availability.
Property Price Trends: Majiwade Records 33.3% Appreciation
Residential property prices in Majiwade have appreciated consistently, increasing from ₹14,904 per sq. ft. in 2021 to ₹19,861 per sq. ft. in 2026, representing a 33.3% rise. The locality was priced above Thane City in nine out of ten quarters between Q1 2024 and Q2 2026. In Q2 2026, its weighted average price stood at ₹19,899 per sq. ft., compared with ₹18,707 per sq. ft. in Thane City.
Among neighbouring micro-markets, Majiwade ranked second only to Kavesar, which recorded ₹21,327 per sq. ft. in 2026. At the developer level, Lodha Group recorded the highest weighted average price at ₹21,970 per sq. ft., followed by Rustomjee at ₹21,084 per sq. ft.
Majiwade 2030: Infrastructure and Growth Outlook
Thirteen transport infrastructure projects are identified around the Majiwade corridor. These include Metro Lines 4 and 5, Thane–Borivali Twin Tunnel, Thane Coastal Road and Airoli–Katai Naka Road. These developments are expected to improve regional connectivity and accessibility.
CRE Matrix’s base-case projections estimate residential prices of ₹24,600–25,550 per sq. ft. by 2030, assuming annual appreciation of 5.5–6.5%. Average monthly rent could increase from ₹32,000 in 2026 to ₹39,700–41,200 by 2030. Annual residential registrations are projected to reach 1,870–2,010 units under the base scenario.
How CRE Matrix Tracks Real Estate Market Trends
CRE Matrix leverages proprietary algorithms to provide comprehensive real estate analysis across sectors and geographies. Its research encompasses registered transactions, property prices, market trends, project-level data, and supply-demand patterns. Through actionable, data-driven insights, CRE Matrix helps leading developers, retailers, coworking operators, property consultants, and financial institutions assess market performance, identify opportunities, and make informed real estate decisions.
Majiwade’s residential market reflects sustained buyer interest, improving inventory absorption, consistent price appreciation, and expanding infrastructure. With property prices rising 33.3% between 2021 and 2026, alongside several upcoming connectivity projects, the locality remains an important residential micro-market to watch in Thane. Its growth towards 2030 will depend on infrastructure execution, new supply, and continued housing demand.
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