Real Estate Thane

Thane's Affordable Housing Boost: 1,200 PMAY Units Near Ghodbunder

By GeoSquare News Desk · Published 2026-11-06

The Thane Municipal Corporation (TMC) has unveiled a significant affordable housing scheme along Ghodbunder Road, with 1,200 units planned under the Pradhan Mantri Awas Yojana (PMAY). This move is aimed at addressing the growing demand for budget-friendly homes in the region, particularly for first-time buyers.

Project Highlights

Strategically located near Ghodbunder Road, the project will benefit from the upcoming metro connectivity, which is expected to enhance accessibility and improve the overall livability of the area. The integration of metro rail is a key factor that is likely to drive long-term appreciation and make the locality more attractive for both homeowners and investors.

Market Impact

The introduction of 1,200 affordable units is anticipated to stabilise rental yields in the micro-market, offering a balanced opportunity for investors while catering to the needs of end-users. With improved infrastructure and a steady supply of budget housing, the area is poised for sustained growth, making it a promising destination for property buyers in Maharashtra.

This development reflects the government's continued push towards affordable housing and is a positive indicator for the Thane real estate market. As the metro project progresses, Ghodbunder Road is set to emerge as a key residential corridor, providing a mix of affordability and connectivity.