Real Estate Thane

TMC to Build 5,000 Affordable Homes Near Thane Station

By GeoSquare News Desk · Published 2026-10-29

The Thane Municipal Corporation (TMC) has announced a new affordable housing scheme under the Pradhan Mantri Awas Yojana (PMAY), with 5,000 homes planned near Thane station. The project is expected to break ground within weeks and will focus on rehabilitating slum dwellers in the city.

Project Highlights

Located in close proximity to Thane station, the development will offer budget-friendly units to eligible beneficiaries. The scheme is part of the central government's push to provide housing for all, with TMC acting as the nodal agency for implementation.

Impact on Thane Real Estate

Real estate experts believe this influx of affordable supply will help balance the residential market in Thane, which has seen rising prices in the mid-segment. The project is also expected to improve infrastructure and connectivity around the station area, benefiting both new residents and existing property owners.

With construction likely to begin soon, the scheme is being closely watched by investors and homebuyers looking for entry-level opportunities in Maharashtra's Mumbai Metropolitan Region.