Real Estate Thane

TMC Launches 1,200 Affordable Housing Units Near Ghodbunder Road

By GeoSquare News Desk · Published 2026-10-16

The Thane Municipal Corporation (TMC) has announced a new affordable housing scheme under the Pradhan Mantri Awas Yojana (PMAY), offering 1,200 units near Ghodbunder Road. The project is aimed at addressing the growing demand for budget-friendly homes in the Thane region, a key residential hub for Mumbai's working population.

Project Overview

The scheme will provide 1,200 affordable dwelling units with basic infrastructure including water supply, internal roads, and drainage. Located near Ghodbunder Road, the project offers good connectivity to major employment zones in Mumbai and Navi Mumbai, making it an attractive option for first-time homebuyers and investors seeking long-term rental yields.

Eligibility and Application

Applications will open this week for families with an annual income of up to ₹8 lakh. Interested applicants must meet the PMAY eligibility criteria, including possession of a valid Aadhaar and bank account. The TMC is expected to release detailed guidelines and a timeline for the application process on its official portal.

Infrastructure and Timeline

The project includes essential civic amenities such as internal roads, water supply lines, and sewage connections. The TMC has set a completion target of 2026, with construction likely to be phased to ensure timely delivery. Once completed, the scheme is expected to boost the local real estate market and provide a significant supply of affordable housing in the Thane micro-market.