Real Estate Thane

TMC Approves 1,500 Affordable Homes Near Kolshet Under PMAY

By GeoSquare News Desk · Published 2026-10-22

The Thane Municipal Corporation (TMC) has approved a new affordable housing project near Kolshet, adding 1,500 units to the city's residential supply. The project will be developed in partnership with Maharashtra Housing and Area Development Authority (MHADA).

Affordable homes for EWS and LIG

Under the Pradhan Mantri Awas Yojana (PMAY), these units are aimed at Economically Weaker Section (EWS) and Lower Income Group (LIG) buyers. The initiative is expected to make homeownership more accessible for first-time buyers in the region.

Boost for Thane real estate

The approval is likely to strengthen Thane's position as a key affordable housing destination in the Mumbai Metropolitan Region. With infrastructure upgrades and growing demand, the Kolshet belt is emerging as a preferred location for end-users and investors alike.

Local market observers believe the project will help reduce the housing shortage in Thane while creating new opportunities for ancillary sectors. The TMC-MHADA collaboration signals continued policy support for affordable housing in the city.