Thane West · 09 Nov 2026
The Address: ₹43,636 a sq ft launch against ₹21,317 resale in Thane West
The launch asks 105% over resale in Thane West; 97,652 new homes are due there by 2032; 109 people asked us for a home there in 90 days.
Developer imageRaymond Realty in Thane West
The Address is under construction, with possession 2028. It is one of 55 new projects on our books in Thane West, where launches ask a median ₹24,607 a sq ft.
Time to pay in stages
An under-construction home is paid for against construction milestones, so most of the money goes in later. Once ready, a flat here would rent for about 1.9% a year of its launch price, going by today's rents.
105% over resale
Resale flats in Thane West ask a median ₹21,317 a sq ft. The launch rate is higher. Decide what the new construction, amenities and brand are worth to you.
The story
The Address is Raymond Realty's project in Thane West, on our books at an indicative ₹43,636 a sq ft of carpet. Flats already standing in Thane West ask a median ₹21,317 a sq ft, across 2674 resale listings with us in the last four months. A quarter earlier the median was ₹21,624.
So the launch asks 105% more than resale next door. Buyers pay that for a new building, new amenities, a developer's warranty and the time to pay in stages. A resale flat can be lived in or let out now; the new one cannot until possession.
Supply: how many homes are coming to Thane West
MahaRERA filings show 97,652 new homes in Thane West due for possession by 2032, across 570 registered projects. The peak year is 2028, with 22,354 homes.
Source: MahaRERA project filings, latest declared possession date, Thane West. Read 09 Nov 2026.
Demand: who is asking
In the last 90 days, 109 people came to Mumbai Property Exchange looking for a home in Thane West. 67 of them want to buy, and 17 want 3 BHK or larger. Set against 97,652 homes due over the coming years, that is the demand one firm sees; the market as a whole is larger.
Rent: what it earns
Thane West homes listed for rent with us in the last 12 months asked a median ₹68 per sq ft of carpet a month, across 627 listings. At the resale median that is a gross yield of about 3.8% a year, before maintenance, property tax and vacancy. At the launch rate it is about 1.9%.
Where it sits among Thane West launches
| Project | Developer | ₹ / sq ft* | Possession |
|---|---|---|---|
| Datta Ashoka | Southfield Realty | 45,059 | Dec 2029 |
| Ace Aristo | Ace Realty | 44,953 | Oct 2026 |
| The Address | Raymond Realty | 43,636 | 2028 |
| Sheth Cnergy | Ashwin Sheth Group | 35,600 | Dec 2026 |
| Lakhanis Empire Tower | Lakhanis Builders And Developers | 35,500 | Dec 2030 |
| Resale median | — | 21,317 | Ready |
*Indicative rates on Mumbai Property Exchange, may change 5–10%. Plus GST, stamp duty and registration.
Getting there
- Borivali-Thane Tunnel: 1.4 km away · Under construction · due 2028
- Line 4 Green: 1.4 km away · Under construction · due 2027
- Line 5 Orange: 1.7 km away · Under construction · due 2027
Straight-line distance from the project's map point.
The Address, as the developer shows it
These images come from Raymond Realty. Our own photos and films from the site will replace them after our visit.
Every launch has a brochure. We read the market around it.
The Real Launch Story is Sandeep Sadh's record of Mumbai's new launches. Each story sets the launch price against flats already for sale in the suburb, counts the homes MahaRERA says are coming, shows who is asking us for homes there and what they rent for. It is kept apart from our listings, and it is updated as the numbers move.
Resale, rents, demand, the MahaRERA pipeline and infrastructure, read from our data.
Our team walks the site, the sample flat and the street, and films on a phone.
Photos and films go up from the myipl app, dated and tagged to the project.
Sandeep adds his own take. The quoted take appears only when he has written it.
The story and its films go to WhatsApp, Instagram, LinkedIn and our press list.
- The MahaRERA registration of the exact phase and tower you buy in.
- The carpet area on the cost sheet against the MahaRERA filing.
- Whether the price is all-in or plus GST, stamp duty, registration and floor rise.
- The possession date written in the agreement, not only the brochure.
- How much is due before the agreement is registered.
- Whether any offer has a written end date.
Send it to someone looking in Thane West
Figures as read on 09 Nov 2026. Our launch rates are indicative and may change 5–10%. Resale rates and rents are medians of asking figures on Mumbai Property Exchange, not registered transactions. Confirm every figure with the developer and on MahaRERA before deciding. This is not an advertisement by the developer.
Talk to Sandeep
Journalists, investors and NRIs can reach Sandeep Sadh about this story or Mumbai's launch market. The data behind every chart is available on request.
