The Impact of New Connectivity and infrastructure in Mulund-Thane on Property Values

The Mulund-Thane corridor, nestled in Mumbai's northeastern suburbs, has experienced significant transformations in recent years, primarily driven by substantial infrastructure developments. These enhancements have significantly improved connectivity and played a pivotal role in elevating regional property values. With its stunning landscapes, thriving commercial hubs, and proximity to key transit points, the Mulund-Thane area is becoming a hidden gem in Mumbai’s real estate market.

Improved Connectivity

One of the most impactful developments is the progress of Metro Line 4, connecting Wadala to Kasarvadavali. This 32.32 km elevated corridor is anticipated to reduce travel time between these points by 50% to 75%, bringing commute times down from 60-75 minutes to approximately 30-40 minutes. Such a significant reduction in travel time enhances Thane and Mulund’s appeal for residential and commercial purposes. These improvements make the region more accessible to key business hubs in South Mumbai, dramatically increasing its desirability.

In addition, the upcoming Goregaon-Mulund Link Road (GMLR) is being transformed further to bolster connectivity between Mumbai’s western and eastern suburbs. By providing a direct link, the GMLR will streamline traffic flow, reduce congestion, and make commutes more efficient. This improved accessibility enhances the attractiveness of properties in Mulund and Thane, particularly for people working in South Mumbai or other suburban hubs.

Furthermore, the Airoli-Katai Naka Tunnel project is set to ease congestion and improve traffic flow between Navi Mumbai and the Mulund-Thane corridor. This strategic infrastructure is expected to drive up property demand in Thane and Mulund, as the region becomes better connected to a broader swath of Mumbai’s suburbs and business districts.

Access to Major Transit Hubs

Thane and Mulund stations are key railway junctions connecting the suburbs to Mumbai's vital areas. Enhancements in these stations are expected to improve the travel experience, making the region even more appealing to residents and investors. Being just 2.5 km from Mulund Station and 5 km from Thane Station, MTC offers easy access to Mumbai’s central locations, positioning it as an ideal location for commuting professionals.

Moreover, Wagle Estate, a thriving industrial and commercial hub in Thane, is just a short drive from the corridor. This zone is home to over 1,000 businesses and over 15 million square feet of office complexes. As such, the proximity to these major employment hubs further increases the demand for residential properties in the area. With a growing workforce and better access to essential services, Thane and Mulund are becoming preferred locations for commercial and residential investments.

Rise in Real Estate Demand

The region’s expanding commercial potential and demand for gated communities have risen significantly. The Mulund-Thane corridor now attracts many buyers, from professionals and business owners seeking spacious, well-connected homes to investors looking for long-term value appreciation in a high-growth area.

The ShreeNagar area, in particular, has evolved from a small town to a thriving neighborhood, now considered the gateway to the Mulund-Thane Corridor. This area's transformation into a landmark location with large residential developments, better amenities, and retail conveniences makes it an attractive option for buyers. The primary market for these developments includes neighborhoods like Mulund, Thane, Ghatkopar, and Vikhroli, with secondary markets extending to Powai, Bhandup, and Navi Mumbai.

Enhanced Quality of Life

The infrastructure projects improve connectivity and contribute to a higher quality of life for residents. The creation of greener spaces and better urban planning in areas like Sanjay Gandhi National Park (SGNP), which borders the Mulund-Thane corridor, makes this area a rare blend of natural beauty and modern amenities. The cooler temperatures, approximately 2 degrees lower than areas like Thane LBS Marg and GB Road, offer a more comfortable living environment, adding to the region’s appeal.

The development of social infrastructure, such as schools like schools, hospitals, shopping malls, and recreational facilities, ensures that residents of the Mulund-Thane corridor enjoy both convenience and a high standard of living. These improvements make the area more attractive to potential buyers, especially families seeking homes in a serene yet well-connected environment.

Rise in Property Value

Due to enhanced infrastructure and sustained economic development, property values in the Mulund-Thane corridor have experienced consistent and healthy appreciation over the past three years. As of 2025, Thane has recorded an average property rate of ₹21,500 per sq. ft, reflecting a 13.4% increase in the last three years. Similarly, Mulund West commands a higher average rate of ₹27,350 per sq. ft, with property prices appreciating by 11.2% over the same period.

The Mulund-Thane corridor, once considered a hidden valley, is now a rapidly growing real estate hotspot fueled by strategic infrastructure developments. With improved connectivity, economic growth, and enhanced quality of life, property values in this region are expected to continue rising in the coming years. This corridor offers homebuyers and investors an attractive combination of natural beauty, modern convenience, and long-term value appreciation.

About Author

Ms. Ayushi Ashar, Director at Ashar Group and Member of the Managing Committee of CREDAI-MCHI. She joined the business in 2018 after earning her BBA in Finance from Emory University, USA. With experience in real estate and private equity in the U.S., she returned to Mumbai to lead Ashar’s growth across business development, sales, marketing, and design. Under her leadership, the group has delivered 9 million sq. ft. with 17 million sq. ft. under construction, serving 29,000+ residents and 250+ corporate entities. Ayushi is deeply involved in every stage of development, from feasibility to execution, and recently led the successful launch of 500+ units in five weeks. A strong advocate for inclusive workplaces, she also supports causes in sustainability, urban planning, education, and healthcare. 

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