I am neither from Thane nor am I aware of the localities over there but recently I have checked out resale flats in Thane (close to the station) and found out the rates to be quite similar to Mumbai. But once you go further from the station, the flats are quite cheap. The major construction which is happening in Thane in on Ghodbunder Road and these projects of Hiranandani and the like are situated approx 0.5-1km off the Ghodbunder Road. Considering that the prices quoted are definitely on the higher side.
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