Property Rates in Bhiwandi, Thane 2026

The current average asking price in Bhiwandi of ₹16,950 per sq ft is significantly higher than the Government Registration Rate of ₹4,600 per sq ft. This gap between the market-driven asking price and the government-notified rate is a common observation in developing micromarkets and should be considered by buyers when calculating total acquisition costs, including stamp duty and registration fees.

Property prices in Bhiwandi have shown a fluctuating trajectory over the last few quarters. While the average asking price stood at ₹17,200 per sq ft in Dec 2025, it adjusted to ₹16,900 per sq ft in Mar 2026, before reaching the current level of ₹16,950 per sq ft as of Sep 2026. This movement suggests a period of price consolidation following the slight correction seen earlier in the year.

Property rates in the vicinity of Bhiwandi show significant variation depending on the specific neighbourhood. As of Sep 2026, Majiwada commands a premium with an average asking price of ₹20,250 per sq ft, having appreciated by 1.51% compared to the previous period. In contrast, Narpoli has seen a substantial appreciation of 19.16% to reach ₹11,050 per sq ft, while Bapgaon has experienced a depreciation of 2.17%, bringing its average asking price to ₹9,050 per sq ft.

As of Sep 2026, Ready To Move projects in Bhiwandi are priced at an average of ₹10,700 per sq ft, which has appreciated by 3.16% over the observed period. Meanwhile, Under Construction projects are available at an average of ₹10,300 per sq ft, showing a notable appreciation of 8.35%. This indicates strong investor and buyer confidence in the ongoing development pipeline within the locality.

The average rental rate in Bhiwandi is ₹67 per sq ft as of Sep 2026, which has depreciated by 5.63% compared to the prior period. The locality currently offers a rental yield of 4.74%, a key metric for investors to evaluate the annual income potential relative to the capital investment in a property.

Rental rates in Bhiwandi scale significantly with the size of the unit. As of Sep 2026, Studio apartments and 1 BHK units command similar average monthly rents of approximately ₹27,900 and ₹27,950, respectively. Larger configurations see a steeper increase, with 2 BHK units averaging ₹40,150 per month, 3 BHK units at ₹62,850 per month, and 4 BHK units reaching ₹1.15 lakh per month. This tiered pricing allows tenants to choose options based on their space requirements and budget.

Rental rates in the Bhiwandi region are consistent across key areas like Majiwada and Kasheli, both of which currently average ₹50 per sq ft. While Majiwada has seen a rental appreciation of 4.41% compared to the previous period, rental rates in Kasheli have remained stable with 0% change, indicating a steady demand profile in these specific pockets.

Mahindra Lifespaces is a notable developer active in the Bhiwandi region. As of Sep 2026, they are recognized for their transaction activity and value contribution, with recorded projects reflecting their presence in the local real estate market.

Buyers can use the property status data to gauge market maturity and risk. With 373 units currently in the 'Ready To Move' category and 67 units 'Under Construction' as of Sep 2026, the market offers a healthy mix of immediate possession and future inventory. The price variations—such as the 3.16% appreciation in 'Ready To Move' projects versus the 8.35% appreciation in 'Under Construction' projects—help buyers understand how project completion stages influence price movement.