Thane
The real estate market in Devrung offers a balanced mix of residential options, with average rates holding steady at ₹6,400 per sq ft. Surrounding areas like Kalyan West and Bapgaon demonstrate significant price movement, indicating a dynamic regional landscape that influences local demand. Recent government registration data highlights a steady flow of transactions, totaling 47 registrations worth ₹24 Cr. Rental demand remains consistent across the region, with many nearby localities maintaining a baseline rental rate of ₹50 per sq ft.
As of June 2026, the average asking price in Devrung stands at ₹17,200 per sq ft. This figure reflects a consistent trend in the micromarket, which has seen price fluctuations over the last few quarters, moving from ₹16,600 per sq ft in September 2025 to its current level. This trajectory suggests a resilient demand profile in the area, as prices have recovered after a brief dip to ₹16,600 in September 2025.
The average asking price in Devrung of ₹17,200 per sq ft as of June 2026 is significantly higher than the Government Registration Rate of ₹3,600 per sq ft. The Government Registration Rate is based on 47 transactions recorded between September 2025 and August 2026, totaling a gross value of ₹24 Cr. Investors and homebuyers should note that the gap between market-driven asking prices and government-notified rates is common in developing areas, but it is essential to consider both when evaluating the total cost of acquisition.
As of June 2026, property rates in Devrung are relatively uniform across different project statuses, with Ready To Move properties averaging ₹9,150 per sq ft, which has appreciated by 16.02% compared to the previous period. Under Construction projects are priced at ₹9,100 per sq ft, showing a notable appreciation of 20.53%, while New Launch projects are currently at ₹9,000 per sq ft, reflecting an appreciation of 14.91%. This indicates that the market is currently seeing strong price growth across all segments, regardless of the project's completion stage.
Property rates in the vicinity of Devrung vary significantly, with Tilak Chowk offering the most accessible entry point at ₹7,500 per sq ft as of June 2026, where prices have remained stable. Conversely, Chikan Ghar commands a premium with an average asking price of ₹15,050 per sq ft, also showing price stability. Other areas like Bapgaon at ₹9,250 per sq ft have seen a substantial appreciation of 24.46%, while Khadakpada has experienced a market correction, with prices depreciating by 13.76% to reach ₹10,600 per sq ft.
The rental market across the neighbourhoods surrounding Devrung is highly consistent, with almost all major localities such as Kalyan West, Shahad, Khadakpada, Titwala, Kalyan East, Ulhasnagar, and Thakurli reporting an average rental rate of ₹50 per sq ft as of June 2026. While the base rate is uniform, there is significant variation in rental appreciation; for instance, Thakurli has seen a strong rental growth of 25%, and Titwala has appreciated by 14.29%. In contrast, rental rates in Khadakpada have remained stable with 0% change, indicating a balanced supply and demand environment in that specific pocket.
Investors looking at the Devrung region should note that rental growth is currently outperforming price stability in several surrounding micromarkets as of June 2026. While the average rental rate is consistently ₹50 per sq ft across key areas, the varying appreciation rates—such as 25% in Thakurli and 10% in Ulhasnagar compared to previous periods—suggest that specific pockets are becoming more attractive for rental income. When combined with the capital appreciation seen in the broader market, these rental trends provide a useful indicator for long-term yield potential for residential property owners.
