Property Rates in Lal Bahadur Shastri Road, Thane 2026

Property prices in Lal Bahadur Shastri Road have shown a consistent upward trajectory over the last year, reaching ₹19,450 per sq ft in Jun 2026. Data shows the micromarket rate rose from ₹18,250 per sq ft in Sep 2025 to ₹18,950 per sq ft in Dec 2025 and Mar 2026, before reaching the current level in Jun 2026, signaling sustained demand in the area.

Property rates in Lal Bahadur Shastri Road vary significantly compared to surrounding areas in Thane. For instance, Laxmi Nagar commands a higher average of ₹26,250 per sq ft (which appreciated by 0.2% recently), while Uthalsar is more affordable at ₹17,400 per sq ft, where rates have remained stable at 0% change. Other nearby areas like Panch Pakhadi and Naupada are currently priced at ₹26,050 per sq ft and ₹23,000 per sq ft, respectively, though both have seen recent price depreciations of 3.13% and 10.38%.

As of Jun 2026, both Ready To Move and Partially Ready To Move properties in Lal Bahadur Shastri Road are priced at an average of ₹22,450 per sq ft. This rate reflects a depreciation of 2.39% compared to the previous period, suggesting a slight market correction for these specific inventory types.

The average rental yield in Lal Bahadur Shastri Road stands at 4.72% as of Jun 2026, with an average rental rate of ₹78 per sq ft. For investors, a yield of 4.72% indicates the potential annual rental income relative to the capital investment, providing a baseline for evaluating the income-generating capability of residential assets in this locality.

As of Jun 2026, the average rent for a 1 BHK apartment in Lal Bahadur Shastri Road is ₹29,750 per month. This price point provides a clear benchmark for tenants seeking compact, residential living spaces in the area and serves as a key indicator for landlords regarding the current market demand for single-bedroom configurations.

Kashish Park Apartment and Kashish Park Tower B are among the prominent projects in Lal Bahadur Shastri Road for rental activity. Kashish Park Apartment currently commands a rental rate of ₹81 per sq ft, which has appreciated by 24.62% compared to the previous period, while Kashish Park Tower B is at ₹62 per sq ft, showing stable rates with 0% change as of Jun 2026.

Rental rates across micromarkets near Lal Bahadur Shastri Road are largely uniform at ₹50 per sq ft, though their recent performance varies. For example, Khopat has seen a rental appreciation of 4.92%, whereas areas like Charai and Shrirang Society have experienced rental depreciations of 4.62% and 4.92% respectively as of Jun 2026. This indicates that while the base rental rate is consistent across many nearby pockets, local demand dynamics are causing divergent price movements.

As of Jun 2026, major projects like Kashish Park Tower B and Kashish Park Apartment are both listed at an average of ₹22,450 per sq ft. Both projects have recorded a depreciation of 2.39% over the observed period, which provides prospective buyers with a clear picture of the current entry-level pricing for these specific developments.