Majiwada Property Rates

Majiwada, located in the bustling city of Thane in Maharashtra, India, is a rapidly developing area that is attracting a lot of attention from both homebuyers and investors. With its proximity to major business hubs like Thane, Powai, and Bhiwandi, as well as excellent connectivity to Mumbai and other parts of the city, it has become a sought-after destination for those looking to invest in real estate. Understanding the current Majiwada property rates and the factors that influence them is crucial for making an informed decision when buying or selling property in this area.

Majiwada Property Rates

Avg. Rate / sq.ft.

INR 16,750 – 21,750

Rental Yield

Approx. 4 – 7%

Growth in Last One Year

7.1%

The property rates in Thane Majiwada can vary depending on the type of property and its location within the area. The average price per square foot for residential properties in Majiwada ranges from Rs. 16,750 to Rs. 21,750 (Source: 99Acres). This price range can fluctuate based on factors such as the amenities offered, proximity to transportation hubs, overall demand in the market and also maturity of the product.

Majiwada Location Overview


One of the key features of Majiwada is its strategic location. It is situated at the junction of Eastern Express Highway and Ghodbunder Road, making it well-connected to major areas in Thane as well as neighbouring cities like Mumbai and Navi Mumbai. Majiwada will also enjoy excellent metro connectivity through the upcoming Metro Line 4 (Wadala-Kasarvadavali corridor), which will provide residents with a fast and convenient mode of transportation to key areas in Mumbai and suburbs. This improved connectivity is expected to ease traffic congestion and enhance the overall commuting experience for residents in Majiwada. This connectivity has made Majiwada a preferred location for those who commute regularly for work or leisure.

The neighbourhood is home to numerous shopping centres, restaurants, and entertainment options, making it a hub for leisure activities and social gatherings. Residents can enjoy shopping at the nearby shopping malls like Viviana Mall, Korum Mall and dining at popular eateries, or catching a movie at the local cinema. Majiwada is also home to several schools, like Finland International School, Singhania School; hospitals, and recreational facilities, making it a popular choice for families
and young professionals.

The real estate market in Majiwada has been steadily growing over the years, with new residential and commercial projects being developed to meet the demand for housing and office spaces in the area. With its strategic location and upcoming infrastructure projects, Majiwada has become a sought-after destination for property buyers looking for a blend of convenience and modern amenities.

Best Properties in Majiwada


Nestled in the bustling locality of Majiwada in Thane, Ashar Pulse stands tall as a premium real estate property offering urban living at its finest. With its modern architecture and state-of-the-art amenities, Ashar Pulse is a haven for those seeking a sophisticated and refined lifestyle. The property boasts spacious and elegantly designed apartments that provide stunning views of the surrounding landscape. The amenity zones in Ashar Pulse are spread across 40,000 sq. ft., offering luxurious amenities such as an infinity swimming pool, fitness center, landscaped gardens, boxing zone among many others recreation activities. The flat configurations include spacious 1 BHK and 2 BHK apartments designed with modern architecture and high-quality finishes, providing residents with a comfortable and elegant living experience. With its convenient location, modern amenities, and stunning views, Ashar Pulse is the ideal choice for those looking to invest in a premium living experience in Thane.

Frequently Asked Question

What is the average property rate in Majiwada, Thane?

The average property rate in Majiwada, Thane is between INR 16,750 to Rs. 21,750 (Source: 99Acres).

What is the average rental yield in Majiwada, Thane?

The average rental yield in Majiwada, Thane is between 4-7% (Source: 99Acres).

How have property rates in Majiwada Thane changed over the years?

Property prices in Majiwada, Thane have increased by 7.1% in the past year, 19.7% in the past 3 years, and 17.1% in the past 5 years (Source: 99Acres).

How much does a 1 BHK in Majiwada, Thane cost?

A 1 BHK flat in a project like Ashar Pulse with premium amenities starts at 93 lacs.

The Importance of Property Insurance

The Importance of Property Insurance

Today, insurance plays an essential role in all of our lives. The fundamental objective behind investing in insurance is to improve your financial status after suffering property/asset losses. You will pay a small amount as a premium to the insurance company, and it assures you compensation for uncertain contingencies in the future.

What is property insurance?

One of the applications of insurance is property insurance. It protects you from loss of or damage to expensive personal property, like a home or a vehicle. Some types of property insurance include flood insurance, renter’s insurance, insurance for homeowners, and auto insurance.

How does it work?

Property insurance is in the form of a written contract, referred to as a ‘policy’. It is a legal document that binds the insurance company and the policyholder (you).

You, the policyholder, have to pay a small amount, referred to as a premium, to the insurance company to acquire compensation if there is any damage or mishap to your property.

The nature of the damage and losses covered by the insurer will be there in the contract; therefore, you must go through the fine print of any policy thoroughly before narrowing it down to the choice of an insurance company.

The market is replete with the number of insurance companies providing competitive coverage. To make a wise investment, you have to make a comparative analysis of different policies offered by insurance companies.

For whom is it applicable?

Property insurance is for anyone who owns a costly, premium property of immense value. You are forced most of the times either by mortgage contract or law to maintain property insurance. For instance, all the states of India mandate drivers to carry motor vehicle insurance, typically in the form of liability insurance.

Home insurance plans offer coverage of the liabilities that arise out of damages to the house and/or to the contents due to man-made reasons like loot, demolition, etc. There are many salient features of a home insurance policy and its coverages that you can take advantage but first, know their offerings.

Types of coverage

Many people are misguided about the coverage in property insurance. Initially, look at the conditions not covered by property insurance:
  • Earthquake
  • Flood damage
  • Mould
  • Maintenance damage (electrical wiring, worn-out plumbing, roofing, heating units, etc.)
  • Sewer back-up

Policies are usually composed of contingencies that are ‘sudden and unexpected”. A leak that occurred over several months would not be covered. Also, a roof that caves in from age rather than weather will not be covered.

Property insurance is for two kinds of coverage: Hazards and Liability.
Hazard insurance provides cover against damages that may occur because of theft, vandalism, fire, and other mishaps. It could offer cash value or the replacement value.

Liability insurance offers covers against accidents that may occur on the property. For instance, there is coverage of medical bills of a person injured while working on your property.

Types of coverage

  • Check whether the insurer offers cash value compensation or the replacement value.
  • For protecting jewellery, you need to include a floater, an add-on to your primary policy.
  • Certain premium factors may impact insurance:
    1. Do you live in an area plagued by hurricanes and tornadoes?
    2. Are you a smoker?
    3. What is your credit score?
    4. Do you own a swimming pool?
    5. You may be at high risk because of these factors.
      6. Based on these, the insurance company will charge you accordingly.
  • Steer clear of insurers offering rock bottom rates. Check the reputation of the company and don’t take the word of its sales personnel.
These are some beneficial facts on property insurance. It will help you understand the nature of these policies and give you in-depth information to make a sound decision while choosing the right policy suiting your requirements.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. Ashar Group does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.