Abhishek Kiran Gupta (AKG), CEO, CRE Matrix on the latest Majiwade Market Research Report – October 2026 by CRE Matrix
Unsold housing inventory declines 18% as residential prices
rise 33% between 2021 and 2026; changing buyer preferences and developer
dynamics signal a maturing residential market.
Mumbai : Majiwade, one of Thane’s established
residential destinations, is witnessing an evolution in its housing market,
with buyers aged 25–45 accounting for 62% of registered residential units in
2026, according to the latest Majiwade Market Research Report – October 2026 by
CRE Matrix. The report highlights changing housing preferences, improving
inventory absorption and a shifting competitive landscape among developers, as
the
micro-market records changes in residential market activity.
In the report’s buyer-age profile (measured as a share of
registered units), buyers aged 35–45 account for 34% in 2026, followed by the
25–35 age group at 28%. The concentration of buyers within these age brackets
highlights the importance of working-age households in Majiwade’s residential
market.
Housing inventory declines as market absorption improves
Unsold residential inventory declined approximately 18%,
from 5,641 homes in Q3 2024 to 4,644 homes in Q2 2026, a reduction of nearly
1,000 units. Inventory overhang also reduced from 17 quarters in Q1 2025 to 13
quarters by Q2 2026, signalling an improvement in the relationship between
available housing stock and the pace of registrations.
Across Majiwade, the report identifies 13,227 units in 34
RERA-registered projects since 2018; 8,061 of these units are under
construction. These figures cover the wider micro-market, not any individual
developer.
A changing developer landscape in Majiwade
Beyond homebuyer preferences, the report identifies a
notable transition in the micro-market’s competitive developer landscape.
Developer contributions to registrations have shifted as earlier projects were
largely sold through and new active developments contributed to transaction
volumes.
Lodha Group, which accounted for 42.9% of residential
registrations during 2018–23, saw its share stand at 4.3% during 2024–26. Over
the same periods, Rustomjee’s share increased from 26.0% to 33.8%, making it
the largest contributor to registrations in the recent period, while Ashar
Group rose from 3.3% to 20.9%. Together, Rustomjee and Ashar Group accounted
for approximately 55% of registrations during 2024–26.
The study also points to differences in price positioning.
In 2026 year-to-date, Rustomjee accounted for 32% of registered homes but 42%
of registered residential transaction value, reflecting a comparatively higher
contribution from the higher-priced housing segment. These shifts illustrate
how the competitive landscape is evolving across development cycles.
Residential prices appreciate 33% between 2021 and 2026
Majiwade’s weighted average residential price increased from
₹14,904 per sq. ft. in 2021 to ₹19,861 per sq. ft. in 2026, representing 33.3%
appreciation. It maintained a pricing premium over the broader Thane City
market in nine of the ten quarters between Q1 2024 and Q2 2026.
Under CRE Matrix’s base-case scenario, average residential
prices could reach ₹24,600–₹25,550 per sq. ft. by 2030, subject to market
conditions and the progress of infrastructure improvements.
Abhishek Kiran Gupta (AKG), CEO, CRE Matrix, said:
“Majiwade’s residential market is showing a measurable shift
in its buyer profile and the pace of inventory absorption. The report’s
registration-based age profile shows that buyers aged 25–45 account for 62% of
registered units in 2026, while unsold inventory has declined 18% from its Q3
2024 peak.
The changing developer landscape is equally notable.
Rustomjee recorded the largest share of Majiwade registrations during 2024–26,
at 33.8%. In 2026 year-to-date, its 42% share of registered transaction value
compared with 32% by volume is consistent with a greater presence in the
higher-priced segment. These are market-wide comparisons, not figures for any
one project.
Together, the trends point to a market where the mix of
active developments and buyer demand warrants close attention. Future
performance will depend on actual registrations, pricing and the pace of new
supply.”
About the report
The Majiwade Market Research Report – October 2026, by CRE
Matrix, examines residential registrations, developer market shares, buyer
demographics, apartment configurations, pricing, inventory absorption and the
wider neighbourhood context.
About CRE Matrix
CRE Matrix is a real estate intelligence platform offering
comprehensive market information and data analytics across real estate sectors
and geographies. Its proprietary algorithms support real estate developers,
investors, financial institutions, property consultants and other stakeholders
in making data-driven decisions.
MEDIA CONTACT CRE Matrix | info@crematrix.com | +91 9820312065 | www.crematrix.com