Hiranandani Westgate Thane: A Price-Focused Guide For Buyers

Written by Alfreds » Updated on: August 16th, 2025 » 60 views

Hiranandani Westgate Thane is one of the best-priced luxury projects in Waghbil. This project is just off Ghodbunder Road. As a real estate consultant who lives and breathes data from the Mumbai Metropolitan Region (MMR), I can tell you this right away. The starting price of Rs. 1.69 crore is set to match the direction of real estate market in Thane and not to compete against it.

This project has six high-rise towers (2B+G+55 floors). It is a RERA-approved project with the number P51700077268. You can choose from 2, 3, and 4 BHK homes. Westgate is well-positioned to attract both people who are buying their first luxury home and experienced investors who want a steady income and a trusted brand.

Why Thane Market Trend Could Shape Your Westgate Price

Thane has now become a mainstream, premium market. It is no longer just a cheaper option compared to Mumbai. Many reports show that property prices here are increasing steadily and there is a continuous demand.

On average, property prices on Ghodbunder Road and in Waghbil are between Rs. 13,900 and Rs. 17,800 per square foot. Some areas have even higher prices, depending on the builder's brand, the building's height, and the types of homes available. In simple terms, the property market here is growing, and large townships built by trusted brands are doing the best.

From a bigger picture, residential prices in top cities have been increasing steadily throughout 2024. The demand for premium homes has been especially strong. This is very clear in the Mumbai Metropolitan Region (MMR). Here, new projects and sales have remained strong, especially in areas that are growing fast, with Thane being a top performer. This shows that trusted developers are more confident in their pricing, and their launch prices reflect this confidence.

Looking at 2025, a recent study shows that the average prices in Thane have increased sharply over the last three years. This explains why today's launch prices are higher than many people expected in 2022. For a home buyer, this is not just due to inflation. This is because there is a strong demand for a limited number of well-located properties from well-known brands.

Reading the Westgate Ticket Size: What Does Rs. 1.69 Cr++ Really Mean?

In Mumbai and Thane, the phrase "plus plus" means that in addition to the base price, you have to pay for stamp duty and registration. You also have to pay other extra charges.

In Thane, the stamp duty is about 7%, which includes local taxes. The registration fee is 1%, but it is capped at Rs. 30,000 for properties above Rs. 30 lakh. For a property with an agreement value of Rs. 1.69 crore, you would need to budget about Rs. 11.83 lakh for stamp duty and Rs. 30,000 for registration. This comes to about Rs. 12.13 lakh in government fees. This is before you add the charges for floor rise, view premiums, parking, club fees, and GST where it applies. You should always ask for a cost sheet for your specific unit.

My opinion is that this pricing makes sense for a branded property in a township. The possession is expected by December 2029. You are paying for a long-lasting brand, a complete living environment, and the possibility that your property will have a higher resale value than other homes in the area. This last point is often underestimated. It is one of the reasons why I prefer to invest in well-known townships for 5 to 8 years.

How the Hiranandani Westgate Thane Unit Matrix Aligns With Value!

Here are the details about the different types of homes available at Westgate. The inventory is very well planned.

2 BHK homes: The sizes are 483, 677, and 756 square feet.
3 BHK homes: The sizes are 977, 1,090, and 1,276 square feet.
4 BHK homes: The sizes are between 1,622 and 1,761 square feet.

The 2 BHK homes, with sizes from 483 to 756 square feet, are designed for people who want to buy a home from a top brand for the first time. The 3 BHK homes, which are between 977 and 1,276 square feet, are a great choice for the typical Thane buyer who wants to upgrade. These buyers want a well-known brand and a project that offers a complete ecosystem with schools and shopping.

The 4 BHK homes, which are between 1,622 and 1,761 square feet, are for wealthy families and NRI families. They want a large home without paying the high prices of South Mumbai.

From my experience, a well-designed 3 BHK home in Thane's best areas sells the fastest in the resale market. On the other hand, larger 4 BHK homes attract fewer but more serious buyers.

Smart Buying: How the 20-20-20-10-30 Plan Works for You

For many buyers, managing cash flow is just as important as the final price. The payment plan for this project is a staggered structure of 20-20-20-10-30. This, along with an Expression of Interest (EOI) of up to Rs. 10 lakh, allows you to book your home. This plan also lets you match your payments to the different stages of construction and your planned finances. If you have any investments that will mature in the next 12 to 24 months, this plan allows you to use that money without putting pressure on your working capital. As always, you should confirm the milestone dates and any pre-EMI implications with your bank or lender.

Is The Pricing Fair? Let’s Benchmark the Market

Here is my simple framework for when clients ask, "Is the price fair?"

Average Prices in the Area - You can find the average prices in the Waghbil and Ghodbunder Road areas. They are usually in the mid-teens per square foot. Branded townships like this one usually charge a little more. This is because they offer better amenities, a large township, and well-managed common areas.

Market Trends - The premium real estate market in the Mumbai Metropolitan Region (MMR) has been doing very well. Sales in Thane have also been steady. This helps keep prices stable.

Government Policies and Costs - The stamp duty and registration costs in Maharashtra are easy to predict. This helps buyers plan their total costs accurately. This is another reason why new projects can set their prices with confidence.

Investing for the Long Term - The possession date for this project is December 2029. This means you are buying a home for the future. If you plan to hold your property for 5 to 8 years from now, you will be in a great position. This period, which includes the handover and early stabilization of the project, has historically been the best time to see the value of a property increase. However, you should choose a good unit. You must consider the view, ventilation, and the layout's efficiency.

The Best Plan to Invest in Hiranandani Westgate Thane

For Homeowners Upgrading from Rented Homes - If you are currently living in a rented 2 BHK and want to buy your own home, you should consider a 3 BHK of 1,090 to 1,276 square feet. This size offers good space for living and will be easy to sell later. You should book your home early to have more choices of apartments. It is not necessary to overpay for the most premium floors if you have a tight budget. Good middle-to-high floors with open views often give you the best value for your money.

For Investors Looking for Stability - If you are an investor looking for stable returns rather than high yields, this project is a good choice. In Thane's premium areas, a trusted brand and a well-planned township mean a lower risk of your property staying empty. It also attracts better quality tenants. Your rental income might not look very high at first, but your total return—from both rent and an increase in property value—will likely be better than other non-branded properties in the same area. The increase in property values in Thane over the past three years supports this idea.

For NRIs and Large Families - If your budget allows, the 4 BHK homes, which are 1,622 to 1,761 square feet, are a great option. They are a good choice for multi-generational families and for the future. It might take a bit more time to sell a 4 BHK compared to a 3 BHK, but serious buyers will pay for the quality and the trusted brand.

Negotiation & Due Diligence Tips (From My Deal Table)

Please ask for a detailed cost sheet for a unit. This should show the base value, floor rise, view charges, parking, club charges, infrastructure fees, GST (if it applies), and other legal costs. This way, the extra charges will not be a surprise for you. You should also check the stamp duty and registration fees against what the state government has said.

You should first choose the best home with a good view. Then, you can talk about the discounts. During strong sales periods, developers do not usually lower prices. However, they may give you better units or flexible payment options. A good home with a clean view will give you more money when you sell it later.

You should get your loan approved early. In premium projects, the time to book a unit can be short. A pre-approved loan allows you to act fast and take advantage of any limited-time offers or special payment plans from the sales team.

So, Should You Invest in Westgate Thane?

Hiranandani Westgate Thane is priced for today's market in Thane, not the past. The starting price of Rs. 1.69 crore and more is in line with a market where big brand townships can set their own prices. This is because buyers are willing to pay for a complete living ecosystem, timely project delivery, and a good chance of selling the property easily in the future.

If you value a lifestyle in a self-contained community, reliable timelines (by December 2029), and a location with a proven history of price growth, then Westgate is a great option. This is especially true for those looking for a 3 BHK to live in or a 4 BHK as a family legacy home.

Before you buy, please do the full math. Make sure to include all costs like stamp duty, registration, and other charges. You should also choose your home carefully and with purpose. After that, you can let the strong reputation of a high-trust brand do the hard work of increasing your investment over time.

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