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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Ovali is a developing residential locality situated along Ghodbunder Road in Thane near Mumbai. It borders Kasarvadavali, Bhayandarpada, and Mogharpada. The pin code of Ovali is 400615. This quiet suburban neighbourhood houses middle-income families and features the scenic Ovali Lake. Residents study at New Horizon Scholars School and visit Vedant Hospital for medical needs. Kasarvadavali Metro Station on the Green Line 4 is the nearest transit point located 2 km away. Ghodbunder Road links the area to Thane Railway Station which takes 30 minutes to reach. The 2026 average property rate ranges from Rs. 9,000 to Rs. 12,000 per sq ft. Multi-storey apartments dominate the market here due to affordable pricing and upcoming transit links.
As of August 22, 2026, the property rate in Ovali ranges between Rs. 9,000 to Rs. 12,000 per square foot for apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Ovali mumbai | Rs. 9,000 to Rs. 12,000 |
*The property rate is subject to change.
As of August 22, 2026, the rental cost in Ovali is between Rs. 15,000 and Rs. 35,000 monthly for 1 to 3 BHK apartments.
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 15,000 to Rs. 20,000 |
| 2 BHK for rent | Rs. 22,000 to Rs. 28,000 |
| 3 BHK for rent | Rs. 30,000 to Rs. 35,000 |
*The rental rate is subject to change.
Property values in Ovali have seen steady growth due to improving transit links. The buyer price range for apartments stands between Rs. 9,000 and Rs. 12,000 per sq ft. This represents a solid capital appreciation of approximately 19.7% over the past year. Meanwhile, the rental market has experienced a significant surge in demand. Monthly rental rates in the locality now range from Rs. 15,000 to Rs. 35,000 depending on the apartment size. This rental growth reflects a massive 366.7% rise in median rents as more professionals move to this suburban pocket. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Ovali Lake is a prominent landmark in Ovali. Some more include:
Ovali is well-connected through Ghodbunder Road and the following roads:
Kasarvadavali Metro Station on the Green Line 4 is the closest public transit option, located 2 km away. Some more include:
The nearest railway station and airport are Thane Railway Station, which is located 11 km away, and others:
Ovali is well-equipped with numerous top educational institutions, such as New Horizon Scholars School and Saraswati Vidyalaya High School, along with:
Some reputed healthcare places near Ovali include Vedant Hospital, and others:
You can access Viviana Mall and Korum Mall easily from Ovali mumbai. Some more include:
These localities are located around Ovali:
Here are some of the major employment centres near Ovali:
The popular landmarks within Ovali are:


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Satguru Enterprises has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
