Situated at a distance of approximately 40 km from Thane and 53 km north of the district of Jalna, Asangaon is an upcoming residential locality. It is a busy railway station, which caters to Shahapur city. It used to be a small village, along the Mumbai Nashik Highway and the Mumbai–Kasara–Igatpuri–Nashik railway line.

But recently it has started to attract lot of real estate developers. Many new residential apartments, colleges, retail outlets, banks and eateries have been developed in the area due to the development of 400 odd non-polluting industries in Asangaon Industrial Area and Oswal Industrial Estate, nearby.

Asangaon is the terminal station for the Asangaon local train. It comes in between the Central line of the Mumbai Suburban Railway network. This station is used by approximately 75, 000 passengers on a daily basis for commuting to various places.

There are plenty of options available in affordable flats in Asangaon segment. The residential properties in Asangaon are affordable. There are currently 7 under construction properties in Asangaon. The prominent real estate developers are Mayfair Housing, Group, Buildcon, Shree Krupa Developers and Tachyon Realty. The price for the residential apartments starts from Rs. 2,400 per sq.ft. to maximum price of Rs. 2,800 per sq.ft.