12 May 2025

The third Thane Creek Bridge (TCB-3), a vital 1.8-km six-lane link between Mumbai and Navi Mumbai, is now complete and awaits final approval for inauguration. Executed by the Maharashtra State Road Development Corporation at a cost of INR 850 crore, the bridge aims to ease traffic on the heavily congested Sion-Panvel highway, which sees over 1.3 lakh vehicles daily. Civil work finished in April, but the opening is pending clearance from the Prime Minister's Office and the Ministry of Road Transport. Once inaugurated, TCB-3 is expected to significantly reduce commute times and enhance regional connectivity between the two growing urban centres.Read more

30 Apr 2025

Thane is expected to see a sharp increase in real estate transactions, particularly housewarmings and home purchases, as Akshaya Tritiya draws near. The festival, which is considered highly auspicious, encourages people to make property investments, with the belief that it brings prosperity and growth. CREDAI MCHI Thane has expressed optimism for the occasion, underscoring the city's expanding real estate market, bolstered by excellent connectivity and infrastructure. The body remains committed to promoting sustainable and affordable housing while maintaining ethical business practices in the industry.Read more

21 Apr 2025

Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, marking a strategic investment along the rapidly developing Ghodbunder Road corridor. The deal, registered on March 20, 2025, is part of a larger 30-acre holding, hinting at potential future development. Their move aligns with growing celebrity interest in Mumbai's suburban markets, driven by infrastructure projects like Metro Line 4 and the Borivali - Thane Twin Tunnel. The duo latest acquisition adds to their growing real estate portfolio, including a INR 20-crore Bandra apartment and an INR 8-crore buy in Khar.Read more

03 Apr 2025

Over the past couple of years, Thane's real estate sector has demonstrated consistent growth, establishing itself as a prime market within the Mumbai Metropolitan Region (MMR). Residential demand surged, with a 6.8% quarter-on-quarter increase in Q1 2023, and property rates rose significantly across key locations. Infrastructure developments such as the Thane-Borivali Twin Tunnel and Metro Line 4 have enhanced connectivity, boosting investor confidence. Major developers launched successful projects, while commercial and retail segments also gained traction. Rising construction costs and interest rate hikes posed challenges, yet Thane's affordability relative to Mumbai maintained its appeal.Read more

31 Mar 2025

As Maharashtra celebrates Gudi Padwa, CREDAI MCHI Thane has extended warm greetings to its members, real estate stakeholders, and the citizens of Thane. This festival coincides with a significant transition within the organisation, as the new Managing Committee assumes charge from the beginning of April 2025. Gudi Padwa, symbolising new beginnings and prosperity, aligns with the association's commitment to sustainable, affordable, and high-quality housing. The real estate sector in Thane has experienced notable growth due to its strategic location, connectivity, and infrastructure. The new leadership has pledged to uphold transparency, accountability, and ethical business practices, ensuring the welfare of its members and customers.Read more

13 Mar 2025

The Thane Municipal Corporation (TMC) has unveiled a INR 5,645 crore budget for 2025-26, prioritizing road repairs, public transport, and urban infrastructure. Key projects include the Balkum-Gaimukh Coastal Road (INR 3,364.62 crore) and the Thane-Borivali Tunnel (INR 16,600.40 crore), aimed at easing congestion and cutting travel time. The launch of 160 electric buses (INR 57 crore) and construction of nine metro foot overbridges further improve mobility. Other major initiatives include flyovers on Ghodbunder Road, Eastern Freeway extension (INR 2,900 crore), and an elevated road on the Eastern Express Highway (INR 1,275 crore). These developments will significantly enhance connectivity, reduce congestion, and boost Thane's infrastructure.Read more

28 Feb 2025

The Maharashtra government has decided to rehabilitate approximately 18,000 slum households from the Sanjay Gandhi National Park (SGNP) to Thane district, as per directives from the chief minister. At a recent meeting, the city and suburban collectors conveyed their inability to provide land for rehabilitation, prompting the decision to relocate residents closer to Mumbai, excluding Palghar. Previous rehabilitation plans, including 90 acres in Aarey Colony, faced legal hurdles, with a high court stay impeding progress. The state government, under scrutiny from the Bombay High Court for inaction, has also proposed a protective wall around SGNP at a cost of approximately INR 196 crore.Read more

Vriti Gothi

26 Feb 2025

Thane is undergoing a major transformation through large-scale slum rehabilitation and redevelopment led by the Mumbai Metropolitan Region Slum Rehabilitation Authority (MMR SRA). Supported by frameworks like the Unified Development Control and Promotion Regulations (UDCPR) and the Maharashtra Town Planning Act, these projects aim to improve living standards while optimizing land use. Key developments, such as Shree Saianand CHS and Ajinkya Maharashtra CHS, integrate rehabilitation with urban planning. The MMR SRA is ensuring transparency by inviting public feedback, promoting inclusive decision-making. These efforts are shaping Thane into a more sustainable and habitable city while addressing housing challenges.Read more

24 Feb 2025

Thane Municipal Corporation (TMC) and Thane Tree Authority, in association with Oberoi Realty, have undertaken the Thane City Beautification Drive under Vrukshavalli 2025. The CSR activity is aimed at improving the green cover of Thane and fitting into its Smart City vision. Chief among these is the landscaping of a 16-kilometre route via native tree plantations, green landscaping, and green maintenance initiatives. The project attempts to strike a balance between city growth and an awareness of nature, supporting biodiversity and a green urban landscape. Oberoi Realty incorporates its approach of sustainable urbanisation into the project and manifests its commitment with projects such as Forestville and Oberoi Garden City Thane.Read more

13 Feb 2025

The 22nd Property Expo, organised by CREDAI MCHI Thane, concluded recently after a four-day showcase that drew a remarkable response from homebuyers and industry stakeholders. The event featured over 100 projects from 40 renowned developers and 10 financial institutions, attracting more than 20,000 families. Attendees explored a diverse range of properties, and organisers expect many serious buyers to proceed with purchases in the coming months. The expo also hosted insightful seminars and panel discussions on emerging real estate trends and sustainable development. The digital version of the expo will remain active for the next year, ensuring accessibility for those who missed the physical event.Read more

12 Feb 2025

Thane is witnessing rapid development with the successful implementation of the cluster scheme by the state government. Deputy Chief Minister Eknath Shinde urged the Maharashtra Chamber of Housing Industry (MCHI) to take the lead in transforming Thane into the top city in the country. The government is providing various incentives to developers, and Mr. Shinde encouraged them to contribute towards fulfilling the dream of affordable housing for the common man. The 22nd CREDAI-MCHI property exhibition was inaugurated in Thane, bringing together key officials and industry leaders to discuss the city's infrastructural progress, including major projects like Metro lines and tunnel constructions. Plans for water security and sustainable urban growth were also highlighted.Read more

06 Feb 2025

Infra.Market has secured a 20-year lease for a new 70,000 sq ft office in Thane's Wagle Estate, leasing an eight-floor commercial building from Ekatva Group. The lease will be registered in two phases, with the first three floors in January 2025 and the rest in March 2025. The deal is expected to generate over INR 200 crore in rental income. This expansion aligns with Infra.Market's growth strategy and reflects Thane's rising commercial real estate demand. The move enhances operational efficiency as the company strengthens its market presence amid the construction sector's post-pandemic recovery.Read more

06 Feb 2025

The 22nd Thane Property Expo 2025, hosted by CREDAI MCHI Thane, is set to take place from 7 to 10 February 2025 at Highland Gardens on Kolshet Road, Thane (W). It is a premier event showcasing over 100 real estate projects from renowned developers alongside financial institutions offering attractive loan options. The exhibition aims to provide prospective homebuyers with a seamless property-buying experience, featuring exclusive discounts, expert guidance, and a range of residential and commercial properties. With networking opportunities and financing solutions available in one place, the event is a must-visit for those looking to invest in real estate in Thane and its surrounding areas.Read more

30 Jan 2025

The Bombay High Court has granted Sheth Developers permission to complete Building No. 8 in the Vasant Lawns project, Thane, after quashing a previous injunction by the district court. The injunction had halted construction due to disputes over revised plans and allegations of non-compliance with the Maharashtra Ownership Flats Act (MOFA). The High Court found the societies' demands to revert to the 2005 plan impractical and highlighted that further delays would harm the developer and flat purchasers. The developer must finish construction within six months and apply for the Occupancy Certificate thereafter.Read more

16 Jan 2025

Thane's road connectivity is set to improve with the nearing completion of the Vadpe-Majiwada expansion project on the Old Mumbai-Nashik Highway. Spanning 23.8 km, the project upgrades the highway to an eight-lane corridor with service roads and ten vehicular underpasses at key bottlenecks. The MSRDC also highlights complementary developments like the final 76-km stretch of the Samruddhi Mahamarg, linking Igatpuri to Thane and connecting to the Mumbai-Vadodara Expressway. With modern infrastructure, including bridges, flyovers, and innovative construction techniques, these projects aim to reduce congestion, enhance travel convenience, and drive regional economic growth, marking a transformative phase for Thane's road network.Read more

16 Jan 2025

The long-awaited overbridge at Thane railway station, part of the Station Area Traffic Improvement Scheme (SATIS), remains incomplete, inconveniencing commuters and delaying integration with Metro 5 and 9 lines. Designed to ease congestion and streamline connectivity between east and west Thane, the project includes a mezzanine level for parking and commercial spaces. Delays stem from pending railway clearances and construction challenges, particularly near live tracks and the new Platform 10A. Despite setbacks, civic officials are optimistic about completion, emphasizing the project's potential to enhance multi-modal transit and reduce travel time, making Thane a key transport hub in the Mumbai Metropolitan Region.Read more

14 Jan 2025

The Rail Land Development Authority (RLDA), in collaboration with the Thane Municipal Corporation (TMC), is advancing plans for a multi-modal transit hub at Thane railway station's eastern side. As part of the Station Area Traffic Improvement Scheme (SATIS)-E, an 11-storey commercial building will be developed, integrating facilities like parking, bus movement, and leasable airspace for commercial use. This initiative aims to address traffic congestion while enhancing connectivity with the Eastern Expressway through a circular elevated road. The project continues the success of the first SATIS initiative in Thane West, completed in 2010, which improved local traffic flow.Read more