Advertisement
25 Mar 2026
The Thane Municipal Corporation has presented its INR 6,221.12 crore budget for the 2026-27 financial year, focusing on infrastructure, healthcare, education, and basic civic services while keeping municipal taxes unchanged. Revenue income is estimated at INR 4,078 crore, with the gap to be managed through internal earnings, grants, and borrowings. Key allocations include waste management, water supply, and ward-level facilities. The administration has also highlighted financial discipline, improved transparency, and sustainable development, while targeting completion of major ongoing civic projects by the end of 2026.Read more
18 Mar 2026
RSVM Hospitality has acquired over 18.6 acres of land in Thane's Majiwada locality for more than INR 498 crore from entities of the Neterwala Group through two separate transactions. The deal includes land purchases from Chemicals and Ferro Alloys Pvt Ltd and Uni Abex Alloy Products Ltd. The acquisition is part of a structured transaction that was initiated earlier and completed recently. It highlights growing interest in Thane as a development hub due to better connectivity, infrastructure upgrades, and availability of large land parcels compared to Mumbai.Read more
17 Mar 2026
The Thane Municipal Corporation (TMC) has introduced a scheme granting 90% relief on penalties for property tax defaulters, allowing them to pay only 10% of the penalty amount along with their pending taxes. This initiative aims to improve tax recovery ahead of the fiscal year-end, addressing arrears of around INR 308 crore, with penalties totaling INR 191 crore. Residents can pay online, at ward offices, or through a new WhatsApp and chatbot system. While it may ease financial burdens on defaulters, some on-time taxpayers have raised concerns about fairness.Read more
13 Mar 2026
Raymond Realty has launched a new residential development in Thane within the Mumbai Metropolitan Region (MMR), expanding its housing portfolio in one of the region's fastest-growing micro-markets. The project, named & Ten X District 9, is being developed on a 9-acre land parcel and carries an estimated revenue potential of about INR 2,000 crore. The announcement was made through a regulatory filing earlier this week. The development forms part of the company's broader strategy to strengthen its residential presence in Thane, where Raymond Realty has already established multiple projects under its integrated township framework. The company, which is part of the Raymond Group, continues to scale its real estate operations in the MMR housing market, focusing on large residential developments that cater to the growing demand for organised housing in suburban locations.Read more
03 Mar 2026
The Bombay High Court has nullified the Maharashtra government's acquisition of 217 acres in Thane as private forest, ruling that procedural requirements were not followed. The notice for acquisition was neither served on the actual landowner, D Dayabhai and Co Pvt Ltd, nor signed by an authorised officer, violating the Private Forests (Acquisition) Act, 1975. The court cited the Supreme Court's Godrej & Boyce judgment, highlighting that proper notice and opportunity to be heard are mandatory. Authorities were directed to restore the land to its original status, rejecting claims based solely on revenue records.Read more
24 Feb 2026
Godrej Properties has signed a joint development agreement to develop an 18-acre residential project in Thane, Mumbai, with potential revenues exceeding INR 7,500 crore. The company, which expands through both land acquisition and joint ventures, considers Thane a key market in the Mumbai Metropolitan Region. The project will be its fourth in Thane. Strong sales growth has positioned Godrej Properties on track to meet its full-year revenue target of INR 32,500 crore for the 2025-26 fiscal, reflecting robust demand and strategic market expansion.Read more
23 Feb 2026
Shapoorji Pallonji Real Estate has launched Oyster, a premium residential project within the Northern Lights development in Thane. Featuring 283 2- and 3-bedroom apartments ranging from 564 to 1004 sq ft, the project combines urban connectivity with scenic views of the city and surrounding hills. Prices start at INR 1.56 crore. Designed for modern lifestyles, Oyster offers wellness and fitness amenities, leisure spaces, and social interaction zones. The development reinforces Thane's growth as a premium residential micro-market and aligns with SPRE's commitment to design excellence and long-term value for homebuyers.Read more
17 Feb 2026
Thane Coastal Road-1 has achieved significant construction progress, with over half of its elevated viaduct foundation work completed within about eight months. The 13.45 km, six-lane greenfield corridor uses a single-pile, single-pier monopile system, a first for such a road project in India. Planned as a freight and mobility corridor, it aims to reduce congestion on Ghodbunder Road, improve links between NH-160 and Gaimukh, protect mangrove areas, and connect with multiple upcoming transport projects in the region.Read more
15 Feb 2026
Wagle Estate is fast emerging as Thane's answer to Bandra Kurla Complex (BKC), undergoing a major transformation from an industrial MIDC zone into a vibrant commercial and lifestyle-driven micro-market. Established in 1962 as a manufacturing hub, the precinct is now witnessing rapid infrastructure upgrades, metro connectivity, cluster redevelopment and the addition of Grade-A office towers alongside premium residential projects. The integration of workspaces with retail, dining, and wellness amenities is reshaping its identity into a mixed-use urban hub. With improved connectivity to Mumbai and Navi Mumbai, and growing demand for live-near-work housing, Wagle Estate is positioning itself as a self-sustained business and residential cluster driving Thane's next phase of urban growth.Read more
10 Feb 2026
The Thane Municipal Corporation has collected INR 556.19 crore in property tax so far in the current financial year, missing its INR 841 crore target by over INR 280 crore. Ward-level data shows Majiwada Manpada as the highest contributor, followed by Vartak Nagar and Naupada Kopri. To address the gap, the civic body has stepped up recovery measures, including water supply disconnections for residential defaulters and attachment of non-residential properties, while also planning payment camps in housing societies to improve compliance.Read more
Advertisement
15 Jan 2026
House of Hiranandani has launched an AI-led visualisation that explains how upcoming transport infrastructure may improve Thane's connectivity within the Mumbai Metropolitan Region. Using government-approved data, the film maps planned metro corridors, tunnels, expressways, and airport links to show potential reductions in travel time and congestion. The initiative highlights Thane's shift towards multi-route connectivity and aligns with India's Vision 2030 for integrated mobility. It reflects growing homebuyer focus on commute reliability, access to employment hubs, and long-term livability shaped by infrastructure-led urban planning.Read more
06 Jan 2026
Residents near Haware City in Thane have expressed concern over the operations of a Ready Mix Concrete (RMC) plant, claiming it runs beyond permitted hours and causes severe dust and noise pollution. They reported fine particulate matter covering homes and streets, affecting daily life and raising health concerns, especially for children and the elderly. Despite multiple complaints to the Maharashtra Pollution Control Board and Thane Municipal Corporation, residents say enforcement has been slow. A public interest litigation has been filed, demanding immediate inspection and strict compliance with environmental norms.Read more
02 Jan 2026
Kalpataru Projects International Ltd (KPIL) has secured a new order worth INR 719 crore in its urban infrastructure business, further strengthening its position in India's fast-expanding urban mobility segment. The order pertains to an elevated metro rail project in Thane, Maharashtra, highlighting growing investments in metro rail networks across major cities. The win reinforces KPIL's capabilities in executing complex engineering, procurement and construction (EPC) projects in urban transportation. With infrastructure-led growth gaining momentum, the latest contract adds to the company's strong order book and underlines its focus on metro rail, flyovers and other urban mobility solutions in India and overseas.Read more
26 Dec 2025
CREDAI MCHI Thane is set to host the 23rd Real Estate & Housing Finance Expo 2026 from February 20 to 23, 2026, positioning it as a key event in the Mumbai Metropolitan Region's property calendar. As Thane evolves into a self-sustained urban hub, the expo reflects the city's growth in infrastructure, connectivity and lifestyle aspirations. To be held at Dosti West County, Balkum, the event will bring together reputed developers, financial institutions and industry experts on a single platform. Designed as a future-ready, trust-led experience, the expo aims to inspire confidence among homebuyers and stakeholders alike.Read more
15 Dec 2025
HG Infra Engineering and Kalpataru Infrastructure have secured a key civil works contract for the Thane Metro project, marking a significant step in expanding urban transit infrastructure in the Mumbai Metropolitan Region. The joint contract covers construction of elevated structures, viaducts, metro stations and related civil works, including foundations, piers and station platforms. Once operational, the Thane Metro is expected to improve connectivity between major residential, commercial and transport hubs, helping reduce travel time and road congestion. The project supports the region's broader push towards mass rapid transit, cleaner mobility options and planned urban development, while boosting infrastructure-led growth in Thane's fast-evolving real estate market.Read more
26 Nov 2025
Rustomjee Group has strengthened its presence in Thane with the launch of Tower D at La Vie, the fourth tower within its 8.5-acre gated enclave in the 100-acre integrated township. The township features a functioning fire station, Rustomjee Cambridge International School, an upcoming hospital, the Tri Mandir, and future commercial and retail spaces. CEO Anupam Verma said La Vie reflects the group's focus on building communities that blend design, functionality and nature. Keppel Ltd.'s Ho Kiam Kheong highlighted that their partnership combines sustainable urban solutions with Rustomjee's residential expertise. La Vie also benefits from strong connectivity and multiple upcoming infrastructure projects.Read more
12 Nov 2025
The CREDAI-MCHI Thane Redevelopment Expo held recently at the Raymond Trade Show Hall drew a significant turnout from housing society members, developers, and industry professionals. The two-day event, organised to promote awareness and collaboration in Thane's redevelopment landscape, facilitated productive discussions on policy reforms, project design, and legal aspects of redevelopment. With over 2,000 attendees, the expo demonstrated Thane's growing enthusiasm for rejuvenating ageing housing societies through sustainable and community-oriented development models.Read more
12 Nov 2025
CREDAI-MCHI Thane inaugurated the Redevelopment Expo 2025 at the Raymond Trade Show Hall, marking a pivotal step in Thane's real estate transformation. The event drew over 2,000 attendees, including developers and housing society representatives, to explore redevelopment opportunities. Leaders such as Sachin Mirani and Jitendra Mehta emphasised the expo's role in guiding societies through redevelopment, while Ajay Ashar noted that nearly half of Thane's housing stock is over 30 years old. The event also saw the launch of Thane Vision 2030, outlining key infrastructure plans. Officials, including MP Naresh Mhaske and Collector Shrikrishna Panchal, praised the initiative for promoting collaboration and improving urban living standards.Read more
10 Nov 2025
As India's property sector continues to evolve, redevelopment is being seen as a key driver of value creation for homeowners. CREDAI MCHI Thane is preparing to host its Redevelopment Exhibition and Convention at the Raymond Trade Show Hall in Thane to help housing societies navigate the redevelopment process with greater ease. The event, scheduled for the coming week, aims to educate residents on how the revised FSI norms and policy changes can turn ageing structures into modern, high-value assets that enhance community living and long-term property worth.Read more
09 Nov 2025
Thane, once considered a quiet suburb of Mumbai, is rapidly transforming into a key commercial and mixed-use hub within the Mumbai Metropolitan Region (MMR). Supported by infrastructure growth, competitive rentals, and an influx of investors, the city is attracting developers, corporates, and homebuyers alike. Affordable Grade-A office spaces, vibrant retail centres, and integrated developments combining work and living spaces are reshaping Thane�s real estate identity. The city�s expanding ecosystem signals a shift towards self-sufficiency and sustainable urban growth.Read more
Advertisement
