27 May 2026

The Income Tax Department organised an outreach programme under ‘PRARAMBH-2026’ in Thane to create awareness about provisions of the Income Tax Act 2025 among taxpayers and financial stakeholders. The event, conducted by the office of the Principal Commissioner of Income Tax-1, Thane, witnessed participation from more than 350 taxpayers, industry representatives, chartered accountants and cooperative banks. Sessions focused on key provisions including the new ‘Tax Year’ concept, return filing procedures and revised TDS/TCS frameworks aimed at improving taxpayer convenience and reducing compliance requirements.Read more

22 May 2026

• Aditya Birla Real Estate said its unit achieved sales bookings worth INR 1,007 crore at the Birla Taranya residential project in Thane.
• The project performance reflects continued demand for premium and upper mid-income housing in the Mumbai Metropolitan Region.
• Thane has remained a strong residential market due to improving infrastructure, connectivity, and growing end-user demand.
• The company has been expanding its residential portfolio across major cities including Mumbai, Bengaluru, Pune, and NCR.
• The latest bookings come as branded developers continue to benefit from steady housing demand and consolidation in the real estate sector.Read more

20 May 2026

The Thane Municipal Corporation (TMC) has earmarked nearly 100 acres of land linked to the Sanjay Gandhi National Park (SGNP) under its draft planning proposals, drawing concerns from environmental groups and forest authorities. The land has reportedly been proposed for public-use and green infrastructure purposes as part of the city’s development framework. The move comes amid continuing legal and policy discussions around forest land, rehabilitation planning and development activity near SGNP, where urban expansion and infrastructure growth have increasingly intensified land-use pressures.Read more

17 May 2026

• Dosti Realty inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, marking the first temple developed inside any of the company’s residential projects.
• The temple forms part of the developer’s broader community infrastructure plan within the 125-acre integrated township located near Thane.
• The project, situated around 7 km from Lake Shore Thane, includes over 70 per cent open green spaces, a 1 lakh sq. ft. clubhouse, high-street retail and planned educational facilities.
• Company executives stated that the temple is intended to function as a shared cultural and social space for residents. The township is also expected to benefit from connectivity through the upcoming Kalher Metro Station.Read more

12 May 2026

The Bombay High Court has heard a batch of writ petitions challenging mutation entries made by the Maharashtra government on land parcels in Yeoor village, Thane, under the Maharashtra Private Forest (Acquisition) Act, 1975. The petitions were filed by multiple landowners, including Roselind Pauly and others, who argued that their lands were wrongly recorded as vested with the State through Mutation Entry No. 616. The petitioners relied on a 2016 division bench judgment in Dr Arjun Sitaram Nitanwar vs Tahsildar, District Thane and Others, where certain land parcels in the same village were declared not to be private forest land and the mutation entries in favour of the State were cancelled. A division bench comprising Justices Bharati Dangre and Manjusha Deshpande directed the government to seek instructions from revenue authorities before the matter is heard further later this month.Read more

11 May 2026

Celcius Logistics and Ottobock India have opened a dedicated warehousing facility in Thane to support the storage and distribution of prosthetics and specialised medical devices across India. The 3,000 sq ft facility at Wagle Estate has been developed to manage over 2,000 stock keeping units and serve 24 clinics along with more than 200 independent partners. Under a five-year agreement, Celcius Logistics will manage warehousing and transportation operations for Ottobock India. The companies said the partnership aims to strengthen supply-chain reliability for critical healthcare products while improving delivery efficiency and inventory management. The warehouse also includes temperature-controlled storage infrastructure, and capacity is expected to be expanded by 25% over the next year.Read more

09 May 2026

Dosti Realty has inaugurated a Ganesh temple within its Dosti Greater Thane township in Kalher, located around 7 km from Lake Shore, Thane, marking the first such religious structure developed within its residential projects. The 125-acre integrated development, designed as a self-sustained neighbourhood, includes over 70% open spaces, a 1 lakh sq ft clubhouse, and planned social infrastructure. The project is positioned near the upcoming Kalher Metro Station, improving connectivity to Thane and the wider Mumbai Metropolitan Region. Alongside residential offerings of 1 and 2 BHK units, the township incorporates lifestyle and training facilities, including sports academies and retail spaces. The temple adds a community-oriented element aimed at supporting cultural and social interactions among residents within the development.Read more

29 Apr 2026

The Thane Integral Ring Metro project has been placed under direct monitoring of the Prime Minister’s Office through the PRAGATI platform to improve execution and resolve delays. A recent review involving central, state and local authorities assessed progress, with another review scheduled for April 29. The 29-km corridor, estimated at around INR 12,000–12,200 crore, aims to improve intra-city connectivity and reduce road congestion. While construction activity has started in parts, concerns related to environmental impact, alignment changes and lack of public consultation continue to be raised by residents and political groups.Read more

21 Apr 2026

The 23rd CREDAI MCHI Thane Property Expo concluded recently with strong participation, drawing over 20,000 visitors and recording 234 on-the-spot bookings. The three-day event showcased more than 100 RERA-approved projects across segments and price ranges, with the INR 55 lakh to INR 2.25 crore bracket seeing the highest demand. Key micro-markets such as Ghodbunder Road, Kolshet, Pokhran and Majiwada remained in focus. Banks sanctioned home loans worth INR 398 crore during the event. Developers also reported steady NRI and investor interest, supported by ongoing infrastructure developments across Thane.Read more

20 Apr 2026

The 23rd edition of the CREDAI MCHI Thane Property Expo concluded after recording 20,467 visitors and facilitating 234 spot bookings across residential, commercial and retail segments. The three-day event featured over 100 RERA-approved projects from 40+ developers, with demand concentrated in the INR 55 lakh to INR 2.25 crore range. Key micro-markets such as Ghodbunder Road, Kolshet, Pokhran and Majiwada saw strong traction. Banks processed 398 loan applications, reporting higher sanction rates due to on-site facilitation. The event also drew interest from NRIs and investors, supported by infrastructure developments including metro expansion and the proposed high-speed rail corridor.Read more

16 Apr 2026

CREDAI MCHI Thane is set to host the 22nd edition of its Property Expo from 17 to 20 April at Dosti West County, Balkum. The four-day event will feature over 100 RERA-approved projects from 40+ developers, along with participation from leading financial institutions. With housing options starting from INR 50 lakh to premium homes and commercial spaces, the Expo aims to attract both homebuyers and investors. It will also showcase Thane's infrastructure-led growth, supported by projects such as the Thane Metro and Borivli-Thane tunnel, which are improving connectivity and driving real estate demand.Read more

03 Apr 2026

Real estate developers in Thane have responded positively to the Maharashtra government's decision to keep ready reckoner (RR) rates unchanged. The move is expected to support market stability at a time of global economic uncertainty linked to the West Asia crisis. Industry bodies believe stable RR rates will help maintain buyer sentiment, improve transaction activity, and allow developers to plan pricing without additional cost pressure. The government had earlier considered increasing RR rates by 12-14 per cent but decided against it, keeping in mind current economic conditions and their impact on the property market.Read more

01 Apr 2026

A housing fraud case has been reported in Thane where 11 residents were cheated after being promised low-cost flats under a government housing scheme. The accused collected around INR 5,000 from each victim and later misused their personal documents to open bank accounts and carry out financial transactions. A case has been registered against three individuals for cheating and forgery. Police suspect a wider network and are checking if more people were targeted. The incident highlights rising misuse of trust in affordable housing schemes and the need for proper verification.Read more

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