18 Jul 2024

Malang Gad, also known as Haji Malang Hill, witnessed a tragic landslide that claimed one life and injured two others. In response, the forest department initiated the demolition of 90 out of over 800 illegal structures, primarily targeting commercial shops. The Peer Haj Malang Dargah Baba Trust, asserting ownership of the land, opposed the demolition, alleging political motives, and filed a case. Civil judge A S Lanjewar intervened to halt further demolition, but by then, 90 structures had already been razed. The area gained significant attention in January when Chief Minister Eknath Shinde pledged to resolve the issue. The forest department's demand for documents culminated in the demolition, which occurred under tight security measures.Read more

17 Jul 2024

The Thane Municipal Corporation recently launched a significant demolition drive, targeting illegal structures and extensions built by popular hotels and resorts in the eco-sensitive Yeour hills. Prompted by complaints from the Indian Air Force and local tribal communities, the drive dismantled approximately 1.42 lakh square feet of unauthorised constructions, equivalent to three football fields. The demolished establishments, including Lalala Bar and Bombay Duck, were reportedly co-owned by prominent figures in Thane. This action, applauded by local residents and environmental activists, aims to address security risks, reduce public nuisance, and protect the fragile ecosystem of the Yeour Hills.Read more

10 Jul 2024

The Mumbai Metropolitan Region Development Authority (MMRDA) has reissued six infrastructure tenders aimed at improving Thane's connectivity. These projects, valued between INR 2.25 crore and INR 12.98 crore, include coastal roads, creek bridges, and elevated corridors. Originally announced pre-2024 Lok Sabha elections, the tenders were cancelled due to technical issues on the National Informatics Centre portal and have now been reissued with modifications. Key changes include reducing the defect liability period from five to two years. Construction periods range from 30 to 48 months, including time for approvals and accounting for monsoons. The bid submission deadline is July 12, with a pre-bid meeting scheduled at MMRDA's BKC office.Read more

09 Jul 2024

Residents of Haware Citi in Thane, Maharashtra, comprising over 7,000 residents across 28 towers, are opposing the construction of two ready-mix concrete (RMC) plants just 300 metres away. These plants, built by Megha Engineering and Infrastructure Ltd. for a tunnel project, have sparked concerns over dust pollution, air quality, and noise, particularly impacting nearby schools and the sensitive Sanjay Gandhi National Park ecosystem. Despite Maharashtra Pollution Control Board approvals, residents, backed by housing societies, are demanding the Thane Municipal Corporation relocate the plants, citing health risks and environmental damage. A planned protest underscores their determination to safeguard community well-being amidst infrastructure development.Read more

02 Jul 2024

Jitendra Mehta of CREDAI MCHI Thane anticipates significant strides in India's 'Housing for All' initiative with the upcoming budget. Mehta emphasizes the need for GST set-offs on redevelopment projects to ease tax burdens and enhance project viability. Improved infrastructure funding in cities like Thane could further spur housing accessibility and affordability. The real estate sector awaits policy incentives that could bolster investor and buyer confidence. With hopes high for targeted measures, industry leaders envision the budget as a catalyst for robust growth in Thane's real estate market and nationwide.Read more

26 Jun 2024

Thane, part of the Mumbai Metropolitan Region (MMR), is experiencing a rise in demand for affordable luxury residential projects. Improved infrastructure, better connectivity, and a preference for lifestyle amenities drive this trend. Developers like Prescon Group and JP Infra Mumbai Pvt. Ltd. are meeting this demand by offering premium living at competitive prices. According to PropEquity, Thane saw 26,702 units sold in Q1 CY'24, with a predicted 9% rise in sales for April-June 2024. Thane's strategic location, developed infrastructure, and thriving commercial environment make it an attractive destination for modern homebuyers seeking a balance of lifestyle and affordability.Read more

19 Jun 2024

Ashwin Sheth Group's "The 2722 Life" campaign introduces 5-bedroom residences at Sheth Avalon, Thane, featuring an expansive 2,722 sq. ft. carpet area - the largest in the region. Designed by ZZ Architects and Coopers Hill, these homes blend modern elegance with traditional charm. Sheth Avalon spans 5.5 acres, offering over 35 high-end amenities, including a swimming pool and clubhouse. Situated in Thane's Platinum Belt, the project provides luxury living with excellent connectivity. Bhavik Bhandari, Chief Sales and Marketing Officer, highlights the campaign's commitment to unparalleled living experiences, setting a new benchmark for luxury in Thane.Read more

14 Jun 2024

Thane's skyline is set for a transformation with the launch of "Ashar Merac," a residential project by the Ashar Group. Spanning 11 acres, with the first phase covering 4 acres, it offers over 2,000 1, 2, and 3-bedroom residences. Designed by architect Hafeez Contractor, these homes boast expansive living spaces and balconies, blending style with functionality. With amenities spread across three levels, including jogging tracks, mini-golf courses, and a massive swimming pool dubbed "The Oasis," residents will find everything they need for leisure and relaxation. Positioned in Shree Nagar (MTC), residents will enjoy easy access to nature and excellent connectivity via the Mumbai Metropolitan Region network, making it a prime investment opportunity in Thane's booming real estate market.Read more

13 Jun 2024

Runwal has revealed "Breeze," a new residential tower within its Runwal Lands End project in Thane's Kolshet area. Offering over 500 Vaastu-compliant 1 and 2-bedroom apartments, priced between INR 62 lakh and INR 1.10 crore, "Breeze" prioritizes space, privacy, and stunning views of 1,600 acres of greenery and the Ulhas River. The 10-acre Runwal Lands End features 70% open space and over 70 resort-style amenities, including a multi-layered clubhouse, putting green, sunrise gazebo, swimming pool, and a massive vehicle-free podium. Strategically located in Thane, Kolshet combines serenity with excellent connectivity and infrastructure, making it an attractive residential option.Read more

10 Jun 2024

Thane's real estate industry convened on June 6th for BizNet Thane 3.0, a B2B event by CREDAI MCHI Thane. Held at TipTop Plaza, the event facilitated over 100 interactions among developers, manufacturers, and service providers, showcasing trends and innovations to establish "Global Best Practices" in Thane's real estate. Highlights included Kalpataru Doors' fire safety doors and Prince Pipes' "silent pipes" technology. The event also launched the publication Thanevaibhav, aimed at guiding home seekers. BizNet Thane 3.0 fostered valuable connections and knowledge sharing, setting a foundation for future collaboration and innovation in Thane's real estate sector.Read more

04 Jun 2024

L&T Realty has partnered with Jagdale Infrastructure to develop a 12.2-acre slum rehabilitation project in Thane's Panchpakhadi area, with L&T Realty leading the project and earning 69% of the profits. The development, which involves over 20 slum pockets and has a potential of 3.12 million square feet, is expected to be completed in five years. L&T Realty will manage the design, construction, and sale of the free-sale component, while also overseeing the rehabilitation process for slum dwellers.Read more

04 Jun 2024

The final 76-kilometer stretch of the Samruddhi Mahamarg in Thane district, Maharashtra, is nearing completion and is expected to be open for traffic by the end of August. This milestone marks the full operationalization of the 701-kilometer expressway, the longest in the country. The Thane segment includes 16 bridges and four tunnels, with the Khardi bridge, standing at 82 meters, being the tallest on the expressway. Despite the technical challenges posed by the hilly terrain and the complex bridge construction, the Maharashtra State Road Development Corporation (MSRDC) is working diligently to ensure the project's timely completion. Once fully operational, the Samruddhi Mahamarg will provide a seamless link between Nagpur and Mumbai, transforming the transportation landscape of the state.Read more

31 May 2024

Creditors of the defunct Go First Airlines are set to auction a prime 94-acre land parcel in Thane, near Mumbai, with a reserve price of approximately INR 1,960 crore. The move follows a Delhi High Court ruling allowing lessors to seize the airline's planes. The land, previously held as collateral by the Wadia group, is expected to fetch between INR 1,200 crore and INR 2,500 crore considering its development potential. Advertisements for the auction will be published soon, giving buyers 60 days to submit bids. Creditors aim to recover part of the airline's INR 50,000 crore debt.Read more

25 Apr 2024

Prescon Group and House of Hiranandani have unveiled 'Belicia', a luxury residential project in Thane. This 48-storey tower promises elegant living and is slated for completion by June 2028. Located near Nitin Company Junction, it offers 2, 3 & 4 BHK apartments starting at INR 1.85 crore. Amenities include a clubhouse, swimming pools, and jogging tracks. The project benefits from its proximity to essential services, major transport hubs, and corporate parks. Thane's rapid infrastructure development and connectivity make it an attractive investment destination. 'Belicia' embodies modern luxury and represents a smart investment opportunity in the Mumbai Metropolitan Region.Read more

19 Apr 2024

The newly opened NaMo Grand Central Park in Thane is one of India's largest urban parks, spread over 25 acres. Inspired by the iconic Central Park in New York and Hyde Park in London, it features four themed gardens, a lake, amphitheater, children's play areas, and walking/jogging trails. The park aims to provide city residents access to nature and green space while also hosting cultural events. In its first two months it has attracted large crowds despite some challenges in transportation access and addressing specific needs across all ages.Read more

10 Apr 2024

MahaRERA has directed Godrej Greenview Housing Private Limited, part of Godrej Properties, to refund more money to a homebuyer, Ajit Dabhade, who cancelled his booking in the Godrej Emerald housing project in Thane. Dabhade had booked a flat worth INR 92.17 lakh in 2019 but cancelled due to issues securing a home loan. Godrej Properties forfeited the entire initial payment amount. MahaRERA ruled this was illegal under RERA and ordered Godrej to deduct only 2% of the flat value from the refund instead of the 5% allowed in the booking form. This ensures Dabhade receives more money back. MahaRERA also clarified its directives of a maximum 2% forfeiture in cancellation cases apply retrospectively to registered projects. Consequently, Godrej Greenview must refund Dabhade's payment within 45 days after deducting 2%.Read more