29 Mar 2024

Real estate developer Square Feet Group has announced that it will invest INR 300 crore to construct 1,000 flats spread over 3 acres in Thane under their new project 'Yuva Rajya'. Targeting millennials, the project is located opposite Grand Central Park. In the first phase launch, 300 flats were released, of which 100 were sold within 6 hours of the launch. The total cost is estimated at INR 250-300 crore with expected sales of INR 750 crore. The group owns over 20 acres in the area and plans to complete four major projects in Thane by 2027 worth INR 1,500 crore and INR 3,500 crore in revenue, catering to various housing segments and commercial areas.Read more

PNT Reporter

25 Mar 2024

The third Thane Creek Bridge, connecting Mumbai and Navi Mumbai, nears completion and is set to alleviate traffic congestion. Scheduled for completion in November, with the Mumbai-Navi Mumbai arm expected by June, the project boasts a total of six additional lanes. L&T Limited oversees the construction and the project is planned on a INR 559-crore budget. The 1.84 km main span includes approach roads and a toll plaza. Delays, including environmental permissions and the pandemic, pushed the start to October 2020. Once operational, the bridge promises relief for the daily two-lakh vehicles and ensures improved connectivity for the region.Read more

14 Mar 2024

CREDAI-MCHI Thane’s Property 2024 expo, 'Home Utsav: Property 2024-Thane,' successfully transitioned into a digital format following its brick-and-mortar event at Raymond Ground in Thane West. Honorable Maharashtra Chief Minister Shri Eknathji Shinde inaugurated the digital expo, lauding President Jitendra Mehta's foresight in facilitating home seekers' dreams in Thane. The physical expo witnessed 31,217 registrations and 217 bookings, with banks sanctioning Rs 1250 crores in home loans. Mehta described the event as immensely gratifying, underscoring Thane's pivotal role in the MMR real estate market. The expo not only showcased homes but also fostered community engagement, setting a new standard for real estate expos in the region. The digital expo, timely launched post-event, aims to capitalize on increased homebuyer interest, providing a platform for those who missed the physical event to realize their dream homes in Thane.Read more

20 Feb 2024

Squarefeet Group launched India's first Millennial Housing Project in Thane, strategically situated opposite the expansive Grand Central Park. The project, unveiled by Maharashtra Chief Minister Eknath Shinde, is a pioneering venture aimed at redefining urban living for millennials. The Grand Central Park, spanning 20.5 acres, offers a diverse range of cultural themes and lush landscapes. The housing project promises a five-star hotel-like living experience with tailored amenities including culinary delights, housekeeping, and automated laundry services. Innovative features such as dedicated health experts and hybrid gyms ensure holistic well-being.Read more

14 Feb 2024

Thane recently unveiled its latest urban marvel, the Grand Central Park under the auspices of Chief Minister Eknath Shinde. Spanning 20.5 acres in Kolshet, this green sanctuary mirrors the splendor of New York's Grand Central and London's Hyde Park. Developed by the Thane Municipal Corporation and private developer Kalpataru, the park features over 3,500 tree species, themed gardens, the country's largest skating yard, and diverse recreational facilities. The Grand Central Park aims to become a cornerstone of community and environmental well-being, offering a serene escape and a hub for cultural and fitness activities in Thane.Read more

12 Feb 2024

The CREDAI-MCHI Thane's 'Home Utsav: Property 2024-Thane' expo, scheduled from February 16 to 19, 2024, aims to turn dreams into reality for home seekers in the Mumbai Metropolitan Region. Set at Raymond Ground, Pokhran Road No 1, Thane West, the expo will connect investors and home-buyers with Thane's leading real estate developers. Jitendra Mehta, President of CREDAI MCHI Thane, emphasized Thane's growth potential, showcasing it as a well-planned, green, and self-sustaining city offering diverse real estate options. The expo aims to demonstrate Thane's evolution into a global city, highlighting its excellent residential and commercial offerings.Read more

12 Feb 2024

Thane-based real estate brand Vihang Group has achieved a remarkable feat by selling 200 apartments in its newly launched ‘Capital of Thane’ project within just 10 days, generating a revenue exceeding INR 150 crores. The success underscores the strong demand for residential properties along Thane's Ghodbunder Road. With an ambitious investment plan of INR 850 crores this year, Vihang Group aims to launch three more projects in the same micro-market. It is projecting an estimated sales potential of INR 2000 crores and anticipating a steady increase in expenditures over the next five years.Read more

09 Feb 2024

The Runwal Group has launched 'Runwal Garden City,' a 250+ acre mega township project in Dombivli (E), featuring 250+ amenities including gardens, clubhouses, parks, and cricket grounds. Strategically located near key infrastructural developments like the Airoli-Katai Tunnel and Navi Mumbai Airport, the project offers seamless connectivity. Managing Director Subodh Runwal highlights the project's focus on lifestyle, with amenities catering to all age groups, extensive green spaces, and community-centric design. The township includes schools, retail spaces, and office areas, aiming to elevate Dombivli as a sought-after destination. The project reflects Runwal Group's commitment to holistic urban living and sustainability.Read more

05 Feb 2024

Ashwin Sheth Group launches "FERN'' at Sheth Vasant Lawns in Thane, the ninth tower of the esteemed project spanning 7 acres. Featuring 2, 3, and 4 BHK residences, including Jodi apartments, FERN offers apartments starting from 840 sq. ft at INR 1.57 crore onwards. With only four apartments per floor, Vastu Compliance, and scenic views of Yeoor Hills, FERN epitomizes luxury living. Thane has emerged as a sought-after location for homebuyers, boasting connectivity to Mumbai and witnessing a rise in property demand. With 25+ amenities, proximity to Viviana Mall, Jupiter Hospital, and esteemed educational institutions, FERN promises an unparalleled urban lifestyle in Thane's Platinum Belt.Read more

31 Jan 2024

Thane's Vihang Group recently achieved a milestone with Thane Municipal Corporation's approval for a massive three million square feet, marking one of the largest single approvals for non-township development. The group also secured Occupancy Certificates for 2.5 million square feet across Ghodbunder Road projects in the same fiscal year. With plans for four projects, including "Capital of Thane," the group anticipates a revenue potential of Rs 2,000 crore. Funding these endeavours through equity, bank loans, and customer advances, Vihang Group has earmarked Rs 2,500 Crore for the next five years, focusing on Kasarvadavli and Bhayander micro markets.Read more

25 Jan 2024

Integrow Asset Management has partnered with Pune-based developer Paranjape Schemes, committing a substantial Rs 100 crore investment in their new Thane project. With over three decades of experience, Paranjape Schemes is known for quality and innovation, having completed 200 projects across 9 Indian cities. With incredible views of Yeoor Hills, the massive 1.5 million square foot Thane project is expected to generate an astounding revenue of Rs 1000 crores. With a focus on technology and customer-focused strategies, the executives convey enthusiasm for reinventing urban living. This partnership, which combines creativity, excellence, and client satisfaction, is expected to have a long-lasting effect on Thane's real estate market.Read more

16 Jan 2024

Thane Municipal Corporation, led by Commissioner Abhijit Bangar, announced a stringent month-long demolition drive against illegal constructions starting January 10. This action, backed by Chief Minister Eknath Shinde's directive, targets notorious areas like Kalwa, Mumbra, and Diva. The operation, under the Maharashtra Prevention of Dangerous Activities Act, includes demolishing unauthorized structures and penalizing landlords for reconstruction. The drive aims to dismantle illegal buildings completely, with significant police and civic force deployment. This initiative, amid past corruption concerns, marks a determined effort to eradicate the city's long standing illegal construction issues.Read more

11 Jan 2024

Thane-based Vihang Group is set to invest over Rs 850 crore in four real estate projects spanning 5 million sq ft to meet the housing demands of Thane. Emphasizing a revenue potential exceeding Rs 2,000 crore, the developments aim to offer aspirational living for millennials. Vihang Group, committed to sustainability, plans to fund the projects through a mix of equity, working capital, and customer advances, targeting completion by 2027. With 80% focused on residential spaces and 20% on lifestyle, hospitality, and education, the initiative aligns with the evolving preferences of Thane's housing market, marking a strategic expansion.Read more

29 Dec 2023

State-owned NBCC has announced the completion of the sale of 5,000 residential units valued at Rs 2,900 crore across various projects of the Amrapali Group, as part of the Supreme Court-directed initiative through Amrapali Stalled Projects Investments Reconstruction Establishment (ASPIRE). This significant milestone represents over 80 percent of the available inventory, providing relief to buyers who have awaited possession for years. NBCC, committed to completing Amrapali projects, aims to finish all remaining projects by March 2025, as it actively addresses challenges and contributes to the resolution of the long-standing issue of stalled residential developments.Read more

29 Dec 2023

The Municipal Commissioner of Thane, Abhijit Bangar, has issued a "zero tolerance" directive against unauthorized construction in the city. Following the suspension of a senior official accused of protecting illegal structures, Bangar emphasized strict measures and consequences for those associated with such activities. Officials were instructed to comply with the Chief Minister's directive to demolish illegal structures, with a focus on cutting water connections to these constructions. Disciplinary actions were warned for officials involved in permitting illegal constructions, particularly those with water connections.Read more

26 Dec 2023

Raymond Realty unveiled a grand 51,000-square-foot clubhouse in Thane's Ten X Habitat, marking a major milestone in its prime real estate venture. Featuring facilities like squash and badminton courts, a movie theatre, gym, and a serene pool. It also houses a communal catering kitchen for large gatherings. Gautam Hari Singhania, Chairman of Raymond Ltd, expressed pride, highlighting the commitment to creating vibrant communities. This clubhouse, accessible to all residents, sets a new standard in communal living, offering a space for connection, recreation, and a holistic living experience. Ten X Habitat project had already made headlines for completing three of its ten towers in December 2022, 4 years of its RERA schedule.Read more

20 Dec 2023

Dosti Realty is making its foray into redevelopment with rights secured for a Thane project near the Eastern Express Highway. The 1 lakh sq ft land parcel promises a cumulative development potential of 3.10 lakh sq ft, with 2.10 lakh sq ft available for sale. The project has a revenue potential of over Rs 400 crores and is slated for a launch in FY 24-25. In addition to this, Dosti Realty is also said to be finalising two cluster redevelopment projects in Mumbai at an estimated investment of over Rs 1,000 crore. The company witnessed robust sales this fiscal year with sales exceed 3,000 residential units.Read more