SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Thane

MMRDA seeks CRZ clearance for INR 5,140 crore Thane Coastal Road 2

04 Aug 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has applied for Coastal Regulation Zone (CRZ) clearance for the proposed Thane Coastal Road 2 (TCR-2), a 7.13-km elevated corridor connecting Anand Nagar in Mulund East with Balkum in Thane. Estimated to cost INR 5,140.92 crore, the project is planned largely as a bridge on stilts and is expected to improve east-west connectivity, reduce congestion in Thane and integrate with several existing and proposed transport infrastructure projects.Read more

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Kasarvadavli-Kharbhav Creek Bridge project faces land acquisition hurdles at both ends, delay of up to a year expected

04 Aug 2026

The Kasarvadavli-Kharbhav Creek Bridge, being implemented by the Mumbai Metropolitan Region Development Authority (MMRDA), is facing land acquisition delays at both ends of the alignment. On the Kasarvadavli side, land is being acquired through Transfer of Development Rights involving private properties, while on the Kharbhav side, acquisition is being handled by district authorities. Coordination between multiple agencies is slowing the process, with the project potentially delayed by up to a year even as construction work over the creek has already begun. The bridge will provide a direct road link between Ghodbunder Road in Thane and State Highway 48 near Kharbhav.Read more

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Five-storey building collapses in Bhiwandi, rescue operations underway

04 Aug 2026

A five-storey residential building collapsed in Maharashtra's Bhiwandi town late on Saturday, triggering a large-scale rescue operation by the National Disaster Response Force (NDRF), local fire brigade and civic authorities. Several residents were trapped beneath the debris when the structure gave way, with fatalities and injuries reported as rescue efforts continued through the night. Authorities have launched an investigation into the cause of the collapse, while officials continue to search for survivors and assess the structural safety of nearby buildings.Read more

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Forest department refutes Thane civic chief’s claim over INR 2,800 crore TDR dispute

04 Aug 2026

The Maharashtra forest department has disputed Thane Municipal Commissioner Saurabh Rao’s claim that the ongoing INR 2,800 crore Transferable Development Rights (TDR) dispute arose because the department failed to challenge a Bombay High Court order within the prescribed time. Senior officials said the proposal to file a Special Leave Petition (SLP) remained pending with the state Law and Judiciary Department for nearly two months before the department decided to proceed independently. The dispute relates to a decades-old ownership battle over nearly 193 acres of land in Thane and has also attracted political attention due to the land's high value.Read more

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Sugee Group enters Thane with plans for a 50-acre waterfront commercial development

01 Aug 2026

Sugee Group has announced its entry into the Thane real estate market with plans to develop a waterfront commercial project spanning more than 50 acres around Siddheshwar Lake in Thane West. Announced during the past week, the development marks the Mumbai-based developer's first project in the city and is positioned as a Grade A+ commercial destination. Designed by architect Hafeez Contractor, the project aims to cater to growing demand for premium office space from businesses seeking alternatives to Mumbai's commercial districts. The company said the integrated development will benefit from Thane's expanding transport infrastructure and forms part of its broader strategy to expand its presence beyond Mumbai into high-growth urban markets.Read more

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Prestige Estates' Q1 profit falls 19%; enters Thane housing project with INR 6,000 crore revenue potential

31 Jul 2026

Prestige Estates Projects Ltd reported a 19% year-on-year decline in consolidated net profit to INR 235.9 crore for the quarter ended June 2026, despite recording higher total income. Revenue rose to INR 2,835.6 crore from INR 2,468.7 crore in the corresponding period last year. Separately, the Bengaluru-based developer announced a strategic partnership to develop a 14.6-acre residential project in Thane, Mumbai Metropolitan Region (MMR), with a development potential exceeding 5 million sq. ft. The company expects the project to generate around INR 6,000 crore in revenue, reinforcing its expansion strategy in one of MMR's fastest-growing residential markets.Read more

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13-year-old girl killed in balcony slab collapse at Mumbra residential building

29 Jul 2026

A 13-year-old girl died after a balcony slab collapsed at a residential building in Mumbra, Thane district, while five others were rescued from the debris with injuries. The incident occurred in a nearly four-decade-old structure, prompting emergency response teams to evacuate residents and inspect the building's condition. Authorities have launched an investigation into the cause of the collapse, once again drawing attention to the structural safety of ageing residential buildings in the Mumbai Metropolitan Region.Read more

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Fire in Thane residential tower forces evacuation of 80 occupants

27 Jul 2026

A fire that broke out in a residential high-rise in Thane led to the evacuation of around 80 residents as emergency teams carried out rescue and firefighting operations. The blaze, which reportedly originated in the building's electrical duct, was brought under control without any loss of life. Authorities also rescued a resident trapped inside a lift during the incident. Officials have launched an inquiry into the cause of the fire while assessing the extent of damage to the building's electrical infrastructure.Read more

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Bullet train construction under scrutiny over flooding concerns in Thane

25 Jul 2026

Shiv Sena corporators in the Thane Municipal Corporation have alleged that construction activities related to the Mumbai-Ahmedabad High-Speed Rail project are obstructing natural drainage channels, contributing to waterlogging in parts of the city during the monsoon. The allegations follow recent flooding in Diva and surrounding areas after heavy rainfall. Project authorities, however, have maintained that the high-speed rail works have not damaged any permanent bridge or drainage infrastructure, stating that only temporary access structures were affected by the rains and restoration measures are underway.Read more

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Novel Jewels leases 15,000 sq ft at Welspun One's WTC Thane for distribution operations

23 Jul 2026

Welspun One has leased approximately 15,000 sq ft of space at its Grade-A Urban Distribution Centre within the World Trade Centre (WTC) Thane to Novel Jewels Ltd, an Aditya Birla Group company. Announced in the past week, the lease will enable Novel Jewels to establish its storage and distribution operations closer to key consumption markets across the Mumbai Metropolitan Region (MMR). The transaction highlights increasing demand for institutional-grade logistics facilities capable of supporting businesses handling high-value inventory with enhanced security, operational continuity and scalability. Developed as a mixed-use business ecosystem, WTC Thane integrates urban distribution, commercial spaces, workplaces and supporting infrastructure, catering to occupiers seeking efficient last-mile connectivity within one location.Read more

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Meghna Infracon launches commercial project in Thane with INR 300 crore revenue potential

22 Jul 2026

Meghna Infracon Infrastructure Ltd has launched a commercial development at Wagle Estate in Thane, within the Mumbai Metropolitan Region (MMR), with an estimated revenue potential of INR 300 crore. The project, named Meghna One, will have a developable area of approximately 2.8 lakh sq ft and will comprise premium office, retail and hospitality spaces. The launch forms part of the company's expansion in the commercial real estate segment, targeting one of MMR's established business districts, where demand for integrated commercial developments has remained steady.Read more

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Protesters oppose Amazon’s proposed Thane data centre over environmental concerns

20 Jul 2026

Residents of Balkum, Kolshet and Dhokali in Thane staged a protest against Amazon's proposed 53-acre data centre, citing concerns over water consumption, electricity demand, noise pollution and environmental impact. The demonstrators alleged that the facility could affect nearby residential neighbourhoods, schools and hospitals and claimed discussions with civic authorities and Amazon had not resolved their concerns. Amazon rejected the allegations, stating that the project complies with all environmental regulations and will operate using a dedicated high-voltage power substation rather than the local electricity grid. The company also said the facility would not use community drinking water for cooling and that compensatory plantation is being undertaken for trees removed from the site.Read more

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Orchid Aarambh

03 Jul 2026

Thane, India

Orchid Aarambh is a new residential project in Ambivali, Mumbai, offering 1 and 2 BHK apartments ranging from 436 to 718 sq. ft. Developed by Orchid Realty, this project features modern amenities like a gymnasium, jogging track, and 24/7 security.

View Website | Visit RERA website

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Thane data centre plan sparks water and health concerns as NCP (SP) opposes project

24 Jun 2026

• NCP (SP) has opposed a proposed 54-acre data centre project in Thane, citing concerns over water availability and environmental impacts.
• The party claims the facility could intensify the region's recurring water shortages and pose health risks to nearby residents.
• Leaders have questioned the approval process and called for the state government to withdraw clearances granted to the project.
• The controversy highlights the growing challenge of balancing digital infrastructure expansion with local resource constraints.
Read more

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MMRDA approves INR 723 crore cable-stayed bridge linking Thane and Airoli to ease Kopri bottleneck

22 Jun 2026

The Mumbai Metropolitan Region Development Authority (MMRDA) has approved a new cable-stayed bridge connecting Kopri in Thane East with the Patni Road-Airoli Knowledge Park corridor in Navi Mumbai. The INR 723.42 crore project is expected to provide an alternative route across Thane Creek and reduce congestion at the heavily burdened Kopri junction. The proposed 1.4-km bridge forms part of MMRDA’s wider strategy to strengthen regional connectivity, address missing transport links and support growing commuter and commercial traffic between Thane and Navi Mumbai.Read more

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Thane Burial Ground Dispute Returns to Court as Encroachment and Contempt Allegations Intensify

19 Jun 2026

• The Bombay High Court is hearing fresh proceedings related to land reserved for burial grounds in Thane, following allegations of encroachment and non-compliance with earlier judicial directions.
• Petitioners have claimed that portions of land earmarked for Christian burial grounds continue to face unauthorised occupation despite previous court orders protecting the reservation.
• A contempt plea has also been filed against civic authorities, alleging failure to implement directions concerning the disputed land.
• The case has renewed focus on the protection of reserved public utility lands and the responsibilities of local authorities in enforcing planning regulations.
Read more

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Thane Metro alignment challenged over route planning concerns

13 Jun 2026

• The proposed Thane Metro alignment is drawing criticism from stakeholders, urban planning experts and industry representatives who have raised concerns over its route design and potential impact on existing infrastructure.
• Critics argue that the current alignment could affect mobility, industrial activity and long-term urban development objectives in key areas of Thane.
• The controversy has sparked wider debate over planning priorities, with stakeholders calling for greater scrutiny of the corridor’s alignment and its implications for the city's growth.
Read more

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Prozo expands Maharashtra warehousing network with 50,000 sq ft fulfilment centre in Bhiwandi

04 Jun 2026

• Supply chain operator Prozo has expanded its logistics presence in Maharashtra with a new 50,000 sq ft fulfilment centre in Bhiwandi, Thane district.
• The facility is designed to support FMCG, fashion and lifestyle, and healthcare distribution requirements across the state.
• With this addition, Prozo now operates seven fulfilment centres in Maharashtra, covering a total warehousing footprint of 4.1 lakh sq ft.
• The expansion reinforces Bhiwandi’s position as a key warehousing hub within western India’s logistics network.
Read more

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Income Tax Department holds PRARAMBH-2026 outreach programme in Thane on new Income Tax Act provisions

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

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