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

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

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

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

CREDAI-MCHI Thane will host the Redevelopment Expo 2025, a two-day event dedicated to promoting redevelopment opportunities across Thane. Scheduled at the Raymond Trade Show Hall, the free-to-attend expo will connect housing societies with developers offering innovative rebuilding solutions. Visitors can explore developer portfolios at the showcase pavilion, join expert-led panel discussions, and access consultation zones for personalised guidance on project feasibility, timelines, and legalities. Advisory desks will also provide insights on RERA compliance and financing. Designed as a collaborative platform, the event aims to help societies make informed redevelopment decisions while strengthening Thane's urban renewal efforts.Read more

Mr. Hiren Chheda, Founder & Managing Director, Ekatva Group & Chairman

Thane is becoming one of India's most attractive commercial and residential hubs, offering professionals a balance between career growth and personal well-being. With over 1.6 lakh enterprises registered, the city provides modern office infrastructure, lower real estate costs, and flexible workspaces suited for hybrid models. Strong connectivity through rail, road, and upcoming metro lines further enhances its appeal. Lifestyle-oriented townships, proximity to essential services, green spaces, and reduced commuting times make Thane a preferred choice for companies and employees seeking efficiency, productivity, and improved quality of life.Read more

Wagle Estate in Thane has developed into a community where living close to work is practical and convenient. The area combines residential complexes with office spaces, allowing professionals to reduce commute times while enjoying a better work-life balance. With good connectivity to Mumbai, nearby IT parks, educational institutions, healthcare facilities, shopping, and recreational options, the locality supports modern urban living. Developers continue to build projects that reinforce the walk-to-work lifestyle, making Wagle Estate an example of a well-planned neighborhood where homes, offices, and essential amenities coexist efficiently.Read more

Sushant Surve, the third accused in the Thane Municipal Corporation bribery case, surrendered to the Maharashtra Anti-Corruption Bureau (ACB), joining Deputy Municipal Commissioner Shankar Patole and private individual Omkar Gaikar in custody. The case revolves around allegations that Patole demanded a bribe of INR 50 lakh from real estate developer Abhijit Kadam to remove an encroachment. Kadam had already paid INR 10 lakh through Surve, and while attempting to hand over another INR 25 lakh to Gaikar, the ACB intervened. All three face charges under the Prevention of Corruption Act.Read more

Dosti Realty's 105-acre township, Dosti West County in Balkum, Thane, is built around the concept of "The Big Life" offering families a blend of connectivity, community, and lifestyle amenities. Already home to 1,600 families with space for 3,000 more, the project offers two- and three-bedroom apartments, plus Jodi homes for larger households. Connectivity will be boosted by the upcoming Balkum Metro, Thane-Borivali Tunnel, and Balkum-Gaimukh Coastal Road. Residents enjoy a 6.5-acre podium, a 44,796 sq. ft. clubhouse by Ileseum Clubs, and training at academies led by Saina Nehwal, Saurav Ghosal, and Suresh Wadkar. Future plans include senior living and commercial hubs.Read more

BNP Paribas India Solutions has leased 1.45 lakh sq ft of office space at Hiranandani Centaurus, Thane West, for INR 94.95 lakh per month. The five-year lease, starting July 2025, covers two floors of the Grade-A commercial tower and includes 145 parking slots. With delivery centres already in Bengaluru, Chennai, and Mumbai, the expansion reflects the firm's continued growth in India. Earlier this year, BNP Paribas signed one of Mumbai's highest-value office deals at Maker Maxity in Bandra Kurla Complex.Read more

The Thane Municipal Corporation has launched a dedicated squad to curb unauthorised constructions in Diva and Mumbra, areas that have witnessed a spurt in such activity. The decision followed a high-level review, after which officials took immediate action against 227 illegal structures and registered 24 criminal cases. With the monsoon intensifying structural risks, the civic body also ordered evacuations of unsafe buildings while tasking the squad with continuous vigilance and enforcement.Read more

The Thane Municipal Corporation (TMC) has introduced new rules for transporting construction materials in Yeoor Hills, an environmentally sensitive zone. Under these regulations, a construction permit from TMC's Urban Development Department is now mandatory, and authorized builders must register project details and vehicle information with the forest department. This move aims to curb unauthorized constructions and protect the ecological balance of the hills. The TMC is also taking action against illegal turf and commercial constructions, and has issued notices for noise and firecracker violations, reflecting a broader effort to preserve the sensitive environment of Yeoor Hills.Read more

Thane's residential property market has recorded a steep 46% surge in average prices over the past three years, with rates reaching INR 19,800 per sq. ft. by the end of Q2 2025. The transformation, driven by infrastructure development and affordability, has seen a 103% spike in new housing supply and 78% rise in absorption since FY 2020. ANAROCK's latest report notes that compact homes, particularly 1BHK and 2BHK units, dominate the market. Approximately 44% of housing falls within the INR 80 lakh to INR 1.6 Cr range, attracting buyers priced out of core Mumbai.Read more

Phase 1 of the Kasarvadavli Flyover in Thane, Maharashtra, has opened to traffic. The two-lane flyover, constructed by MMRDA, aims to ease traffic congestion on Ghodbunder Road, particularly for office and freight movement. Designed to integrate with Metro Line 4, this initial phase is expected to reduce travel time from Waghbil to Gaimukh and improve connectivity among Thane, Mumbai, and neighboring areas. The next phase is underway, aligning with Metro construction for smoother intermodal transit.Read more

The Thane Municipal Commissioner has ordered a detailed survey of structures in the eco-sensitive Yeoor area to address unauthorized residential and commercial activities impacting local wildlife. Prompted by complaints from activists and residents, the survey targets illegal use of residential properties for events like weddings and parties-activities banned in such zones. Post-survey, notices will be issued, followed by joint enforcement by municipal, forest, and police authorities. The action aligns with Bombay High Court directives and a March 2025 state circular. The initiative underscores the importance of protecting eco-sensitive zones from commercial misuse and ensuring adherence to urban planning and environmental regulations.Read more