MHADA has slashed prices for 6,248 affordable homes in its Shirgaon and Khoni housing projects in Thane. The Shirgaon units now cost INR 19.28 lakh (down INR 1.43 lakh), while Khoni units are priced at INR 19.11 lakh (down INR 1.01 lakh). Available under a First-Come, First-Served model, the revised prices aim to boost homeownership. Separately, MBRRB is concluding its biometric survey of residents in Mumbai's transit camps. The survey, crucial for official registration, began in February. Non-participating residents risk being labeled unauthorized, risking eviction under MHADA Act Section 95(A)(3). The board urges full cooperation to avoid disqualification from future housing benefits.Read more

Following sustained protests and civic pressure, MMRDA has approved a realignment of the Borivli twin tunnel entry and exit points in Thane's Mulla Baug area. The new alignment will now route the tunnel deeper underground and extend it by 200 metres to reduce environmental and residential impact. The revised plan, which received nods from the Chief Minister and MMRDA leadership, aims to bypass densely populated neighborhoods and emerge beyond Ghodbunder Highway, addressing long-standing concerns of congestion, noise, and pollution.Read more

The fourth edition of Biznet, a B2B event hosted by CREDAI MCHI Thane, turned out to be a resounding success, drawing over 170 developers from the Mumbai Metropolitan Region (MMR) and more than 20 vendors. Held at TopTop Plaza in Thane West, the event aimed to foster collaboration between suppliers and developers, showcase emerging technologies, and generate business worth INR 100 crore-an ambitious target that was met. Purchase managers and key industry stakeholders used the platform to forge connections, sign MoUs, and discuss innovation in real estate.Read more

Thane is undergoing a massive transformation with infrastructure projects totaling approximately INR 4 lakh crore. Key developments include the INR 8,900 crore Thane-Borivali underground tunnel, the 32.32 km Metro Line 4 connecting Wadala to Kasarvadavali, and the 24.9 km Metro Line 5 linking Thane to Kalyan via Bhiwandi. Additional initiatives encompass the widening of Ghodbunder Road, the construction of new flyovers, and the development of Namo Grand Central Park. These projects aim to enhance connectivity, reduce traffic congestion, and improve the quality of life for Thane's residents, positioning the city as a modern urban center.Read more

The first trial run of Metro Line-9, a crucial metro corridor connecting Mira-Bhayander to Mumbai's western and eastern suburbs as well as the international airport, commenced earlier this week. The initiative marks a significant milestone as Thane district witnesses the launch of its first metro service. The trial run was inaugurated by Chief Minister Shri Devendra Fadnavis, Deputy Chief Ministers Shri Eknath Shinde and Shri Ajit Pawar, along with other key officials. The 4.4 km corridor from Dahisar (East) to Kashigaon features four stations and is expected to alleviate traffic congestion and reduce pollution, while facilitating seamless connectivity to Mumbai's key transport hubs. The Metro Line-9 project is part of the larger Mumbai Metropolitan Region Development Authority (MMRDA) initiative to establish a comprehensive metro network across the region.Read more

The third Thane Creek Bridge (TCB-3), a vital 1.8-km six-lane link between Mumbai and Navi Mumbai, is now complete and awaits final approval for inauguration. Executed by the Maharashtra State Road Development Corporation at a cost of INR 850 crore, the bridge aims to ease traffic on the heavily congested Sion-Panvel highway, which sees over 1.3 lakh vehicles daily. Civil work finished in April, but the opening is pending clearance from the Prime Minister's Office and the Ministry of Road Transport. Once inaugurated, TCB-3 is expected to significantly reduce commute times and enhance regional connectivity between the two growing urban centres.Read more

Thane is expected to see a sharp increase in real estate transactions, particularly housewarmings and home purchases, as Akshaya Tritiya draws near. The festival, which is considered highly auspicious, encourages people to make property investments, with the belief that it brings prosperity and growth. CREDAI MCHI Thane has expressed optimism for the occasion, underscoring the city's expanding real estate market, bolstered by excellent connectivity and infrastructure. The body remains committed to promoting sustainable and affordable housing while maintaining ethical business practices in the industry.Read more

Cricketer KL Rahul and actor Suniel Shetty have jointly purchased a 7-acre land parcel in Owale, Thane West, for INR 9.85 crore, marking a strategic investment along the rapidly developing Ghodbunder Road corridor. The deal, registered on March 20, 2025, is part of a larger 30-acre holding, hinting at potential future development. Their move aligns with growing celebrity interest in Mumbai's suburban markets, driven by infrastructure projects like Metro Line 4 and the Borivali - Thane Twin Tunnel. The duo latest acquisition adds to their growing real estate portfolio, including a INR 20-crore Bandra apartment and an INR 8-crore buy in Khar.Read more

Over the past couple of years, Thane's real estate sector has demonstrated consistent growth, establishing itself as a prime market within the Mumbai Metropolitan Region (MMR). Residential demand surged, with a 6.8% quarter-on-quarter increase in Q1 2023, and property rates rose significantly across key locations. Infrastructure developments such as the Thane-Borivali Twin Tunnel and Metro Line 4 have enhanced connectivity, boosting investor confidence. Major developers launched successful projects, while commercial and retail segments also gained traction. Rising construction costs and interest rate hikes posed challenges, yet Thane's affordability relative to Mumbai maintained its appeal.Read more

As Maharashtra celebrates Gudi Padwa, CREDAI MCHI Thane has extended warm greetings to its members, real estate stakeholders, and the citizens of Thane. This festival coincides with a significant transition within the organisation, as the new Managing Committee assumes charge from the beginning of April 2025. Gudi Padwa, symbolising new beginnings and prosperity, aligns with the association's commitment to sustainable, affordable, and high-quality housing. The real estate sector in Thane has experienced notable growth due to its strategic location, connectivity, and infrastructure. The new leadership has pledged to uphold transparency, accountability, and ethical business practices, ensuring the welfare of its members and customers.Read more

The Thane Municipal Corporation (TMC) has unveiled a INR 5,645 crore budget for 2025-26, prioritizing road repairs, public transport, and urban infrastructure. Key projects include the Balkum-Gaimukh Coastal Road (INR 3,364.62 crore) and the Thane-Borivali Tunnel (INR 16,600.40 crore), aimed at easing congestion and cutting travel time. The launch of 160 electric buses (INR 57 crore) and construction of nine metro foot overbridges further improve mobility. Other major initiatives include flyovers on Ghodbunder Road, Eastern Freeway extension (INR 2,900 crore), and an elevated road on the Eastern Express Highway (INR 1,275 crore). These developments will significantly enhance connectivity, reduce congestion, and boost Thane's infrastructure.Read more

The Maharashtra government has decided to rehabilitate approximately 18,000 slum households from the Sanjay Gandhi National Park (SGNP) to Thane district, as per directives from the chief minister. At a recent meeting, the city and suburban collectors conveyed their inability to provide land for rehabilitation, prompting the decision to relocate residents closer to Mumbai, excluding Palghar. Previous rehabilitation plans, including 90 acres in Aarey Colony, faced legal hurdles, with a high court stay impeding progress. The state government, under scrutiny from the Bombay High Court for inaction, has also proposed a protective wall around SGNP at a cost of approximately INR 196 crore.Read more

Vriti Gothi

Thane is undergoing a major transformation through large-scale slum rehabilitation and redevelopment led by the Mumbai Metropolitan Region Slum Rehabilitation Authority (MMR SRA). Supported by frameworks like the Unified Development Control and Promotion Regulations (UDCPR) and the Maharashtra Town Planning Act, these projects aim to improve living standards while optimizing land use. Key developments, such as Shree Saianand CHS and Ajinkya Maharashtra CHS, integrate rehabilitation with urban planning. The MMR SRA is ensuring transparency by inviting public feedback, promoting inclusive decision-making. These efforts are shaping Thane into a more sustainable and habitable city while addressing housing challenges.Read more

Thane Municipal Corporation (TMC) and Thane Tree Authority, in association with Oberoi Realty, have undertaken the Thane City Beautification Drive under Vrukshavalli 2025. The CSR activity is aimed at improving the green cover of Thane and fitting into its Smart City vision. Chief among these is the landscaping of a 16-kilometre route via native tree plantations, green landscaping, and green maintenance initiatives. The project attempts to strike a balance between city growth and an awareness of nature, supporting biodiversity and a green urban landscape. Oberoi Realty incorporates its approach of sustainable urbanisation into the project and manifests its commitment with projects such as Forestville and Oberoi Garden City Thane.Read more