The 22nd Property Expo, organised by CREDAI MCHI Thane, concluded recently after a four-day showcase that drew a remarkable response from homebuyers and industry stakeholders. The event featured over 100 projects from 40 renowned developers and 10 financial institutions, attracting more than 20,000 families. Attendees explored a diverse range of properties, and organisers expect many serious buyers to proceed with purchases in the coming months. The expo also hosted insightful seminars and panel discussions on emerging real estate trends and sustainable development. The digital version of the expo will remain active for the next year, ensuring accessibility for those who missed the physical event.Read more

Thane is witnessing rapid development with the successful implementation of the cluster scheme by the state government. Deputy Chief Minister Eknath Shinde urged the Maharashtra Chamber of Housing Industry (MCHI) to take the lead in transforming Thane into the top city in the country. The government is providing various incentives to developers, and Mr. Shinde encouraged them to contribute towards fulfilling the dream of affordable housing for the common man. The 22nd CREDAI-MCHI property exhibition was inaugurated in Thane, bringing together key officials and industry leaders to discuss the city's infrastructural progress, including major projects like Metro lines and tunnel constructions. Plans for water security and sustainable urban growth were also highlighted.Read more

Infra.Market has secured a 20-year lease for a new 70,000 sq ft office in Thane's Wagle Estate, leasing an eight-floor commercial building from Ekatva Group. The lease will be registered in two phases, with the first three floors in January 2025 and the rest in March 2025. The deal is expected to generate over INR 200 crore in rental income. This expansion aligns with Infra.Market's growth strategy and reflects Thane's rising commercial real estate demand. The move enhances operational efficiency as the company strengthens its market presence amid the construction sector's post-pandemic recovery.Read more

The 22nd Thane Property Expo 2025, hosted by CREDAI MCHI Thane, is set to take place from 7 to 10 February 2025 at Highland Gardens on Kolshet Road, Thane (W). It is a premier event showcasing over 100 real estate projects from renowned developers alongside financial institutions offering attractive loan options. The exhibition aims to provide prospective homebuyers with a seamless property-buying experience, featuring exclusive discounts, expert guidance, and a range of residential and commercial properties. With networking opportunities and financing solutions available in one place, the event is a must-visit for those looking to invest in real estate in Thane and its surrounding areas.Read more

The Bombay High Court has granted Sheth Developers permission to complete Building No. 8 in the Vasant Lawns project, Thane, after quashing a previous injunction by the district court. The injunction had halted construction due to disputes over revised plans and allegations of non-compliance with the Maharashtra Ownership Flats Act (MOFA). The High Court found the societies' demands to revert to the 2005 plan impractical and highlighted that further delays would harm the developer and flat purchasers. The developer must finish construction within six months and apply for the Occupancy Certificate thereafter.Read more

Thane's road connectivity is set to improve with the nearing completion of the Vadpe-Majiwada expansion project on the Old Mumbai-Nashik Highway. Spanning 23.8 km, the project upgrades the highway to an eight-lane corridor with service roads and ten vehicular underpasses at key bottlenecks. The MSRDC also highlights complementary developments like the final 76-km stretch of the Samruddhi Mahamarg, linking Igatpuri to Thane and connecting to the Mumbai-Vadodara Expressway. With modern infrastructure, including bridges, flyovers, and innovative construction techniques, these projects aim to reduce congestion, enhance travel convenience, and drive regional economic growth, marking a transformative phase for Thane's road network.Read more

The long-awaited overbridge at Thane railway station, part of the Station Area Traffic Improvement Scheme (SATIS), remains incomplete, inconveniencing commuters and delaying integration with Metro 5 and 9 lines. Designed to ease congestion and streamline connectivity between east and west Thane, the project includes a mezzanine level for parking and commercial spaces. Delays stem from pending railway clearances and construction challenges, particularly near live tracks and the new Platform 10A. Despite setbacks, civic officials are optimistic about completion, emphasizing the project's potential to enhance multi-modal transit and reduce travel time, making Thane a key transport hub in the Mumbai Metropolitan Region.Read more

The Rail Land Development Authority (RLDA), in collaboration with the Thane Municipal Corporation (TMC), is advancing plans for a multi-modal transit hub at Thane railway station's eastern side. As part of the Station Area Traffic Improvement Scheme (SATIS)-E, an 11-storey commercial building will be developed, integrating facilities like parking, bus movement, and leasable airspace for commercial use. This initiative aims to address traffic congestion while enhancing connectivity with the Eastern Expressway through a circular elevated road. The project continues the success of the first SATIS initiative in Thane West, completed in 2010, which improved local traffic flow.Read more

The Thane Municipal Corporation (TMC) has issued show cause letters to 39 builders for failing to follow air pollution control regulations. If the builders fail to respond satisfactorily, their construction efforts may be halted. Earlier this week, TMC reviewed its air pollution control measures, which included fines for infractions, the installation of air quality monitoring systems, and tight debris management restrictions. The TMC has also issued fines on various vehicles and companies that violated pollution standards, proving its commitment to reducing air pollution in the city.Read more

The Bombay High Court has issued notices to the Maharashtra Pollution Control Board (MPCB), Mumbai Metropolitan Region Development Authority (MMRDA), and Thane Municipal Corporation (TMC) following a public interest litigation (PIL) filed by Thane residents. The PIL challenges the construction of a ready-mix cement (RMC) plant located within the eco-sensitive zone (ESZ) of Sanjay Gandhi National Park (SGNP). The petitioners argue that the plant could cause significant air and noise pollution, negatively impacting both local residents and wildlife. The authorities have been asked to file their responses within three weeks, with a further hearing scheduled for mid-January.Read more

PNT Reporter

The Forest Advisory Committee (FAC), a statutory body under the Ministry of Environment, Forest and Climate Change (MoEFCC), has recently rejected a proposal for residential development on private forest land in Walshet, Thane, Maharashtra. The FAC's decision aligns with the consolidated guidelines of the Van (Sanrakshan Evam Samvardhan) Adhiniyam, 1980, which prohibit the use of forest land for non-site-specific activities, such as residential colonies. The FAC clarified that although exceptions have been made in areas like Uttarakhand and Goa, Maharashtra's proposal was rejected due to strict regulations. The FAC suggested that any future proposals must provide detailed justifications.Read more

Vidhi Sangoi

The Thane Metro, a 29-kilometre circular corridor with 22 stations, aims to transform urban mobility in one of Maharashtra's fastest-growing cities. Approved in August 2024 and costing INR 12,200 crore, the project addresses traffic congestion and pollution by offering a modern, sustainable transit solution. Managed by Maha Metro, construction began in October 2024, with completion slated for 2029. Integrated with Mumbai Metro Lines 4 and 5, the Thane Metro will serve 647,000 daily commuters, boosting connectivity, easing road congestion, and spurring economic growth. This transformative project promises a cleaner, more efficient, and connected future for Thane's residents.Read more

PNT Reporter

The Mumbai-bound section of the Thane Creek Bridge, which serves as a vital link between Mumbai and Navi Mumbai, is nearing completion and is expected to open by the end of February. This follows the earlier opening of the Navi Mumbai-bound section in October. The new bridge, constructed by the Maharashtra State Road Development Corporation (MSRDC), aims to ease the growing traffic congestion across the Vashi Bridge corridor, which sees approximately 64,300 vehicles daily. Upon completion, the bridge will increase the total capacity to 12 lanes, significantly improving traffic flow in the Mumbai Metropolitan Region.Read more

The Thane Municipal Corporation (TMC) has released a draft of its revised development plan, inviting residents to review and provide feedback within 60 days. This plan aims to enhance the city's urban landscape by introducing multiple open spaces and recreational areas. The initial development plan, approved in 1999, is now undergoing its first revision. The new plan, available on the TMC website and at municipal headquarters, addresses the city's current shortage of open space. Thane has 62 parks, 63 playgrounds, and other recreational facilities, reflecting efforts to improve residents' quality of life. Community involvement is key in shaping the city's future development and recreational spaces.Read more

Thane is set for a transformative decade with 34 infrastructure projects worth INR 3,96,636.75 crore, including metro lines, bullet trains, expressways, and tunnels, significantly enhancing the city's development. Chief Minister Eknath Shinde, who has long advocated for Thane's infrastructure improvements, has been instrumental in fast-tracking these projects. The developments aim to reduce traffic congestion and improve connectivity, positioning Thane as a key suburb in the Mumbai Metropolitan Region (MMR). The real estate sector is already seeing a boost as homebuyers are drawn to emerging areas, while the projects are expected to drive economic growth, job creation, and make Thane an attractive hub for businesses and residents alike.Read more

Motorists travelling to and from Navi Mumbai received significant relief with the opening of the northbound Thane Creek Bridge. Inaugurated by Chief Minister Eknath Shinde, this bridge is part of a broader project that includes the construction of seven additional bridges along the Coastal Highway, aiming to connect Mumbai with the Maharashtra-Goa state border. Once complete, these bridges are expected to enhance traffic flow, reduce congestion, and improve travel times for the region's residents and tourists.Read more

The road-widening project between Thane and Vadpe on the Mumbai-Nashik highway is still unfinished, with cracks and potholes appearing on the newly built cement road. The Maharashtra State Road Development Corporation (MSRDC) has identified 500 defective panels and is working with the National Highways Authority to determine which need repairs or complete reconstruction. Traffic has surged due to Bhiwandi's growth as a warehousing hub, prompting plans to expand the highway from four to eight lanes, with completion now anticipated by February 2025.Read more

The Rail Land Development Authority (RLDA) has invited bids for the construction of a Commercial Tower at Thane Railway Station as part of the Station Area Traffic Improvement Scheme (SATIS - East). The project, under the Smart City Mission, aims to develop a Multi-Modal Transit Hub to improve mobility and reduce congestion. The eight-story tower will include food courts, green office spaces, parking, and public transport facilities. Located in Thane's commercial core, the project seeks to enhance urban growth. The fully equipped tower will integrate civil works, modern infrastructure, and green spaces, connected to the metro and local transport systems.Read more

Belicia, a luxury residential project in Thane, developed by Prescon Group and House of Hiranandani, generated over 200 crores in Q1 FY 2024-25, selling more than 80 units. The 48-storey tower, offering 2, 3, and 4 BHK apartments, redefines upscale living with modern amenities and prime location advantages. Set for possession in June 2028, Belicia enjoys proximity to key transport, educational, and healthcare facilities. A report by Prop Equity highlights Thane's robust real estate market, supported by infrastructure projects like the Thane Integral Ring Metro Rail, boosting growth and investment potential.Read more