Tag: Thane

IndustryLatest Stories

Raymond Realty Reports ₹26.93 Crore Profit in Q1 FY26

NEW DELHI: Raymond Realty (RRL), the real estate division of the Raymond Group, reported a standalone profit after tax of ₹26.93 crore for the quarter ending June 30, 2025. The standalone total income for Q1 FY26 stood at ₹334.34 crore. The company recorded a booking value of ₹306 crore, with collections reaching ₹374 crore in Q1 FY26. RRL’s total gross development value (GDV) is ₹40,000 crore, and it remains a net-debt free firm with a net cash surplus of ₹233 crore. The company became a separate entity on the Indian stock exchanges as of July 1, 2025, following its strategic…

InfrastructureLatest Stories

Thane imposes strict limits on construction transport in Yeoor Hills

Representative image created by AI THANE: The Thane Municipal Corporation has implemented a ban on the transport of construction materials in the environmentally sensitive area of Yeoor Hills, officials reported on Sunday. The decision came during a review meeting led by Municipal Commissioner Saurabh Rao on Friday. “Yeoor is an environmentally sensitive area. No construction material may enter Yeoor without a valid construction permit issued by the Thane Municipal Corporation’s Urban Development Department,” an official release stated. Those possessing authorized construction permits must register their details with the forest department’s entrance post. This includes a copy of the permit, the…

Latest StoriesRegulatory

Bombay HC urges Thane civic body to act on illegal structures

MUMBAI: The Bombay High Court has instructed the Thane municipal commissioner to engage with senior officials from electricity supply companies to identify power connections provided to illegal constructions. The court also called for an investigation into civic officers who enable water supply to these unauthorized edifices. Justices Girish Kulkarni and Arif Doctor remarked that providing electricity to illegal buildings represents a “national loss” while noting that granting water to such constructions significantly exacerbates the public’s struggles during water scarcity. The Thane Municipal Corporation (TMC) reported compliance with earlier court orders, resulting in the demolition of 21 illegal structures using “sophisticated…

IndustryLatest Stories

Thane Civic Chief: No Power to Unauthorized Properties

Representative Image THANE: On Wednesday, Thane Municipal Commissioner Saurabh Rao directed power companies to refrain from supplying electricity to any unauthorized structures, emphasizing the need for verification of legal statuses. During a high-level meeting at the Thane Municipal Corporation (TMC) headquarters, Rao stressed that providing power to unauthorized buildings contravenes court orders and should be strictly prohibited through diligent verification processes. “The high court has explicitly stated that electricity should not be supplied to unauthorized constructions,” he affirmed, noting that both Maharashtra State Electricity Distribution Company (MSEDCL) and Torrent Power are legally obligated to confirm a building’s legality before permitting…

InfrastructureLatest Stories

Thane Civic Body to Survey Unauthorized Structures in Yeoor

Sure! Here’s a rewritten version of the content: Representative image created by AI THANE: On Monday, Thane Municipal Commissioner Saurabh Rao mandated a thorough survey of all unauthorized residential and commercial constructions in the environmentally sensitive Yeoor area adjacent to Sanjay Gandhi National Park, set to be completed within a month. This decision addresses escalating concerns from locals and activists regarding the surge in illegal commercial activities—such as weddings, parties, and dining events—resulting in excessive noise and disturbances late into the night, all of which are prohibited in this eco-sensitive zone. Reports have indicated a decrease in animal sightings as…