Tag: Thane

InfrastructureLatest Stories

Kalyan-Dombivli fines Titwala for waste management failure

Kalyan: The Kalyan-Dombivli Municipal Corporation (KDMC) has levied a penalty of ₹1 lakh against Regency Sarvam township in Titwala for allegedly failing to manage its solid waste, officials reported on Tuesday, according to Pradeep Gupta. The civic body’s Solid Waste Management Department took this action following numerous complaints about the township’s malfunctioning garbage collection and waste processing facilities, which led to improper waste disposal. Following directives from KDMC Commissioner Abhinav Goel and Additional Commissioner Harshal Gaikwad, Deputy Commissioner (Solid Waste Management) Ramdas Kokare ordered an inspection. A sanitation officer and his team discovered that the township’s internal waste processing facility…

Latest StoriesResidential

Mumbai housing sales up 1% to 47,355 units in H1 2026

NEW DELHI: Mumbai experienced housing sales of 47,355 units in the first half of 2026, marking a slight increase of one percent year-on-year, as reported by Knight Frank India. New launches saw an eight percent year-on-year rise, totaling 49,161 units during this timeframe, in line with moderated activity observed in 2025. The report indicates that the increase in supply was primarily driven by end-user demand. Unsold inventory fell by four percent year-on-year, bringing it down to 157,410 units in H1 2026. The time required to sell this inventory was 6.5 quarters, with an average age of unsold units at 19…

CommercialLatest Stories

Mumbai Office Leasing Jumps 33% to 7.3M Sq Ft in H1 2026

NEW DELHI: In the first half of 2026, Mumbai’s gross office leasing reached 7.3 million sq ft, marking a 33% year-on-year increase, as reported by Knight Frank India. This notable growth is attributed to significant institutional transactions and strong demand from global capability centers (GCCs), BFSI firms, and third-party IT/ITeS occupiers. Office completions, however, saw a 30% decline year-on-year, totaling 1.6 million sq ft during this period. Mumbai’s overall office stock increased by 3% year-on-year, reaching 173.8 million sq ft. Vacancy rates dropped by 205 basis points year-on-year to 15.6% in H1 2026 due to heightened leasing activity and reduced…

IndustryLatest Stories

Maharashtra Deputy CM: 3-Year Deadline for Housing Projects

File Photo THANE: Maharashtra’s Deputy Chief Minister and Housing Minister Eknath Shinde announced on Sunday that developers are expected to complete housing and redevelopment projects within three years. He emphasized that builders who meet deadlines and maintain quality will receive priority for future government contracts. Shinde made these remarks while distributing keys to beneficiaries of a redevelopment project in Majiwada, Thane. He expressed a firm stance on addressing delays in redevelopment projects. The state government aims to eliminate administrative bottlenecks to expedite the completion of long-overdue housing projects and promote cluster redevelopment across Maharashtra. “Homeownership is a matter of dignity…

Latest StoriesResidential

127 Families in Thane Still Await Flats, Says MHADA

MUMBAI: The plight of 127 families from Vartak Nagar, Thane, awaiting housing after redevelopment, received a ray of hope as MHADA has officially recognized that they have yet to be rehabilitated. This recognition came in MHADA’s conditional consent to the Thane Municipal Corporation (TMC) regarding the issuance of final occupation certificates for Buildings 54, 55, and 56. MHADA indicated that any occupation certificate issued by TMC would depend on the outcome of a petition filed by the distressed residents in the Bombay High Court. In April 2025, the High Court noted that permanent alternate accommodation had not yet been provided…

Latest StoriesRegulatory

ITAT Cancels ₹14 Lakh ‘On-Money’ Charge for Thane Buyer

MUMBAI: The Income Tax Appellate Tribunal (ITAT) has overturned a Rs 14.25 lakh addition made against a Thane resident concerning an alleged cash payment for a flat purchase. The tribunal concluded that the I-T department was unable to produce evidence directly linking the buyer to any “on-money” transactions. The Mumbai bench of the ITAT ruled in favor of the taxpayer, who had bought a flat in Cosmos Mary Park, Thane, jointly with his wife for Rs 72 lakh in April 2012. Following a search of Cosmos Group, the real-estate developer, I-T investigators claimed to have located records suggesting cash payments…

IndustryLatest Stories

MHADA Assesses Housing Project Progress in Kalyan Taluka

NEW DELHI: Sanjeev Jaiswal, vice-president and CEO of the Maharashtra Housing and Area Development Authority (MHADA), conducted an inspection of housing projects being developed by the Konkan Housing and Area Development Board in the Kalyan taluka of Thane district. During his visit to project sites in Khoni, Shirdhon, Gotheghar, and Bhandarli, Jaiswal reviewed the progress of ongoing construction. He emphasized the need for quality, transparency, and timely completion of projects. He further assessed various aspects such as construction quality, internal road access, water supply, electricity provisions, sewage management, and the green spaces and civic amenities planned for residents. The Khoni…

Latest StoriesRegulatory

Bombay HC Upholds Valor Estate Subsidiary’s 205-Acre Title

NEW DELHI: On April 30, the Bombay High Court dismissed an appeal from the Union of India through its Salt Department, rejecting the government’s claim of ownership over around 205 acres of land in Bhayandar village, within the Mira Bhayandar Municipal Corporation area of Thane district. The land is currently owned by Miraland Developers, a subsidiary of Valor Estate (formerly DB Realty). This dispute stems from an 1870 indenture, wherein the Secretary of State for India in Council granted a 999-year lease of about 3,688 acres encompassing Bhayandar, Ghodbunder, and Mira to a private entity. The lawsuit involves approximately 220-227…

Latest StoriesResidential

Thane: 11 Cheated in Fake Housing Scheme; Credentials Misused

THANE: In Maharashtra’s Thane district, fraudsters reportedly deceived 11 residents by enticing them with low-cost housing options under a government scheme. They allegedly forged credentials to open bank accounts for larger financial transactions, according to police reports released on Monday. A 54-year-old woman from Ulhasnagar, who filed the complaint, claimed that the suspects built her trust by offering a house at a discounted price under the Maharashtra Housing and Area Development Authority (MHADA) scheme. The perpetrators attracted victims by presenting MHADA flats at economical rates and collected funds over the past two years. They misappropriated personal information to acquire SIM…

Latest StoriesRegulatory

Thane Offers 90% Penalty Relief for Property Tax Defaulters

THANE: The Thane Municipal Corporation (TMC) has launched a new scheme granting a 90% penalty relief for property tax defaulters to help settle outstanding tax amounts. According to Thane mayor Sharmila Pimplolkar, the decision followed consultations with Deputy Chief Minister Eknath Shinde and Municipal Commissioner Saurabh Rao, aimed at reducing the financial burden on defaulters. “Under this initiative, residential property owners who clear their pending taxes will only need to pay 10% of the penalty, while the remaining 90% will be waived,” an official stated. Currently, TMC faces Rs 308 crore in tax arrears, with Rs 191 crore expected from…