Tag: Thane

IndustryLatest Stories

Deputy CM Calls for Action on 65 Illegal Kalyan-Dombivali Builds

THANE: Maharashtra’s Deputy Chief Minister, Eknath Shinde, has initiated a rigorous investigation and legal measures against those responsible for constructing 65 unauthorized buildings in the Kalyan-Dombivli area of Thane district, officials announced on Friday. These buildings have been declared unauthorized by the High Court, leaving residents facing eviction after being misled by builders who sold them properties without legal sanction. “Deputy Chief Minister Eknath Shinde has instructed an investigation into the developers who deceived residents of these 65 unauthorized buildings in Kalyan-Dombivli. He has directed the municipal commissioner to lodge a complaint with the Economic Crime Investigation Branch,” the statement…

CommercialLatest Stories

BNP Paribas India Leases 1.45 Lakh Sq Ft in Thane

Representative Image BNP Paribas India Solutions, the technology and operations division of the global banking group, has secured a long-term lease for a commercial office spanning 145,000 sq ft in Thane. This represents one of the largest office deals in the outskirts of India’s commercial hub. The leased office occupies the 11th and 12th floors of the Centaurus commercial tower, developed by Roma Builders, a subsidiary of the House of Hiranandani. The monthly rent for this space will be Rs 94.95 lakh, with a 4.75% annual rental escalation and a security deposit of Rs 8.50 crore. The lease starts on…

Latest StoriesRegulatory

Builder Arrested in Thane for Selling Flats with Fake Permits

THANE: Authorities have detained the director of a real estate firm for allegedly scamming buyers out of several crores by selling apartments built with fake permits in Maharashtra’s Thane district, officials reported on Monday. Umrao Singh Prithviraj Ostwal, the director of Ostwal Builders Pvt Ltd, is charged with creating counterfeit construction permits and plans, which he presented as authentic documents, according to a release from the Mira Bhayander-Vasai Virar police. Using these falsified approvals, he is said to have constructed extra units beyond the authorized limits in the Ostwal Paradise Building No. 6 in the Mira Bhayander area, selling them…

Latest StoriesRegulatory

Bombay HC Warns of Chaos from Unchecked Illegal Constructions

MUMBAI: The Bombay High Court recently warned that without decisive measures to address illegal constructions, rapidly growing towns could face “a colossal failure” in meeting lawful town planning goals, leading to chaos and disaster for future generations. Justices Girish Kulkarni and Manjusha Deshpande emphasized that civic bodies should promote only the lawful and legitimate expansion of cities, instead of allowing “demons of large-scale unauthorized constructions”. The court, in an order dated August 21, stated, “Resources such as water and electricity, along with public amenities like parks and playgrounds, are intended for those living in authorized buildings.” It asserted that illegal…

InfrastructureLatest Stories

Thane Launches Squad to Tackle Unauthorized Constructions

THANE: The Thane Municipal Corporation (TMC) has established a special squad to oversee and take action against illegal constructions in Diva and Mumbra, officials announced on Sunday. The move follows multiple complaints regarding unauthorized constructions in these areas. TMC Commissioner Saurabh Rao directed the formation of this team to actively combat these violations, as stated in an official release. This decision was made after a high-level review meeting on Saturday, where the commissioner stressed the urgent necessity to tackle these issues, particularly in regions where construction activities are flourishing. In compliance with high court mandates, actions are being implemented across…

Latest StoriesRera

MahaRERA Freezes Accounts, Suspends 4,812 Lapsed Projects

PUNE: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has suspended registrations for 4,812 housing projects statewide since July, freezing their bank accounts because developers failed to update construction progress or request extensions despite multiple reminders. The majority of suspended projects are in major urban areas, with Pune leading at 1,219 suspensions, followed by Thane (535), Raigad (465), Mumbai suburban (438), and Palghar (377). These projects will now be barred from property transactions, and developers could face penalties up to ₹50,000 for non-compliance. This action follows a crackdown initiated in December when MahaRERA identified 10,773 projects lacking updated timelines. “Many developers…

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…