K Raheja Corp Buys 7.43 Acre Pune Land For 195 Crore Development
Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra
Bollywood superstar Aamir Khan has leased four premium apartments in Mumbai’s upscale Bandra neighbourhood. This temporary relocation comes as his long-time residence in the Virgo Housing Society, Pali Hill, undergoes redevelopment. According to reports, the five-year lease, starting from May 2025 through May 2030, commands a monthly rent of ₹24.5 lakh.
The leased apartments are located near the temporary residence of actor Shah Rukh Khan, reaffirming Bandra’s position as the epicentre of Mumbai’s celebrity housing market. Sources in the real estate industry indicate that Khan chose to remain in Bandra to retain proximity to Mumbai’s film hubs and maintain continuity in his work and personal routine. Aamir Khan’s Pali Hill duplex, with an estimated value of ₹60 crore, has served as both his residence and work space for several years. The sea-facing 5,000 sq ft property is now under redevelopment, prompting the decision to lease nearby accommodations instead of relocating elsewhere in the city.
Beyond this, Khan owns multiple apartments in the Bella Vista and Marina Apartments buildings in the same locality. As per realty records, he purchased a new flat in Bella Vista in June 2024 for ₹9.75 crore, paying ₹58.5 lakh in stamp duty and ₹30,000 in registration fees. Between Bella Vista and Marina, Khan owns 10 of the 24 total apartments. These buildings, too, are undergoing redevelopment, signalling a wider transformation of Bandra’s residential landscape. Khan’s property holdings extend well beyond Mumbai. In 2013, he acquired a sprawling two-acre farmhouse in Panchgani, Maharashtra, for approximately ₹7 crore. The estate includes a main house and expansive green land, offering him a rural retreat from city life.
He has also invested in commercial real estate. In 2019, along with his former wife Kiran Rao, Khan bought four office units in Prime Plaza, Santacruz West, for ₹35 crore. Additionally, he owns a luxury mansion in Beverly Hills, California, reportedly valued at ₹75 crore, reflecting his global lifestyle footprint. Back in India, Khan holds ancestral property in Shahabad, Uttar Pradesh, where he co-owns 22 homes with his siblings. These homes were acquired from extended family members in 2012 and hold personal and heritage significance.
Experts suggest Aamir Khan’s decision to lease premium apartments instead of purchasing new property is a pragmatic choice given the prolonged timelines often associated with redevelopment. It allows for continuity in daily life without disrupting his work commitments or relocating out of his preferred locality. As real estate in Bandra continues to evolve, the actor’s strategic property moves highlight how even Bollywood’s elite are navigating the dynamic realities of Mumbai’s housing landscape—balancing legacy ownership with modern flexibility.
Bollywood Actor Aamir Khan Leases Four Premium Apartments In Bandra
Supreme Court Supports CREDAI-MCHI To Restart 493 Stalled Projects In Maharashtra
Supreme Court has upheld the authority of state-level environmental assessment bodies, effectively clearing the path for 493 stalled real estate projects in the Mumbai Metropolitan Region (MMR) and Pune. The decision is being hailed as a major relief for over 70,000 affected homebuyers and developers alike.
The ruling came as the apex court disposed of a long-pending writ petition challenging the competence of the State Environment Impact Assessment Authority (SEIAA) and the State Expert Appraisal Committee (SEAC) in granting environmental clearances. The court’s decision restores clarity and jurisdiction, ensuring that SEIAA and SEAC will remain the nodal authorities for all project-level environmental assessments in Maharashtra. Real estate developers under the Confederation of Real Estate Developers’ Associations of India – Maharashtra Chamber of Housing Industry (CREDAI-MCHI) have welcomed the verdict. According to industry experts, the order brings an end to the regulatory uncertainty that had been plaguing the approval pipeline, delaying critical projects—many of them in the affordable and mid-income housing segments.
The petition, originally filed by an environmental NGO, had questioned whether state-level bodies should retain the power to grant clearances or whether a more centralised approach should be adopted. The ambiguity led to administrative delays, with projects stuck in limbo over interpretation and jurisdiction issues. According to CREDAI-MCHI officials, the uncertainty had not only affected construction timelines but also dampened investor confidence and threatened to derail the housing pipeline in urban and peri-urban areas. The court’s latest judgement reaffirms that SEIAA and SEAC, both constituted under the Environment (Protection) Act, 1986, are duly empowered to carry out environmental assessments, streamlining project evaluations and approvals.
In addition to backing the role of state agencies, the court struck down parts of the 2014 and 2016 notifications, including Clause 14(a) and Appendix 16, which proposed the formation of separate Environmental Cells under local planning authorities. Such provisions, if implemented, would have introduced overlapping jurisdictions and further complicated the clearance process. Further, the court also dismissed the provision for differential regulatory treatment between industrial sheds and educational buildings, stating that environmental regulation must be uniformly applied across all categories of infrastructure to ensure consistency and fairness.
Industry observers believe this decision is not merely administrative—it is socio-economically significant. For thousands of homebuyers waiting for possession of their apartments, many under state housing schemes, the ruling may be the long-awaited green signal. Developers can now proceed with construction work that had been halted despite having completed several pre-construction formalities. This ruling also aligns with broader goals of sustainable urban development, as it enables timely delivery of housing while ensuring that environmental due diligence continues under competent state oversight. The judgement comes at a time when urban centres like Mumbai and Pune are grappling with rising housing demand, land scarcity, and the need for eco-sensitive infrastructure.
With the Supreme Court providing definitive clarity, developers and homebuyers can now look forward to renewed momentum in Maharashtra’s housing sector—one that balances environmental stewardship with economic and social development.
Supreme Court Supports CREDAI-MCHI To Restart 493 Stalled Projects In Maharashtra
Delhi Government To Renovate And Allot 50000 EWS Flats Soon
Delhi government has announced the renovation and allotment of 50,000 Economically Weaker Section (EWS) flats across the capital. The flats, many of which have stood unoccupied and in disrepair for years, are set to be refurbished and allotted to eligible slum dwellers in a phased manner.
The initiative aims to rectify years of infrastructural neglect and policy inaction. As per officials from the Delhi Urban Shelter Improvement Board (DUSIB) and the Urban Development Department, the project is being driven with a commitment to ensure no slum is demolished without prior rehabilitation. This renewed direction comes in response to the prolonged underutilisation of public housing stock, particularly in outer Delhi, where thousands of flats built in the past decade have remained locked and crumbling. A site inspection at the Sultanpuri EWS housing cluster revealed that over a thousand units, completed in 2016 at a cost of nearly Rs 64 crore, were lying vacant. Each flat measures 25 square metres and is equipped with basic amenities including a kitchen, bathroom, toilet, and balcony. Authorities confirmed that these flats are now undergoing renovation and will soon be ready for allotment.
The government has already secured Rs 732 crore from the Centre to fund this large-scale housing rehabilitation programme. Officials stated that the flats will be upgraded with essential services such as electricity, water, sewage, parks, and improved public access before residents are shifted in. The decision is being lauded by urban planners and housing rights advocates as a timely intervention, especially given Delhi’s acute shortage of affordable housing. The city currently faces a projected demand of over one million low-income homes, with growing informal settlements placing further stress on urban infrastructure.
According to experts associated with the project, station-level detailed project reports (DPRs) are being drawn up to enable modernisation of the flat clusters and their adjoining areas. These DPRs will also focus on making the sites accessible, gender-safe, and environmentally sustainable. Officials also indicated that the redevelopment includes procurement of new rolling stock where transport connectivity is required, and efforts are underway to synchronise this housing push with the broader masterplan for Delhi. By ensuring that rehabilitation precedes any eviction and that housing meets minimum liveability standards, the Delhi government’s move sets a precedent for other urban centres. It aligns with the national objective of inclusive, sustainable cities under the PM Awas Yojana and the Smart Cities Mission.
This renewed focus on restoring dignity and equity to urban housing is not only a policy correction but also a moral imperative in India’s capital. With groundwork underway, all eyes will be on the timeline and transparency of the execution in the months ahead.
Delhi Government To Renovate And Allot 50000 EWS Flats Soon
Puraniks to Launch India’s Tallest Thematic Tower for Middle Income Homebuyers
Ghodbunder Road to Host Landmark 50 Storey Project, Blending Global Design and Affordability
Mumbai 1st August: In a bold move that could redefine urban housing for middle income families, Puraniks has announced the launch of India’s tallest thematic residential tower a 50 storey skyscraper on Ghodbunder Road, Thane tailored for the ₹50 lakh to ₹1 crore homebuyer. For the first time in the country, a structure of such height will pair global architectural themes with accessible price points a format typically associated with high end luxury developments. With smartly designed 1 and 2 BHKs, along with flexible jodi options, the project is targeted at salaried professionals and first time homebuyers looking to upgrade their lifestyle without crossing into premium segments. Shailesh Puranik, Managing Director, Puranik Builders, stated: “We’re building more than the tallest tower on Ghodbunder Road. We’re setting a national benchmark where ambition, elegance, and affordability can coexist. For too long, skyscraper living was a luxury dream for the few. We’re here to change that.”
Located in the rapidly growing Kavesar-Gaimukh zone, the tower is poised to become a defining icon of Ghodbunder Road, a corridor increasingly seen as the MMR’s most inclusive housing destination. Property values in the area have more than doubled over the past decade from ₹6,400 per sq. ft. in 2014 to ₹13,800 to ₹18,000 in 2024 (CRE Matrix) while remaining far more affordable than the MMR average. In FY 2024–25, 81% of buyers in the belt declared self use, with residential sales rising over 28%. With a track record of delivering 7.5 million sq. ft. and housing over 9,000+ families in the Ghodbunder belt, With this launch, Puraniks Group is deepening its focus on bold vertical developments that cater to India’s aspiring middle class combining scale, design, and smart urban living.
“There are taller buildings in India. And there are themed buildings. But there has never been a themed skyscraper created for the ₹70 lakh buyer,” said a senior Mumbai based property consultant. “This project marks a new era a vertical democratisation of aspiration.” With key infrastructure upgrades underway including Metro Line 4, the Borivali Thane tunnel, and a proposed coastal arterial link Ghodbunder Road is emerging as MMR’s best connected, future ready residential corridor.
“The project’s thematic reveal and brand identity are slated for August, with a full scale launch scheduled for Q2 FY25 26.”
Puraniks to Launch India’s Tallest Thematic Tower for Middle Income Homebuyers
AI Thane Sells 100 Units in 100 Days
Wagle Estate Signals Demand Shift Towards Smart Commercial Spaces
THANE 1st August : In a noteworthy development for Maharashtra’s commercial real estate landscape, AI Thane, a newly launched commercial project in Wagle Estate, has crossed 100 unit sales within just 100 days of launch. The project, positioned as India’s first Artificial Intelligence-integrated commercial district, has drawn significant attention from small and mid-sized enterprises, tech startups, and first-time commercial investors.
According to figures shared by the developer, the project has registered 100 Units in total bookings, with more than 65 per cent of buyers comprising first-time commercial space acquirers — many of them based outside Thane. “Our focus was on building a workspace ecosystem for the next generation of entrepreneurs — small firms, consultants, and tech-first professionals,” said Sohan Thakur, the lead promoter of AI Thane. “To achieve 100 transactions in 100 days validates that vision.” The project offers compact office units, AI-powered building management systems, predictive maintenance, biometric access, and high-speed connectivity — features aimed at catering to an emerging market for tech-enabled business infrastructure. Sizes range from 600 to 1500 sq. ft., with modular expansion options available for larger setups.
Urban Transformation in Wagle Estate Located in the industrial precinct of Wagle Estate, which has traditionally been dominated by MSMEs and light industries, AI Thane’s success signals a shift in the area’s real estate profile. The Maharashtra Industrial Development Corporation (MIDC) recently introduced new commercial-friendly zoning and infrastructure reforms in the belt, including digitised clearances, electric grid modernisation, and improved connectivity through the upcoming Metro Line 4. “Wagle Estate is undergoing an institutional upgrade. AI Thane is the first commercial project to fully leverage this policy momentum,” said Sanjay Iyer Sales Head of AI Thane.
According to a Q1 FY26 report by JLL India, MMR’s overall commercial space absorption has slowed by 14 per cent year-on-year due to global economic uncertainties. However, decentralised micro-markets such as Thane, Navi Mumbai, and Mulund are seeing stable end-user driven demand — particularly for spaces under 1,500 sq. ft. that allow easy ownership and asset appreciation. Phase Two to Launch Ahead of Schedule With the initial phase of over 150 office units nearing sell-out, the developer has announced plans to launch Phase 2 by mid-August. This next phase will include larger enterprise suites, co-working clusters, and café-integrated work pods. Industry observers believe that the rapid sales velocity achieved by AI Thane will likely encourage developers to rethink commercial formats in suburban nodes — shifting from large corporate leasing models to flexible, intelligent, and compact ownership-led formats.
“This is not just a commercial success. It reflects a behavioural shift in how urban India wants to work — decentralised, digital, and designed for scale,” Thakur added
AI Thane Sells 100 Units in 100 Days
WOARCHITECT CAREER CONCLAVE 2025
CHARTING BOLD NEW PATHS IN ARCHITECTURE
Hon’ble MP Shri Narayan Rane inaugurates India’s first dedicated architectural career platform, in association with CREDAI-MCHI
Mumbai, June 14, 2025 – The architectural community witnessed a landmark moment with the inaugural edition of the WOArchitect Career Conclave (WCC) 2025, hosted at Mumbai’s NESCO Centre. Conceptualised as India’s first event exclusively focused on architectural career development, the conclave drew over 700 participants—ranging from students and early professionals to industry leaders and academic institutions—affirming the profession’s readiness for a broader, more future-oriented discourse.
The event was formally inaugurated by Shri Narayan Rane, Hon’ble Member of Parliament, who lauded the platform for addressing the long-felt need for structured career guidance in architecture. “Jobs alone won’t lead to real progress—building businesses is equally important. Learn continuously, embrace entrepreneurship with courage, and elevate Indian architecture on the global stage,” he urged. He also announced plans to develop 1,400 acres in Sindhudurg, envisioning a hub for 500–1,000 companies and over 100,000 jobs, signalling major infrastructural growth for the Konkan region.
Redefining Career Horizons in Architecture
The conclave was conceptualised by Ar. Milind Surve and Ar. Shehal Jagdale Surve, Co-Founders of WOArchitect and Directors at Alternate Angle. With a strong intent to shift the dialogue from conventional practice to multidimensional opportunities, WCC 2025 showcased how architects can contribute across sectors. “Architecture is no longer confined to design,” noted Ar. Milind Surve. “We wanted to show young architects that design thinking is a universal tool—applicable far beyond the studio.”
Supported by CREDAI-MCHI, the conclave featured a rich mix of keynotes, expert-led seminars, a job fair, and a higher education showcase. Eminent speakers such as Ar. Hrishikesh Phadke, Ar. Rupali Gupte, Ar. Makarand Toraskar, and Ar. Keval Valambhia brought diverse perspectives—ranging from technological compliance and urban policy to digital innovation and research.
A compelling panel discussion, “Navigating Architectural Career Maps: Roles, Risks & Rewards”, moderated by Ar. Amita Gore, unpacked the complex realities of architectural careers, especially those that diverge from traditional trajectories.
Reflecting on the conclave’s purpose, Ar. Snehal Surve remarked, “We wanted to equip young architects with both inspiration and direction—empowering them to forge meaningful, non-linear careers in a rapidly evolving world.” Mr. Keval Valambhia, COO of CREDAI-MCHI, called WCC 2025 “a forward-looking initiative that fosters a nuanced understanding of creativity, compliance, and professional agility. The conclave serves as a pivotal step in reshaping perceptions of architectural careers in India. In a field where architects are expected to balance compliance, creativity, and collaboration, this platform equips them to navigate the profession’s expanding scope with clarity and confidence.”
With an existing digital community of over 15,000 members, WOArchitect’s debut offline summit successfully bridged the digital-physical gap, setting a strong foundation for future engagement and knowledge exchange.
In-Depth Dialogues: Voices Shaping Tomorrow’s Architecture
At the heart of WCC 2025 were thoughtful conversations with some of India’s most influential architects and thought leaders, who are actively redefining what it means to be a professional in today’s design ecosystem.
Ar. Hrishikesh Phadke, Designated Partner at Newarch Landscape LLP, emphasized the growing importance of landscape architecture in urban ecology, climate-resilient planning, and sustainable development. “Landscape is no longer just an aesthetic layer—it’s central to long-term resilience and ecological balance,” he shared.
Ar. Rupali Gupte, Founder of Copperpod Architecture Paths, offered deep insight into the evolution of architectural roles—from aesthetic-focused designers to agents of urban change. Advocating for a responsibility-driven mindset, she stressed the balance between global sensibilities and regionally rooted, climate-responsive design.
A new-age lens was added by Sagar Saoji, Content Creator and Founder of F.Y.I. Arch, who explored how architects can use digital storytelling to share knowledge and engage with the public. Speaking about platform-specific nuances and digital behaviour, he offered practical strategies for leveraging content to amplify architectural impact in the digital era.
Returning to the broader context, Ar. Milind Surve emphasized the need for a paradigm shift in architectural education and practice. “We must move from being isolated practitioners to strategic collaborators—working across technology, sustainability, and policy to create holistic solutions,” he urged.
Student Voices: Aspiration Meets Awareness
WCC 2025 also gave space to the voices that matter most—the next generation. In exclusive interviews, six architecture students from across India reflected on their academic journeys, design inspirations, and career aspirations.
From dreams of launching independent studios and joining international firms, to exploring paths in urban design, research, and architectural journalism, the responses revealed a clear shift in mindset. Today’s students are not just seeking jobs; they’re preparing to lead, influence policy, and reimagine the built environment through a multidisciplinary lens.
A Defining Chapter in India’s Architectural Landscape
WOArchitect Career Conclave 2025 marked more than an event—it was the beginning of a movement. By spotlighting career diversity, empowering voices, and championing innovation, WCC 2025 successfully reoriented the architectural narrative toward choice, inclusivity, and resilience.
As India’s built environment evolves in response to climate, technology, and urbanisation, so must the profession. WOArchitect’s initiative arrives at the right time—offering a powerful blend of mentorship, opportunity, and vision for architects ready to shape a more thoughtful and future-ready world.
STRATEGIC VISION FOR A FUTURE-READY THANE
As Thane rapidly evolves into a premier residential and commercial hub, CREDAI-MCHI Thane finds itself at the helm of transformative growth. In this exclusive interview, Faiyaz Virani, the newly appointed Hon. Secretary, outlines his vision for the association and the city’s urban future.
Setting the Strategic Agenda
“As the new Hon. Secretary of CREDAI-MCHI Thane, I am committed to driving a focused and future-oriented agenda. My top three strategic priorities are strengthening government-industry collaboration, advancing sustainable development, and elevating member engagement,” says Virani.
He elaborates that building stronger relationships with government bodies, local authorities, and stakeholders will be key to addressing the concerns of the real estate industry and driving Thane’s growth. At the same time, he stresses the importance of promoting green building technologies and eco-conscious practices that help reduce the environmental footprint of urban development. Internally, his vision includes fostering a sense of community among members by creating networking opportunities, professional development sessions, and meaningful industry dialogues.
Virani believes that consistent engagement is critical. “We want to make CREDAI-MCHI Thane the benchmark for how a real estate body can positively shape its city,” he affirms. His approach includes organising regular industry meets with government officials and members to openly discuss policy bottlenecks, market opportunities, and growth enablers. In addition, he aims to facilitate sustainability workshops and seminars that will help developers embrace new-age, environmentally responsible construction practices.
Strengthening Civic & Government Relations
Virani emphasizes that proactive collaboration with local authorities and government bodies is at the heart of his strategy. He believes in establishing structured communication channels to ensure consistent dialogue and swift resolution of industry challenges. These relationships are essential to ensure that the interests of developers and homebuyers are equally addressed while driving systemic change.
He intends to advocate for industry-friendly policies, support regulatory reforms, and promote a cooperative model of engagement with civic bodies. His vision is not limited to policy alone. He also plans to foster closer ties with residents’ associations, community stakeholders, and urban advocacy groups to encourage participative urban planning. “Thane’s development must be co-owned by all its citizens,” he notes.
Bridging the Infrastructure & Policy Gaps
Virani identifies infrastructure as both a challenge and an opportunity. He notes that Thane’s pace of expansion demands immediate attention to road network enhancement, better water management systems, and public transport upgrades. With metro connectivity underway and urban density increasing, there’s an urgent need to improve mobility and city resilience.
In his view, regulatory clarity is just as important. He highlights the need to streamline FSI norms and planning guidelines to align with the city’s infrastructure capacity and environmental goals. Traffic management, flyover projects, and intelligent transport systems are part of his long-term plan to make Thane more liveable and investor-friendly. “A seamless city is the foundation of sustainable growth,” he adds.
Vision 2030: Thane as a Global City
Looking to the future, Virani’s vision for Thane is aspirational yet grounded in current realities. He imagines Thane as a nationally benchmarked, globally respected city that balances economic progress with ecological responsibility. His approach places equal emphasis on technological infrastructure, inclusive housing, and environmental sustainability.
He believes that Thane can lead the way in integrating smart infrastructure and people-centric urban policies. With modern real estate projects, integrated transportation systems, and green city planning, he sees Thane becoming a key contributor to Maharashtra’s $1 trillion economy roadmap. As a real estate body, CREDAI-MCHI Thane under his stewardship will take on a more strategic role—one that bridges the gap between policy and implementation, and between vision and reality.
“By 2030, we want Thane to be known not just for what it builds—but how responsibly it builds it,” says Virani. “Our goal is to ensure that development in Thane serves all—residents, developers, businesses, and the next generation.”
VISION FOR A TRANSFORMING CITY
An exclusive conversation with SACHIN MIRANI,
The New President of CREDAI-MCHI Thane
As Thane undergoes an infrastructure-led metamorphosis, Sachin Mirani steps in as President of CREDAI-MCHI Thane with clarity of purpose and a future-ready mindset. In this candid conversation, he shares his roadmap for Thane’s evolution into a self-sufficient urban powerhouse and reflects on the legacy of his predecessor, Jitendra Mehta.
Redefining Thane’s Urban Landscape
“This is a defining moment for CREDAI-MCHI Thane. The city is no longer peripheral—it’s becoming the core of Mumbai’s extended urban economy. With critical infrastructure projects underway, including the operationalisation of the metro within the next 12–18 months and the Bhiwandi-Kalyan-Shilphata connectivity linking us directly to Borivali, Thane is poised for exponential growth.”
Mirani underlines that road upgrades, Ghodbunder Road expansion, and a dedicated bullet train station connecting Thane to Pune will unlock new frontiers of mobility and accessibility.
“Our goal is to ensure that this transformation reaches every stakeholder—from developers and investors to local residents. Thane’s story is not just of development—it’s of awareness and collective participation.”
A Legacy of Leadership: The Impact of Jitendra Mehta
Reflecting on his predecessor, Mirani is unequivocal: “Mr. Jitendra Mehta redefined the structure and spirit of CREDAI-MCHI Thane.”
Mehta’s term witnessed a dynamic blend of policy advocacy, community engagement, and large-scale brand positioning. “Whether it was the international Property Expo, COVID-19 relief efforts, or child health programs, his tenure was marked by both vision and execution,” Mirani says.
“He laid a strong institutional foundation, built credible partnerships with government stakeholders, and made the association more inclusive and visible than ever before. It’s a legacy I’m proud to inherit—and determined to build on.”
From Satellite City to Commercial Magnet
“Thane has outgrown the tag of being a ‘residential suburb’ of Mumbai,” Mirani says. “We’re seeing a clear shift—people are choosing to live and work here.”
Thanks to infrastructure upgrades and lifestyle-driven development, the city is witnessing a surge in integrated townships that offer homes, offices, schools, and retail—all within walkable distance. Mirani credits this evolution to both market trends and deliberate planning.
“Thane has a skilled workforce, modern amenities, and rising investor confidence. It’s now a strategic destination for companies looking to decentralise from Mumbai’s cost-heavy districts.”
Vision 2030: A Blueprint for Inclusive Urban Growth
Looking ahead, Mirani’s blueprint aligns with Thane’s inclusion in the Vision 2030 roadmap.
“We are entering an era where Thane will set benchmarks—not just for Maharashtra but for all of India. The alignment with the $1 trillion economy goal of the state, and our city’s strategic location, makes this a national story.”
As President, his priority is to strengthen the association’s role as a development enabler. “CREDAI-MCHI Thane will remain the conduit between policymakers and the people. Our objective is clear—make growth equitable, infrastructure inclusive, and urban planning visionary.”
In Mirani’s words, “Thane is no longer just building structures—it is shaping a future.”
Passing The Baton : A New Chapter for CREDAI-MCHI Thane
A Defining Transition
The corridors of Thane’s real estate sector are abuzz with a significant development—CREDAI MCHI Thane’s leadership has officially transitioned from Jitendra Mehta to Sachin Mirani. This symbolic yet strategic shift sets the tone for a renewed vision, reinforcing Thane’s emergence as a growth-centric, infrastructure-led, and sustainability-driven urban centre in the Mumbai Metropolitan Region.
The Mehta Years – Stability, Growth, and Civic Consciousness
Jitendra Mehta’s tenure from 2023 to 2025 coincided with an inflection point in Thane’s real estate journey. His leadership provided a stabilising force during a time of transformation. CREDAI MCHI Thane, under his guidance, became more than an industry body—it became a key stakeholder in urban development.
From infrastructure-backed housing trends to innovative public campaigns, Mehta championed collaboration and civic inclusivity. Initiatives like “Rass Rang Thane,” the festive lighting of key zones, and summer water stations created a new paradigm of real estate-led civic engagement. As property values appreciated and demand surged, particularly in locations like Ghodbunder Road and Pokhran, the association maintained its focus on long-term value creation.
“The market matured during my tenure, but the real achievement was building trust between developers, citizens, and institutions,” Mehta noted in his farewell remarks.
Enter Sachin Mirani – Charting the Road Ahead
Assuming office on April 1, 2025, Sachin Mirani brings with him a reputation for precision, policy foresight, and ground-level understanding of urban dynamics. His message to members and stakeholders has been consistent—Thane’s next chapter must be anchored in sustainability, affordability, and transit-oriented development.
“The infrastructure rollout—from metro corridors to twin tunnels and coastal connectors—is not just enhancing access; it’s redefining real estate demand, supply logic, and consumer expectations,” Mirani stated in his opening address.
He highlighted Thane’s evolving residential fabric—from entry-level units in Kasarvadavali to premium offerings in Hiramandani Estate—and the surge in mid-segment housing. Commercial corridors such as Wagle Estate and Ghodbunder are, in his view, ripe for boutique office spaces and tech-driven enterprises.
Endorsements from the State’s Power Corridors
The transition received resounding support from Maharashtra’s political and administrative leadership, underscoring the institutional significance of CREDAI MCHI Thane.
Deputy Chief Minister Eknath Shinde lauded both Mehta and Mirani for their respective roles in shaping Thane’s urban story. “CREDAI MCHI Thane continues to be a valued development partner for the city. I have full faith in the new committee,” he noted.
Transport Minister Pratap Sarnalk, a founding member of the Thane chapter, expressed confidence in the continuity of vision. “It’s heartening to see a leadership pipeline that reflects consistency and ambition.”
Municipal Commissioner Saurabh Rao (IAS) appreciated the proactive stance of the outgoing team and committed to strengthening civic-developer engagement under the new regime. “We expect the same alignment and problem-solving attitude to continue.”
District Collector Ashok Shingare (IAS) and Police Commissioner Ashutosh Dumbre (IPS) echoed similar sentiments, praising the professionalism and responsibility demonstrated by the body.
Market Fundamentals and Forward Trajectories
Mirani’s optimism is backed by robust market data. Thane’s average per sq. ft. property value stands at ₹19,800, with luxury zones breaching the ₹25,000 mark. Locations like Ghodbunder Road have witnessed nearly 300% growth over the last decade. Infrastructure investments are expected to catalyse further appreciation.
Quarterly housing demand growth has hovered above 6%, and commercial demand is steadily picking up, particularly for compact, flexible office spaces. However, Mirani remains pragmatic.
“Regulatory bottlenecks, land costs, and rising input prices will test our resilience. But innovation in design, financing, and policy navigation will define our next phase.”
He also addressed the changing buyer profile—young professionals and digital-first consumers with evolving lifestyle expectations. “Our market strategies must reflect generational shifts. Homes must be as smart as the buyers who invest in them.”
A Message of Continuity from Past Presidents
Former president Ajay Ashar, who preceded Mehta, welcomed the transition with grace and insight. “Leadership, in our industry, is not about tenure—it is about vision and stewardship. I have full confidence in Sachin’s capabilities.”
Jitendra Mehta, now the immediate past president, concluded his tenure with a sentiment of trust. “Thane is no longer emerging—it has arrived. I am proud of what we’ve built and excited about what comes next.”
A City on the Rise, a Committee with Resolve
The baton has been passed, but the marathon continues. Under Sachin Mirani, CREDAI MCHI Thane begins a new chapter—one driven by data, aligned with policy, and rooted in Thane’s urban aspirations.
As the city evolves into a benchmark for integrated growth, its real estate community—through CREDAI MCHI Thane—will play a defining role. This isn’t just a change of guard. It’s a reaffirmation of purpose.
The future of Thane is not only about square footage. It is about vision per square foot. And CREDAI MCHI Thane is once again leading the way.