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.
