Thane city
Thane has developed into the fastest growing region of Greater Mumbai with prominent developers like Lodha Group, Rustomjee, Puranik Builders, Kalpataru and Hiranandani pronouncing their presence in the region. Thane residential market turnover in 2011-12 stands at around Rs 5000 crores. The premium segment has seen the highest supply in the last two years. Thane [...] Continue Reading »
During the year 2011, Thane municipal wing witnessed around 330 First Information Reports (FIRs) in concern with electricity theft in the city. Meter tampering is ruling Thane city leaving residents worried behind! The meter tampering has been a nightmare not only to the residents but also to the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). [...] Continue Reading »
Thane city alone required 32, 00 40, 000 litres of water supply per day during the year 2009 but the total water received by Thane Municipal Corporation (TMC) was 40, 20,00,000 litres per day! Even during the year 2011, city required 404 million litres per day and TMC has received 422 million litres of water! [...] Continue Reading »
Major headache! Yes, the developers and builders are worried as the sale of apartments and commercial spaces in the city swooped down from long time. Rising mortgage rates and real estate prices has raised loss of interest in prospective home buyers in Thane city. From past eleven months, property sale transactions has crumbled from 24,601 [...] Continue Reading »
The Thane civic body has launched an online portal to clear building proposals. Director or other equivalent officer will scrutinise the proposal online and approve it. As Thane is small city and no major developments like Mumbai, online approval will work effectively for Thane. It will also help to streamline the realty sector and bring [...] Continue Reading »
Mumbai realty experts feels Mumbai property prices likely to drop. Though not all realty experts may agree on that, the general sense is that prices will correct by at least 15 per cent in the next six months. With 93,000 under-construction properties and ready-for-possession homes still unsold, the ‘weighted average’ cost of a flat in [...] Continue Reading »
