CREDAI MCHI Thane has announced the transition of leadership from Jitendra Mehta to Sachin Mirani on April 4, 2025. This milestone marks a new chapter in the organisation’s journey, building on the foundations laid by Jitendra Mehta and previous Presidents. The incoming President, along with his team, aim to drive growth, innovation, and progress in Thane’s real estate sector, while promoting sustainable practices and affordable housing options.
Boman Irani, National President, CREDAI, said, “I congratulate Sachin Mirani on taking over as the President of CREDAI MCHI Thane. I am confident that under his leadership, the organisation will continue to promote the growth and development of Thane’s real estate sector, contributing to the state’s economic prosperity.”
Dominic Rommel, President, CREDAI MCHI, shared, “Jitendra Mehta has been instrumental in promoting Thane’s real estate sector, and I appreciate his efforts. I welcome Sachin Mirani and wish him success in his new role. I am confident that he will take CREDAI MCHI Thane to new heights.”
Sachin Mirani, the incoming President, expressed his gratitude to Jitendra Mehta for his leadership and vision. He outlined his plans to focus on sustainable development, affordable housing, and infrastructure growth, ensuring that Thane remains a preferred destination for homebuyers and investors.
“Thane, part of the Mumbai Metropolitan Region (MMR), has been steadily transforming from a suburban outpost into a self-sustaining urban hub. The real estate market here is buzzing, and several factors suggest it’s poised for growth in the coming years. First off, infrastructure is a game-changer. Projects like the Thane-Borivali Twin Tunnel (slated to slash travel time between these areas from 2 hours to 15 minutes) and the upcoming Metro Lines from Gaimukh to Bhiwandi-Kalyan and Wadala as also the internal Thane City Metro are set to boost connectivity big time. Add to that the proposed extension of the Eastern Freeway to Saket, the coastal road linking WEH from Vesave village with Saket and the Mumbai-Ahmedabad Bullet Train with a stop in the region, and you’ve got Thane positioned as city that’s about to become hugely accessible. Better connectivity typically means higher property demand—and prices tend to follow,” Mirani elaborated.
According to him, residential demand, already on an upswing, is expected to grow. Thane has a residential offering for everyone – from affordable 1 BHK flats in areas like Kasarvadavali (around ₹8,000-11,000 per sq ft) to luxe pads in Hiranandani Estate or Manpada (₹15,000-25,000 per sq ft). The average property rate in Thane, according to media reports, hovers around ₹19,800 per sq ft as of late 2024, but prime spots like Pokhran Road and Ghodbunder Road are climbing faster.
“As I look at the timeline of my tenure, and visualise the near-future outlook; I expect property rates to keep climbing, especially in well-connected zones like Thane West, Majiwada, and Ghodbunder Road. Residential and commercial demand will likely stay strong, driven by infrastructure rollouts and Thane’s appeal as a quieter, greener alternative to Mumbai,” the incoming President added.
CREDAI MCHI Thane is the Thane chapter of CREDAI, the apex body of real estate developers in India. The organisation aims to promote the growth and development of Thane’s real estate sector, while ensuring transparency, accountability, and ethical business practices.
