The construction lift in the 40-storey building located in Balkum area off the Ghodbunder Road here collapsed on Sunday evening.
Mansukh Hiren is the purported owner of the explosive-laden car found outside industrialist Mukesh Ambani's residence.
The building, which housed godowns on the ground and first floors and four families on the top floor, collapsed at 1.45 pm on Saturday at Wardhaman Compound in Valpada of Mankoli area.
The situation was brought under control around 11.30 pm, Kadam said, adding that the incident did not result in any major injury to anyone.
Nine persons were still feared trapped under the debris of the structure which collapsed at 1.45 pm on Saturday at Wardhaman Compound in Valpada area, they said, adding that search and rescue operations were on.
Two persons were on Wednesday killed and nine others injured when a chemical-laden tanker fell from the Mumbra bypass here over hutments in an adjoining slum area.
Multiple incidents of landslide, wall and bridge collapse were reported in Thane city and neighbouring Palghar district in Maharashtra which were lashed by heavy rains on Wednesday, officials said.
At least 20 other persons are feared trapped under the debris of the building in Navi Vasti locality.
In Mumbai, Kush Khandare, 20, suffered an epileptic attack when he climbed the first layer of a human pyramid.
The building 'Matruchaya', built 35 years ago, collapsed on Tuesday night at Cholve village, following which rescue operations were launched by the National Disaster Response Force, fire brigade officials and civic authorities said on Wednesday.
Teams of the National Disaster Response Force (NDRF) were roped in to rescue hundreds of stranded people, they said.
Mumbai and its adjoining areas were lashed by heavy showers on Tuesday, causing water-logging at a number of places, including railway tracks, which slowed the movement of trains and vehicles on roads.
In a tragic incident, a newborn girl was charred to death in fire after an explosion in the CNG kit of an ambulance, an official said on Friday.
The building Shree Krishna crashed around 2.30 am
Nearly 6,000 passengers were stranded as train services on the Konkan Railway route in Maharashtra's Ratnagiri district were suspended on Thursday after a river overflowed following heavy rains, while incessant downpour badly hit road and rail traffic in several parts of the state, including around Mumbai, as authorities called in NDRF to help the administration in rescue efforts.
The intensity of the blast was so high that window panes in adjoining buildings were shattered and shocked people were seen running helter-skelter, an eyewitness said.
Mumbai received 231.4 mm rain in the last 24 hours, while Thane received 229.81 mm.
Private weather agency Skymet said Mumbai is at 'serious risk of flooding' between July 3 and 5.
Life in Mumbai was on Wednesday slowly coming back on tracks as rains subsided and hundreds of stranded commuters headed home with the partial resumption of suburban train services.