A two-storeyed building housing a garment factory had collapsed in Kalher village near the powerloom town in wee hours killing one worker on the spot and injuring 24 others, they said.
Of the injured, 11 have been discharged and while the remaining are undergoing treatment at the local hospital.
Two bodies were extricated this afternoon during the debris clearing operations at the site of BIG Garments, located in Arihant Compound campus having many godowns.
The deceased have been identified as Munna Vazur Diwan (25), Virendra Sriram Krutpande (45) and Sajamul Shaikh Miraj (32), police said.
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A team of National Disaster Response Force (NDRF) had also arrived at the spot.
Incessant rains in the area are blamed for the collapse though there is no official confirmation to this.
Top officials including district collector P Velrasu, Bhiwandi Nizampur City Municipal Corporation (BNMC) commissioner Achyut Hange, Thane police commissioner K P Raghuvanshi are supervising the rescue operations.