Shapoorji Pallonji Real Estate (SPRE) has announced the launch of a premium residential project, Oyster, on Pokhran Road 2 in Thane, signalling growing developer interest in infrastructure-backed micro-markets within the Mumbai Metropolitan Region. The development, part of the 4.8-acre Northern Lights complex, comprises 283 units across 2- and 3-bedroom configurations, ranging from 564 sq ft to 1,004 sq ft (RERA carpet area). With prices starting at ₹1.56 crore, the project aims to cater to urban buyers seeking a balance of connectivity, lifestyle amenities, and design efficiency.
Oyster is strategically positioned in a neighbourhood benefiting from rapid residential traction, underpinned by proximity to key business districts, social infrastructure, and transport links. Industry analysts highlight that Pokhran Road 2 has evolved into one of Thane’s most premium residential corridors over the past decade, with improved east-west road connectivity, access to the Eastern Express Highway, Ghodbunder Road, and upcoming metro connectivity significantly enhancing its appeal for end-users and investors alike. The development emphasises design efficiency, natural light, and spatial optimisation, reflecting evolving preferences among homebuyers for sustainable and holistic living environments. Residences are planned to maximise cross-ventilation, provide city and hill views, and incorporate premium finishes, while communal amenities include wellness and fitness zones, landscaped open spaces, and leisure facilities to support social interaction and community living. Urban planners note that such integrated planning aligns with broader trends in sustainable urban residential development, where environmental design, health-oriented amenities, and lifestyle integration increasingly influence buyer decisions.
A senior industry official observes that Oyster represents a broader shift in Mumbai’s satellite towns, where developers are integrating urban infrastructure improvements with residential design to create high-value, climate-conscious living spaces. Projects in micro-markets like Pokhran Road 2 benefit from steady end-user demand, capital appreciation potential, and the ability to offer homes that cater to both long-term investment and lifestyle aspirations. SPRE’s strategy reflects its wider objective to strengthen its footprint across key Indian cities, offering a mix of aspirational homes and luxury residences while integrating principles of design innovation, spatial efficiency, and responsible urban development. With the launch of Oyster, the company is positioning itself to meet the rising demand for quality housing in Thane, underpinned by infrastructure growth, connectivity improvements, and evolving lifestyle expectations.
Analysts suggest that projects like Oyster not only address market demand but also demonstrate how thoughtful residential planning can contribute to sustainable, inclusive, and resilient urban growth within rapidly evolving metropolitan peripheries.
Shapoorji Pallonji Launches New Housing Project In Thane Pokhran Road 2
