Mumbai,
February 20, 2026 : Shapoorji Pallonji Real Estate (SPRE), one of
India’s most trusted real estate developers, has announced the launch of Oyster,
a premium residential project within its expansive 4.8-acre development,
Northern Lights, located on the prime Pokhran Road 2 in Thane.
Strategically
positioned in one of Thane’s most established and rapidly evolving
neighbourhoods, Oyster benefits from strong connectivity to key business
districts, social infrastructure, and lifestyle hubs. Oyster will comprise 283
units of thoughtfully planned 2- and 3-bed residences, ranging in size from 564
square feet to 1004 square feet (RERA carpet area).
Starting
at INR 1.56 crore, Oyster offers intelligently planned homes with expansive
layouts, ample natural light, cross-ventilation, and elegant finishes. Each
residence opens up to captivating views of the city skyline as well as the
serene nearby hills, bringing together the energy of urban life and the calm of
nature. Designed to strike a balance between privacy and community living, the development
is complemented by landscaped open spaces and a curated range of lifestyle
amenities, including wellness and fitness zones, recreational facilities, and
dedicated spaces for leisure and social interaction.
Commenting
on the launch, Mr Sumit Sapru, CEO, Shapoorji Pallonji Real Estate, said,
“Pokhran Road 2 has emerged as one of Thane’s most desirable residential
micro-markets, driven by strong infrastructure, connectivity, and evolving
lifestyle demand. With Oyster at Northern Lights, we are introducing homes that
combine design excellence, functionality, and long-term value aligned with the
aspirations of today’s discerning buyers.”
Over
the past decade, Pokhran Road 2 has evolved into one of Thane’s most premium
and well-planned residential corridors. Its connectivity to the Eastern Express
Highway and Ghodbunder Road, along with improvements in east–west connectivity
within Thane, continues to drive heightened residential traction. The upcoming
Mumbai Metro Line 4 is expected to significantly reduce commute time to key
employment zones across Mumbai and Thane. Social infrastructure, including
reputed schools, healthcare facilities, retail centres, and recreational hubs,
further strengthens the locality’s residential appeal.
Oyster
has been envisioned as a lifestyle-focused development, offering thoughtfully
designed homes complemented by a wide range of amenities that enhance everyday
living. Indoor and outdoor leisure spaces, areas for social interaction, and
wellness-orientated facilities form a key part of the project’s design
philosophy, reflecting evolving homebuyer preferences for holistic living
environments.
With
a strong emphasis on design efficiency, natural light, and optimal spatial
planning, the development reflects evolving homebuyer preferences for holistic
living environments. The launch aligns with growing demand for
infrastructure-backed micro-markets within the Mumbai Metropolitan Region,
where steady capital appreciation and sustained end-user interest continue to
support residential growth.
With
Oyster, Shapoorji Pallonji Real Estate continues to strengthen its footprint in
the Thane residential market, addressing the demand for quality housing in
micro-markets driven by infrastructure growth and evolving lifestyle
expectations.
About
Shapoorji Pallonji Real Estate (SPRE)
Shapoorji
Pallonji Real Estate is a well-regarded, reputed player in the Indian real
estate sector owing to its cutting-edge design innovation, construction
quality, and architectural excellence. It constitutes a significant segment of
the Shapoorji Pallonji Group, an enormous multi-business conglomerate. The
group has more than 160 years of legacy that bridges the earliest celebrated
structures of India and the modern marvels. SPRE has made inroads into most Indian
cities – Mumbai, Pune, Bengaluru, Gurugram, Howrah and Kolkata – with a variety
of developments, from luxury apartments and opulent residences to aspirational
homes for mid-income homebuyers as well as one of the largest mass housing
projects in India.
