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₹77 Crore Ghodbunder Housing Project Seeks Green Clearance

Published: July 10, 2026 | Category: Thane Real Estate News
₹77 Crore Ghodbunder Housing Project Seeks Green Clearance

With over 150 units envisaged, the project could ease Thane’s cramped inventory. If cleared, possession may start by late 2028.

Key points at a glance

  • 🏗️ Estimated project cost: ₹77 crore.
  • 📍 Located on Ghodbunder survey land, Thane East.
  • 📅 Environmental clearance application submitted on 10 June 2026.
  • 🏢 Developer: Shree Nidhi Heaven, aiming for ~150 residential units.
  • 📈 Expected to add mid‑segment homes to Thane’s growing east‑west corridor.
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Project Scale

₹77 crore investment for a residential tower with approximately 150 units. Construction timeline hinges on EC approval.

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Location

Situated on Ghodbunder survey land in Thane East, close to the Eastern Express Highway and upcoming metro line.

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Regulatory Status

Environmental clearance application filed on 10 June 2026; no RERA number disclosed yet. Approval will trigger further permissions.

Want more detail?

What actually happened?

Shree Nidhi Heaven has submitted an application for environmental clearance to build a residential tower on Ghodbunder survey land in Thane.

The project is valued at ₹77 crore and proposes roughly 150 homes.

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What it means for buyers

If cleared, the development will add mid‑segment inventory to a locality where demand outpaces supply.

Prospective buyers may see competitive pricing and quicker possession timelines compared to older projects.

What to watch next

Authorities will review the EC submission; a decision is expected within the next 8‑10 weeks.

Upon clearance, the developer will likely apply for RERA registration and begin site preparation.

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Frequently Asked Questions

1. What is the estimated cost of the Ghodbunder residential project?
The developer has valued the project at approximately ₹77 crore.
2. Where exactly is the proposed site located?
It sits on Ghodbunder survey land in Thane East, near the Eastern Express Highway and the planned metro corridor.
3. Has the project received any environmental clearance yet?
No; an application for environmental clearance was filed on 10 June 2026 and is pending approval.
4. How many units are envisaged in the tower?
The plans call for around 150 residential units, targeting mid‑segment home buyers.