Shapoorji Pallonji Real Estate Launches Oyster: A Premier Residential Project in Thane
Mumbai, February 20, 2026: Shapoorji Pallonji Real Estate (SPRE), a leading name in the Indian real estate sector, has unveiled Oyster, a premium residential project within its expansive 4.8-acre Northern Lights development. Located on the prime Pokhran Road 2 in Thane, Oyster is poised to become a sought-after address for those seeking a blend of luxury and convenience.
Strategically positioned in one of Thane’s most established and rapidly evolving neighborhoods, Oyster benefits from excellent connectivity to key business districts, social infrastructure, and lifestyle hubs. The project will feature 283 units of thoughtfully planned 2- and 3-bedroom residences, ranging in size from 564 square feet to 1004 square feet (RERA carpet area). Starting at INR 1.56 crore, these homes offer intelligently designed layouts with ample natural light, cross-ventilation, and elegant finishes.
Each residence at Oyster opens up to captivating views of the city skyline and the serene nearby hills, harmonizing the energy of urban life with the tranquility of nature. The development is meticulously designed to balance privacy and community living, with landscaped open spaces and a curated range of lifestyle amenities. These include wellness and fitness zones, recreational facilities, and dedicated spaces for leisure and social interaction.
Commenting on the launch, Mr. Sumit Sapru, CEO of Shapoorji Pallonji Real Estate, stated, “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, aligning with the aspirations of today’s discerning buyers.”
Over the past decade, Pokhran Road 2 has transformed 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, has significantly boosted residential traction. The upcoming Mumbai Metro Line 4 is expected to further reduce commute times to key employment zones across Mumbai and Thane.
Social infrastructure in the area, including reputable schools, healthcare facilities, retail centers, and recreational hubs, further enhances the locality’s residential appeal. Oyster is 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-oriented facilities form a key part of the project’s design philosophy, reflecting the evolving preferences of homebuyers for holistic living environments.
With a strong emphasis on design efficiency, natural light, and optimal spatial planning, the development aligns with the growing demand for infrastructure-backed micro-markets within the Mumbai Metropolitan Region. Steady capital appreciation and sustained end-user interest continue to support residential growth in these areas.
About Shapoorji Pallonji Real Estate (SPRE) Shapoorji Pallonji Real Estate is a well-regarded player in the Indian real estate sector, known for its cutting-edge design innovation, construction quality, and architectural excellence. It is a significant segment of the Shapoorji Pallonji Group, a multi-business conglomerate with over 160 years of legacy. The group has a rich history of building some of India’s earliest celebrated structures and modern marvels. SPRE has made inroads into major Indian cities, including Mumbai, Pune, Bengaluru, Gurugram, Howrah, and Kolkata, with a diverse portfolio of developments ranging from luxury apartments and opulent residences to aspirational homes for mid-income homebuyers and one of the largest mass housing projects in India.
