Oberoi Realty Limited has spent four decades building within the Mumbai Metropolitan Region, accumulating a completed portfolio of more than 49 projects across Mumbai's residential, commercial, retail, hospitality, and social infrastructure segments. The company is listed on both BSE and NSE, and its projects span Goregaon, Mulund, Worli, Borivali, and Andheri, among others. Thane represents the developer's most ambitious geographic expansion: two distinct projects, each chosen to address a different slice of the city's premium market.
The developer's entry into Thane is not incidental. Oberoi Forestville in Kolshet and Jardin at Oberoi Garden City Thane on Pokhran Road No. 2 collectively give Oberoi Realty a presence across two of Thane's most actively tracked micro-markets, each with different buyer profiles, price points, and connectivity stories.
Forestville sits on Kolshet Road, an address that has changed quickly over the past several years — from a quiet industrial corridor into one of Thane West's most sought-after residential stretches, adjacent to the 20-acre Namo Grand Central Park and bracketed by IT parks including Hiranandani Business Park, MBC Infotech Park, and G Corp Tech Park.
The project spans 18 acres and comprises five towers of 60 storeys each. Apartment configurations include 3 BHK units starting from approximately 1,087–1,090 sq ft and 4 BHK units at 1,740 sq ft (carpet area). The project is MahaRERA-registered under number P51700050312.
Oberoi Realty has shaped Forestville around the principles of biophilic design — integrating natural light, ventilation, and green matter into the everyday living experience rather than treating them as peripheral amenities. The towers are positioned so that no two units face each other directly, preserving open sightlines across the project and toward the forest canopy on one side and landscaped podium gardens on the other.
The amenity programme at Forestville is notably sport- and wellness-heavy: a gym with a golf simulator, squash courts, futsal and cricket nets, a Miyawaki forest, an outdoor meditation deck, a reflexology path, a yoga lawn, herb garden, orchard, stepped seating, a mini theatre, library, reading decks, a children's pool, toddler zone, and pet-walking area, among others. Residents also have access to a spa, salon, and convenience store.
Connectivity from Kolshet is road-led today — access to the Eastern Express Highway, Ghodbunder Road, and LBS Marg is established — with meaningful public transport upgrades approaching. The project sits approximately 2 km from the nearest proposed metro station on Metro Line 4 (Wadala–Kasarvadavali) and approximately 6.7 km from Thane Railway Station. The proposed Thane–Borivali Twin Tunnel, once operational, is expected to significantly reduce travel time to Mumbai's western suburbs from this part of Thane. Nearby social infrastructure includes Jupiter Hospital, Bethany Hospital, Hiranandani Hospital, Podar International School, Billabong High International School, and the Viviana and R-Mall retail destinations.
Oberoi Garden City Thane is a different order of commitment. The 75-acre integrated development on Pokhran Road No. 2 — which Oberoi Realty describes as connecting Cadbury Junction to Upvan Lake, linking central and northern Thane — is planned to include residential towers, a JW Marriott Hotel Thane Garden City (five-star deluxe), a private membership club open to both residents and non-residents, and an Oberoi International School campus.
The residential component, branded Jardin at Oberoi Garden City Thane (the French word for garden), launched on 18 October 2024 with bookings for two towers in the first phase. The first phase will ultimately comprise five residential towers. Apartments in the current launch are 3 BHK and 3 BHK + Studio configurations, with carpet areas starting from 1,475 sq ft. Towers are planned to rise beyond 65 storeys. Pricing at launch began at Rs. 3.23 crore for 3 BHK and Rs. 4.30 crore for 3 BHK + Studio (exclusive of GST and additional charges). The project is MahaRERA-registered under OGC Thane Phase 1, registration number PR1331012400078.
The commercial response to the launch was direct evidence of the brand's pull in Thane: the company recorded a gross booking value of approximately Rs. 1,348 crore for 5.65 lakh sq ft of carpet area within the first three days of opening, selling more than 50 percent of the launched inventory by the close of the launch weekend.
Residents of Jardin will have exclusive access to the development's clubhouse and podium-level amenities. A paid membership to the private club — serving both residents and outside members — will be offered separately. Priority admissions to the Oberoi International School within the campus have also been structured as a resident benefit. The project's green planning includes scenic nature trails, multi-layered gardens, and what Oberoi describes as a lifestyle framework oriented around wellbeing, natural light, and proximity to open space.
Pokhran Road No. 2 is already an established address for premium housing in Thane. Its proximity to Yeoor Hills and Upvan Lake provides a natural buffer rarely available at this scale in a developed urban neighbourhood. Road connectivity via established arterials complements the area's access to Thane Railway Station and upcoming metro infrastructure.
Thane's price trajectory provides useful context for buyers evaluating either project. Average residential prices across Thane rose from approximately Rs. 13,550 per sq ft in Q2 2022 to around Rs. 19,800 per sq ft in Q2 2025 — a 46 percent increase over three years — according to ANAROCK data. This is a structural, infrastructure-backed shift rather than a speculative cycle, driven predominantly by end-users: salaried professionals, families seeking larger carpets, and upgrade buyers moving from Mumbai's higher-density corridors.
Pokhran Road No. 2 is specifically identified by market analysts as a premium growth zone, consistent with the scale and configuration of what Oberoi has launched there. Kolshet Road, meanwhile, is tracked as a corridor offering steady appreciation supported by upcoming metro access — a profile that suits the Forestville buyer seeking a nature-oriented but well-connected address at a more accessible entry price relative to the Garden City township.
The infrastructure pipeline underpinning both locations is substantive. Metro Line 4 (Wadala–Kasarvadavali), a 32-km elevated corridor, is advancing and will provide Thane residents with direct access to Mumbai's employment clusters in BKC, Lower Parel, Powai, and Ghatkopar. Metro Line 5 (Thane–Bhiwandi–Kalyan) is a further planned addition. The Thane–Borivali Twin Tunnel will connect the eastern and western suburban corridors in a fraction of current travel times. Thane is also seeing large-scale infrastructure investment estimated at Rs. 59,000 crore across the broader city. These are the conditions under which Oberoi Realty has chosen to deploy capital at integrated township scale — which itself signals the developer's conviction in Thane's long-range trajectory.
For context on Oberoi Realty's track record: the company's revenue from operations in Q2 FY26 grew approximately 35.79% year-on-year, with net profit rising around 29% to Rs. 760.26 crore, reflecting sustained execution across its active Mumbai-region portfolio. The Thane pipeline — both Forestville and Garden City — represents the company's largest commitment outside its original Goregaon–Andheri–Mulund axis.
| Project | Location | Configurations | Starting Price (approx.) | MahaRERA No. |
|---|---|---|---|---|
| Oberoi Forestville | Kolshet Road, Thane West | 3 BHK (1,087–1,090 sq ft), 4 BHK (1,740 sq ft) | Rs. 1.87 Cr onwards | P51700050312 |
| Jardin at Oberoi Garden City Thane | Pokhran Road No. 2, Thane | 3 BHK (from 1,475 sq ft), 3 BHK + Studio | Rs. 3.23 Cr onwards | PR1331012400078 |
The two projects are not interchangeable. Forestville addresses buyers who want biophilic design, a contained 18-acre environment, and proximity to Kolshet's growing employment corridor at a lower ticket size. Jardin at Oberoi Garden City Thane addresses buyers seeking an address anchored by a five-star hotel, a branded school, and a private club on a 75-acre canvas, with larger carpet areas and pricing that reflects the ambition of that proposition. Together they cover a meaningful arc of Thane's premium-to-luxury spectrum — which is consistent with how Oberoi Realty has operated in other parts of Mumbai, where the company typically builds at the aspirational end of each sub-market it enters.