Oberoi Realty is a publicly listed real estate development company headquartered in Mumbai, led by Chairman and Managing Director Vikas Oberoi. The company was listed on the Bombay Stock Exchange and the National Stock Exchange in 2010. Oberoi Realty has completed 51 projects across the Mumbai skyline spanning residential, commercial, retail, hospitality, and social infrastructure. That track record — built almost entirely within the Mumbai Metropolitan Region — made the company's deliberate push into Thane's Kolshet micro-market a noteworthy step.
The company launched Forestville Phase 1 at Kolshet, Thane in 2023–24. This was Oberoi Realty's first independent foray into Kolshet, distinct from its earlier Thane presence at Pokhran Road under the Oberoi Garden City Thane brand. The Kolshet entry follows a pattern the company has applied across Mumbai: anchor a new micro-market with a large-format, high-density residential project that carries the full suite of amenities the brand is associated with — and then build on that footprint.
To understand why Kolshet, it helps to look at where Oberoi Realty has operated before. Notable developments include Oberoi Sky Heights in Andheri West, Oberoi Garden City Elysian in Goregaon East, Oberoi Enigma and Oberoi Eternia in Mulund West, and Oberoi Garden City in Pokhran Road, Thane. In each of these locations, the developer entered when the micro-market was transitioning from mid-market to upper-mid and premium demand. Kolshet, in 2023, was at exactly that inflection.
Forestville by Oberoi Realty is a residential project in Thane West covering 18 acres of land and consisting of high-rise towers of 60 floors each. The project has 5 towers of 60 storeys, with carpet areas for 3 BHK units of 1,087–1,090 sq ft and 4 BHK units of 1,740 sq ft. At 60 floors, these are among the tallest residential towers on Kolshet Road.
The towers are positioned so that no apartments face each other, ensuring every unit enjoys open, unobstructed views. With only 5 towers spread across the 18-acre land parcel, low tower density provides residents ample open space, better ventilation, and more breathing space within the apartments.
Forestville is inspired by the principles of Biophilic Design that highlight the elements of nature, air, water, and sunlight — aimed at contributing to physical, mental, and cognitive wellbeing. This design philosophy, combined with the scale of the land parcel, gives Forestville a distinct character within a Kolshet market that is increasingly high-density.
On configurations and pricing: Forestville provides housing units starting from Rs 1.87 Cr, with 3 BHK apartments measuring from 1,051.53 sq ft and 3 BHK + Studio units starting from 1,331.53 sq ft. The project is RERA-registered with registration number P51700050312. Possession is targeted for December 2029.
The amenities Oberoi Realty has specified for Forestville go beyond the standard clubhouse-and-pool package. Facilities include a gym with a golf simulator, squash courts, and a multi-purpose court. A swimming pool and gymnasium are included, along with a mini theatre — an exclusive offering for Forestville residents. Internally, the homes feature a kitchen platform with a stainless steel sink, anti-skid tiles in balcony areas, powder-coated aluminium windows, concealed plumbing, branded CP fittings, branded electrical switches, laminated flush doors, vitrified flooring for living, dining, kitchen, and all bedrooms, and wash basin counters.
Kolshet Road in Thane has emerged as a sought-after residential destination due to its strategic location, connectivity, and developing infrastructure. For Oberoi Realty — which has historically built large-format projects on sizeable land parcels in locations with strong employment access and improving transit — Kolshet offered the right combination: a residual green character, proximity to Thane's main road arteries, and a buyer profile that was clearly moving upmarket.
Kolshet is connected to the Eastern Express Highway, Ghodbunder Road, LBS Marg, Bethany Hospital, Jupiter Hospital, Korum Mall, Viviana Mall, Hiranandani Business Park, MBC Infotech Park, G Corp Tech Park, and the proposed Kapurbawdi Metro Station. The project is approximately 2 km from the nearby metro station and 6.7 km from Thane Railway Station. The upcoming Thane–Borivali Twin Tunnel is an additional transit improvement that will cut travel time on the east–west axis significantly.
Infrastructure investment is accelerating across this belt. The Cabinet-approved Ring Metro (29 km, 22 stations) will create an integrated intra-Thane mobility loop linking Wagle Estate, Teen Hath Naka, Rabodi, Kolshet, Balkum, Patlipada, and Kasarvadavali, forming the backbone of Thane's Transit-Oriented Development ecosystem. The Kolshet–Kalher Bridge has been awarded to Ashoka Buildcon at ₹289 crore, with work commenced in Q3 2025 under MMRDA. The 10.20 km Thane–Borivali tunnel beneath Sanjay Gandhi National Park is projected to reduce the Thane–Borivali travel time from 60–75 minutes to just 15 minutes.
On the employment side, the proximity to major employment hubs such as Ghodbunder Road and Thane-Belapur Road adds to the location's appeal. Hiranandani Business Park, MBC Infotech Park, and G Corp Tech Park — all accessible via Kolshet Road — generate steady occupier demand that underpins both self-use and rental markets.
Average property rates per square foot in Kolshet, Thane, for flats stand at around Rs 19,050 per sq ft. Flat rates changed by 3.3% in the last one year, 10.8% in the last three years, 19.8% in the last five years, and 30.9% in the last ten years. Within this market, the average price per square foot at Oberoi Forestville is approximately Rs 18,400 — broadly in line with, and in some configurations competitive with, the area average for a brand-new, large-format 60-floor product on an 18-acre parcel.
Between April 2024 and August 2025, Thane recorded 20.7 million sq ft of residential sales, ranking among the top three micro-markets nationally. Over the past five years, around 7,000 units were sold on Kolshet Road in completed projects, with a weighted average price of Rs 18,843 per sq ft. This absorption depth tells a buyer that Kolshet is not a speculative outlier — it is a sustained demand market with genuine end-user depth, which is precisely the condition in which Oberoi Realty's large unit counts are best suited to sell through.
The social layer around Kolshet Road is relevant to how a buyer evaluates Forestville specifically. There are 14 educational institutes near Kolshet Road, including Rainbow International School, Orchids The International School Thane, and Arun Muchhala Polytechnic College. Jupiter Hospital and Bethany Hospital are among the named medical facilities in proximity. R-Mall is approximately 2.2 km from Forestville, and the Kapurbawdi Circle is 3.1 km away. Korum Mall and Viviana Mall — two of Thane's largest retail destinations — are accessible via the arterial road network.
Forestville is not Oberoi Realty's only presence in Thane. The current residential portfolio includes Sky City in Borivali, Elysian in Oberoi Garden City Goregaon, Eternia and Enigma in Mulund, Forestville in Kolshet Thane, and Oberoi Garden City Thane in Pokhran. The Kolshet and Pokhran projects represent two distinct Thane micro-markets — Kolshet being the greener, highway-adjacent northern pocket, and Pokhran Road being the established residential address further south. Having active projects in both signals a developer that has committed to Thane as a multi-location market, not simply an opportunistic single-project entry.
In FY 2025, the company launched Towers B–C in the Jardin project of Oberoi Garden City Thane at Pokhran, commenced operations at Commerz III — its largest office asset — and launched Sky City Mall in Borivali. The pace of launches across the MMR in a single financial year indicates an organisation at scale, with construction delivery running in parallel across multiple sites — which matters to a buyer assessing whether a December 2029 possession target at Forestville is credible.