The Shapoorji Pallonji Group is one of India's most respected and diversified business conglomerates, with a history spanning over 150 years, headquartered in Mumbai and operating in over 70 countries. Within this group, Shapoorji Pallonji Real Estate (SPRE) has built a concentrated presence on Pokhran Road No. 2 in Thane West through a single large-format development — Northern Lights — of which Skyraa is the flagship residential tower.
Northern Lights by Shapoorji Pallonji Real Estate is spread across 4.8 acres on Pokhran Road No. 2, Thane (West), offering thoughtfully designed apartments with more than 60 lifestyle amenities. The overall development comprises multiple residential towers — Omega, Orion, Oyster, and Skyraa — rising up to 50 floors and offering panoramic city and hill views. The project sits on Survey No. 509 and 510, Pokhran Road No. 2, Thane (W), Mumbai – 400610.
Shapoorji Pallonji Real Estate's ongoing residential project Skyraa in Pokharan Road No. 2, Thane West is a 51-storeyed tower, one of the tallest in Thane, built as a premium residential destination. The development comprises 332 meticulously planned luxury apartments in 3 BHK and 4 BHK configurations, crafted with spacious layouts and large balconies that open to views of the cityscape, Yeoor Hills, and surrounding natural landscapes. Carpet areas range roughly from 1368.4 sq. ft. to 1695.7 sq. ft. (127.12 – 157.54 sq. m.).
The project's clubhouse, called Float, sits on the 51st level and includes a business centre with workspace, a library, spa and salon, golf simulator, music room, and viewing deck. Skyraa also includes The Impulse, a premium on-site retail zone offering high-street shopping, cafes, and lifestyle conveniences within the development. Skyraa was announced in February 2022 as a luxury residential project in Thane, one of the tallest towers in the city. It is MahaRERA registered under number P51700033243, and was launched in February 2022, currently under construction. Possession is available from December 2027.
At launch, SPRE's leadership was explicit about the rationale for building here. Venkatesh Gopalkrishnan, then CEO of Shapoorji Pallonji Real Estate, said the company had witnessed steady demand for spacious luxury homes, indicating a shift in post-pandemic consumer behaviour in the Thane market, and had planned a new phase believing it was the right time to bring the best products to the Thane micro-market. That reading of the market has since been reaffirmed: in February 2026, SPRE's current CEO Sumit Sapru 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, and that Northern Lights introduces homes combining design excellence, functionality, and long-term value.
This is why SPRE has continued to add to the Northern Lights development rather than treat it as a one-off launch. In February 2026, SPRE announced Oyster, a premium residential project within the 4.8-acre Northern Lights development, comprising 283 units of 2- and 3-bed residences ranging from 564 to 1004 square feet, starting at INR 1.56 crore. Together with Skyraa's larger 3 and 4 BHK format, this gives SPRE a spread of configurations within one address on Pokhran Road No. 2 — from compact 2 BHKs to sky-level 4 BHK residences with dedicated garden homes.
Over the past decade, Pokhran Road 2 has developed into a premium residential micro-market, benefiting from improved connectivity to the Eastern Express Highway and Ghodbunder Road, as well as upgrades to east-west road links within Thane. The site is close to the Eastern Express Highway, Thane Railway Station (4.5 km), and the upcoming Metro Line 4. The upcoming Mumbai Metro Line 4 is expected to shorten commute times to key employment zones, further enhancing the area's residential appeal.
Social infrastructure around the Northern Lights address is already established rather than aspirational. The project lies close to the Eastern Express Highway, Ghodbunder Road, and major social infrastructure including LakeShore Mall, Korum Mall, Bethany Hospital, and Vasant Vihar School. Other frequently cited neighbours include CP Goenka International School and reputed hospitals along the same stretch. The Skyraa site itself is established on Pokhran Road No 2, adjacent to the Eastern Express Highway.
Price data for the immediate locality reflects the premium positioning SPRE is pursuing here. As of 2025, premium areas like Pokhran Road command around ₹20,531 per sq. ft., with rates varying based on location, project, and amenities. In terms of price appreciation, flat rates in Pokhran 2, Thane have moved by 14.0% over the last 3 years and 39.0% over the last 5 years. Skyraa's own pricing at launch — in the price range of Rs 2.44 crore to Rs 3 crore, excluding other charges — sits at the top of this micro-market band, consistent with its tallest-tower positioning and 51st-floor clubhouse.
The Shapoorji Pallonji Group has more than 160 years of legacy bridging the earliest celebrated structures of India and modern marvels, and SPRE has made inroads into most Indian cities — Mumbai, Pune, Bengaluru, Gurugram, Howrah and Kolkata — with developments ranging from luxury apartments to aspirational homes for mid-income buyers, as well as one of the largest mass housing projects in India. The Skyraa promoter entity is Jaykali Developers Pvt. Ltd. (CIN No.: U45400MH2010PTC210326), a Shapoorji Pallonji Group Company. For a buyer evaluating Pokhran Road No. 2, this means the same construction and delivery apparatus behind SPRE's other Indian cities is what stands behind Northern Lights and Skyraa in Thane.
