Shapoorji Pallonji Real Estate (SPRE) has been a force in India's residential market since the 1970s, operating as the real estate arm of a conglomerate founded in 1865. The group's landmark built work ranges from The Imperial — India's tallest twin towers in Mumbai — to Shukhobrishti in Kolkata, described as Asia's largest mass housing project with 20,000 affordable homes. Across Mumbai, Pune, Bengaluru, Gurugram, Howrah, and Kolkata, the group has assembled a development portfolio with potential exceeding 142 million square feet. Pokhran Road No. 2 in Thane West is one of the specific micro-markets where SPRE has chosen to anchor a multi-phase, large-format project — a deliberate placement, not a peripheral play.
Northern Lights is Shapoorji Pallonji Real Estate's flagship residential development on this corridor, occupying 4.8 acres at Survey Nos. 509 and 510, Pokhran Road No. 2, Thane (W) — 400610. The campus is designed as a gated community with multiple residential towers rising to 50 storeys, offering 43 habitable floors above a five-level podium and two dedicated levels of amenity space.
The project has been rolled out in phases. The Northern Lights RERA registrations on file with MahaRERA include P51700019864, P51700019865, and P51700020305. The most recently launched cluster, Oyster, was announced in February 2026 and brings 283 units of 2- and 3-bedroom residences with RERA carpet areas ranging from 564 sq ft to 1,004 sq ft, priced from INR 1.56 crore onwards. An earlier phase, Skyraa, on the same campus offers 3- and 4-BHK apartments across 1.86 acres, with a December 2027 completion target.
Across the Northern Lights campus, the amenity programme runs to over 60 curated facilities: a rooftop clubhouse, lap pool, poolside garden, yoga deck, gymnasium, amphitheatre, pet walkway, tropical aquarium, community hall, children's play zone, badminton courts, jogging tracks, and 24x7 CCTV security, among others. Individual residences are fitted with marble flooring, air purifiers, water purifiers, and floor-to-ceiling windows; each home also includes a dry balcony off the kitchen.
Pokhran Road No. 2 has, over the past decade, moved from a mature mid-tier address to one of Thane West's most consistently performing premium corridors. The road's dual connectivity — to the Eastern Express Highway on the east and Ghodbunder Road toward the northwest — gives residents access to Thane's commercial node and the broader Mumbai Metropolitan Region without relying on a single arterial route. East–west road upgrades within Thane have further tightened this network.
The corridor's social infrastructure is well-established rather than aspirational. Reputed schools within proximity of the Northern Lights site include Lodha World School, CP Goenka International School, Amber International School, and Vasant Vihar High School (approximately 1.4 km). On the healthcare side, Jupiter Hospital sits approximately 2.3 km from the site, and Infinity Medisurge Centre and NaMo Grand Central are also nearby. Retail is anchored by LakeShore Mall and Korum Mall, both within the locality's catchment.
The site itself looks toward Yogi Hills and the Yeoor Hills range, with Upvan Lake in the vicinity — a geographic context that limits overdevelopment on the western flank and sustains view premiums for high-floor apartments. This restraint on supply is a structural characteristic that SPRE's CEO Sumit Sapru has publicly identified as central to the micro-market's appeal: "Pokhran Road 2 has emerged as one of Thane's most desirable residential micro-markets, driven by strong infrastructure, connectivity, and evolving lifestyle demand."
Transaction data from Maharashtra government registrations places the average flat rate in Pokhran Road No. 2 at approximately INR 20,726 per sq ft, while listed asking rates for new inventory cluster around INR 24,400 per sq ft. Over a five-year horizon, flat prices on this corridor have appreciated approximately 39%, and over three years, approximately 14%. Premium micro-markets including Pokhran Road and Kolshet Road consistently trade above INR 22,000 per sq ft, separating them from the broader Thane city average of INR 13,000–15,000 per sq ft.
Within this pricing band, Northern Lights Oyster's entry point of INR 1.56 crore for a 564 sq ft (RERA carpet) 2-BHK positions it at the accessible end of the corridor's new-launch spectrum, while Skyraa's 3- and 4-BHK format addresses the upper end. This phased product mix — across configurations, ticket sizes, and timelines — reflects how SPRE structures large campuses to capture demand across buyer profiles on a single landholding.
Mumbai Metro Line 4 (Wadala–Kasarvadavali) is the single largest infrastructure variable influencing residential demand on Pokhran Road No. 2 over the near term. Physical viaducts and station structures for this line are now visible across large stretches of Thane West, with trial runs on completed sections underway as of late 2025. Once operational, Line 4 is expected to materially reduce commute times to employment zones across Mumbai and Thane — a factor that continues to pull end-user and investor interest toward the corridor.
Pokhran Road No. 2 is listed among Thane's top-performing micro-markets alongside Kasarvadavali, Ghodbunder Road, Kolshet Road, and Majiwada — all of which are proximate to the metro alignment. For buyers evaluating Northern Lights specifically, the pending metro proximity is a medium-term demand reinforcer rather than a current operational benefit.
Thane is not a recent addition to Shapoorji Pallonji Real Estate's geography. The group's real estate operations have included projects across Thane alongside its established presence in Mumbai (where The Imperial at Tardeo remains a reference project), Pune (Wildernest, Golfland at Vanaha, SP Residency), and Bengaluru (Parkwest). The Joyville affordable-housing brand — launched by SPRE in 2016 and certified by the IFC (World Bank Group) for projects in Virar and Gurugram — demonstrates the group's range across price points. In Thane, the Northern Lights campus on Pokhran Road No. 2 sits at the premium end of SPRE's product range, consistent with the corridor's market positioning.
