Shapoorji Pallonji was founded in 1865 as a partnership firm called Littlewood Pallonji, and over the following 160 years the group evolved into one of India's most consequential construction and real estate enterprises. The company is known for building some of Mumbai's landmarks around the Fort area, including the Hong Kong Bank, Standard Chartered Bank, the Reserve Bank of India building, the Bombay Stock Exchange building, and the Taj Intercontinental. Its real estate development arm operates through SD Corp, a joint venture between the Shapoorji Pallonji Group and the Dilip Thacker Group, whose landmark The Imperial twin towers in Tardeo were designed by architect Hafeez Contractor. Incepted in 1999 with a focus on redevelopment projects, SD Corp's first major success was the MP Mill Compound, where the iconic Imperial Towers now stand. Completed in 2010, those towers held the record as the tallest structures in India at the time, featuring all-concrete construction with hexagonal floor plates and high-end amenities.
A joint venture of Shapoorji Pallonji and Dilip Thacker Group, SD Corp has executed some of India's most acclaimed real estate projects, with a key mission of being the developer of choice in the Mumbai Metropolitan Region by redeveloping communities, transforming lives and creating quality spaces. High-rise, premium residential towers like The Imperial Edge, The Lumiere, Alpine, Epsilon and Astron, dotting the skyline of Mumbai, are among the projects reflecting this mission. The group's arrival in Sewri is a deliberate extension of this strategy into the eastern waterfront — the next geography where large land parcels, infrastructure convergence, and relative undervaluation coexist.
SD Corp's residential project in Sewri is a premium development rising at the heart of a mega infrastructure transformation, backed by the legacy of Shapoorji Pallonji. The project — marketed under two related phases, Shapoorji SD Corp The Canvas Residences and Shapoorji The Canvas Residences — occupies 1.71 acres near Sewri Railway Station in Gandhi Nagar, Sewri West.
The Canvas Residences offers 2 BHK apartments of 616 to 626 sq ft and 2.5 BHK apartments of 810 to 844 sq ft, with RERA possession targeted for December 2026. The project spans a total of 232 units across G+22 floors, with 2 BHK carpet areas ranging from 626 sq ft to 821 sq ft. The project carries MahaRERA registration number P51900026182.
The amenity programme punches above its land footprint. Amenities include two clubhouses, a swimming pool, gym, meditation area, sky lounge, barbeque corner, jogging track, and a kids' play area. Podium parking is provided within the development. Internally, units come with modular kitchens, granite surfaces, stainless steel sinks, vitrified tiles, and CCTV coverage. The apartments are designed to be Vastu compliant with ample natural light and zero space wastage.
On pricing, average transacted prices for The Canvas Residences moved from ₹38,750/sq ft to ₹40,950/sq ft in Q4 2025, and further to ₹42,450/sq ft in Q1 2026 — a 3.66% rise quarter-on-quarter. This trajectory places the project firmly within Sewri's broader price band.
For much of its history, Sewri was a place of docks, warehouses and industrial hustle rather than promenades or skyline vistas — but that is changing, as a new wave of transport infrastructure combined with long-standing redevelopment plans has finally turned attention to the eastern edge of Mumbai.
The single most consequential catalyst is the Atal Setu. The transformation gained real momentum after the opening of the Mumbai Trans Harbour Link (MTHL) on 12 January 2024 — a 21.8-kilometre, six-lane sea bridge connecting Sewri and Nhava Sheva, shortening a journey that once took nearly two hours to just twenty minutes, giving South Mumbai a direct surface-road connection to Navi Mumbai and the upcoming Navi Mumbai International Airport, with Sewri as the logical pivot of the city's eastern resurgence.
Two further infrastructure projects reinforce Sewri's connectivity story. The Sewri-Worli Elevated Corridor is a critical feeder route that will link the Mumbai Trans Harbour Link to South Mumbai, offering seamless movement between the city and Navi Mumbai. As per recent MMRDA progress updates, the connector is over 55–60% complete; once operational, it is expected to reduce a 40–60 minute east–west commute to just 8–10 minutes. Additionally, major employment hubs like Lower Parel and BKC lie just 10 to 14 km away, with the Eastern Freeway and Harbour Line already operational, and 37 kilometres of Metro routes expected to be functional, further improving Sewri connectivity and commutes.
The project site itself sits close to multiple transport touchpoints. The Canvas Residences is located near Sewri Railway Station in Gandhi Nagar, with the Eastern Freeway 950 metres away, Tata Hospital 1.7 km distant, and the Eastern Express Highway 2.2 km from the site.
Average apartment rates in Sewri have climbed to around ₹44,550 per sq ft, with evidence of approximately 5.9% year-on-year growth; resale data show recent transactions averaging ₹36,250 per sq ft across 79 deals over six months. Against this backdrop, Sewri offers waterfront living at 40–50% lower entry prices compared to Worli, where averages run ₹70,000–₹1,20,000 per sq ft versus Sewri's ₹36,000–₹55,000 per sq ft range.
The Mumbai Port Trust land unlocking premium waterfront development potential across 1,800-plus acres adds a longer-term dimension to the location thesis. The transformation of Sewri is part of the larger Eastern Waterfront redevelopment plan that envisions promenades, public parks and recreational spaces along a 10-kilometre stretch from Colaba to Wadala. The protected Sewri mudflats attract thousands of migratory flamingos each winter from October to March, while the 17th-century Sewri Fort adds historical texture to the neighbourhood.
Shapoorji Pallonji The Canvas Residences, L&T The Gateway, and Rustomjee Sewri lead the new luxury launches in 2025 in this locality. The presence of multiple institutional-grade developers in the same micro-market is itself a signal of underwriting confidence in Sewri's trajectory.
The Canvas Residences is developed by the Shapoorji Pallonji Group, which has over 55 years of real estate experience and more than 39 completed projects across Ahmedabad, Gurugram, Bengaluru, Mumbai, and Pune. The group's broader portfolio in Mumbai includes projects in Kandivali East (Sarova township with 2,236 units), Mulund West (Mumbai Dreams and Heartland), Bandra East (BKC 9), and Santacruz East (Nine Arcs) — a spread that spans entry-level Joyville homes to ultra-luxury Imperial towers. Sewri, with its combination of infrastructure-led appreciation and waterfront land scarcity, sits at the premium end of that range.
Shapoorji Pallonji and the Dilip Thacker Group have partnered to form SD Corp, a real estate firm with over 150 years of combined experience. For buyers, that pedigree translates into a construction quality benchmark — engineering achievements on The Imperial included high-point concrete pumping to 300 metres, contributing to the towers' status as early exemplars of super-high-rise residential development in India. The Canvas Residences in Sewri draws from that same construction DNA, applied to a mid-rise boutique format suited to the locality's current scale and character.
