Overview
- The company signed a joint development agreement to build a largely residential, large-format project in Thane, Mumbai.
- The landowner party to the agreement was not disclosed in the regulatory filing.
- The site is positioned near existing and planned connectors including the Thane–Wadala Metro, the Thane–Borivali twin-tube tunnel, the Thane Coastal Road and the Mumbai–Ahmedabad Bullet Train station at Thane.
- This becomes the developer’s fourth project in Thane, aligning with its push into high-potential micro-markets.
- Recent momentum supports the expansion, with sales bookings up 25% to ₹24,008 crore in the first nine months and management expressing confidence in a ₹32,500 crore FY25–26 target.