Shapoorji Pallonji Real Estate (SPRE) has expanded its luxury footprint in Thane with the launch of Oyster. This premium residential tower is a key component of the Northern Lights township, a sprawling 4.8-acre development situated on the high-demand Pokhran Road 2. Thane has emerged as a powerhouse in the Mumbai Metropolitan Region (MMR), with residential property prices surging 46% over the last three years. In early 2025, average residential values in the city reached 19,800 per square foot, a sharp rise from 13,550 in 2022. The Pokhran Road micro-market specifically commands a premium, with rates often touching 23,800 per square foot due to its superior social infrastructure and lush surroundings. Oyster offers a range of configurations including 1, 2, and 3 BHK apartments. Entry prices for 2 BHK units at Northern Lights currently start at approximately 1.42 crore, while larger 3 BHK residences can reach 3.05 crore. This pricing aligns with current market trends where demand for under-construction luxury homes is outpacing ready-to-move-in inventory. The project is strategically positioned to benefit from massive infrastructure upgrades scheduled for 2025 and 2026. The upcoming Metro Line 4, connecting Wadala to Kasarvadavali, and the proposed Thane-Borivali Twin Tunnel are expected to reduce travel times significantly. Experts forecast that proximity to these transit hubs could trigger a further 15% to 20% appreciation in property values by 2027. Lifestyle remains a core focus, with the development offering over 60 international-standard amenities. Residents have access to a clubhouse, electronic gaming rooms, yoga decks, and a terrace barbecue area. The location provides seamless connectivity to the Eastern Express Highway and is less than 15 minutes from Thane Railway Station and major medical hubs like Jupiter Hospital. This launch comes as the Shapoorji Pallonji Group strengthens its financial position. The real estate arm recently initiated plans for a massive 8,000 crore IPO to fuel future growth and unlock value across its 142 million square foot development pipeline. The group continues to maintain a strong presence across India’s primary markets, including Mumbai, Pune, and Bengaluru. Thane's transformation into a self-sustained urban center is further supported by the growth of IT parks and corporate campuses like the 3-million-square-foot TCS facility nearby. This commercial expansion is driving a robust "live-work-play" ecosystem, ensuring steady rental yields and long-term capital gains for investors in the region.