Prestige Estates Signs Strategic Partnership for ₹6,000 Crore Residential Project Near Kolshet-Balkum Road, Thane
Prestige Estates Launches ₹6,000 Crore Development in Thane
Prestige Estates Projects Ltd announced a strategic partnership for a ₹6,000 crore residential project in Thane on July 29, 2026. The development, located near Kolshet-Balkum Road, carries an estimated Gross Development Value (GDV) of ₹6,000 crore and spans approximately 14.6 acres.
The 14.6-acre development near Kolshet-Balkum Road offers over 5 million square feet of space, combining residential and retail components. With a developable potential of over 5 million square feet, the project is positioned as one of the largest residential developments in the micro-market.
Scale and Expansion in MMR
This expansion reinforces the group's footprint in the Mumbai Metropolitan Region, adding to its existing pipeline of 227 million sqft. The project aims to cater to young professionals, first-time buyers, and growing families through a mix of residences and retail spaces.
Design and Amenities
The project will feature contemporary architecture, expansive landscaped open spaces, and world-class lifestyle amenities. It is designed to create a live-work-shop environment, integrating residential living with vibrant retail offerings.
The development is strategically situated to offer connectivity to key business districts, major road networks, educational institutions, and healthcare facilities.
Location: Kolshet-Balkum Corridor
Tucked between the green hills of Yeoor and the thriving urban spine of Thane, Kolshet Road has quietly become one of the most compelling addresses in the Mumbai Metropolitan Region. Over the last five years, this 4-kilometre corridor has transformed from a low-density township fringe into a fully serviced residential hub drawing young families, working professionals, and long-term investors in equal measure.
The conversion of Kolshet Highway into a six-lane highway has redefined accessibility. The strategic positioning, coupled with its proximity to the arterial Ghodbunder Road, has not only connected Kolshet to major hubs but has also laid the groundwork for a surge in infrastructural and real estate growth. Kolshet Road sits at the intersection of two of Thane's most critical arterials, Ghodbunder Road to the north and the Eastern Express Highway to the south, giving residents door-to-door access to wider metropolitan networks.
Infrastructure and Connectivity
The Kolshet-Balkum micro-market benefits from established social and commercial infrastructure. Ace Business Centre & ThaneOne Business Park are easily accessible, and proximity to Kolshet Industrial Area boosts employment options. Sarvodaya, Lodha World, & DAV Public schools are in the vicinity. Navjeevan & Hiranandani hospitals serve Kolshet Road areas. Lodha Boulevard, Viviana, & Korum malls are located in proximity.
The Thane Railway Station, a major interchange hub, is under 15 minutes away by road. A 25-acre town park in Kolshet will feature an Agri Koli Museum, science center, aquarium, and sports complex.
Market Context
The average weighted price of Apartments in Kolshet Road is ₹19,800/- per square feet. Spread across roughly 20 acres at the heart of Kalpataru Parkcity, the NaMo Grand Central Park — inaugurated in 2024 — is a publicly accessible green spine and the largest curated park in Thane.
Kolshet's green infrastructure, brand mix, and complete urban fabric position it among Thane's most future-ready addresses. By 2030, Kolshet Road is poised to remain the benchmark for sustainable urban design and planned growth in Thane.