Oberoi Realty's Landmark Launch: Rs 1,348 Crore in Sales in 3 Days at Oberoi Garden City Thane
Oberoi Realty's Landmark Launch: Over Rs 1,348 Crore in Sales in Just 3 Days at Oberoi Garden City Thane
Oberoi Realty, a prominent Mumbai-based real estate developer, has marked a major milestone with the launch of its 75-acre luxury housing project, Oberoi Garden City Thane. In a stunning three-day sales period, the company recorded gross sales worth Rs 1,348 crore for 5.65 lakh square feet of residential space, making it one of the most successful launches in the region.
The project, which debuted on October 18, 2024, has generated overwhelming interest, with more than 50% of the launched area already sold. This exceptional response highlights the growing demand for high-end residences in Thane, a region increasingly recognized as a prime location for luxury living.
Details of the Project and the Launch
Oberoi Garden City Thane will be developed in multiple phases, with the first phase comprising five residential towers that promise expansive gardens and luxurious amenities. The residences in this phase will feature spacious 3-bedroom and 3-bedroom + studio apartments, starting from 1,475 sq. ft. and rising over 65 storeys. Prices for the 3BHK apartments begin at Rs. 3.23 crore, while the 3BHK + Studio apartments are priced starting at Rs. 4.30 crore (excluding GST and other charges).
The first weekend sales surpassed expectations, reflecting both the growing demand for luxury homes in Thane and the high desirability of Oberoi Realty’s developments. Strong interest was seen across various unit types, with particularly high demand for the larger units.
Oberoi Garden City Thane: A Premier Lifestyle Destination
The Oberoi Garden City Thane development offers more than just luxurious homes; it is designed as a complete, self-sustained township with top-tier amenities and facilities that elevate the living experience for its residents. Key features include:
- World-Class Amenities: The development boasts over 30 premium amenities, including fitness and wellness centers, recreational spaces, and multi-purpose gardens. Residents will also have exclusive access to a clubhouse that provides a range of leisure and fitness facilities.
- JW Marriott Hotel Thane Garden City: As part of the integrated township, JW Marriott will offer five-star luxury hospitality, providing residents and visitors with high-end dining, wellness, and event spaces. Learn more about JW Marriott Thane Garden City.
- Private Membership Club: A premium, paid membership club will be available to residents and non-residents, offering a range of exclusive services and recreational activities. Additionally, Jardin residents will have priority access to this club.
- Oberoi International School: Residents of Oberoi Garden City Thane will enjoy priority admissions to the Oberoi International School, ensuring access to high-quality education for their children.
- Green Spaces and Sustainable Living: The development focuses on sustainability, with an emphasis on landscaped gardens, nature trails, and eco-friendly designs that promote a balanced, wellness-oriented lifestyle.
A Surge in Demand: Thane as a Luxury Real Estate Hub
The extraordinary sales performance at Oberoi Garden City Thane is indicative of the larger trend taking place in Thane. The region, which was once considered a more affordable alternative to Mumbai, is now rapidly emerging as a luxury destination in its own right. A combination of improved infrastructure, rising demand for premium living, and proximity to key commercial centers has positioned Thane as a hotspot for high-end real estate.
Several factors are driving this transformation:
- Corporate Growth: Major global companies, including Amazon, have recently acquired significant land parcels in Thane. This has further bolstered the region’s appeal to both professionals and businesses looking for proximity to Mumbai, while still enjoying the spaciousness and greenery of suburban living. Learn about Amazon’s expansion into Thane.
- Improved Connectivity: Thane benefits from excellent connectivity to Mumbai via multiple highways and rail networks, with new infrastructure projects such as the Mumbai Metro and Trans-Harbour Sea Link further enhancing accessibility to key commercial hubs like Bandra-Kurla Complex (BKC) and Lower Parel. Explore more about Thane's connectivity.
- Luxury Developments: With projects like Oberoi Garden City Thane, the area is seeing a surge in luxury residential offerings, leading to an overall increase in property values. As more premium developments emerge, Thane is becoming an attractive destination for affluent homebuyers and investors. Discover more about Thane's real estate boom.
Oberoi Realty’s Continued Success and Vision
Oberoi Realty has proven itself as a leader in Mumbai's luxury real estate market, known for its high-quality developments, including the uber-luxury Three Sixty West in Worli. With the success of Oberoi Garden City Thane, the company continues to set new benchmarks in luxury living. The strong sales figures from the launch reflect investor confidence in the brand’s ability to deliver on its promises.
The company has also shown remarkable performance in its financial results, with a 28% increase in net profit for the September quarter, signaling strong growth potential in both residential and commercial segments. The company is also expanding its commercial portfolio, with the International Business Park at Oberoi Garden City adding a new dimension to its offerings. Learn more about Oberoi Realty’s commercial developments.
Conclusion: A New Era for Thane’s Real Estate Market
The launch of Oberoi Garden City Thane marks a significant milestone in the evolution of Thane as a luxury real estate destination. With its impeccable design, world-class amenities, and exclusive offerings, Oberoi Garden City Thane is setting a new standard for high-end living in the region. As demand continues to grow, Oberoi Realty’s focus on creating integrated communities and sustainable living spaces