Oberoi Realty Thane: Real Estate News & Booking Trends

There is a particular kind of anticipation that settles over Pokhran Road and Kolshet Road whenever Oberoi Realty announces a new tower in Thane, and the last two years have given homebuyers plenty to watch. The developer's two flagship addresses in the city, Forestville on Kolshet Road and the sprawling Oberoi Garden City on Pokhran Road No. 2, have together turned Thane into one of the most closely tracked micro-markets in the Mumbai Metropolitan Region, with booking figures that read less like real estate statistics and more like a barometer of how India's premium housing buyer is thinking right now.

The most dramatic moment came on October 18, 2024, when Oberoi Realty sold luxury homes worth Rs 1,348 crore in its newly launched 75-acre residential project at Thane, recording a gross booking value of around Rs 1,348 crore for 5.65 lakh sq ft over the first three days. The project, aptly named Jardin at Oberoi Garden City Thane, spans 75 acres and is set to establish new standards in luxury living with over 30 world-class amenities, a 5-star deluxe JW Marriott Hotel and an exclusive private membership club. The first phase consists of five residential towers with large gardens, and the residences have three-bedroom and three-bedroom-plus-studio units starting at 1,475 square feet, rising over 65 storeys. At launch, Oberoi Realty launched only the 3BHKs and 3BHK+Studio apartments, with prices for 3 BHKs beginning at Rs 3.23 crore while the 3BHK+Studio apartments started at Rs 4.30 crore.

Just under a year earlier, the company had already set the stage for this momentum with Forestville. The recent trigger for the stock's rally was the launch of the Kolshet project in Thane called Forestville in November, which has a total saleable area of 2.5 million square feet and a gross development value of over Rs 3,600 crore at launch price. Analysts at the time flagged just how aggressively the project was priced for a market this competitive: while the competitive intensity in the micro market is very high, Oberoi launched at aggressive pricing with luxury project specifications, which IIFL Research expected to drive 30 per cent growth year-on-year for FY24. That bet has largely played out in price appreciation on the ground. Property data now shows during Q1 2026, average property prices for Oberoi Forestville moved from Rs 22,950 per sq ft to Rs 26,150 per sq ft, reflecting a 13.94% rise, and construction has kept pace, with structural works reaching 68% completion, external works at 14%, and MEP services including lifts and staircases 9% done. Buyer appetite has been just as visible at Garden City, where during Q1 2026, average property prices moved from Rs 20,100 per sq ft to Rs 26,750 per sq ft, a 33.08% rise.

Zooming out to the company level explains why Thane keeps commanding this attention. Oberoi Realty's overall booking trajectory through FY26 tells a story of a slow first half followed by a sharp late rally. The company recorded a booking value of Rs 2,937.74 crore for H1FY26 against Rs 2,509.45 crore for H1FY25, with early momentum coming largely from Mumbai: during Q1FY26 the company launched Tower D at the Oberoi Elysian project in Goregaon and sold Rs 1,000 crore worth of housing units at launch, with 181 units booked across a carpet area of 3.53 lakh square feet for a gross booking value of Rs 1,639 crore. The real surprise came at year-end. Oberoi Realty reported gross bookings of Rs 1,673 crore for Q4 FY26, a year-on-year increase of 96.13%, recording bookings for 229 units, up from 78 units in Q4 FY25, with carpet area booked rising 160.37% year-on-year. For the full year, Oberoi Realty reported total bookings of Rs 5,447 crore, slightly higher than Rs 5,281 crore in FY25, though total units booked declined to 698 from 929 in the previous year — a pattern analysts read as a shift in buyer preference toward larger or premium properties, even as overall unit volumes declined annually.

What does this mean if you are actually house-hunting in Thane right now, rather than reading a quarterly filing? First, the price trajectory at both Forestville and Garden City suggests that early-phase buyers who booked in 2023 and 2024 have already seen meaningful appreciation, and later towers in the same projects are launching at correspondingly higher price points. Second, the completion data on Forestville — nearing 70% on structural work — signals that possession timelines are advancing in step with sales, a reassurance for buyers wary of delayed luxury launches elsewhere in the MMR. Third, the sheer scale of Garden City, envisioned as homes with over 30 world-class amenities, a 5-star deluxe JW Marriott Hotel Thane Garden City and an Oberoi International School, means Oberoi is effectively building a self-contained township rather than a single tower, which typically supports long-term value in a way isolated projects cannot.

Looking ahead, the developer's own market commentary points to continued expansion in and around Thane. The company's investor updates reference a broader FY27 pipeline spanning multiple cities, with Thane named alongside Mumbai, Alibaug, and Gurugram as a focus market for new launches in the coming fiscal year. For prospective buyers, this suggests that the current phase of Garden City and Forestville may not be the last word — later towers, and possibly entirely new parcels along the Ghodbunder Road and Pokhran Road belt, are likely to follow the same template of phased launches with steep early-phase appreciation.

For a homebuyer weighing a purchase in Thane today, the practical takeaway is straightforward: Oberoi Realty's Thane bets have consistently sold out early inventory within days of launch, and price movements on both active projects have outpaced typical MMR appreciation over the past year. That combination of demand and delivery discipline is precisely why brokers and analysts continue to treat every Thane announcement from this developer as market-moving news rather than routine project update.