25 Estates in Khalapur, Raigad: Hubtown's Weekend-Home Project Is Still in Planning

Launch status

25 Estates has been listed as an upcoming launch rather than an open project. In November 2025, management said a luxury weekend-homes project in the Khalapur region of MMR was one of two ultra-luxury offerings planned for FY27. Hubtown's press release of 10 December 2025 listed 25 Estates among its upcoming launches, describing it as a low-density ultra-luxury project on about 300 acres.

The developer's FY2024-25 annual report described the project as being in the design stage. The FY2025-26 annual report moved it to advanced planning. As of October 2026, the project has not been announced as launched, and no MahaRERA registration has been reported.

Developer and project scale

Hubtown Limited, formerly Ackruti City Limited, is a Mumbai-focused developer that has been listed on the NSE and BSE since 2007. The company reports that its strategic land reserve stands at 346.94 acres. Its stated focus areas are the Mumbai Metropolitan Region, Pune and Gujarat.

Land size is reported differently across filings. The December 2025 release cites about 300 acres. The FY2025-26 annual report table lists 174 acres with 2.67 million sq ft of development potential. Earlier articles have cited 175 or 200 acres.

In November 2025, management said 100 more acres had been bought adjoining 25 Estates, with the deal closing the previous day.

Location and road access

Khalapur sits in Raigad district, on the Mumbai end of the Mumbai-Pune Expressway. The Khalapur toll plaza, also known as Pali Phata, is about 78 km from Pune along the expressway.

• The Missing Link bypass opened on 1 May 2026. The developer's sources say it cuts about 5.7 km from the Mumbai-Pune drive and saves 25 to 30 minutes for cars, passenger vehicles and buses.
• Goods trucks still use the old ghat road, and access arrangements for them are under review from 1 November 2026.
• National Highway 48 and Maharashtra State Highway 104 link Khalapur to other cities.

Karjat, on the Central line, is the nearest major rail terminus. The train journey from Karjat to CSMT in Mumbai takes about 1 hour 45 minutes to 2 hours. Bhivpuri Road station is about 10 minutes away by road. Khalapur has no metro station.

Infrastructure in the corridor

• Navi Mumbai International Airport was inaugurated on 8 October 2025 and began commercial passenger operations on 25 December 2025. Phase 1 capacity is about 20 million passengers a year, scaling to 90 million across four phases. Khalapur is about 51 km from the airport.
• Panvel-Karjat suburban rail line is a 29.6 km double-track project under MUTP-3 with five stations: Panvel, Chikhale, Poyanje, Chowk and Karjat. It is reported as 99 percent complete, with a target completion of December 2026. Travel time between Panvel and Karjat is expected to fall to about 35 to 40 minutes.
• MMRDA Draft Development Plan 2021-2046 covers notified villages in the Khalapur and Karjat talukas. It remains at the draft stage, and no adoption date has been set.
• CIDCO's Khalapur Smart City is an integrated township being built by the City and Industrial Development Corporation of Maharashtra.
• Karjat-Mumbai-Pune semi-high-speed rail is at the discussion and survey stage.
• The Khopoli Freehold Industrial Area sits near NH-4, about 80 km from Mumbai.

Local market context

Published asking-price estimates for Khalapur range from about ₹6,200 to ₹6,600 per sq ft. One estimate for apartments in Khalapur, Navi Mumbai, puts the year-on-year change at -1.6 percent. These figures are undated and based on active listings, so they show only a rough picture.

Nearby projects offer a reference point. Indiabulls Golf City lists a 3 BHK house of 2,448 sq ft at about ₹2.65 crore, or roughly ₹9,599 per sq ft. Lodha Villa Cerro, a 25-acre gated villa estate in Khalapur, lists 3 to 5 BHK villas from ₹6 crore. 25 Estates has not published its own pricing.

Developer finances

Hubtown has delivered 47 developments and reports 7.13 million sq ft of ongoing development as of 30 June 2026. Its FY27 pre-sales target is ₹6,000 crore.

Q1 FY27 consolidated revenue was ₹1,556.2 crore, down 17 percent from ₹1,874.1 crore a year earlier. Total borrowings stood at about ₹5,181 crore at 30 June 2026. The statutory auditor has raised a qualified conclusion over the non-provision of ₹5.28 crore in interest on certain inter-corporate deposits.

On the Q1 FY27 earnings call of 4 August 2026, management said about ₹500 crore each was expected from the Thane project 25 Chalet and from the second-homes project 25 Estates.