Project Launch
Prestige Group announces ₹6,000-crore Kolshet township in Thane West; July 2026 launch
Prestige Group announced in July 2026 a project with an estimated value of ₹6,000 crore and over 5 million sq ft of planned built-up area, positioned as one of the biggest new launches in the MMR. The development is spread over approximately 14.5–14.6 acres on the Kolshet–Balkum corridor in Thane West, marking the developer's flagship entry into the Thane residential market.
| Project Value | ₹6,000 crore estimated GDV |
|---|---|
| Land Parcel | 14.5–14.6 acres |
| Built-up Area | 5 million+ sq ft (phased) |
| Configurations | 2, 3 and 4 BHK homes |
| Tower Count | 9 towers planned |
| Announcement Date | 29 July 2026 |
| RERA Status (as of Sept 2026) | Pre-launch; registration awaited |
| Price Band | Not officially announced; indicative range ₹1.59 crore onwards (developer portal) |
| Possession Timeline | Not officially announced; phased delivery expected 2027–2034+ (typical for 5M sq ft townships) |
Project Overview
Prestige Kolshet marks Prestige Group's flagship entry into Thane — a large-scale residential and retail township spread over approximately 14.5–14.6 acres on the Kolshet–Balkum corridor in Thane West. Organised across multiple towers, the development offers 2, 3 and 4 BHK homes designed to maximise light, ventilation and views of the surrounding landscape.
Each residence is conceived as part of a larger, self-contained community anchored by a grand clubhouse with curated amenities, landscaped gardens, and dedicated retail spaces for everyday needs.
Location & Connectivity
The project is located on Kolshet-Balkum Road, Thane West, Maharashtra, with access to Ghodbunder Road, the Eastern Express Highway and Thane Railway Station. The locality offers access to Ghodbunder Road, the Eastern Express Highway and Thane Railway Station, making it convenient for daily commuting across Thane and the wider Mumbai Metropolitan Region.
Kolshet Gaon in Thane West is a rapidly developing residential and commercial locality known for its growing infrastructure, connectivity, and proximity to business hubs. Located along Kolshet Road, the area provides seamless access to Ghodbunder Road, Eastern Express Highway, and Thane Railway Station, making it well-connected to Mumbai, Navi Mumbai, and industrial zones.
Configurations & Specifications
Indicative layouts show 2 BHK (~700 sq ft, 2 bed, 2 bath) for couples and small families; 3 BHK (~1,000 sq ft, 3 bed, 3 bath) with family-friendly layout; and 4 BHK (~1,500 sq ft, 4 bed, 4 bath, study and pooja room) for luxury living.
Exact carpet areas have not been officially announced yet. The project is planned across 9 towers with 5M+ sq ft of planned built-up area.
Amenities & Design
A grand clubhouse with recreation zones, sports courts, jogging track, kids' play areas, senior citizen zones, and event spaces for all ages. Central green, themed gardens, reflexology path and podium landscaping across ~60% open space.
Facilities include rainwater harvesting, solar lighting for common areas, waste management and EV charging.
Pricing & Possession
Pricing has not been officially announced. The developer does not publish unverified third-party price figures; interested buyers should contact the team for the latest information and confirm final pricing against the developer's MahaRERA filing before making any payment.
Indicative pricing from ₹1.59 crore onwards is mentioned ahead of official MahaRERA launch pricing. Kolshet Road currently transacts at roughly Rs 18,000 to Rs 22,000 per sq ft, and a Prestige launch would plausibly sit at Rs 20,000 to Rs 24,000 per sq ft.
A 5-million-sq-ft phased township typically means the first phase completes 4–5 years after construction starts, with later phases running 8–12 years out.
RERA Status & Pre-Launch
Prestige Kolshet is currently at the upcoming, pre-launch stage in Thane; MahaRERA registration will be published as the project moves through the formal launch process. Buyers should not pay an expression-of-interest or pre-launch booking amount until a RERA registration number exists and can be looked up on the official MahaRERA portal.
Prospective buyers are advised to read the commencement certificate and the approved plan sanctioned by the Thane Municipal Corporation, and ask for the title certificate and the development agreement before proceeding.
Developer Profile
Prestige Group (Prestige Estates Projects Ltd, NSE: PRESTIGE) is an established Indian real-estate developer founded in 1986, with a portfolio spanning residential, commercial, retail and hospitality developments across 15+ cities including Bangalore, Chennai, Kochi, Calicut, Hyderabad, Mumbai, Mangalore, Goa and Delhi-NCR.
The Prestige Group has completed 300+ projects spanning a developable area of 200+ mn sqft and has 56 ongoing projects across segments, with a total developable area of 86 mn sqft. Further, it is planning 43 projects spanning 85 mn sqft and holds a land bank of over 728 acres as of Sep-23.
Locality Context: Kolshet Road Market
Kolshet Road is a prominent housing hub in Thane, known for its robust connectivity, sound infrastructure and proximity to employment zones. The road stands tall with a plethora of renowned educational institutions, including Rainbow International School, Orchids International School, and Amber International School.
Highland Super Speciality Hospital, Metropol Multispeciality Hospital, and Hiranandani Hospital are easily accessible. R-Mall Thane West, Viviana Mall, and Korum Mall provide a diverse shopping experience, from daily essentials to indulgent retail therapy.
The average property price in Kolshet Road is around ₹20,500 per sq ft. Property prices generally range between ₹45.87 Lakhs to 26.5 Crore, depending on the project, property type, and exact location within the locality.
Development phases
Frequently asked questions
What is Prestige Kolshet's current status?
Prestige Kolshet is currently at the upcoming, pre-launch stage in Thane; MahaRERA registration will be published as the project moves through the formal launch process.
When was the project announced?
Prestige Estates Projects announced the development for the Kolshet-Balkum belt of Thane West on 29 July 2026.
What sizes and configurations are planned?
The development offers 2, 3 and 4 BHK homes designed to maximise light, ventilation and views of the surrounding landscape. Indicative areas range from ~700 sq ft (2 BHK) to ~1,500 sq ft (4 BHK).
Has a price been announced?
Pricing has not been officially announced. The developer does not publish unverified third-party price figures. Indicative pricing from ₹1.59 crore onwards is mentioned ahead of official MahaRERA launch pricing.
What is the possession timeline?
A 5-million-sq-ft phased township typically means the first phase completes 4–5 years after construction starts, with later phases running 8–12 years out. Official possession dates will be announced after RERA registration.
Why should I wait for RERA registration before booking?
Buyers should not pay an expression-of-interest or pre-launch booking amount until a RERA registration number exists and can be looked up on the official MahaRERA portal. This ensures legal transparency and buyer protection.
How does this project fit in the Kolshet Road corridor?
A listed national developer entering with a retail-inclusive masterplan raises the corridor's profile, brings a large amenity deck and typically pulls the whole micro-market's price benchmark up. On the negative side, five million square feet released over a decade is a lot of competing inventory when you eventually try to sell, and it will cap how fast resale prices can run.