House of Swamiraj Signs ₹180 Cr Thane Redevelopment Deal for Premium Residential Project
House of Swamiraj has signed a ₹180 crore development agreement with Prakash CHS and Sargam CHS, two established housing societies in Thane. The premium residential project will come up on a 2,000 sq. mtr plot off Pokhran Road, Thane West. The agreement, signed in the presence of directors Jason Samuel, Ajay Kedare, Gordon Monteiro, and Rajesh Wayal, marks the group’s second major milestone in just three months.
Strategically located along one of Thane’s most sought-after residential corridors, the project will cater to rising demand for lifestyle-focused housing with modern design, premium amenities, and long-term value. The development reinforces House of Swamiraj’s vision of creating benchmark projects that benefit both homebuyers and investors.
Jason Samuel, Director, House of Swamiraj, said, “Signing this Rs. 180-crore development agreement is not just about adding another project to our portfolio; it reflects the confidence that homebuyers and investors place in our vision. Thane today is at the heart of one of the most exciting urban transformations in India. The city has moved far beyond being a suburban extension of Mumbai and is now a self-sustained residential and business hub with world-class infrastructure, connectivity, and lifestyle options. With rising demand for premium housing, buyers are no longer looking only at square footage; they are seeking quality spaces that support modern aspirations and long-term value. This project on Pokhran Road will embody that shift, blending design, reliability, and lifestyle to set a new benchmark for what premium living in Thane should represent.”
Thane continues to assert itself as MMR’s real estate hotspot, with average residential prices rising 46 percent in just three years, from approximately Rs. 13,550 per sq ft in Q2 2022 to Rs. 19,800 per sq ft by Q2 2025. Micro-markets such as Pokhran Road command even higher values, averaging around Rs. 20,700 per sq ft. Demand is also shifting strongly toward premium and luxury housing. In the first half of 2025, the premium segment, which includes homes priced above Rs. 1 crore, accounted for 62 percent of all real estate sales across India. This pricing and sales trend aligns closely with House of Swamiraj’s positioning of its new project as both aspirational and investment-smart.
House of Swamiraj already boasts a strong pipeline across the MMR, delivering innovative residential and mixed-use developments that balance thoughtful design, trusted construction, and lifestyle-oriented amenities. The new Thane West project is backed by solid financial commitment and development capability, reinforcing the brand’s appeal to both end-users and investors seeking premium opportunities.
