Oberoi Realty on November 20 announced the launch of Forestville by Oberoi Realty, a luxury residential project in Kolshet area of Thane, near Mumbai. The project will be spread across 18 acres and consist of five residential towers predominantly having 3 BHK apartments starting Rs 1.87 crore, the company said in the statement.
According to the company, it has now launched first phase of this development consisting of three towers. The apartments at Forestville will comprise mainly spacious three-bedroom apartments starting from 1,090 sqft and costing upwards of Rs 1.87 crore.
“We are excited to foray into Thane with Forestville by Oberoi Realty at Kolshet. We have transformed locations into destinations and now are poised to change the landscape of Thane. By combining cutting-edge design, space planning and biophilic design principles, we aspire to promote healthier lifestyles, an enhanced quality of life and eco-conscious living at Forestville by Oberoi Realty," said Vikas Oberoi, chairman and managing director of Oberoi Realty.
Also read: Oberoi Realty forays into NCR with 14.81-acre Gurugram land for luxe housing
During the Q2 conference call Oberoi Realty had announced that it was coming up with 3 BHK apartments and studio apartments next to them. "We also believe that the micro market in Kolshet is not addressing this particular product. People are making a product that is - it's a combination of 1 BHK, 2 BHK,3 BHK and 4 BHK. 4 BHK being probably 2 percent or 5 percent of their entire product. 3 BHK being another 20 percent, but the majority is 2 BHK and 1 BHK. So, we feel that a product of this sort will do well in this market, and that's what we are focusing on," it said.
Also read: Oberoi Realty's second mall in Mumbai expected to open in mid-2024
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