Sugee Group has announced its entry into Thane with a 50+ acre waterfront development in Thane West, marking a strategic expansion by the Mumbai-based real estate developer into one of the Mumbai Metropolitan Region’s rapidly evolving markets.
The development, planned around Siddheshwar Lake, is envisioned as an integrated, globally benchmarked ecosystem that will combine premium commercial spaces, connectivity, landscape and urban infrastructure. The project will mark Sugee Group’s commercial debut in Thane.
The developer plans to position the project as a Grade A+ commercial destination catering to the growing requirements of MSMEs, multinational corporations and expanding enterprises. The development is aimed at businesses seeking premium and professionally planned workspaces without the high entry barriers associated with Mumbai’s commercial real estate market.
Sugee Group said the project will seek to strengthen Thane’s emergence as a major business destination, with the company positioning the city as “New India’s City of Economic Growth – Thane is N.I.C.E.”
The project is expected to benefit from Thane’s expanding infrastructure network. Sugee highlighted upcoming metro connectivity, including Maharashtra’s first ring metro, the Thane-Borivali twin tunnels, the Thane coastal road, planned waterways and ports, the Mumbai-Ahmedabad High-Speed Rail corridor and connectivity to the airport as key factors supporting the city’s growth.
The 50+ acre development will be anchored by Siddheshwar Lake in Thane West. According to Sugee, the lake will form an integral part of the project’s planning and identity, with the development designed to bring together urban infrastructure and the surrounding natural landscape.
The architectural vision for the project is being developed under the guidance of architect Hafeez Contractor, who has been awarded the Padma Bhushan. The project draws inspiration from international business districts such as Canary Wharf in London and Hudson Yards in New York, where commercial spaces are planned as integrated ecosystems combining offices, infrastructure, connectivity and public realm.
Nishant Deshmukh, Founder and Managing Partner, Sugee Group, said Thane’s residential growth is now being accompanied by the emergence of a stronger commercial ecosystem. He said the company’s objective is to introduce premium commercial spaces that can support the city’s next phase of economic growth.
Hafeez Contractor said Siddheshwar Lake provides the project with a natural anchor and that the design is intended to integrate the waterfront into the identity and experience of the district. The vision, he said, is to create a commercial destination where connectivity, landscape and built form work together.
Sugee Group’s entry comes as Thane undergoes significant infrastructure-led transformation. The company believes the combination of improving connectivity, expanding business activity and rising demand for quality commercial spaces could create opportunities for the city’s next phase of development.
The proposed project is also intended to evolve beyond a conventional commercial development. Sugee said its larger vision is to create an integrated, globally benchmarked mixed-use ecosystem that can contribute to Thane’s long-term urban and economic growth.
Sugee Group currently has more than 50 million sq. ft. of completed and ongoing developments and a portfolio of over 60 projects across India and international markets, including the UAE and Portugal. The company has received more than 28 industry awards and has a workforce of over 400 employees.
With its Thane entry, Sugee is seeking to leverage its experience across the real estate development lifecycle to establish a new commercial destination in the city. The company said the project is intended to address current business requirements while contributing to Thane’s broader transformation into a major economic and commercial hub.
