The waterfront development is envisioned as an
integrated, globally benchmarked ecosystem around Siddheshwar Lake
Mumbai, July 27, 2026: Sugee Group, a Mumbai
based global developer with an expanding footprint from Mumbai, Lisbon and the
United Arab Emirates, has marked its strategic entry into Thane, signalling a
significant new chapter in its growth journey. Known for its strong execution
and premium developments across high-impact locations in Mumbai like
Chhatrapati Shivaji Maharaj Park, Dadar, Matunga, Worli and Mulund, Sugee’s
foray into Thane is part of a strategic expansion into one of the region’s most
dynamic and fast-maturing markets, reinforcing its commitment to developing
future-ready business ecosystems beyond traditional city hubs.
Marking its commercial debut, Sugee Group will develop a marquee
project in Thane West, envisioned as a landmark business destination offering
premium workspaces and advancing Thane as New India’s City of Economic Growth — Thane is N.I.C.E.™
Positioned as a Grade A+ commercial offering, the project answers
rising demand for premium commercial space in an emerging business district – a
compelling value proposition for New India’s enterprises, delivering superior
workspaces with seamless connectivity to the city and its industrial belts. It
bridges a critical market gap for MSMEs, MNCs and growing enterprises that
aspire to scale within professional, well-planned infrastructure but are
constrained by the high entry barriers of Mumbai's commercial real estate. This
momentum is underwritten by Thane's transforming infrastructure: upcoming metro
lines including Maharashtra’s first ring metro, Thane-Borivali twin tunnels,
the Thane coastal road, planned waterways and ports the Mumbai–Ahmedabad
High-Speed Rail (Bullet Train) corridor and seamlessly access to the airport –
all fuelling demand from businesses and consumers alike.
Drawing inspiration from globally recognised business districts such
as Canary Wharf in London and Hudson Yards in New York, where integrated
planning, seamless connectivity and premium infrastructure combine to create
thriving ecosystems. Anchoring this vision is Siddheshwar Lake in Thane West,
the defining natural waterbody around which the expansive 50+ acres development
is planned, creating a distinctive waterfront destination that seamlessly
blends urban infrastructure with the surrounding landscape. The project's
architectural vision has been developed under the guidance of Padma Bhushan
recipient Ar. Hafeez Contractor, reinforcing Sugee's commitment to creating a landmark
commercial destination that combines design excellence with long-term urban
value.
Commenting on the development, Nishant Deshmukh, Founder and Managing
Partner Sugee Group said, “Thane has emerged as a strong
residential-led market, and its commercial ecosystem is now entering an
exciting new phase of growth. We saw a powerful opportunity to introduce a new
standard for commercial spaces that not only serve existing demand but also
catalyses the city’s next phase of growth through real estate. This is more
than a market entry for us; it is a long-term commitment to Thane's rise as New
India's City of Economic Growth – Thane is N.I.C.E.™, and we intend to deliver
it with the premium positioning, disciplined execution and timely delivery that
define everything we build.”
Commenting on the architectural vision, Ar. Hafeez Contractor said,
“Siddheshwar Lake gives this site a rare natural anchor, and our design allows
the waterfront to shape the identity and experience of the district rather than
simply remain at its edge. The vision is to create a commercial destination of
international quality that feels open, human and enduring, where connectivity,
landscape and built form come together seamlessly as one integrated
environment. More than a workplace, it is designed to make the everyday work
experience more engaging and more connected to nature. I believe there is no
commercial development of this kind in Thane, Mumbai or even in India today.
Thane deserves architecture that reflects its scale, ambition and future, and
we are designing for how the city will live, work and grow over the decades
ahead.”
With over 50 million square feet of completed and ongoing
developments, and a diversified portfolio spanning over 60 projects across
India and global markets, including the UAE and Portugal, Sugee Group is now
poised to tap into Thane’s rapidly evolving urban ecosystem, drawing on deep
expertise across the entire real estate lifecycle. Having received over 28
industry-recognised awards and supported by a workforce of more than 400
employees, Sugee Group has established a strong presence in the real estate
sector. The company has successfully delivered all its projects, on time
reflecting its consistent focus on time delivery and quality.
Sugee Group aims to leverage all the tailwinds to build a development
that meets today's commercial needs while meaningfully contributing to Thane's
long-term economic and urban growth. More than a commercial address, Sugee’s
maiden project in Thane is part of a larger vision to create an integrated,
globally benchmarked development designed to evolve into a dynamic mixed-use
ecosystem, and to help shape the next chapter of the city itself.
About Sugee Group:
Established in 1986, the journey of Sugee Group spans over four
decades, evolving into one of Mumbai's fastest-growing real estate groups. With
a presence in Mumbai, UAE, and Portugal's most sought-after locations, we
specialize in premium developments in high-impact locations. Guided by a
customer-first philosophy, Sugee Group is built on the pillars of perseverance,
integrity, and transparency — consistently delivering homes on time, every
time.