L&T Realty’s Panch Pakhadi plan adds 12.2 acres to Thane pipeline
L&T Realty and Jagdale plan a large Panch Pakhadi development
L&T Realty’s plan for a residential development in Panch Pakhadi brings a 12.2-acre site in Thane West into the company’s project pipeline. The project is being developed through a strategic alliance with Jagdale Infrastructure Pvt Ltd, announced on May 7, 2024. L&T Parel Project Pvt Ltd, a subsidiary of L&T Realty, executed the joint development agreement.
The planned scheme combines homes for sale with rehabilitation housing for residents of a large slum layout. Its development potential exceeds 3.12 million square feet. The developers’ stated programme includes at least 12.7 lakh square feet for slum rehabilitation and 31.25 lakh square feet in the sale component. For homebuyers, the scale signals a multi-phase addition to Panch Pakhadi, rather than a small standalone residential block.
The details
The project, listed as Upcoming, is planned as a residential development with 2, 3 and 4 BHK apartments. Published carpet-area ranges for the homes are 750–850 sq ft for 2 BHK, 1,050–1,200 sq ft for 3 BHK and 1,900–2,200 sq ft for 4 BHK. The project landing page lists pricing as on request.
The development is described as a three-phase scheme. The joint development’s rehabilitation and sale components form a significant part of its overall plan, while the homes are positioned within L&T Realty’s wider residential portfolio. The related project page for L&T Panch Pakhadi Thane carries the project’s current overview.
Plans for resident facilities include a clubhouse, swimming pool and pool deck, indoor games, sports courts, landscaped gardens, a banquet hall and an aqua gym. Other listed features include a gymnasium, Pilates and dance studio, jogging track, pickleball court, reflexology path, yoga deck, party lawn and amphitheatre. The project is described as IGBC Gold Certified, with sustainable systems. Home specifications include vitrified flooring, a kitchen platform with stainless-steel sink, concealed bathroom plumbing, branded electrical switches and powder-coated aluminium windows. The homes are described as Vaastu-compliant, with large windows intended to bring in natural light.
The location
Panch Pakhadi sits in Thane West, with access to the Eastern Express Highway and routes including Pokhran Road and Ghodbunder Road. Thane railway station and Vandana ST Bus Depot connect the area with the wider city. Nearby destinations include Korum Mall, Viviana Mall, Jupiter Hospital and Smt Sulochana Devi Singhania School. Kachrali Lake is also among the local open-space landmarks.
Mumbai Metro Line 4, planned between Wadala and Kasarvadavli, is a future addition to the area’s transport network. Trial runs were targeted for October 2026; the line is not yet operating for passengers. The proposed Thane Ring Metro is planned as a 29-kilometre corridor with 22 stations, with opening expected by 2029.
The developer
Established in 2011, L&T Realty is the real-estate arm of Larsen and Toubro. Its portfolio spans approximately 6.5 million square metres across residential, commercial and retail developments, with a presence in Mumbai, Navi Mumbai, NCR, Bengaluru, Hyderabad and Chennai. The Panch Pakhadi plan adds to its Mumbai-region activity through a partnership with Jagdale Infrastructure.
What comes next
The joint development agreement was announced in May 2024, and the project’s first Evara phase was launched on October 17, 2024. Construction was reported at 20% complete as of January 17, 2026, following issuance of the commencement certificate. The development is planned in phases, with a stated target possession of December 2028; the registered possession date for one phase is April 30, 2030, while other phases have a target completion date of August 31, 2030.