By Arosh John, Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News (TREN)
Thane–MMR | November 2025
Phoenix Mills has formally marked its entry into Thane with plans for a new city-centre lifestyle destination at Majiwada Junction, widely discussed as a future “Phoenix Mall Majiwada, Thane”–scale development. In 2023, its wholly owned subsidiary Sparkle Two Mall Developers Pvt. Ltd. acquired the former Huhtamaki land parcel in the Majiwada locality of Thane – an approximately 11–11.5 acre ex-industrial site at one of the city’s most important junctions – in a transaction valued at around ₹429 crore, executed through multiple conveyance deeds. The plot sits on the erstwhile Huhtamaki estate at Majiwada, reinforcing the node’s growing importance as a gateway between Thane and Mumbai.
In its March 2025 corporate/investor presentation filed with the stock exchanges, Phoenix Mills showcases this Thane project as “The new city-center lifestyle destination in Thane” – described as a modern mixed-use development, designed for the global community, on ~11.5 acres of land located on Majiwada Junction, with Phase 1 retail indicated at ~1.3 million sq ft, supported by an indicative render. Thane is also featured in the group’s “Charting the growth roadmap: 2027 and beyond” and in its list of target cities, alongside locations such as Navi Mumbai, Coimbatore, Chandigarh/Mohali and Goa, signalling that a large-format, Phoenix Mall–style, retail-led mixed-use destination is now firmly planned on the ex-Huhtamaki site at Majiwada. While the final mall branding, tenant mix and exact completion timeline are yet to be announced, these official disclosures confirm Phoenix Mills’ serious, long-term commitment to the Majiwada–Thane Eastern Express Highway belt and make this one of the most important upcoming lifestyle and retail developments to watch in the region.
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN) — a digital platform dedicated to factual, insight-led coverage of the Thane–MMR property market. With over a decade of on-the-ground experience, he specialises in villas, premium resales, and NRI advisory, with a sharp focus on how infrastructure, policy, and large-format developments such as malls and mixed-use townships shape long-term value. Recognised as one of the emerging Thane real estate experts, Arosh combines micro-market research with transaction-level understanding to help homebuyers and investors navigate projects, regulations and evolving neighbourhoods across Thane and the wider Mumbai Metropolitan Region.
Disclaimer
This news update is based on publicly available company presentations, stock-exchange disclosures, and credible media reports as of the date of publication. It is intended for general information and does not constitute an advertisement, offer or assurance by the developer. The final project name, branding, design and timelines are subject to change. Readers are advised to verify current details through official channels and consult appropriate professionals before making investment or purchase decisions.
