Thane’s leading home-grown real estate developer, Vihang Group, has announced four real estate projects worth a combined estimated investment of INR 850 Crore. These upcoming projects will occupy an anticipated 5 Mn-SqFt in various micro-markets of Thane with a revenue potential of approximately INR 2000 Crore.
These projects are aimed at catering to the aspirational housing segment of Thane. The total capital for the projects will be acquired through a blend of equity, working capital, and customer advances. Vihang Group aims to deliver these projects by 2027.
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Of the total investment, 80% will be dedicated to residential development, including affordable and luxury housing. The remaining 20% will be dedicated to lifestyle, hospitality, and educational spaces.
Currently, Vihang Group is working actively on a diverse portfolio, including projects like integrated townships, greenfield development, and redevelopment projects across Thane.
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