Real estate developer Square Feet Group plans to invest an estimated INR 1500 Crore towards developing four real estate projects across Thane, Mumbai. These projects will be developed over an anticipated 5 Mn SqFt of total land parcel and have a revenue potential of approximately INR 3500 Crore.
The project will cater to the luxury, mid-income, and millennial housing segments and include 70% of residential spaces providing the highest quality living environment, and 30% of commercial and retail spaces. The projects are expected to be completed by 2027. The funding will be acquired in the form of equities, working capital, and customer advances.
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Through these projects, Square Feet Developers aims to provide homes and create a lifestyle ecosystem in Thane that aligns with the city’s future development. The company is dedicated to offering aspirational and conceptualised living experiences for homebuyers, said Sachin Mirani, director, Square Feet Group.
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