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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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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