A prestigious business conglomerate operating diverse domains such as Construction, Hospitality, Education and Film Production, thane-based Vihang Group has commenced four residential projects with a deliverable spot of five million sq. ft. with a revenue potential of Rs. 2,000 crore.
Vihang Group plans to invest Rs. 850 crore towards this, which would be a blend of equity, bank loans and customer advances. Furthermore, an infusion of Rs. 2,500 crore is foreseeing to spend over for the next five years.
These forthcoming projects are expected to be carry by the year 2027. In the order of 80 percent of the space in the projects will be committed to houses, whereas the remaining space has been put aside for educational amenities, hospitality and other lifestyle-related activities.
As a part of Mumbai Metropolitan Region (MMR), Thane has emerged as a favored destination for real estate enthusiasts recently. The region has observed extensive investments in roads, transportation such as the metro & civic facilities. The development of highways & expressways connects Thane to major business districts and offers ease of access. As well, Thane has additional open spaces & presents land pockets to build homes that cater to the middle level income & moving segment.
Vihang Group has finished more than 20 projects, with over three msf (marginal standing facility) delivered. Among the idea of creating superiority and comfort for professionals and millennials, Vihang Group is mainly keen on the housing projects in the price range of Rs. 45 to 90 lakh in line.
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