Thane's Vihang Group recently achieved a milestone with Thane Municipal Corporation's approval for a massive three million square feet, marking one of the largest single approvals for non-township development. The group also secured Occupancy Certificates for 2.5 million square feet across Ghodbunder Road projects in the same fiscal year. With plans for four projects, including "Capital of Thane," the group anticipates a revenue potential of Rs 2,000 crore. Funding these endeavours through equity, bank loans, and customer advances, Vihang Group has earmarked Rs 2,500 Crore for the next five years, focusing on Kasarvadavli and Bhayander micro markets.
Thane's Vihang Group has achieved a significant milestone by obtaining approval from the Thane Municipal Corporation for a massive three million square feet in the current fiscal year. This approval stands out as one of the largest for a non-township development in a single go. Additionally, the group has successfully secured Occupancy Certificates for 2.5 million square feet across various projects situated in the Ghodbunder Road catchment during the same financial year. With ambitious plans, the Vihang Group envisions a revenue potential of Rs 2,000 crore from the launch of four projects this year, with the first, "Capital of Thane," already underway.
To fund these projects, Vihang Group has adopted a diversified approach, combining equity, bank loans, and customer advances. The commitment to these developments is reflected in the earmarked investment of Rs 2,500 crore over the next five years. The group has strategically identified the Kasarvadavli and Bhayander micro markets as its primary focus areas.
In the pursuit of enhancing connectivity, two major infrastructure projects take center stage for Vihang Group. The first is Metro Line 4, connecting Wadala to Kasarvadavli, promising a significant improvement in transportation links. The second is the Thane-Borivali tunnel, cutting through Sanjay Gandhi National Park from Gaimukh. These projects hold the potential to revolutionize connectivity to Mumbai and the western suburbs.
With an eye on sustainable growth and a commitment to urban development, Vihang Group's strategic approach involves leveraging key projects in thriving micro markets, ensuring a balanced blend of funding sources, and adhering to a comprehensive investment plan. The group's foresight in identifying crucial infrastructure projects aligns with its broader vision to contribute to the region's development and elevate the overall living experience for residents. As Vihang Group moves forward with its ambitious plans, its multifaceted strategy and keen focus on emerging markets and pivotal infrastructure projects position it as a notable player in Thane's dynamic real estate landscape.
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