Real property firm Square Feet Group, has introduced funding of ₹1,500 crore throughout 4 actual property projects in Thane close to Mumbai. These projects would create over 5 million sq. ft of prime residential and industrial areas, with a projected income potential exceeding ₹3,500 crore, the firm stated.
These projects are tailor-made to cater to the Luxury, Mid-Income, and Millennial housing segments in Thane.
“We aim to provide homes and create a lifestyle ecosystem in Thane that aligns with the city’s future development. We are dedicated to offering aspirational and conceptualised living experiences for homebuyers,” Sachin Mirani, director, Square Feet Group stated.
“As a responsible brand integral to Thane’s growth story, we are actively adapting to the consumer-driven market, emphasising sustainability, eco-friendly living, and community well-being,” Mr. Mirani added,
He stated that the funding for these forthcoming projects, totalling ₹1,500 crore will likely be sourced from a mixture of fairness, working capital, and buyer advances.
The firm plans to full these developments by 2027, with a big 70% concentrate on residential areas boasting the very best life-style ecosystems. The remaining 30% will likely be for industrial and retail areas.
