Real property agency Vihang Group mentioned it has offered 200 flats at its new residential undertaking ‘Capital of Thane’ amounting to ₹150 crore, in over a week. Earlier this 12 months, the Group had raised ₹850 crore funding for brand spanking new tasks and is planning to provide you with 3 extra tasks in the identical micro market in the following two quarters with an estimated gross sales potential of ₹2,000 crore.
As a part of its funding technique, the corporate makes use of a mixture of fairness, financial institution loans, and money advances from prospects.
Vihang Sarnaik, Director, Vihang Group in a assertion mentioned, “The swift sell-out serves as a testament to the increasing demand for the aspirational lifestyle with larger carpet area that we are offering. About 80% of home buyers who purchased from us were people who were looking for upgrades in terms of larger space and better amenities and connectivity. “ “The remaining 20% were investors who are banking on the upcoming infra projects which have given a 10% year-on-year appreciation in Ghodbunder Road,” he added.
“Unlike other markets, the Ghodbunder micro market is quite different as buyers have multiple options from over 50,000 inventories. They have the choice to buy any product ranging from ₹30 lakh to ₹3 crore. They have the choice of buying from all the top developers of MMR in this micro market. At the same time, this is also a market where various home-grown brands like Vihang have established a strong foothold,” he additional mentioned.
