Metro Group Targets ₹1,000 Crore Revenue from Thane Real Estate Projects

Metro Group, a leading real estate developer in the Mumbai Metropolitan region, is aiming for ₹1,000 crore in revenue from its upcoming projects in Thane over the next three years. The company plans to develop 1 million square feet of premium luxury and commercial space, investing ₹250 crore in four key projects in the area.

These projects are designed to attract professionals who prefer Thane's modern lifestyle over the bustling city of Mumbai. The developments will feature luxury homes and commercial spaces, reflecting the Group's focus on sustainability, eco-friendly living, and community well-being. Mahesh Gala, Managing Director of Metro Group, emphasized Thane’s potential to become India’s first "15-minute city," where all essential amenities are within easy reach, enhancing the quality of life for residents.

The ₹250 crore investment will be sourced from a combination of equity, working capital, and customer advances. Metro Group aims to complete the projects by 2027, with 70% of the space dedicated to luxury residential units, primarily 3 and 4 BHK apartments priced between ₹2 crore and ₹5 crore. The remaining 30% will be allocated to commercial and high-end retail spaces, catering to a growing demand for premium facilities in Thane.

In addition to the luxury offerings, the company is introducing certified construction with a 5-year leakproof guarantee, ensuring high-quality standards for buyers. Metro Group has already invested ₹500 crore in ongoing projects and plans to invest an additional ₹1,000 crore over the next five years to expand its presence in the region.

Gala also highlighted a significant increase in demand from women homebuyers in Thane, reflecting the changing dynamics of the real estate market and the growing preference for quality living spaces in well-planned urban areas.

News by Rahul Yelligetti