Square Feet Group's Rs 1,500 Crore Investment in Thane

Square Feet Group, a prominent real estate firm, has unveiled a bold initiative to invest Rs 1,500 crore in four transformative real estate projects situated in Thane, in close proximity to Mumbai, Maharashtra. These visionary projects are slated to yield an impressive five million square feet of premium residential and commercial space, with an estimated revenue potential exceeding Rs 3,500 crore.

Designed to cater to diverse housing segments including luxury, mid-income, and millennial preferences, these ventures are poised to redefine the urban landscape of Thane. The company is committed to completing these ambitious developments by 2027, with a significant emphasis on residential properties, constituting 70 percent of the total space, while the remaining 30 percent will be allocated for commercial and retail establishments.

Financing for these groundbreaking projects will be sourced through a judicious blend of equity, working capital, and customer advances, ensuring robust financial backing for their timely realization. As part of its broader vision to cultivate a vibrant lifestyle ecosystem within Thane, the firm aims to curate bespoke living experiences for prospective homebuyers, aligning seamlessly with the city's evolving urban fabric.

Central to the ethos of Square Feet Group is its unwavering commitment to consumer-centric principles, underscored by a steadfast dedication to sustainability, eco-friendly practices, and the holistic well-being of the community. Renowned for its expertise in the development, construction, and execution of large-scale, state-of-the-art residential and commercial complexes in and around Thane, the Group remains at the forefront of shaping the future of urban living in the region.

News by Rahul Yelligetti