Vihang Group Gets CC For 3.0 Mn Sq Ft From Thane Civic Body
Thane-based developer Vihang Group has secured approval from the Thane Municipal Corporation for a staggering three million sq ft in the current fiscal year. This is perhaps one of the largest approvals at one go for a non-township development. The group has also attained Occupancy Certificate for 2.5 million sq ft of development across various projects located in the Ghodbunder Road catchment in the same financial year. The group plans anticipate a revenue potential of Rs 2000 Crore from four project launches this year and has already launched the first, Capital of Thane, VIhang group diversifies funding for these projects from a blend of equity, bank loans, and customer advances and has earmarked an investment of Rs 2,500 crore over the next five years. The Kasarvadavli and Bhayander micro markets are the two focus areas of the group. The Metro Line 4 connecting Wadala to Kasarvadavli and the Thane-Borivali tunnel through Sanjay Gandhi National Park from Gaimukh are two major infrastructure projects which will dramatically improve connectivity to Mumbai and western suburbs.
Tags : Sanjay Gandhi National Park Gaimukh Thane Municipal Corporation Vihang Group Occupancy Certificate equity bank loans