Ashar Group Aims Rs 2000 Cr Revenue From Thane Project Ashar Merac

Mumbai Metropolitan Region-based Ashar Group has announced the launch of its housing project named Ashar Merac in Shree Nagar area of Thane real estate market. The project spread across 11 acres will have three towers with 2,000 units and a revenue potential of Rs 2,000 crore, the company said in a statement.

The company will undertake the project in phases. The first phase will have two towers of 35 floors and 36 floors respectively, the company said. The project designed by architect Hafeez Contractor will have 1, 2 and 3 BHK apartments. The Maharashtra Real Estate Regulatory Authority (MahaRERA) completion deadline for the project is 2028.

The project designed by architect Hafeez Contractor will have 1, 2 and 3 BHK apartments. The Maharashtra Real Estate Regulatory Authority (MahaRERA) completion deadline for the project is 2028.According to local brokers, the per sq ft price prevailing in this micro market is between Rs 18,000 and Rs 20,000 depending on the project, its amenities and social infrastructure.