Real estate company Metro Group has announced its entry into the Thane real estate market with four projects. With investment to the tune of ₹250 crore, these projects are targeted at premium luxury home and commercial property buyers.

The upcoming four projects, located in Thane’s micro-markets such as Pokhran Road, Wagle Industrial Estate and Majiwada will have a total development of over 2 million square feet, with a revenue potential of over ₹1,000 crore in three years.  “We see a huge potential in the luxury segment in Thane. Soon, we see Thane emerging as India’s first city, where everything will be accessible in 15 minutes,” Mahesh Gala, Managing Director, Metro Group, said in a statement.

“Our vision is not just to offer homes but to create a lifestyle ecosystem in Thane that will align with the city’s future development and aspirational conceptualised living for the business and professional class,” he said. 

“We are adapting to the future change by giving impetus to sustainability, eco-friendly living and community wellbeing by offering a service industry model for our home buyers,” he added.  

The company plans to complete these projects before 2027, with 70% of the space dedicated to uber 3 & 4 BHK luxury homes in the ticket sizes of ₹2 crore to ₹5 crore. The remaining 30% of the development will be commercial, semi-luxury and high-end retail spaces. 

Shoeb Khan, Director, Vanguard Ventures, a partner of Metro Group in Thane, said, “Thane has witnessed a surge in interest in luxury homes, especially in the uber-luxury housing segment in the above ₹2 crore segments. This indicates an elevated demand for such residential spaces.”