Ashar Group Launches Ambitious Rs 2000 Cr Thane Housing Project

Ashar Group's new project, Ashar Merac, in Thane will feature 1, 2, and 3 BHK apartments designed by architect Hafeez Contractor, with a revenue potential of Rs 2000 crore.

Ashar GroupThane Real EstateMahareraHafeez ContractorResidential ProjectReal Estate MaharashtraJun 13, 2024

Ashar Group Launches Ambitious Rs 2000 Cr Thane Housing Project
Real Estate Maharashtra:The Mumbai Metropolitan Region-based Ashar Group has announced the launch of its flagship housing project, Ashar Merac, in the Shree Nagar area of Thane. Spread across 11 acres, the project will comprise three towers with 2,000 units, boasting a revenue potential of Rs 2,000 crore.

The project will be developed in phases, with the first phase featuring two towers of 35 floors and 36 floors, respectively. The apartments will be available in 1, 2, and 3 BHK configurations, designed by renowned architect Hafeez Contractor. The project's completion deadline, as set by the Maharashtra Real Estate Regulatory Authority (MahaRERA), is 2028.

According to local brokers, the prevailing per sq ft price in this micro-market ranges between Rs 18,000 and Rs 20,000, depending on the project's amenities and social infrastructure.

Ashar Group is a leading real estate developer in the Mumbai Metropolitan Region, known for its commitment to delivering high-quality residential projects. With a strong focus on customer satisfaction, the group has established itself as a trusted name in the industry.

Ashar Group is a prominent real estate developer with a strong presence in the Mumbai Metropolitan Region. The company is dedicated to creating landmarks that redefine the urban landscape, with a focus on quality, sustainability, and customer satisfaction.

Frequently Asked Questions

What is the location of Ashar Merac project?

The project is located in the Shree Nagar area of Thane.

Who is the architect behind Ashar Merac?

The project is designed by renowned architect Hafeez Contractor.

What is the completion deadline of the project?

The project's completion deadline, as set by MahaRERA, is 2028.

What is the revenue potential of the project?

The project has a revenue potential of Rs 2,000 crore.

What are the types of apartments available in the project?

The project offers 1, 2, and 3 BHK apartments.

Related News Articles

JK Tyre Boosts Commercial Vehicle Presence in Maharashtra with New Brand Shop
Real Estate Maharashtra

JK Tyre Boosts Commercial Vehicle Presence in Maharashtra with New Brand Shop

JK Tyre & Industries expands its retail footprint with the launch of its 12th brand shop for commercial vehicles in Maharashtra

May 28, 2024
Read Article
The Rise of Luxury Living: Branded Residences in India
Real Estate

The Rise of Luxury Living: Branded Residences in India

India's affluent population is driving the demand for luxury living, and branded residences are becoming increasingly popular.

June 29, 2024
Read Article
Apply Now for Law Clerk-Cum-Research Assistant Position at UP-RERA
real estate news

Apply Now for Law Clerk-Cum-Research Assistant Position at UP-RERA

The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) is seeking qualified candidates for the position of Law Clerk-Cum-Research Assistant. Applications are due by October 15, 2024.

October 10, 2024
Read Article
Blox Acquires 11% Stake in Guardians for $12 Million
Real Estate

Blox Acquires 11% Stake in Guardians for $12 Million

Digital real estate platform Blox acquires 11% stake in Guardians, aiming to become India's largest real estate seller.

November 12, 2024
Read Article
Mahindra Lifespaces Secures ₹950 Crore Deal for Redevelopment of Three Mumbai Housing Societies
Real Estate

Mahindra Lifespaces Secures ₹950 Crore Deal for Redevelopment of Three Mumbai Housing Societies

Real estate developer Mahindra Lifespaces has announced a significant 950-crore deal to redevelop three housing societies in Mumbai, marking a major milestone in the company's urban rejuvenation efforts.

February 3, 2025
Read Article
Goa's Real Estate Market Surges with Impressive Earnings
Real Estate

Goa's Real Estate Market Surges with Impressive Earnings

The Goa Real Estate Department has reported a significant boost in earnings, reaching Rs 13,439.5 crore, as detailed in the Goa Economic Survey 2024-25. The boom in real estate is attributed to various factors, including increased investment and developme

March 27, 2025
Read Article