DMart Lands 70,000 sq ft in Thane for ₹100 Cr
DMart is setting up a massive presence in Thane, buying 70,000 sq ft for ₹49 crore. The move underscores the retailer’s push into the Mumbai hinterland.
Key points at a glance
- •70,000 sq ft of office and retail space acquired in Thane.
- •Deal valued at ₹100 crore, a substantial investment in the Mumbai hinterland.
- •DMart plans to open flagship stores and logistics hubs in the area.
- •The purchase highlights the growing demand for commercial real‑estate near Mumbai.
- •Thane’s connectivity via Western Express Highway boosts DMart’s reach.
Investment Scale
₹100 crore purchase of 70k sq ft equals ₹1.43 crore per 100 sq ft, a premium for prime Thane location.
Location
Prime plot on Western Express Highway, Thane – adjacent to Mumbai, well‑connected to Navi Mumbai.
Regulatory
Transaction follows RERA guidelines; property is under approved commercial zoning.
Want more detail?
What actually happened?
Avenue Supermarts Limited bought a multi‑storey commercial building in Thane covering roughly 70,000 sq ft. The purchase price was ₹100 crore.
The building sits on a 1.5‑acre plot near the Western Express Highway, offering ample parking领先.
What it means for buyers
The deal signals that Thane is becoming a hotbed for commercial investment, suggesting higher rental yields for investors.
What to watch next
DMart’s next steps will likely involve setting up flagship stores and integrated logistics hubs as part of its expansion strategy.
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