Tathastu Realty Launches Rs 200 Crore High-Street Retail Project in Rewari

New Delhi, Sep 1 (PTI) Real estate developer Tathastu Realty is making a significant move in the retail sector by investing Rs 200 crore in a high-street retail project in Rewari, Haryana. This ambitious project, named 'Swarnim', is expected to transform the retail landscape of the region.

The project will span six acres and will feature 1,200 shops, offering a wide range of retail options to the local community. The launch price for the project is set at Rs 14,000 per square foot, making it an attractive investment opportunity for both retailers and investors.

Tathastu Realty Executive Director Neeraj K Mishra expressed his enthusiasm for the project, stating, 'We aim to bring a premium high-street shopping experience to Rewari. This project will not only enhance the retail infrastructure but also contribute to the economic growth of the region.'

The total sales realization from the project is projected to be around Rs 400 crore, highlighting the potential for significant returns on investment. The funding for the project will be sourced through internal accruals and customer advances, ensuring a robust financial foundation.

Possession of the 'Swarnim' project is scheduled for 2029, providing ample time for the development and marketing phases. This strategic investment by Tathastu Realty underscores the company's commitment to expanding its footprint in the real estate market and delivering high-quality projects that meet the needs of the local community.

Rewari, a city in Haryana, is poised to benefit from this development, as it will attract more foot traffic and create new job opportunities. The project is expected to boost the local economy and improve the quality of life for residents by providing a modern and convenient shopping experience.

Tathastu Realty, known for its innovative and customer-centric approach, has a strong track record in the real estate sector. The company's focus on sustainable development and community engagement has earned it a reputation for delivering projects that stand the test of time.

With the launch of 'Swarnim', Tathastu Realty is set to redefine the retail landscape in Rewari and set new standards for high-street retail projects in the region.