Vihang Group Sells 200 Units of ‘Capital Of Thane Project in 10 Days 

MUMBAI, February 2, 2024 : Thane-based real estate developer, Vihang Group has expressed in a press statement that it has sold 200 apartments in its recently launched project Capital of Thane generating a revenue of Rs 150+ crore within 10 days of launch.

Undertaking a ₹850 crore investment this year, Vihang Group has a plan to launch in the same micro market in the next two quarters with an estimated sales potential of ₹2000 crores, adds the press statement. As part of its funding strategy, the company uses a combination of equity, bank loans, and cash advances from customers. 

Vihang Sarnaik, Director of Vihang Group said, “The swift launch sellout serves as a testament to the increasing demand for the aspirational lifestyle with larger carpets that Vihang Group is offering. About 80 per cent of home buyers who purchased from us were people who were looking for upgrades in terms of larger space and better amenities and connectivity. Our competitive pricing acts as icing on the cake for buyers. The remaining 20% were investors who are banking on the upcoming infra projects which have given a 10% year-on-year appreciation in Ghodbunder Road”.