Ashar Group, a leading real estate player, has achieved a significant milestone by closing Rs 900 million worth of transactions at Ashar IT Park in Thane, further solidifying its position as a pioneer in various real estate verticals.
Landmark Transactions in Thane Real Estate
The accomplishment includes three prominent deals and 57,000 sq.ft of commercial real estate, showcasing Ashar IT Park as a premier address for businesses in the Mumbai Metropolitan Region (MMR).
Breaking Barriers in Commercial Property Investment
Ashar Group’s success includes a notable deal with hBits, a fractional real estate ownership platform, which offers investors a high-yield commercial real estate asset with an entry yield of 8.75% and expected IRR of 15.16%. This initiative democratises access to premium commercial properties, allowing investments starting at just Rs 25 lakh.
Premier Office Spaces in Thane
Ajay Ashar, Chairman and Managing Director of Ashar Group, credits the region’s rapid growth in infrastructure and connectivity as a key factor in the project’s success. The company plans to launch 1.5 to 2 million sqft of prime commercial office spaces in Thane next year to meet the aspirations of modern businesses.
A Visionary Approach to Commercial Real Estate
Ayushi Ashar, Director of Ashar Group, highlights the project’s appeal as a prime investment and operational destination, with state-of-the-art infrastructure tailored to modern business needs. The rapid sales pace reflects the rising prominence of Thane as a preferred destination for commercial enterprises.
Ashar Group Continues to Break Ground
With this momentum, Ashar Group continues to spearhead transformative developments across MMR, reinforcing its legacy of excellence and innovation in real estate.
