Marking the next milestone in their robust growth story,
Thane-based Ekavta Group has shared their impressive topline projection of
₹1,300 crore, based on a combination of ongoing and upcoming commercial and
residential projects. This announcement is indicative of not just Ektava
Group’s strong reputation and legacy, but also the growing demand for high
quality real estate in the fast-growing and vibrant city of Thane.
The
developer’s three commercial projects are situated in the bustling Thane West
area. Of these, The Olive has a topline contribution of more than ₹300 crore
and is Ekatva Group’s flagship landmark. Ekatva Group has secured financing
worth ₹60 crore for this project from HDFC Bank. Launched recently, the project
has already secured more than 30 per cent of its targeted sales, with
possession slated for December 2028. Orbit Business Hub is another unique
project in the Wagle Industrial Area and has a targeted topline contribution of
above ₹225 crore, of which sales worth more than ₹60 crore has been secured. A
joint development with Fermenta Biotech, the recently launched Miraya Business
Hub bears a topline contribution of about ₹350 crore, and a 50 per cent booking
as well as commitment status. Complementing these is Ekatva Group’s coveted
residential project, Miraya Trinity, which comprises 645 units with an average
ticket size of ₹1.8 crore. The project’s impeccable location and amenities have
led to nearly 60 per cent of the inventory in the first launched tower being
lapped up in less than a year of its launch. This project too is a joint
venture with Fermenta Biotech, who is the landowner of the plot. Funding worth
₹125 crore has been received from Bajaj Housing Finance towards Miraya Trinity.
“Our tenured
presence in Thane City positions us uniquely to gauge the market’s evolving
needs and to meet these with thoughtfully planned projects. In recent years,
Thane has become a hub for professionals, SMEs and start-ups who prize the
region for its connectivity as well as the opportunity to invest in relatively
affordable office spaces. Quite naturally, we are seeing a boom in residential
projects as well, especially those that match the budgets and priorities of
corporate employees seeking to migrate for better work-life balance and an
improved quality of life. Our goal is to continually contribute to Thane’s real
estate market with our foresightedness and to deliver valuable projects that
enable holistic development in the region,” shared Hiren Chheda, promoter and
managing director of Ekatva Group.
Ekatva
Group’s projects have already garnered significant attention for their
eye-catching architecture, exquisite quality, and focus on sustainable building
materials and methods. Equipped with a bouquet of amenities, as well as a
future-oriented and world-class ethos, these properties are reinvigorating
Thane’s skyline, one structure at a time.