Metro Group to Invest ₹3,500 Cr in Thane and Kalyan-Shil Corridor
Metro Group, a prominent MMR real estate player, will invest over ₹3,500 crore in the emerging micro-markets of Thane and the Kalyan-Shil Corridor. For 2024, ₹1,000 crore is allocated for Thane, focusing on Uber Luxury Residential and High-End Commercial spaces, including ₹200 crore for a celebrity-inspired, limited-edition tower.
Over the next three years, the group plans to launch 12 projects, spanning 6.6 million square feet, with a projected revenue of ₹9,860 crore. Thane will see 3 million square feet of luxury residential and 1 million square feet of commercial space, while the Kalyan-Shil Corridor will focus on affordable luxury, with 2.6 million square feet of residential development.
Mahesh Gala, Director of Metro Group, highlighted the company’s ambitious vision for these micro-markets. “We envision Thane evolving into India’s First 15-Minute City, where all aspects of life—work, home, play, education, shopping, and health—are within a 15-minute reach. Similarly, the Kalyan-Shil Corridor is poised to become the Next Mumbai, with 30-minute connectivity to major financial and industrial centers, creating a vibrant market for aspirational semi-affordable housing. As a responsible real estate developer, we see huge potential in the range of the products that we are already offering.”
