Rs. 1000 Crore Luxury Project by Miraya Realty to Launch in Thane

Miraya Realty purchased a 7-acre prime piece of land on Pokhran Road 2, Thane, with the goal of constructing a historic project that would propel Miraya Realty into the upper echelons of the Indian developer community. Their dedication to quality, innovation, and perfection would be strengthened by this initiative, which would act as the model for upcoming advancements.

Miraya Realty plans to pre-launch its flagship luxury project on Pokhran 2, Thane, in the next 30 days, with a sales target of Rs. 1,000 crores in the first two years. Over the next five years, the company plans to create projects valued at $1 billion, and by 2032, it hopes to float Miraya Realty on stock exchanges.

After obtaining all necessary approvals, the business took a risky strategic decision in 2023 and gave building precedence over immediate sales. By concentrating on project completion prior to entering the market, Miraya Realty showed financial strength and long-term vision, in contrast to other developers that rely on pre-sales for funding.

Three real estate titans—Rajesh Patel, Anil Mutha, and Hiren Chheda—joined forces in 2022 with the same goal of merging their knowledge, experience, and drive for perfection to build world-class properties. Despite keeping a modest profile, this elite team has delivered over 5 million square feet of historic projects that have redefined industry standards.

The Pioneers of Miraya Realty

Rajesh Patel - The Master of Execution

Rajesh Patel, the most modest yet seasoned of the three, is the head of RRC Ventures, a second-generation real estate firm with more than 40 years of history. For esteemed developers like Hiranandani Group, Piramal Group, and Brookfield Properties, RRC Ventures has created more than 70 expansive projects totaling more than 50 million square feet. Known as a "Execution Genius," his proficiency in timely delivery and superior building has been crucial to the development of famous projects like Hiranandani Estate in Thane and Hiranandani Gardens in Powai.

Anil Mutha - The Luxury Connoisseur

Anil Mutha, the founder of Nandivardhan Group, made the move from jewelry to real estate twenty years ago and became a pioneer in the construction of upscale residential projects. His emphasis on exclusivity and elegance is seen in his flagship building, Maansarovar, a luxury skyscraper in Thane's Panchpakadi. In the real estate industry, Anil has established himself as a "Connoisseur of Luxury" thanks to his more than 20 upscale residential projects in Thane and South Mumbai.

Hiren Chheda - The Commercial Czar of Thane

Hiren Chheda is a commercial real estate visionary who has turned Wagle Estate from a former MIDC industrial zone into a bustling center for business and IT. He has produced high-end commercial projects under his Ekatva brand, such as Opal Square and Centrum, which are renowned for their excellent construction and substantial rental returns. His reputation as the "Commercial Czar of Thane" has changed the commercial real estate market in the city.