Prescon Group and House of Hiranandani unveils a new project ‘Belicia’ at Thane

Prescon Group and House of Hiranandani unveils a new project ‘Belicia’ at Thane

Mumbai, 17th April 2024: Prescon Group, a renowned name in the real estate sector with a significant national presence, in collaboration with the esteemed House of Hiranandani, has unveiled ‘Belicia’, a new luxury residential project in Thane. This grand 48-storey tower spans 1.5 acres and is set to redefine luxury and elegant living in the region. With a RERA possession date slated for June 2028, ‘Belicia’ promises to be Thane’s new beacon of luxury.

The project is just a stone’s throw away from the Nitin Company Junction and is situated on the prestigious Nitin Company Compound; a posh residential area considered as the Malabar Hill of Thane. Nitin Company is a historical landmark and the Company, Nitin Castings Limited, has been a significant contributor to Thane’s development story. The proposed project, namely Belicia, floated by Prescon Group (The real estate arm of Nitin Castings) and House of Hiranandani, abounds with all the ease and conveniences one could ask for. With the right mix of robust local transport, prestigious schools, well-known hospitals, business centers, stores, malls, and popular restaurants within a few kilometers; it’s a neighborhood where everything you need is at your disposal.

‘Belicia’ offers a range of luxurious apartments with configurations of 2, 3 & 4 BHK homes, featuring carpet areas ranging from 779 sq ft to 1546 sq ft, starting at Rs. 1.85 crore onwards. Each apartment is designed with marble flooring in the living, dining, and bedroom areas, complemented by large decks, ample natural light, ventilation, and select residences featuring foyer areas for enhanced privacy. The project boasts of providing residents with panoramic views of the city and the serene Yeoor Hills with the first habitable floor starting from the 7th level.

Mr. Vedanshu Kedia,

Mr. Vedanshu Kedia, Director of Prescon Group, expressed his enthusiasm for the collaboration, stating, “It is a privilege to partner with House of Hiranandani on this landmark project. ’Belicia’ is not just about luxurious homes; it’s about providing a complete lifestyle. With its prime location, exceptional connectivity, and promise of appreciation, we’re excited to offer this unique living experience to our customers and the citizens of Thane at large.”

‘Belicia’ is designed to offer residents a blend of modernity, luxury, and serenity. It aims to offer an unmatched lifestyle with a plethora of amenities that cater to every resident’s needs. From a clubhouse, swimming pools, jogging tracks, and sports courts to children’s play areas and a gymnasium; the project ensures a balanced and joyful living environment. Positioned in Thane West’s PanchPakhadi, the project benefits from its proximity to essential services, including healthcare, education, shopping, and leisure, as well as major transport hubs, ensuring both convenience and a tranquil lifestyle. The ‘Walk to Work’ concept is a reality here, with major corporate parks within a 1.5 km radius.

Belicia in Panch Pakhadi, Thane is a prestigious address due to its strategic location near the Eastern Express Highway, Thane Railway Station, and upcoming Metro Line 4. Its rapid infrastructure development and connectivity make it highly desirable for both residential and commercial real estate, positioning it as one of the region’s top addresses

Panch Pakhadi in Thane (W) due to limited housing supply and availability of enhanced physical and social infrastructure has witnessed better price appreciation of 11% and rental yields of 3.02% in 2022, as compared to other micro markets of Thane. The area’s growth is bolstered by proposed infrastructure projects that promise enhanced connectivity, capital appreciation, and rental yields. The vibrant commercial hub around Nitin Company attracts businesses and drives demand for real estate, fueled by the preference for proximity to workplaces and leisure spots. With ongoing urban development initiatives, the region offers attractive investment opportunities, with the real estate market expected to appreciate and provide lucrative returns over time.

Thane, part of the National Smart Cities Mission, and its proximity to Mumbai and surrounding areas like Navi Mumbai, Mira-Bhayandar, Vasai-Virar, and Kalyan-Dombivali, makes it an appealing residential and investment destination. ‘Belicia’ is poised to be a symbol of luxury and a smart investment in the Mumbai Metropolitan Region (MMR), offering residents a vibrant upscale lifestyle.