Ashar Group is proud to announce the launch of its latest project, ‘Ashar Merac,’ located in ShreeNagar, also known as the Mulund Thane Corridor (MTC). This significant launch marks a triumphant return to the locality where Ashar Group initiated its first project in 2001 (Ashar Estate), symbolizing a heartfelt return to the company’s roots.
‘Ashar Merac’ is one of the largest residential developments in Thane in recent history, sprawling over an impressive 11 acres, with phase one covering 4 acres. Upon completion, this project will feature over 2000 residential units, showcasing the grand scale and ambition of Ashar Group’s vision for modern urban living.
Designed by renowned architect Padma Bhushan Hafeez Contractor, Ashar Merac boasts expansive 1, 2, and 3-bedroom residences with sweeping decks, offering maximized living spaces that perfectly balance form and function. Phase 1 of the project will feature over 1,10,000 square feet of amenities spread across three levels, providing residents with a variety of recreational options including jogging, skating, mini-golf, and multi-purpose courts. One of the highlights of Ashar Merac is ‘The Oasis,’ one of Thane’s largest podiums, which includes a massive swimming pool perfect for unwinding. Additionally, thoughtfully designed green sit-outs, hammock gardens, and cabana seats create inviting spaces for relaxation and leisure. Another standout feature is “The Nest” on the 20th level, offering 25,000 sq. ft. of luxurious amenities, including a yoga studio, open gym, and stargazing deck.
Ajay Ashar, Chairman of Ashar Group, added, “Ashar Merac is not just a residential project; it is a statement of our dedication to creating spaces that enhance the quality of life. We believe this development will set new benchmarks in luxury living in Thane. This development embodies our ‘Promises Delivered’ commitment, offering residents a holistic lifestyle that effortlessly combines urban sophistication with natural beauty. Perfectly positioned at the border of Thane and Mulund, it provides residents with close proximity to nature while offering excellent connectivity to surrounding localities and the Mumbai Metropolitan Region.”
Nestled between the lush greenery of the Sanjay Gandhi National Park (SGNP) and the dynamic cityscapes of Mulund and Thane, ShreeNagar, MTC is set to become a focal point for real estate and infrastructural growth. The Mulund Thane Corridor (MTC), a picturesque 5 km stretch in Eastern MMR backed by the scenic Yogi Hills, promises an enviable lifestyle along with abundant business opportunities. The area boasts Thane’s first-ever international school, Finland International School (formerly Billabong High International School), enhancing its appeal to families seeking quality education.
Upcoming infrastructure projects like the Thane Bypass Road and the Twin Tube Tunnel from Thane to Borivali are expected to significantly boost property values and foster a contemporary ecosystem in the region. ShreeNagar, MTC also serves as a residential extension of Wagle Estate, offering convenient access to both Mulund and Thane Railway Stations.
“We are thrilled to launch Ashar Merac, a project that reflects our enduring commitment to quality and excellence. Designed for luxury living within a gated community, Ashar Merac boasts world-class amenities.” said Ayushi Ashar, Director of Ashar Group. “Returning to ShreeNagar, MTC where it all began for us, is incredibly meaningful and exciting. With this project we will be delivering over 25 lakh sq. ft. of premium real estate over the course of the next 5 years”
Ashar Merac is registered via MahaRERA Reg. No. P51700056361, with possession slated for the year 2028.