Thane’s finest and new beacon of luxury & elegant living. 11% price appreciation with 3.02% rental yield projected.
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 48-storey tower spans 1.5 acres, and RERA possession date is slated for June 2028.
The project closer to the Nitin Company Junction and is situated on the 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, has been floated by Prescon Group (The real estate arm of Nitin Castings) and House of Hiranandani. ‘Belicia’ offers a range of apartments with configurations of 2, 3 & 4 BHK homes, featuring carpet areas ranging from 779 sq ft to 1546 sq ft, starting at INR 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.
Vedanshu Kedia, Director of Prescon Group said, “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’ has a clubhouse, swimming pools, jogging tracks and sports court to children’s play areas and a gymnasium. 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.
Belicia in Panch Pakhadi, Thane as an address is located near the Eastern Express Highway, Thane Railway Station, and upcoming Metro Line 4.
Panch Pakhadi in Thane (W) 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 promises enhanced connectivity, capital appreciation, and rental yields.
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