Miraya Realty's Rs1000 Crore Luxury Project Set to Redefine Thane’s Skyline

In the heart of the Indian real estate market, a visionary partnership emerged in 2022, as three giants—Rajesh Patel, Anil Mutha, and Hiren Chheda—united under a shared mission: to create world-class developments that redefine excellence. With their combined expertise, experience, and relentless passion for quality, this dynamic trio is set to transform the skyline of Thane, creating landmarks that will echo for generations.

Despite their low-key approach, these stalwarts have already delivered over 5 million square feet of remarkable real estate projects. Their legacy is not just about size but about setting new benchmarks that will become the gold standard for the industry.

Rajesh Patel: The Execution Maestro

Leading this formidable team is Rajesh Patel, a figure synonymous with precision and execution. As the head of RRC Ventures, a second-generation real estate company, Rajesh has dedicated over four decades to crafting large-scale projects that are known for their impeccable quality and timely delivery. Under his leadership, RRC Ventures has brought to life more than 70 projects spanning over 50 million square feet, in partnership with industry giants like Hiranandani Group, Piramal Group, and Brookfield Properties.

Known as an “Execution Genius,” Rajesh's most celebrated works include the iconic Hiranandani Gardens in Powai and Hiranandani Estate in Thane. These developments have redefined luxury and set the standard for what exceptional real estate should be.

For further details on Rajesh's legacy in real estate execution, explore this link.

Anil Mutha: A Connoisseur of Luxury Living

Anil Mutha is a name that resonates with luxury in the real estate world. After transitioning from the jewelry industry to real estate two decades ago, Anil quickly became one of Thane’s foremost developers, known for his focus on exclusivity, elegance, and craftsmanship. The founder of Nandivardhan Group, Anil’s flagship project, Maansarovar—a luxurious tower in Thane’s prestigious Panchpakadi—showcases his commitment to creating spaces that epitomize luxury living.

With more than 20 high-end residential projects across Thane and South Mumbai, Anil has earned the title “Connoisseur of Luxury,” having crafted spaces that are as prestigious as they are timeless. His work speaks to the affluent market, offering residences that combine sophisticated design with unparalleled amenities.

Hiren Chheda: The Commercial Czar of Thane

Hiren Chheda’s name is synonymous with the transformation of Thane's commercial landscape. A visionary in commercial real estate, Hiren spearheaded the revitalization of Wagle Estate, a once-forgotten industrial zone that has now become a thriving hub for IT and business ventures. His brand, Ekatva, has delivered premium commercial projects like Opal Square and Centrum, which are known for their superior construction quality and high rental yields.

Hiren’s unmatched expertise in commercial real estate has earned him the title of the “Commercial Czar of Thane.” His strategic vision has reshaped the city’s commercial real estate sector, making it a sought-after destination for businesses.

Miraya Realty: A New Era Begins

With these three titans in place, Miraya Realty was born. The company’s journey began with the acquisition of a 7-acre prime land parcel on Pokhran Road 2 in Thane. This plot, once just a blank canvas, is now poised to become the home of Miraya Realty’s flagship luxury project—a development that promises to not only elevate the region’s real estate profile but also set new standards for luxury living in the area.

In 2023, after securing all the necessary approvals, Miraya Realty took a bold step forward, opting to prioritize construction over pre-sales. This move, unusual for most developers who rely on pre-sales for funding, highlights Miraya’s long-term vision and financial strength. The company’s commitment to delivering quality before selling is a testament to its dedication to excellence.

The Missing Piece: Naresh Menghrajani Joins the Vision

To complete their stellar team, Miraya Realty turned to Naresh Menghrajani, a sales visionary with unmatched expertise in the luxury real estate market. Naresh, the founder and CEO of Royalti, has an impressive track record of over 15 years, during which he executed over 2,500 deals worth more than Rs3,000 crores.

What set Naresh apart was not just his extensive experience but also his alignment with Miraya’s long-term vision. After a series of fruitful discussions, Naresh was onboarded as the Sales Director of Miraya Realty, ensuring that the company’s luxury projects would reach their full potential in the market.

The Road Ahead for Miraya Realty

Miraya Realty, a name inspired by the Spanish word for "worthy of admiration," is now setting its sights on launching its flagship luxury project in Thane. The pre-launch is slated for the next 30 days, with expectations to generate Rs1,000 crores in sales within the first two years. This is just the beginning of a journey that aims to revolutionize the real estate market.

Over the next five years, Miraya Realty plans to expand its portfolio, developing projects worth a billion dollars and eventually going public with a listing on the stock exchange by 2032. With an eye on land acquisitions and strategic partnerships, the brand is well-positioned to redefine the luxury real estate experience across the Mumbai Metropolitan Region.

Miraya’s commitment to quality construction, superior design, and a world-class sales experience sets it apart as a brand that will reshape the future of real estate.

To learn more about their upcoming developments, visit Miraya Realty's website.