Vihang group elevation

About Us

Vihang group was established in 1989 by Chairman and Director, Mr. Pratap Baburao Sarnaik. The group has been able to achieve great success by keeping this one thought in mind, "Brick by brick, you can build an empire". Following this thought this group has now created an image as one of the advanced property developers in Thane. The Vihang Group has not only carved a niche image for themselves in the realty sector as a 'quality service provider' but also achieved its benchmark in the Hospitality business by setting up a Recreation Club, Vihang’s Palm CLub & Hotel Vihang’s Inn located at Ghodbunder Road, Thane.
Originally, Vihang Group established itself as

Property Developers in Thane

, in the Real Estate Industry and later, it diversified into other verticals like Hospitality, Recreation, Entertainment and Production. The Group has an experience of more than 27 years and has set a milestone of selling 2500+ units. The Vihang Group is well-established and known

Property Developers in Thane

, especially under Housing Construction. Quality construction, Modern amenities, timely delivery,and economical prices are its key factors. With an overwhelming response and reputation gained in the real estate industry for developing some artistically designed modern

projects in Thane

, over the decades, Vihang Group, amongst its Real Estate Developments, adds another feather to its cap under the name of Vihang Hills and Vihang Valley at Ghodbunder Road in Thane, developed as a Mega Township Project.
Under his leadership, The Vihang Group found a new mission - Quality Service. His passion to establish Vihang in the field of hospitality became reality in the year 1989. This was the time he got associated with construction and hospitality. Within no time, he established hotels in Thane and soon, Vihang became a valued brand in Property Developers in Thane that served quality food with unique variety and provided excellent service.
He is a treasure trove filled with rich experiences from the field of construction and hospitality. His vast knowledge about

property in thane

brings the advantages to vihang group when it comes to real estate business. Monitoring day to day affairs, from sales to operations come naturally to him. He has been playing a pivotal role in maintaining Vihang Group’s reputation over the years
Mr. Vihang Sarnaik is one of the Directors at Vihang Group of Companies & is instrumental in making strategic decisions for the group. A qualified Architect from Mumbai University. He is deeply involved in the planning, development and construction of the projects.His core competencies include Leadership & Building relations. In addition he continues to shoulder several other corporate responsibilities. He takes keen interest in Sales & Marketing decisions. He stands by ensuring feasibility without compromising on the quality to make sure that Vihang group become a best brand when it comes to

property developers in thane.

The young blood with a background of Hotel Management, Purvesh closely associates himself with the hospitality wing of the group. From purchasing input items to ensuring quality food and service, under him, the Vihang Group promises an unmatched hospitality.


  • Providing Sustainable residence is the key philosophy of this group. We believe in offering the lifestyle along with the good infrastructure, amenities & location for

    property in thane

    that we build. We believe in understanding the needs of the people & providing housing solutions accordingly.


  • To Deliver Quality housing solutions with Integrity, Agility & Innovation and become best brand in

    property developers in thane.

"I got good returns on the investment for my

property in thane

& happy with the Customer service department". - Mr.Sudam Ghuge
"I had a good Experience with the company. Looking forward for such future investments". - Mr. Upendra Thakur, Businessman
"Happy to be associated with Vihang Group. I am satisfied with the locality & the type of lifestyle we get. Buying a

property in thane

with vihang has been a judicious decision". - Mr.Amit Surajbansi, Director & Auditor, Diksha Mgmt. Consultancy

Business Verticals

Amongst its Real Estate developments a Mega township project under the name of Vihang Valley at Ghodbunder Road, Thane was successfully launched during 2008 – 09 with overwhelming response. Another Mega township was launched during 2010-11.under the name of Vihang Hills at Ghodbunder Road, Thane.

In 2003-04 group forayed in Hospitality business with setting up of a Recreation club Vihang’s Palm Club. After the establishment of club the group entered in Hotel Business with the name of Vihang`s Inn located at Ghodbunder Road.

Palm Club
Travelled by the loss of ‘time for yourself’ and trapped by the day to day activities you tend to ignore the substance called recreation.

Recreation is a state where in you surpass the stage of your monotonous routine, work, hectic lifestyles and allow yourself in indulging into all those activities which you like and enjoy doing. We here at Palm club will give you an atmosphere and facilities which will help you to take a plunge in the land of merriment.

Help us help you to shed you tiredness with the wide range of amenities we offer, be it swimming pool, lawn tennis, table tennis, billiards, gym and many more. We also have facilities like card room to just relax and play with your friends. And for those voracious readers the club also gives a library where you can be on your own and read along.

Apart from sports we have a spa & saloon in the club where you can let yourself unwind and wash away those apprehensions. Come and spoil yourself here as you deserve it!

VIHANG'S INN has been designed in the new international concept, which offers all the modern facilities of comfort and convenience required by corporate executives at the most reasonable tariff.

We have 32 rooms comprising of Suites, Executive rooms. For your eating delights we have the series of restaurants.

All the restaurants are attached with a bar counter with a Wide choice of Liquor, Cocktails, Mocktails & Drinks of your choice.

Fusion : A Pure Vegetarian Speciality Restaurant serving you Snacks, Lunch & Dinner.

Palm Court : A Multicuisine Restaurant serving you Indian, Chinese, Continental, Vegetarian & Non-Vegetarian dishes

Banquet & Conferences
We have different venues for your convenience:

Flurries : A Banquet hall for Your conferences, get-together, brand launches, cocktails, Dinner etc. capacity of 200 to 300 guests.

Z+ : A Meeting room capacity of 50 to 100 guests & Dually Pub for D.J.Nights

IOTA : Board room capacity 20 to 30guests.

Investor Corner

One of the ways of raising money for buying a new property is availing a home loan. The process of availing a home loan can be confusing and tedious. To help the customers with this, Vihang Group has created a comprehensive guide that offers information on home loans. Browse through this document to gain insight and take the right decision.

As you buy a new home, these questions will answer all common queries about buying and owing a property in India. Use this guide to acquaint yourself with rules, laws and important information

  • 1. For what purposes can I seek a first time home loan?
    You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house. Please remember to seek specific clarifications on the above-mentioned issues from your commercial bank.
  • 2. How will your bank decide your home loan eligibility?
    Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse's income, assets, liabilities, stability of income etc. The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

    The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income. Banks generally fix an upper age limit for home loan applicants.
  • 3. What is an EMI?
    You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement. (For understanding how EMI is calculated, please see annex).
  • 4. What documents are generally sought for a loan approval?
    In addition to all legal documents relating to the house being bought, banks will also ask you to submit Identity and Residence Proof, latest salary slip ( authenticated by the employer and self attested for employees ) and Form 16 ( for business persons/ self-employed ) and last 6 months bank statements / Balance Sheet, as applicable . You also need to submit the completed application form along with your photograph. Loan applications form would give a checklist of documents to be attached with the application.

    Do not be in a hurry to seal the deal quickly.

    Please do discuss and seek more information on any waivers in terms and conditions provided by the commercial bank in this regard. For example some banks insist on submission of Life Insurance Policies of the borrower / guarantor equal to the loan amount assigned in favour of the commercial bank. There are usually amount ceilings for this condition which can also be waived by appropriate authority. Please read the fine print of the bank’s scheme carefully and seek clarifications.
  • 5. What are the different interest rate options offered by banks?
    Banks generally offer either of the following loan options: Floating Rate Home Loans and Fixed Rate Home Loans. For a Fixed Rate Loan, the rate of interest is fixed either for the entire tenure of the loan or a certain part of the tenure of the loan. In case of a pure fixed loan, the EMI due to the bank remains constant. If a bank offers a Loan which is fixed only for a certain period of the tenure of the loan, please try to elicit information from the bank whether the rates may be raised after the period (reset clause). You may try to negotiate a lock-in that should include the rate that you have agreed upon initially and the period the lock-in lasts.

    Hence, the EMI of a fixed rate loan is known in advance. This is the cash outflow that can be planned for at the outset of the loan. If the inflation and the interest rate in the economy move up over the years, a fixed EMI is attractively stagnant and is easier to plan for. However, if you have fixed EMI, any reduction in interest rates in the market, will not benefit you.

1) Do non-resident Indian citizens/ foreign citizens of Indian origin require permission of Reserve Bank to acquire residential property in India?
Reserve Bank has granted general permission to foreign citizens of Indian origin, whether resident in India or abroad, to purchase immovable property in India for their bona fide residential purpose. They are, therefore, not required to obtain permission of Reserve Bank.

2) In what manner the purchase consideration for the residential immovable property should be paid by foreign citizens of Indian origin under the general permission?
The purchase consideration should be met either out of inward remittances in foreign exchange through normal banking channels or out of funds from NRE/FCNR accounts maintained with banks in India.

3) What are the various facilities available to NRI?
NRI’s are granted the following facilities:

  • - Maintenance of Bank accounts in India
  • - Investments in securities / shares of, and deposits with Indian firms/ companies
  • - Investments in immovable properties in India.

4) Are there any formalities required to be completed by foreign citizens of Indian origin for purchasing residential immovable property in India under the general permission?
They are required to file a declaration with form IPI 7 with the Central Office of Reserve Bank at Mumbai within a period of 90 days from the date of purchase of immovable property or final payment of purchase consideration along with a certified copy of the document evidencing the transaction and bank certificate regarding the consideration paid.

5) Can such property be sold without the permission of Reserve Bank?
A: Reserve Bank has granted general permission for sale of such property. However, where the property is purchased by another foreign citizen of Indian origin, funds towards the purchase consideration should either be remitted to India or paid out of balances in NRE/FCNR accounts.

6) Can sale proceeds of such property if and when sold be remitted out of India?
A: In respect of residential properties purchased on or after 26th May 1993, Reserve Bank considers applications for repatriation of sale proceeds up to the consideration amount remitted in foreign exchange for the acquisition of the property for two such properties. The balance amount of sale proceeds if any or sale proceeds in respect of properties purchased prior to 26th May 1993, will have to be credited to the ordinary non-resident rupee account of the owner of the property.

Tax Benefits in Home Loan

Availing a home loan comes with multiple benefits. Home loans let you achieve your goal of buying a new home and make you eligible for tax benefits. These tax benefits can contribute towards your EMI flow and savings. Take a look at the following points and calculate your tax benefits based on your loan amount.

The home loan borrower enjoys Tax Benefits on both Interest paid & the Principal re-paid. Under Section 24(b) of Income Tax, the deduction of interest payable on the home loan is up to a maximum of Rs. 2,00,000.

Under Section 80C of Income Tax, Principal amount for the repayment of loan along with other savings & investments is eligible for tax deduction up to a maximum limit of Rs. 1,50,000.

Loan Amount Interest Rate (%) Term (in years)
Monthly Payment (EMI) Total Interest Amount Monthly Interest

Contact Us

Contact Us

Corporate Office:

12th Floor, Dev Corpora, Cadbury Junction,
Eastern Express Highway, Khopat,
Thane (W)-400 601.
Ph: 022- 21729000 / 25448906 / 25383298

For Sales Query: 8108172271

SMS VIHANG to 56161