House of Hiranandani is a renowned brand name in the Indian Real Estate market. They declared that they are planning a strategic investment of Rs. 12,500 Cr to grow its presence in the Mumbai Metropolitan Region (MMR) in the next 24 months.
The luxury development is spread across 7.3 million sq ft. The company aims to make profit through premium commercial and residential properties in MMR.
A development of 25 acres land parcel is the highlight of this expansion emerging in Hiranandani Estate Thane.
The redevelopment opportunities include a 15 acre project in Chembur comprising Maitri Park and Srinagar with other land parcels in the Western suburbs. It is currently under talks for redevelopment projects in South Mumbai. They are also considering key micro markets within the town.
The company is expanding commercial projects in Mumbai and Thane along with housing. Currently, they possess 4.5 million sq ft of commercial space along with 2.5 million sq ft under construction which would be ready in the next 6 months.
The Chairman and Director of the company quoted that MMR presents itself as a tremendous opportunity due to Mumbai’s infrastructure development and emerging requirement for world-class spaces.Their projects are meticulously designed and planned to redesign the MMR realty market. House of Hiranandani curates its projects with thoughtful designing and engineering contributing to their vision and commitment. Their focus is to create top notch sustainable projects to enhance the urban system.
The Director of the company stated that they are experiencing high demand for state of the art commercial spaces and premium developments in the MMR region. Their goal is to maintain new standards in the real estate industry. This strategic investment would match the aspirations of businesses and present day home buyers.
The company operates on process driven approach with regular training of their designers, engineers, and other professionals to maintain high quality and productivity standards.
House of Hiranandani is known for self-financing its projects to achieve its objective to transform Mumbai’s urban landscape. This would be by enhancing the commercial appeal and livability quotient of the region.
