House of Hiranandani to Invest Rs 12,500 Crore in Mumbai Metropolitan Region

By: Shrutika Kadam

Date:

November 13, 2024

House of Hiranandani, led by Surendra Hiranandani, has announced a massive investment of Rs 12,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) over the next 24 months. The company plans to develop over 7.3 million square feet of luxury residential and commercial space, capitalizing on the region’s infrastructure growth and rising demand for premium properties.

Key projects include:

– 25-acre integrated development in Hiranandani Estate, Thane

– Luxury towers ‘Castalia’ in Kandivali and ‘Belicia’ in Thane

– 350-acre township in Thane

– Redevelopment projects in Chembur and South Mumbai

The company’s commercial portfolio will also expand, adding 2.5 million square feet to its existing 4.5 million square feet of managed space. Surendra Hiranandani, CMD, said, “This investment will redefine MMR’s realty market with meticulously designed luxury projects, upholding our four-decade legacy.” Harsh Hiranandani, Director, added, “Our goal is to establish new benchmarks, creating developments that meet homebuyers’ and businesses’ aspirations.” This strategic expansion solidifies House of Hiranandani’s position as a leading player in MMR’s real estate market.

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