House of Hiranandani Invests ₹12,500 Cr in MMR Expansion
Led by Surendra Hiranandani, House of Hiranandani has committed ₹12,500 crore to expand its presence in the Mumbai Metropolitan Region (MMR) over the next two years, targeting 7.3 million sq. ft. of luxury developments. This expansion aims to capitalize on MMR’s infrastructure growth and the demand for high-end residential and commercial properties.
Highlights of this strategic investment include a 25-acre integrated development in Hiranandani Estate, Thane, along with luxury towers such as Castalia in Kandivali and Belicia in Panch Pakhadi, Thane. In Chembur, a 15-acre redevelopment project comprising Maitri Park and Shrinagar is underway, with other redevelopment opportunities in South Mumbai and various western suburbs under advanced discussions.
Beyond residential projects, the company is also expanding its commercial portfolio, with 4.5 million sq. ft. already operational and an additional 2.5 million sq. ft. of commercial space nearing completion in Mumbai and Thane within six months.
Chairman and Managing Director, Surendra Hiranandani, the design and engineering genius behind the group, commented on the expansion stating, "Mumbai’s infrastructure development and growing demand for world-class spaces presents a tremendous opportunity for us in MMR. With this investment we are set to redefine the MMR realty market through our meticulously designed and planned luxury projects. House of Hiranandani is a powerhouse of design and engineering and our projects are testament of our vision and commitment. Through our expertise we will continue to uphold our four decade legacy of creating high-quality sustainable developments that enhance the urban fabric.”
