Hiranandani Group has decided to invest ₹700 crore in developing a 2 million square feet office building at Thane on the outskirts of Mumbai. Niranjan Hiranandani, Founder & MD of Hiranandani Group informed that the group is developing a total of 2.6 million square feet 'Hiranandani Business Park' in its township Hiranandani Estate, which is spread over 350 acres on Ghodbunder Road in Thane. The construction of a 2 million square feet 'Centaurus' tower will be completed by December 2022 at an investment of ₹700 crore.
The group has a proven track record of delivering 3.5 million square feet of commercial space in Thane that signifies its scalability, modularity and sustainability. The two office buildings are suitable for corporate and MNCs, which are looking at consolidation and expansion in central locations. Customer segmentation and demand has evolved through the COVID pandemic crisis. The new commercial towers are strategically developed based on the principle of 'Conscious Consumerism' a decision well informed and aimed to have a positive social, environmental, and economic impact. The consequential benefit of office spaces moving closer to employee homes will lead to carbon neutrality, enhanced productivity and increased employee retain-ability.