House of Hiranandani, a premium Indian real estate brand, has announced a strategic investment of Rs 12,500 crore to expand its presence in Mumbai Metropolitan Region (MMR) over the next 24 months. The company plans to develop luxury residential and commercial properties, totaling 7.3 million square feet, across key urban pockets in MMR. This move aims to capitalize on the region’s infrastructure growth and rising demand for premium spaces.
Key projects include a 25-acre integrated development in Hiranandani Estate, Thane, and luxury towers like ‘Castalia’ in Kandivali and ‘Belicia’ in Panch Pakhadi, Thane. The company is also redeveloping 15-acre projects in Chembur and exploring opportunities in South Mumbai and western suburbs. Its commercial portfolio will expand with 2.5 million square feet of space under construction, adding to its existing 4.5 million square feet.
Chairman and Managing Director Surendra Hiranandani stated, “Mumbai’s infrastructure growth presents a tremendous opportunity for us… We will redefine the MMR realty market through meticulously designed luxury projects.” Director Harsh Hiranandani added, “Our goal is to establish new benchmarks… creating developments that speak to the aspirations of homebuyers and businesses.” House of Hiranandani’s self-financing model showcases its financial stability, aiming to enhance MMR’s livability and commercial appeal.
