House of Hiranandani, known for developing integrated communities in the Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, and Chennai, is reportedly expanding its presence in the redevelopment sector in Mumbai. The company recently announced that it had signed redevelopment projects covering 17 lakh sq. ft. with a Gross Development Value (GDV) of INR 5,000 crore.

It was also shared that House of Hiranandani had entered into registered development agreements with five major housing societies in Chembur and planned to invest INR 3,200 crore. These five housing societies, comprising 459 tenants, include the redevelopment of Maitri Park in Chembur East, spanning approximately nine acres, and the Shrinagar Society in Chembur West, which consists of a cluster of four societies measuring roughly six acres. The company was said to be in the process of securing necessary approvals and aimed to complete the redevelopment within the next 4-5 years. House of Hiranandani's projects across MMR, Chennai, and Bengaluru were recognised for holistic redevelopment, which integrates thoughtful placemaking and urban planning.

Surendra Hiranandani, Chairman and Managing Director of House of Hiranandani, reportedly expressed that the redevelopment of established societies was a new opportunity that the company was keen to explore. He pointed out that Mumbai no longer had space for expansion and that many older areas of the city were filled with ageing, dilapidated buildings with inadequate infrastructure. He believed that, considering the limited availability of space, redeveloping these buildings was the ideal solution to unlock the potential of these areas, create world-class infrastructure and amenities for residents, and transform congested spaces into planned, sustainable, and liveable communities.

At the forefront of creating integrated communities, the company has been shaping the real estate landscape for over four decades. Their distinctive approach to design and planning has redefined industry standards, seamlessly blending architectural elegance with practical functionality. With a solid foundation in design and engineering, their developments are recognised for meticulous attention to detail, thorough research, and their signature neoclassical architecture that stands the test of time. Each project reflects their belief in combining heritage and modernity to deliver spaces that are not only visually appealing but also built to endure.

Their landmark developments, such as Hiranandani Gardens in Powai and Hiranandani Estate in Thane, serve as prime examples of how thoughtful planning and a comprehensive vision can create communities that elevate living standards. The societies in Chembur present yet another opportunity for them to set a new benchmark in residential development, enhancing the quality of life for residents while offering a harmonious, well-designed environment. In addition to Chembur, the company is looking forward to aggressively exploring other locations for redevelopment in Mumbai. Their recent redevelopment project, Castalia in Kandivali, is expected to be completed by 2025.

Prominent markets for redevelopment projects include areas in South Mumbai and Central Mumbai. House of Hiranandani has set up dedicated teams to focus on both society redevelopment and Slum Rehabilitation Authority (SRA) redevelopment. The goal of these teams is to create landmark developments in the city while unlocking value for the company and tenants alike.

With a legacy of over four decades in the real estate industry, House of Hiranandani invests significantly in research and development to ensure its projects exceed industry benchmarks and redefine engineering and design standards. The company is also committed to maintaining the local ecology at its project sites, conducting research and implementing thoughtful horticultural practices through a team of more than 100 members working across locations.

The brand is now synonymous with excellence and consistently aims to create value for all stakeholders at every stage of development. House of Hiranandani has reshaped the real estate landscape in Mumbai, Bengaluru, Chennai, and Hyderabad with its signature neighbourhoods that offer residents a holistic living experience. In addition to residential projects, the company has developed over 12 million sq. ft. of commercial space. To date, House of Hiranandani has delivered 25,375 homes, developed 45.82 million sq. ft. of residential and commercial space, educated 89,664 students, and planted over 61,670 trees.

In conclusion, House of Hiranandani continues to set new benchmarks in the real estate industry through its innovative redevelopment projects and commitment to sustainable urban development. With a rich legacy spanning over four decades, the company remains focused on creating landmark developments that enhance the quality of life for residents and bring value to all stakeholders. As it expands its footprint in key markets like South and Central Mumbai, House of Hiranandani's dedication to excellence in design, engineering, and environmental responsibility ensures that it remains a leader in shaping the future of urban living.