The House of Hiranandani, led by Surendra Hiranandani, has announced a strategic investment of INR 12,500 crore to expand its footprint in the Mumbai Metropolitan Region (MMR) over the next two years. This initiative includes luxury developments spanning over 7.3 million square feet and key projects in Thane and Chembur. With a growing commercial portfolio and a commitment to sustainable luxury, the company aims to enhance the urban landscape and meet the rising demand for premium residential and commercial spaces in the region.
The House of Hiranandani, led by Surendra Hiranandani, a prestigious name in the Indian real estate sector, has announced a strategic investment of INR 12,500 crore to strengthen its presence in the Mumbai Metropolitan Region (MMR) over the next 24 months. With plans for luxury developments spanning over 7.3 million square feet, the House of Hiranandani aims to leverage the region's infrastructure growth alongside the increasing demand for premium residential and commercial properties.
A key highlight of this expansion in the MMR includes an integrated development of a 25-acre land parcel in Hiranandani Estate, Thane. The company is already developing several premium luxury towers, such as 'Castalia' in Kandivali, 'Belicia' in Panch Pakhadi, Thane, and a vast 350-acre township in Thane, among others.
The company has also identified various redevelopment opportunities within the MMR, including a 15-acre project in Chembur encompassing Maitri Park and Shrinagar, as well as other land parcels in the western suburbs. It is currently engaged in advanced discussions regarding redevelopment projects in South Mumbai, with additional key micro-markets across the city also under consideration.
Alongside its residential offerings, the company is expanding its commercial portfolio in Mumbai and Thane. It currently manages 4.5 million square feet of commercial space, with another 2.5 million square feet under construction, which is anticipated to be completed within the next six months. This expansion further establishes the company as a significant player in MMR's commercial real estate market.
Surendra Hiranandani, Chairman and Managing Director and the design and engineering visionary behind the group, commented on the expansion, noting that Mumbai's infrastructure development and rising demand for world-class spaces present a significant opportunity for the company in the MMR. He expressed that this investment is set to redefine the MMR realty market through meticulously designed luxury projects. He stated that the House of Hiranandani is a powerhouse of design and engineering, with its projects reflecting their vision and commitment. He emphasised that their expertise would continue to uphold their four-decade legacy of creating high-quality sustainable developments that enhance the urban landscape.
The expansion is spearheaded by Harsh Hiranandani, Director, who has been driving the company's growth and operations in the MMR market since 2016. He noted that Mumbai's real estate market is evolving, with a noticeable demand for premium developments and state-of-the-art commercial spaces in the MMR. He shared that their goal is to set new benchmarks in the industry and that this strategic step will result in developments that align with the aspirations of modern homebuyers and businesses.
The company's capabilities are further reinforced by its structured approach to business. Harsh Hiranandani explained that they operate with a process-driven mindset, regularly training their engineers, designers, and other professionals to enhance productivity and uphold high-quality standards.
In the residential segment, the company will continue its focus on luxury projects. When defining luxury, Surendra Hiranandani explained that it extends beyond the aesthetics of a product. He stated that it encompasses the overall experience a customer gains while residing in a project, including the comfort and the positive impact on their health and wellness. He highlighted that luxury is about the art of combining essential elements to create a beautiful living experience.
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