Hiranandani Group's Empress Hill in Powai is a luxurious residential development witnessing remarkable demand. Within a week of its launch, it has achieved sales worth Rs 1,100 crore, with half of its available properties already sold. The project, with 330 units in three towers, offers three and four-bedroom configurations and is expected to be completed by FY26, with an investment of Rs 2,000 crore. Targeting affluent homebuyers, this project reflects the growing interest in upscale housing due to the COVID-19 pandemic, increased disposable income, job opportunities, and a preference for luxurious living. It has received positive feedback from both domestic HNIs and NRIs, emphasizing punctual delivery, quality, value appreciation, and rental returns.
Hiranandani's new project, Empress Hill in Powai, is a luxurious residential development known for its contemporary design and upscale amenities. Nestled in the serene surroundings of Powai, it offers a blend of modern living and natural beauty, catering to the needs of discerning homebuyers. Hiranandani Group has built 83 lakh square feet of residential space in the Hiranandani Gardens township at Powai, with an additional 6 lakh square feet currently under development.
Additionally, the group has constructed 45 lakh square feet of commercial space. In total, the group has completed and delivered approximately 48 million square feet of real estate, comprising 35 million square feet for residential properties and close to 14 million square feet for commercial and retail properties across various locations such as Powai, Panvel, Thane, Chennai, Ahmedabad, and Pune.
The latest high-end development by the Hiranandani Group in Powai, Empress Hill has achieved sales amounting to Rs 1100 crore within a week of its launch, with half of its available properties sold. The initial phase of this upscale residential complex comprises 330 units spread across three towers, featuring three and four-bedroom configurations ranging from 1100 to 1600 square feet. The Hiranandani Group has committed an investment of Rs 2000 crore towards this project, slated for completion by FY26. The pricing of the units at Empress Hill ranges from Rs 5 crore to Rs 10 crore.
Niranjan Hiranandani, the Founder and MD of the Hiranandani Group, highlighted that the surge in demand for upscale housing in major property markets is a result of the Covid pandemic and fluctuations in global economics. He also emphasized that various key factors, such as increased disposable income, the exploration of alternative income sources, a robust job market, a flourishing financial landscape, and a strong preference for luxurious apartments, are indicative of a growing interest among affluent homebuyers.
The project has garnered positive feedback from both domestic High Net Worth Individuals (HNIs) and Non-Resident Indian (NRI) homebuyers who prioritize punctual delivery, superior quality, consistent value appreciation, and higher rental returns. Hiranandani's Empress Hill in Powai represents a promising opportunity for those seeking a sophisticated and luxurious living experience. With its premium amenities, modern design, and serene surroundings, the project aims to cater to the desires of those looking for a blend of comfort and natural beauty.
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