A New Era in Mumbai Real Estate

Welcome to a transformative chapter in Mumbai’s real estate landscape. House of Hiranandani, a leading name in the real estate industry, is embarking on a significant redevelopment project, committing an astounding ₹3,200 crore to revitalize five key housing societies across Mumbai.

Expanding Horizons: Presence Across Major Indian Cities

House of Hiranandani is not just limited to Mumbai. With a robust presence in the Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, and Chennai, the firm is well-positioned to influence the Indian real estate market on a grand scale.

A Massive Redevelopment Undertaking: 17 Lakh Square Feet of New Projects

In addition to the Mumbai projects, the company has announced the signing of redevelopment agreements for an impressive 17 lakh square feet, translating to a Gross Development Value (GDV) of ₹5,000 crore. This substantial investment underscores the company’s commitment to enhancing urban living spaces.

Focus on Chembur: Revitalizing Major Housing Societies

The major redevelopment focus is on five housing societies in Chembur, which collectively house 459 tenants. Key projects include:

Maitri Park in Chembur East, spanning approximately 9 acres.

Shrinagar Society in Chembur West, a cluster of four societies covering about six acres.

Strategic Vision: Completing Redevelopment in 4-5 Years

House of Hiranandani is in the process of obtaining all necessary approvals to ensure the redevelopment projects are completed within the next 4-5 years. This ambitious timeline reflects their commitment to enhancing the urban infrastructure swiftly and efficiently.

Words from Leadership: Surendra Hiranandani on Urban Renewal

Surendra Hiranandani, Chairman and Managing Director, emphasizes the strategic importance of these projects: “Redevelopment of established societies is a new opportunity that House of Hiranandani would like to explore. Mumbai city has no space for expansion. The older regions are filled with outdated buildings and inadequate infrastructure.”

He further elaborates, “Redeveloping these buildings is an ideal solution to unlock potential, create world-class infrastructure, and transform congested areas into sustainable, livable communities.”

A Legacy of Excellence: Over Four Decades in Real Estate

House of Hiranandani boasts over four decades of experience in the real estate sector. Their portfolio includes residential and commercial projects, with over 12 million square feet of commercial space constructed.

Track Record: Delivering 25,375 Homes and 45.82 Million Square Feet

To date, House of Hiranandani has successfully delivered 25,375 homes and developed 45.82 million square feet of real estate, setting a high standard for quality and innovation in the industry.

A Vision for the Future

House of Hiranandani’s latest redevelopment initiative represents a bold step towards modernizing Mumbai’s urban landscape. Their commitment to enhancing living conditions and infrastructure will undoubtedly set new benchmarks in the real estate sector.

Stay tuned for more updates on this exciting project and how it will reshape the future of Mumbai’s housing market.