Hiranandani mulls JV worth Rs 3,000 crore

In talks with Xander, Brookfield for 3-mn-sq-ft project in Thane

After a $1-billion commercial property deal between developer Hiranandani and Canadian investor Brookfield in Mumbai last year, another mega one is in the works. This time the Mumbai-based property developer is trying to build a Rs 3,000-crore equity partnership for its three-million square feet (sq ft) project in Thane, said sources. 

Hiranandani is in separate talks with private equity investor Xander and Brookfield to form a joint venture for its commercial properties in an upmarket township called Hiranandani Estate, on the outskirts of Mumbai, said sources. 

Hiranandani Estate has about three million sq ft of office properties and 200,000 sq ft of