House Of Hiranandani
Realty firm House of Hiranandani plans to invest Rs 12,500 cr in Mumbai
Realty firm House of Hiranandani on Tuesday said it will invest Rs 12,500 crore over the next two years to develop multiple projects in Mumbai Metropolitan Region (MMR). In a statement, the company said it will develop five projects in MMR with an investment of Rs 12,500 crore. The investments, to be met through equity and internal accruals, will be made in the total development of these five projects including land acquisition, construction, and other costs. House of Hiranandani Chairman and Managing Director Surendra Hiranandani, said, "Mumbai's infrastructure development and growing demand for world-class spaces presents a tremendous opportunity for us in MMR. With this investment we are set to redefine the MMR realty market through our meticulously designed and planned luxury projects." The company will develop a 25-acre land parcel in Hiranandani Estate, Thane. It is already developing some premium luxury towers such as Castalia', located in Kandivali, Belicia' in Panch Pakhad
Hiranandani to invest Rs 3,200 cr to redevelop 5 Mumbai housing societies
Realty firm House of Hiranandani will invest Rs 3,200 crore to redevelop five housing societies in Mumbai. The company has presence in Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad and Chennai. The company said it has signed additional redevelopment projects of 17 lakh square feet with a GDV (Gross Development Value) of Rs 5,000 crore. "The company has entered into registered development agreements with five major housing societies in Chembur and plans to invest Rs 3,200 crore," House of Hiranandani said in a statement. These five housing societies in Chembur comprising 459 tenants include redevelopment of Maitri Park in Chembur East, admeasuring about 9 acres and Shrinagar Society in Chembur West, a cluster of four societies admeasuring about six acres. The company said it is in the process of securing necessary approvals and plans to complete the redevelopment within the next 4-5 years. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani said, ..
House of Hiranandani looks at expanding to NCR and Pune
The company today launched a 161-metre tall residential project in Chennai
