Advertisement
Realty developer House of Hiranandani has announced its plans to invest about INR 500 crore in a new commercial project located in Andheri East, Mumbai. The company, known for its large-scale residential and commercial developments, has recently acquired a one-acre plot for this purpose. The project will feature a premium-grade commercial tower with a total leasable space of nearly 4 lakh sq ft. With this investment, the company intends to strengthen its foothold in Mumbai's rapidly evolving office market.
House of Hiranandani recently announced it would be investing nearly INR 500 crore to develop a new commercial project in Andheri East, one of Mumbai's most prominent business districts. In its official announcement, the company mentioned that it had recently acquired a one-acre land parcel for the upcoming development, which will feature a premium commercial tower designed to cater to modern business needs. Advertisement
According to the firm, the planned project will offer a total leasable area of approximately 4 lakh sq ft, positioning it among the significant upcoming commercial additions in the city. The company said the new tower would be built to international standards, incorporating sustainable and energy-efficient design principles. The development aims to attract businesses seeking high-quality office spaces with excellent connectivity and access to key infrastructure.
House of Hiranandani, a reputed name in India's real estate sector, has already developed more than 50 million sq ft of real estate and delivered over 26,600 homes across various cities. Its existing portfolio includes both residential and commercial spaces known for architectural excellence and premium amenities. The company said this new project aligns with its long-term strategy to diversify its asset base and expand within Mumbai's prime micro-markets.
By launching a premium commercial tower in Andheri East, House of Hiranandani continues to reinforce its commitment to creating high-quality, sustainable developments in Mumbai's real estate landscape. The project is expected to contribute to the growing demand for modern office spaces in the city, offering flexible layouts and a host of contemporary features. This investment highlights the developer's confidence in Mumbai's commercial property market and its long-term growth potential.
Source - PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
