NEW DELHI: House of Hiranandani plans to invest Rs 12,500 crore to expand its presence in Mumbai metropolitan region (MMR) in next 24 months.
The company will develop an integrated development of 25-acre land in Hiranandani Estate, Thane. It will also redevelop a 15-acre project in Chembur consisting of Maitri Park and Shrinagar, and other land parcels in western suburbs. It is currently in advanced discussion for redevelopment projects in South Mumbai.
In addition to housing, the company is expanding its commercial portfolio in Mumbai and Thane. It currently manages 4.5 million sq ft of commercial space with an additional 2.5 million sq ft under construction, expected to be completed within the next six months.
