Hiranandani Group to develop 2 million sq ft office at Rs 1,000 cr

14 Jul 2021 CW Team

Real estate major Hiranandani Group will invest more than Rs 1,000 crore for developing a two million sq ft office space at the 350 acre Hiranandani Estate township on Ghodbunder Highway in Thane.

The company has already developed more than 4.1 million sq ft business area in Hiranandani Business Park, together with build-to-suit standalone workplace towers for Tata Consultancy Services (TCS) and Bayer Cropscience.

The developer has accomplished a 0.6 million sq ft, 25 storey workplace tower, Quantum, has acquired occupation certificates from Thane civic body for a similar. The company is currently in superior talks with corporates to lease the separate tower.

MD of Hiranandani Group, Niranjan Hiranandani, said that the robust response in the improvement in the location has inspired the company to invest in adding a 2 million sq ft workplace area. Worth offices near a worthy place in a built-in township are the perfect future of labour in this situation of the Covid-19.

The new business improvement of a standalone 21 storey business tower, Centaurus, spanning around 2 million sq ft, shall be accomplished by December 2022.

Funding is the biggest for any developer for business actual property development in Thane, attracting occupiers from the banking, monetary companies and insurance coverage (BFSI), data and IT companies, prescription drugs, analysis and improvement, transport and world logistics companies.

These business workplaces accord with the new business demand that provides a workplace close to the property. In this pandemic, distant working has garnered traction in the business. To cater for the pattern, the business towers offer a stroll to the work-sphere, harmonising workers wellness and buyer centricity. These are the parameters for new watchwords in business actual property, Niranjan said.

Image Source

Also read: Commercial real estate investments at $1.35 bn in Q1 FY21

Also read: Developers to build housing parks in place of IT parks in Chennai

Real estate major Hiranandani Group will invest more than Rs 1,000 crore for developing a two million sq ft office space at the 350 acre Hiranandani Estate township on Ghodbunder Highway in Thane. The company has already developed more than 4.1 million sq ft business area in Hiranandani Business Park, together with build-to-suit standalone workplace towers for Tata Consultancy Services (TCS) and Bayer Cropscience. The developer has accomplished a 0.6 million sq ft, 25 storey workplace tower, Quantum, has acquired occupation certificates from Thane civic body for a similar. The company is currently in superior talks with corporates to lease the separate tower. MD of Hiranandani Group, Niranjan Hiranandani, said that the robust response in the improvement in the location has inspired the company to invest in adding a 2 million sq ft workplace area. Worth offices near a worthy place in a built-in township are the perfect future of labour in this situation of the Covid-19. The new business improvement of a standalone 21 storey business tower, Centaurus, spanning around 2 million sq ft, shall be accomplished by December 2022. Funding is the biggest for any developer for business actual property development in Thane, attracting occupiers from the banking, monetary companies and insurance coverage (BFSI), data and IT companies, prescription drugs, analysis and improvement, transport and world logistics companies. These business workplaces accord with the new business demand that provides a workplace close to the property. In this pandemic, distant working has garnered traction in the business. To cater for the pattern, the business towers offer a stroll to the work-sphere, harmonising workers wellness and buyer centricity. These are the parameters for new watchwords in business actual property, Niranjan said. Image Source Also read: Commercial real estate investments at $1.35 bn in Q1 FY21 Also read: Developers to build housing parks in place of IT parks in Chennai

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..