+
Hiranandani Invests Rs 3,200 Crore to Redevelop 5 Chembur Societies
Real Estate

Hiranandani Invests Rs 3,200 Crore to Redevelop 5 Chembur Societies

House of Hiranandani has signed two agreements to redevelop five housing societies across 15 acres in Chembur, Mumbai, with an investment of over Rs 3,200 crore. These projects are expected to unlock over 1.7 million sq ft of development potential and have a gross development value exceeding Rs 5,000 crore.

The redevelopment includes Maitri Park in Chembur East (9 acres) and Shrinagar Society in Chembur West (6 acres). The developer is securing approvals and aims to complete the projects in 4-5 years.

"We aim to transform older areas with improved infrastructure," said Surendra Hiranandani, CMD of House of Hiranandani. The company is also exploring more redevelopment opportunities in South and Central Mumbai.

House of Hiranandani is focusing on both residential society redevelopment and slum rehabilitation. Their first redevelopment project in Kandivali will be completed in 2025. The state government's stamp duty relief has also encouraged the redevelopment of aging buildings in Mumbai and other cities.

The developer has previously delivered 25,375 homes and developed over 45.82 million sq ft across residential and commercial projects.

House of Hiranandani has signed two agreements to redevelop five housing societies across 15 acres in Chembur, Mumbai, with an investment of over Rs 3,200 crore. These projects are expected to unlock over 1.7 million sq ft of development potential and have a gross development value exceeding Rs 5,000 crore. The redevelopment includes Maitri Park in Chembur East (9 acres) and Shrinagar Society in Chembur West (6 acres). The developer is securing approvals and aims to complete the projects in 4-5 years. We aim to transform older areas with improved infrastructure, said Surendra Hiranandani, CMD of House of Hiranandani. The company is also exploring more redevelopment opportunities in South and Central Mumbai. House of Hiranandani is focusing on both residential society redevelopment and slum rehabilitation. Their first redevelopment project in Kandivali will be completed in 2025. The state government's stamp duty relief has also encouraged the redevelopment of aging buildings in Mumbai and other cities. The developer has previously delivered 25,375 homes and developed over 45.82 million sq ft across residential and commercial projects.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code