With an investment of more than Rs.3, 200 crore, House of Hiranandani has inked two agreements to renovate five housing societies spread across 15 acres in Chembur, Mumbai.
These projects have a gross development value of more than Rs.5,000 crore and are anticipated to unlock development potential spanning over 1.7 million square feet.
Maitri Park (9 acres) in Chembur East and Shrinagar Society (6 acres) in Chembur West are part of the renovation. In order to finish the projects in four to five years, the developer is obtaining approvals.
With better infrastructure, we hope to revitalize older regions," House of Hiranandani CMD Surendra Hiranandani stated. Additionally, the business is looking into additional redevelopment possibilities in Central and South Mumbai.
The goals of House of Hiranandani are slum rehabilitation as well as residential society renovation. In Kandivali, their first reconstruction project is scheduled for completion in 2025. The state government's reduction in stamp duty has additionally prompted the renovation of dilapidated structures in Mumbai and other cities.
In the past, the developer has completed over 45.82 million square feet of residential and commercial development, delivering 25,375 residences.
On October 9 and 10, 2024, the Jio Convention Centre in Mumbai will host the 14th RAHSTA Expo, which is a component of the India Construction Festival.
In the month of March, House of Hiranandani has honored as a Great place to work in India certified from December 2023 to December 2024. This certification remarked the unique work culture of company accompanied with their standards of brilliance, novelty, modernism & teamwork. Also it replicated the optimistic practices of employees within the company & underscores their fulfillments & performances.
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