Hiranandani's Andheri East: ₹500 CR. Commercial Leap.

House of Hiranandani, a leading real estate developer, has acquired a one-acre land parcel in Andheri East, Mumbai, as part of its strategic push into the city’s commercial real estate market.

The company plans to invest over ₹500 crore to develop a premium commercial tower with approximately 400,000 sq. ft. of leasable space. Construction is expected to commence within the next three to six months, pending regulatory approvals. The project responds to rising demand for Grade A office spaces in Mumbai’s western suburbs, driven by robust infrastructure development, Metro connectivity, and proximity to the Mumbai airport, enhancing the site's commercial viability.

Chairman Surendra Hiranandani emphasized the strategic importance of Andheri East and the long-term value this project is expected to deliver. JLL India acted as the transaction advisor.

This development expands the company’s footprint in Andheri and strengthens its commercial portfolio, which now spans 8.5 million sq. ft., housing marquee tenants such as Crisil, Skechers, WeWork, and Marriott Hotels.

News by Rahul Yelligetti.