House of Hiranandani Commits Rs 3,200 Crore for Mumbai Housing Redevelopment

House of Hiranandani will invest Rs 3,200 crore to redevelop five housing societies in Mumbai, with a focus on transforming dilapidated buildings into sustainable communities. Spanning an area including Maitri Park and Shrinagar Society, the project aims for completion in the next 4-5 years.

Realty firm House of Hiranandani has announced an investment of Rs 3,200 crore to redevelop five housing societies in Mumbai.

The company, which also operates in MMR, Bengaluru, Hyderabad, and Chennai, signed redevelopment projects totaling 17 lakh square feet with a projected GDV of Rs 5,000 crore.

The registered development agreements cover societies in Chembur, incorporating areas such as Maitri Park and Shrinagar Society. Completion is targeted within 4-5 years, aiming to replace old, insufficient infrastructure with modern, sustainable amenities.

(With inputs from agencies.)