Realty developer House of Hiranandani has secured an acre of land in Mumbai’s Andheri East as part of its strategy to enhance its commercial real estate presence in the city’s evolving office market.
The company plans to invest over Rs 500 crore in developing a premium commercial tower on this site.
The project is projected to offer around 400,000 sq ft of leasable space, with construction set to commence within three to six months, pending regulatory approvals.
This development aims to meet the increasing demand for Grade A office spaces in Mumbai’s western suburbs, fueled by strong occupier interest and infrastructure improvements.
“This investment aligns with our broader strategy to fortify our commercial presence in Mumbai,” said Surendra Hiranandani, Chairman, House of Hiranandani. “Andheri East is ideally located near the Mumbai airport and boasts seamless metro connectivity, making it a key growth area. We anticipate robust leasing activity and sustainable long-term value from this venture,” he added.
JLL India served as the advisor for this transaction.
House of Hiranandani already has a significant presence in Andheri, with notable office projects that host tenants such as Crisil, Skechers, WeWork, and Marriott Hotels.
Additionally, the developer has a strong footing in Thane’s commercial real estate sector, with projects that include tenants like Tata Consultancy Services, IDFC Bank, ICICI Bank, and BNP Paribas.
This new acquisition brings House of Hiranandani’s total commercial portfolio to 8.5 million sq ft, highlighting its increasing focus on the office segment.
The company’s latest investment reflects ongoing confidence in Mumbai’s commercial property market, where enhanced connectivity, steady leasing trends, and infrastructure developments are transforming the city’s business centers.
