Hiranandani: Rs 3,000 Cr Revenue in Mumbai Redevelopment
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House of Hiranandani to redevelop 3-acre Mumbai project, expecting Rs 3,000 cr revenue from 7.6 lakh sq ft saleable area.
New Delhi, Apr 28 (PTI) Realty firm House of Hiranandani will redevelop a 3-acre project in Mumbai and is expecting a revenue of around Rs 3,000 crore from 7.6 lakh sq ft saleable area.
In a statement on Tuesday, the company said it has "secured redevelopment rights for an approximately 3-acre plot in Borivali West, Mumbai".
The company will develop a premium residential project with an estimated revenue potential of Rs 3,000 crore.
The project will include 380 homes for existing members, along with 850+ free-sale residences across 7.6 lakh sq ft of saleable carpet area, it added.
Mumbai-based House of Hiranandani group, founded by Surendra Hiranandani, has projects across Mumbai, Thane, Chennai, Bengaluru, and Hyderabad. It has developed more than 50 million sq ft so far.
In a statement on Tuesday, the company said it has "secured redevelopment rights for an approximately 3-acre plot in Borivali West, Mumbai".
The company will develop a premium residential project with an estimated revenue potential of Rs 3,000 crore.
The project will include 380 homes for existing members, along with 850+ free-sale residences across 7.6 lakh sq ft of saleable carpet area, it added.
Mumbai-based House of Hiranandani group, founded by Surendra Hiranandani, has projects across Mumbai, Thane, Chennai, Bengaluru, and Hyderabad. It has developed more than 50 million sq ft so far.
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