House of Hiranandani expands to Mumbai's Andheri East with ₹500 cr investment

Real estate developer House of Hiranandani has expanded its commercial portfolio with the acquisition of a one-acre land parcel in Andheri East, Mumbai, with an investment of around ₹500 crore to develop a premium commercial tower, marking its latest push in the city’s thriving office market. The upcoming project will offer a total leasable area of around 4 lakh sq. ft., with construction expected to begin in the next three to six months, subject to regulatory approvals.

Surendra Hiranandani, Chairman, House of Hiranandani, said, “This investment is part of the company’s broader plan to strengthen its commercial footprint across Mumbai. Andheri East is strategically located in proximity to the Mumbai airport and offers seamless metro connectivity, positioning it as a prime growth corridor. We expect strong leasing traction and enduring long-term value from this development.”

House of Hiranandani already has a significant presence in Andheri, with key office spaces such as Lightbridge, Lighthall and Fulcrum. Its existing occupiers in these towers are Crisil, Skechers, WeWork, and Marriott Hotels, among others. It also has a strong presence in the commercial space segment in Thane. Tata Consultancy Services, IDFC Bank, ICICI Bank, and BNP Paribas are some of the marquee occupiers in Hiranandani Estate, Thane. The current total commercial portfolio of the brand is 8.5 mn sq.ft.

The Mumbai-based developer has a portfolio spanning Mumbai, Thane, Chennai, Bengaluru, and Hyderabad, including projects like Hiranandani Gardens in Powai, Hiranandani Estate, and Hiranandani Meadows in Thane.

Last year, House of Hiranandani launched the commercial development Centaurus and introduced Westgate in Thane in the residential segment, which has been rolled out in multiple phases to date.

Centaurus is a 21-storeyed premium commercial tower spanning 1.9 mn sq.ft. of workspace within the Hiranandani Business Park, Thane. Part of the 350+ acre Hiranandani Estate, it offers flexible office spaces, a floor plate of 96,000 sq.ft., and a floor-to-floor height of 4.2 meters, blending neoclassical architecture, lavish interiors, and modern amenities. Hiranandani Westgate houses 1,844 residential units in the first phase, with prices starting at ₹1.69 crore. The brand is eyeing ₹4,300 crore from the phase 1 of the project.

Mumbai’s real estate market continued to demonstrate healthy momentum in the third quarter of 2025, with the city continuing to lead India’s residential sales chart in Q3 2025, recording the highest sales volume nationwide at 24,706 units, registering a marginal 2% YoY increase, as per the latest data by real estate consultancy Knight Frank data. "The stability in Mumbai's commercial sector is undeniable. With average transacted rents growing by a healthy 11% year-on-year, we have now seen thirteen consecutive quarters of stable or positive rental growth. This sustained performance, coupled with a significant 94% surge in new completions, signals a healthy and mature market where demand for high-quality Grade A space remains robust, confirming Mumbai's status as a premier commercial destination,” said Gulam Zia, Senior Executive Director, Knight Frank India.

The city also tops the real estate chart in equity investments, with the city attracting the highest investments, accounting for a share of 32%, followed by Pune (18%) and Bengaluru (16%).