Real Estate

Real Estate Transactions

Hiranandani Group to invest Rs.1,000-Cr to develop 2 mn sq ft offices in Thane

Economic Times  

Realty developer Hiranandani Group will be investing over INR 1,000 crore to develop around 2 million sq ft additional commercial real estate at its 350-acre Hiranandani Estate township on Ghodbunder Road in Thane near Mumbai. The company has already developed over 4.1 million sq ft commercial space at Hiranandani Business Park in this township including build-to-suit standalone office towers for Tata Consultancy Services and Bayer Cropscience. Of this, the developer has just completed 0.6-million-sq-ft, 25-storey office tower, Quantum and has received occupation certificate from the Thane civic authority for the same. The company is currently in talks with corporates to lease this separate tower.