House of Hiranandani Expands in Mumbai's Andheri East with ₹500 Crore Investment
Mumbai's real estate market is booming, and House of Hiranandani is making a significant move with a ₹500 crore investment in Andheri East to develop a premium commercial tower. The project is expected to offer 4 lakh sq. ft. of leasable area, further solidifying the company's presence in the city's thriving office market.
Real EstateCommercial DevelopmentMumbaiHouse Of HiranandaniAndheri EastReal Estate MumbaiOct 17, 2025
Surendra Hiranandani, Chairman of 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 include companies like Crisil, Skechers, WeWork, and Marriott Hotels. The company also has a strong presence in the commercial space segment in Thane, where marquee occupiers include Tata Consultancy Services, IDFC Bank, ICICI Bank, and BNP Paribas. The current total commercial portfolio of the brand is 8.5 million sq. ft.
The Mumbai-based developer has a diverse portfolio spanning multiple cities, including Mumbai, Thane, Chennai, Bengaluru, and Hyderabad. Notable projects include 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.
Centaurus is a 21-storeyed premium commercial tower spanning 1.9 million 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 leading India’s residential sales chart in Q3 2025. According to the latest data by real estate consultancy Knight Frank, Mumbai recorded the highest sales volume nationwide at 24,706 units, registering a marginal 2% YoY increase. “The stability in Mumbai's commercial sector is undeniable. With average transacted rents growing by a healthy 11% year-on-year, we have 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, attracting the highest investments and accounting for a share of 32%, followed by Pune (18%) and Bengaluru (16%).
Frequently Asked Questions
What is House of Hiranandani's latest investment in Andheri East?
House of Hiranandani has invested ₹500 crore to acquire a one-acre land parcel in Andheri East, Mumbai, for the development of a premium commercial tower.
What is the expected leasable area of the new commercial tower?
The new commercial tower in Andheri East is expected to offer a total leasable area of around 4 lakh sq. ft.
When is the construction of the new commercial tower expected to begin?
Construction of the new commercial tower is expected to begin in the next three to six months, subject to regulatory approvals.
What are some of the key occupiers in House of Hiranandani's existing commercial spaces in Andheri?
Key occupiers in House of Hiranandani's existing commercial spaces in Andheri include companies like Crisil, Skechers, WeWork, and Marriott Hotels.
How does Mumbai's real estate market perform in terms of equity investments?
Mumbai tops the real estate chart in equity investments, attracting the highest investments and accounting for a share of 32%.
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