Realty developer House of Hiranandani has secured redevelopment rights for an over 3-acre land parcel in Mumbai’s western suburb Borivali (west) for a premium residential project, with a gross development value of over Rs 3,000 crore.
The development, with a total saleable carpet area of over 7.6 lakh sq ft, will include a mix of rehabilitation and free-sale inventory, comprising around 380 homes for existing members and over 850 residences for open market sale.
The move comes as developers continue to expand their presence across Mumbai’s western suburbs, driven by improving infrastructure connectivity and sustained demand for premium residential projects.
“The Mumbai Metropolitan Region is at an inflection point. The pace at which infrastructure, connectivity, and urban aspiration are converging here is unprecedented, and it is reshaping not just how people move through the city, but how they live in it. This ongoing transformation unlocks immense potential for the region, positioning it as one of the most dynamic urban ecosystems in the country”, said Surendra Hiranandani, CMD, House of Hiranandani.
The company has already registered the development agreement (DA) for the project, which is positioned to further strengthen its presence in Mumbai’s western coastal corridor, where demand for large-format, branded residential developments has remained resilient.
“We have received the Intimation of Disapproval (IOD) for the project. We are looking to launch this project in 3-4 months and deliver it in next 4-5 years,” said Harsh Hiranandani, Director, House of Hiranandani.
House of Hiranandani already has a presence in Mumbai's western suburbs, and this development marks a further deepening of that commitment as demand for branded, large-format residential development in the corridor continues to grow.
Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region’s property market, as the land-starved city and its peripheral areas have few vacant land parcels.
These projects enable the transformation of ageing residential communities into modern, well-planned living spaces in established neighbourhoods.
The redevelopment segment in Mumbai has seen increased activity, especially in eastern and western suburbs, due to constrained land availability and regulatory focus on replacing ageing building stock.
The development, with a total saleable carpet area of over 7.6 lakh sq ft, will include a mix of rehabilitation and free-sale inventory, comprising around 380 homes for existing members and over 850 residences for open market sale.
The move comes as developers continue to expand their presence across Mumbai’s western suburbs, driven by improving infrastructure connectivity and sustained demand for premium residential projects.
“The Mumbai Metropolitan Region is at an inflection point. The pace at which infrastructure, connectivity, and urban aspiration are converging here is unprecedented, and it is reshaping not just how people move through the city, but how they live in it. This ongoing transformation unlocks immense potential for the region, positioning it as one of the most dynamic urban ecosystems in the country”, said Surendra Hiranandani, CMD, House of Hiranandani.
The company has already registered the development agreement (DA) for the project, which is positioned to further strengthen its presence in Mumbai’s western coastal corridor, where demand for large-format, branded residential developments has remained resilient.
“We have received the Intimation of Disapproval (IOD) for the project. We are looking to launch this project in 3-4 months and deliver it in next 4-5 years,” said Harsh Hiranandani, Director, House of Hiranandani.
House of Hiranandani already has a presence in Mumbai's western suburbs, and this development marks a further deepening of that commitment as demand for branded, large-format residential development in the corridor continues to grow.
Real estate projects involving the redevelopment of old housing societies and rehabilitation are the mainstay of the Mumbai region’s property market, as the land-starved city and its peripheral areas have few vacant land parcels.
These projects enable the transformation of ageing residential communities into modern, well-planned living spaces in established neighbourhoods.
The redevelopment segment in Mumbai has seen increased activity, especially in eastern and western suburbs, due to constrained land availability and regulatory focus on replacing ageing building stock.
