The corporate plans to develop 1 million sq. toes of residential house on this undertaking, comprising round 700 models. The house dimension ranges between 490 sq ft to 1,150 sq ft of carpet space.
The corporate will make investments Rs 1,000 crore to faucet the rising mid and luxurious residence demand within the Panvel realty market,
The undertaking shall be funded by building finance and inner accruals. The ticket dimension ranges from Rs 70 lakh to over Rs 2 crore.
Niranjan Hiranandani- CMD- Hiranandani Communities, stated, “the launch of this new residential sector is in alignment with the market buoyancy as the corporate seeks to seize sturdy demand for branded luxurious houses post-COVID.”
In Hiranandani Fortune Metropolis, the corporate has already delivered 2200+ houses throughout 2.5 million sq. toes of residential house and a pair of million sq. toes of business house, housing Asia’s largest
He additional stated that “The Panvel realty market is at the moment booming as a brand new financial node with the commissioning of mega infrastructure tasks. This has already led to the rise in property costs index northwards.”
The area can also be witnessing the foray of many organised and branded builders to capitalise on the brand new progress alternatives, Hiranandani stated.
The Group has developed many mixed-used built-in townships throughout geographies like Powai, Thane, Panvel and Oragadam (Chennai).
The group has strategically forayed into rising actual property asset lessons like industrial and logistics parks, a knowledge centre that marks its pan-India presence. At present, the group can also be actively evaluating redevelopment tasks in Mumbai and MMR (Mumbai Metropolitan Area) markets.
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