Real estate developer House of Hiranandani has acquired a one-acre land parcel in Andheri East, Mumbai, as part of its strategic expansion in the city’s commercial real estate segment.

The firm plans to invest over Rs 500 crore to develop a premium commercial tower offering approx. 4,00,000 sq. ft. of leasable space. Construction is expected to begin within three to six months, subject to approvals. This move comes in response to the growing demand for Grade A office spaces in Mumbai’s western suburbs, driven by robust infrastructure and Metro connectivity. The location’s proximity to Mumbai airport further enhances its commercial appeal.

The company’s Chairman, Surendra Hiranandani, highlighted the strategic importance of Andheri East and the expected long-term value from this project. JLL India advised on the transaction. This project adds to the firm’s existing Andheri presence and strengthens its overall commercial portfolio, now totalling 8.5 million sq ft, including notable tenants such as Crisil, Skechers, WeWork, and Marriott Hotels.