House of Hiranandani is set to invest over Rs 12,500 crore to strengthen its development portfolio by around 10 million sq. ft. through acquisitions and greenfield projects in Mumbai Metropolitan Region (MMR) in the next two years.

The investment will be channelised into greenfield projects spread over 4.7 million sq. ft. and redevelopment projects of 2.6 million sq. ft. across various locations in the Mumbai region. The financing will be through 'equity and internal accruals'. Boasting a pipeline in luxury residential development to the tune of over 7.3 million sq. ft., the region’s infrastructure growth backed by government initiatives, along with demand for premium residential and commercial properties are key drivers.

A key project is an integrated development of a 25-acre land parcel in Hiranandani Estate, Thane. The firm is currently developing premium luxury projects in Kandivali and Panch Pakhadi, Thane, as well as a 350-acre township in Thane. It has also identified redevelopment project opportunities in the Mumbai region, including a 15-acre project consisting of two large housing societies in Chembur. The plan is to start these in the current financial year. 

The company’s current development portfolio spans across Mumbai, Thane, Chennai, Bengaluru, and Hyderabad. It includes commercial development of over 12 million sq. ft. of office spaces for small-scale entrepreneurs and large corporate entities including Tata Consultancy Services (TCS).