House of Hiranandani aims Rs 3k cr revenue from redevelopment project in Mumbai

Realty firm House of Hiranandani will redevelop a 3-acre project in Mumbai and is expecting a revenue of around Rs 3,000 crore from 7.6 lakh sq ft saleable area. The company will develop a premium residential project with an estimated revenue potential of Rs 3,000 crore.

Realty firm House of Hiranandani will redevelop a 3-acre project in Mumbai and is expecting a revenue of around Rs 3,000 crore from 7.6 lakh sq ft saleable area. In a statement on Tuesday, the company said it has ''secured redevelopment rights for an approximately 3-acre plot in Borivali West, Mumbai''. The company will develop a premium residential project with an estimated revenue potential of Rs 3,000 crore. The project will include 380 homes for existing members, along with 850+ free-sale residences across 7.6 lakh sq ft of saleable carpet area, it added. Mumbai-based House of Hiranandani group, founded by Surendra Hiranandani, has projects across Mumbai, Thane, Chennai, Bengaluru, and Hyderabad. It has developed more than 50 million sq ft so far.