The Group is going to focus on commercial development and industrial townships. It is now set to develop 250-acre land in Pune and 160 acres in Chennai, Niranjan Hiranandani, CMD of Hiranandani Group of companies said.
Mumbai, January 16: over the next five years, the Mumbai-based developer Hiranandani Group is planning to boost up its commercial portfolio by 10-15% annually through new projects.
In Mumbai Metropolitan Region (MMR) and Ahmedabad, Major realty player will be adding 5 million sq ft in the two years ending December 2017. As per the sources, this reputed Group is planning to develop an industrial township of 160-acre Park in Chennai and a 250-acre industrial township in Talegaon in Pune.
Niranjan Hiranandani, CMD of Hiranandani Group of companies said that the company believes in the Prime Minister Modi’s vision of `Make in India’ that will boost both industrial and commercial activity in the country in coming term. That is why the group is set to grow its commercial footprint and initiate the new industrial space building. We will be focusing on industrial townships and commercial development. It is now set to develop 250-acre land in Pune and 160 acres in Chennai, Niranjan Hiranandani, CMD of Hiranandani Group of companies added.
The company has totally completed acquisition of 160-acre land for an industrial township project in Chennai. Further, it has kicked off the first phase of construction for the industrial township in Pune. Spread over 50 acres, Pune Industrial Township is expected to be completed in 4 phases. In its addition to its commercial portfolio, the company is developing 4 lakh sq ft projects in GIFT SEZ in Gandhinagar, 3.5 million sq ft in Thane and 2 million sq ft of commercial properties in Panvel, Hiranandani further said in his comment.
Author: Akash Singh
Akash Singh is a passionate free lance writer based in Noida. He’s designed the content for various reputed online financial and real estate portals. He has completed his Bachelor’s in Management from Mumbai University and has earned his MBA International Business (HR) Degree from prestigious Amity University. He loves to invest his time in the laps of nature, and enjoys life to the fullest.