Hiranandani Group was established in 1978 by Niranjan Hiranandani and Surendra Hiranandani and is based in Mumbai, Maharashtra. Over nearly half a century, the group has operated on a principle that separated it from most peers in the Mumbai market: rather than delivering individual towers on scattered plots, it built entire neighbourhoods from scratch — residential towers, schools, hospitals, retail streets, and business parks planned together as a single organism.
The group specializes in developing integrated townships — self-sustained urban communities integrating residential, commercial, educational, healthcare, and recreational spaces — and has pioneered this model in India, converting underdeveloped or barren lands into upscale, functional neighbourhoods.
Along with residential, House of Hiranandani has constructed over 12 million sq ft of area in the commercial sector. To date, the company has delivered 25,375 homes, developed 45.82 million sq ft (residential and commercial), educated 89,664 students, and planted over 61,670 trees.
The template that defines Hiranandani's approach was set in Powai in the late 1980s. Construction at Hiranandani Gardens started in 1989, when the area was barren and hilly, lacking basic infrastructure such as roads, sanitary sewer lines, water, or electrical connections. What followed was a systematic build-out of an entire urban quarter.
Spread across 100 hectares (250 acres), the township houses 42 residential buildings and 23 commercial buildings. It consists of residential buildings, office buildings, a hospital, schools, gardens, a community centre, a sports club, banks, shopping malls, a film studio, hotels, restaurants, pubs, and swimming pools. Hiranandani Gardens is also recognised as Mumbai's start-up and outsourcing hub, housing several startup companies, investment banking firms, venture capital firms, and BPOs.
Properties at Hiranandani Gardens have appreciated across multiple market cycles precisely because the fundamentals that made it desirable in 1990 remain intact and in many ways stronger today.
In the 2000s, the Hiranandani Group expanded geographically beyond Mumbai, replicating its integrated township model in Thane with Hiranandani Estate and entering Pune with developments like those in Hinjewadi, marking a shift toward broader regional presence.
If Powai was the proof of concept, Hiranandani Estate Thane was the ambition fully realised. At 375 acres, it is one of the largest integrated townships in the Mumbai Metropolitan Region. Hiranandani Estate, a township in Thane West, is spread over more than 250 acres and has 100+ fully occupied towers.
In Panvel, the group is executing what it describes as its most ambitious undertaking. Hiranandani Fortune City, Panvel, is positioned within the rapidly emerging Mumbai 3.0 growth corridor. Spread across 500+ acres, the township is a self-sustained ecosystem comprising homes, offices, schools, retail, healthcare, and entertainment.
By the 2010s and into the 2020s, diversification accelerated into technology infrastructure, with the launch of Yotta Infrastructure Solutions in July 2020 as a subsidiary focused on hyperscale data centres, aiming to capitalise on India's digital growth. The group's footprint now spans the Mumbai Metropolitan Region, Bengaluru, Hyderabad, and Chennai.
In September 2024, House of Hiranandani moved into a new operational category for the group in Mumbai — society redevelopment — and chose Chembur as the location to establish its credentials. House of Hiranandani signed two agreements to redevelop five housing societies across 15 acres in Chembur, Mumbai, with an investment of over Rs 3,200 crore. These projects are expected to unlock over 1.7 million sq ft of development potential and have a gross development value exceeding Rs 5,000 crore.
Hiranandani Maitri Park, Chembur East is the anchor of this push. The five housing societies, comprising 459 tenants, include the redevelopment of Maitri Park in Chembur East, spanning approximately nine acres, and the Shrinagar Society in Chembur West, a cluster of four societies measuring roughly six acres.
The project's scale is significant even by Hiranandani's own standards. Hiranandani Maitri Park will be constructed on a 9.16-acre land parcel, comprising 15 towers with a 2B+G+18/19 floor configuration, offering 2 BHK, 3 BHK, and 4 BHK premium residences. Configurations span from 2 BHK units at 763 sq ft to 3 BHK at 1,200–1,400 sq ft and 4 BHK at 1,850–2,200 sq ft.
Surendra Hiranandani, Chairman and Managing Director of House of Hiranandani, framed the rationale plainly: "Today, Mumbai city has no space for expansion. The older regions of Mumbai are full of old and dilapidated buildings with insufficient infrastructure." Redevelopment, in the group's reading, is not a fallback strategy — it is the primary mechanism for growth in a constrained city.
Maitri Park is located near Central Avenue Road, Mahadeo Wadi, Chembur East, Mumbai — approximately 600 metres from Chembur Railway Station and 2.1 km from the Eastern Freeway. The area is well-connected to different parts of the city through the Eastern Express Highway, Sion-Panvel Highway, and the Eastern Freeway. The Santacruz-Chembur Link Road (SCLR) and the Mumbai Monorail further enhance connectivity, giving residents multi-modal access to BKC, Lower Parel, and Navi Mumbai without relying on a single arterial road.
Chembur East is a popular residential area among working professionals due to its excellent connectivity to major business districts like BKC, Powai, Andheri, and Lower Parel. The Chembur monorail link to Wadala provides onward connections into the central and western rail network, and experts predict that Chembur's price trends will continue to strengthen, especially with upcoming infrastructure projects such as Mumbai Metro Line 2B.
Chembur East's trajectory as a residential market makes it a coherent next address for Hiranandani's township philosophy. Chembur, once a quiet suburb of Mumbai, has witnessed tremendous real estate growth over the last two decades. Its transformation from an industrial zone to a well-connected, upmarket residential destination is reflected in its property price trends.
As of 2025, the average property rate in Chembur stands at approximately Rs 31,800 per sq ft, with an annual growth rate of around 7.1%. This upward trajectory reflects the locality's increasing demand, driven by infrastructural upgrades, improved connectivity, and lifestyle enhancements. Between 2019 and 2024, Chembur recorded a capital appreciation of nearly 48%, highlighting its resilience even during fluctuating market conditions.
Chembur and Wadala remain preferred for mid-premium housing, due to reduced travel time through the Coastal Road and Metro Line 2B. FY 2024–25 witnessed the highest-ever housing sales in Mumbai's history, with 49,191 units worth Rs 1,24,138 crore — a 26% growth from the previous year — and Chembur has drawn consistent attention from mid-premium and luxury buyers in that cycle.
The green infrastructure in Chembur East reinforces the proposition for Hiranandani's typical buyer profile. Chembur East is home to several green spaces including Diamond Garden, Ambedkar Udyan, and Jawaharlal Nehru Garden. The suburb's tree cover and lower building density relative to the western suburbs are precisely the conditions under which Hiranandani's township approach — with its emphasis on landscaping, open areas, and internal amenities — delivers most of its value.
Redevelopment in a holistic way with conscientious placemaking and urban planning has been a hallmark of House of Hiranandani's projects across MMR, Chennai, and Bengaluru. At Chembur, this means bringing institutional-grade design standards and professional project management to sites that previously housed aging cooperative housing stock.
In total, these developments will impact 459 tenants, providing them with access to infrastructure and amenities that are often missing in older structures. The company invests heavily in research and development to ensure that its developments surpass industry benchmarks and redefine engineering and design. It also ensures the local ecology of the sites is maintained by conducting research and thoughtful horticulture practices through a team of over 100 members across sites.
The company is also exploring more redevelopment opportunities in South and Central Mumbai, suggesting that Chembur East is the first node in a broader inner-city strategy rather than an isolated transaction. For buyers, this signals a developer with a long-term institutional commitment to this part of the city — the same pattern that eventually transformed Powai from a peripheral quarry site into one of Mumbai's most sought-after residential addresses.
Across its project history, Hiranandani has consistently built at scale and delivered occupied, functioning neighbourhoods rather than stalled shells. The company's first redevelopment project in Kandivali, Castalia, is targeted for completion in 2025, providing a near-term data point on its redevelopment execution. For the Chembur societies, the company is in the process of securing necessary approvals and plans to complete the redevelopment within the next 4–5 years.
The expected possession date for Maitri Park is December 2030 as per RERA, with construction currently at approximately 5% complete as of March 2026.
Hiranandani Communities' projects across Mumbai, Thane, Panvel, Bengaluru, and Chennai represent four decades of integrated township development that has consistently delivered liveable, appreciating, and well-maintained addresses. From Hiranandani Gardens Powai to Hiranandani Estate Thane and the expanding Fortune City Panvel, each project reflects a township philosophy that combines premium residences, retail, healthcare, education, and entertainment into self-sustaining communities.