Hiranandani Group is a diversified conglomerate established in 1978 by Niranjan Hiranandani and Surendra Hiranandani, based in Mumbai. The group's residential arm, House of Hiranandani, has built its reputation on a specific thesis: take underutilised or ageing land, invest in community-scale planning, and deliver a self-sufficient neighbourhood rather than a standalone building. Decades ago, when Mumbai did not look beyond Bandra and Chembur, the group spotted barren quarry land in Powai and foresaw the potential of creating a well-planned township — transforming that 250-acre hillside site into one of Mumbai's most recognised integrated communities. The same instinct now brings House of Hiranandani to Chembur East, this time through redevelopment.
The company has entered into registered development agreements with five major housing societies in Chembur and plans to invest ₹3,200 crore. These five societies — comprising 459 tenants — include the redevelopment of Maitri Park in Chembur East, admeasuring about 9 acres, and Shrinagar Society in Chembur West, a cluster of four societies admeasuring about six acres. Taken together, House of Hiranandani has signed two agreements to redevelop five housing societies across 15 acres in Chembur with an investment of over ₹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 ₹5,000 crore.
The Chembur play is part of a broader strategic shift. House of Hiranandani, known for developing integrated communities in the Mumbai Metropolitan Region, Bengaluru, Hyderabad, and Chennai, is strengthening its footprint in the redevelopment segment in Mumbai. Its redevelopment project at Castalia in Kandivali was targeted for completion in 2025, giving the developer operational experience in society redevelopment before arriving at Chembur at a significantly larger scale.
The project will be constructed on a 9.16-acre land parcel with 15 towers of 2B+G+18/19 floors, offering 2 BHK, 3 BHK, and 4 BHK premium residences. The unit mix spans a wide range of sizes: 2 BHK at 763 sq ft, 3 BHK from 1,200 to 1,400 sq ft, and 4 BHK from 1,850 to 2,200 sq ft.
The project is located near Central Avenue Road, Mahadeo Wadi, Chembur East, Mumbai. From this address, Chembur Railway Station is 600 metres away, Cubic Mall is 1.8 km, and the Eastern Freeway access point is 2.1 km. The expected possession date is December 2030 as per RERA.
The amenity programme reflects the group's community-planning DNA. The project includes a gymnasium, indoor games, meditation zone, yoga zone, multi-purpose court, garden, jogging track, children's play area, and swimming pool, alongside internal finish standards that include granite kitchen platforms and vitrified tiles throughout.
| Configuration | Carpet Area |
|---|---|
| 2 BHK | 763 sq ft |
| 3 BHK | 1,200 – 1,400 sq ft |
| 4 BHK | 1,850 – 2,200 sq ft |
Chembur East presents a structural opportunity that suits Hiranandani's model: established social infrastructure, multi-modal transit access, and a stock of ageing societies sitting on large land parcels. Chembur sits at the confluence of three major arterial corridors — the Eastern Express Highway, the Eastern Freeway, and the Sion–Panvel Highway — giving residents access to South Mumbai, BKC, Navi Mumbai, and Thane without navigating the city's most congested stretches.
The transit story is deepening further. The 23.6-kilometre Metro Line 2B, spanning 20 stations from DN Nagar to Mandale, has positioned Chembur as a critical node in Mumbai's expanding transit network, with trial runs already underway between Diamond Garden and Mandale stations. When this line goes fully live, people living in Chembur will be able to reach BKC in under 30 minutes. Additionally, the Mumbai Monorail connects Chembur to Jacob's Circle near Lower Parel, giving residents access to one of Mumbai's largest commercial and retail hubs through an entirely dedicated transit corridor, free from road traffic.
The social infrastructure layer is already in place. Chembur has a solid lineup of schools such as Green Acres, and top colleges like TISS. On the healthcare front, Zen Hospital and Surana Sethia provide medical care without requiring a trip across town.
Mumbai Metro Line 2B has catalysed a significant transformation in Chembur's real estate landscape, with property prices surging approximately 8% over the past year. Industry experts anticipate additional growth of 15–20% following Phase 1 completion, reflecting strong investor confidence in the area's development trajectory.
Demand for larger formats in the area is clearly evidenced — the market recorded a 272% rise in 4 BHK absorption and a 230% rise in 3 BHK absorption from 2020 to 2024. This demand profile aligns directly with the 3 BHK and 4 BHK focus at Maitri Park. Chembur offers property rates that are 25–40% lower than comparable localities in the western suburbs like Bandra East, Khar, or Santacruz, while delivering equivalent or superior connectivity to BKC and South Mumbai.
House of Hiranandani's track record stands at 48.40 million square feet of developed area, 26,612 homes delivered, 95,228 students educated, and 69,357 trees planted. The company has over four decades of experience in real estate and has also constructed over 12 million square feet in the commercial sector.
With a portfolio spanning Mumbai, Thane, Chennai, Bengaluru, and Hyderabad — including landmark projects like Hiranandani Gardens in Powai, Hiranandani Estate, and Hiranandani Meadows in Thane — the company has created reference points for township development in India. Its developments are known for their neoclassical architecture that stands the test of time, with each project reflecting a belief in merging heritage and modernity to deliver spaces built to last.
House of Hiranandani has set up dedicated teams to focus on both society redevelopment and Slum Rehabilitation Authority redevelopment, signalling that Chembur is not a one-off experiment but the first expression of a structured, multi-team redevelopment programme across Mumbai's central and south corridors.