Hiranandani Group was established in 1978 by brothers Dr. Niranjan Hiranandani and Surendra Hiranandani, and is based in Mumbai, Maharashtra. The group's method has been consistent across every geography it has entered: acquire undervalued or underdeveloped land, build complete urban infrastructure on it, and hold long enough to see the community mature. Decades ago, when Mumbai did not look beyond Bandra and Chembur, the group spotted barren quarry land in Powai and transformed this hillside terrain into an integrated township of over 250 acres that is today home to a thriving global community. Thane followed the same logic at a larger scale.
The group expanded the city's horizon to Thane by developing around 350 acres of land into a thriving global township with amenities. That project became Hiranandani Estate — and it has since grown to be one of the most referenced township addresses in the Mumbai Metropolitan Region.
Spanning nearly 375 acres on Ghodbunder Road in Thane West, the community features homes, schools, healthcare facilities, retail spaces, and ample green areas, all within a well-planned environment. The group did not merely build residential towers and leave the surrounding area to chance. Hiranandani Estate stands out as a premium, self-sustaining township in India due to its neoclassical architecture, integrated walk-to-work lifestyle, and robust infrastructure — combining thoughtfully designed homes, green open spaces, and social amenities to create a sustainable community.
The commercial layer inside the estate is substantial and employer-grade. An iconic commercial hub within the estate features 3 million sq ft of built-to-suit workspace for TCS, accommodating 26,000 professionals. Alongside this, a 21-storey, 1.9 million sq ft Grade-A tower designed for sustainability has earned LEED Gold and IGBC Health Well-Being Platinum certifications. Established enterprises such as Tata Consultancy Services, WeWork, IDFC Bank, and Bayer are present in the business park, reducing employee commuting stress for residents who work within the township.
The retail infrastructure is equally deliberate. India's first-ever high-street residential destination — The Walk — is located at Hiranandani Estate, Thane. The Walk encompasses 125,000 square feet and hosts over 30 national and international companies and restaurants. The estate's internal street grid — named roads including Queens Street, Central Avenue, Regency Street, Forest Avenue, Wood Street, and Park Avenue — gives the township a navigable urban character that most suburban developments in the MMR simply do not have.
On-site social infrastructure means residents rarely need to leave the township for core needs. The project is home to Hiranandani Hospital and Hiranandani Foundation School. Secondary education options within and adjacent to the estate include Hiranandani Foundation School, Podar International School, and Alpha Academy, among others. Healthcare options extend to Apollo Hospital, Lok Hospital, and Karkhanis Super Specialty Hospital in the surrounding area.
Hiranandani Estate Broadway on Ghodbunder Road, Thane, offers 1 BHK luxury apartments with modern amenities and contemporary design. The project enjoys excellent connectivity via Ghodbunder Road, has received its completion and occupancy approvals, and carries a Ready to Move possession status — buyers can move in immediately after completing purchase formalities.
Broadway sits within the broader estate grid — Broadway extends off Wood Street, connecting different sections of the estate. This places it within walking distance of The Walk's retail and dining, the estate's business parks, and the green corridors along Central Avenue. Amenities at Broadway include landscaped gardens, a swimming pool, gymnasium, play area, clubhouse, gated community access, 24-hour backup electricity, multi-purpose hall, and security.
During Q3 2025, average property prices for Hiranandani Estate Broadway moved from Rs 18,000 per sq ft to Rs 18,500 per sq ft, reflecting a 2.78% rise. That trajectory sits within the broader estate trend: during Q1 2026, average property prices across Hiranandani Estate moved from Rs 17,650 per sq ft to Rs 18,700 per sq ft, reflecting a 5.95% rise.
Average property rates per square foot in Hiranandani Estate, Thane for flats stand around Rs 24,800 per sq ft. Flat rates in Hiranandani Estate changed by 2.5% in the last one year, 17.5% in the last three years, and 30.5% in the last five years. The spread across individual buildings within the estate is wide: a 1 BHK flat is available in the range of Rs 75 lakh to Rs 1.02 crore, while a 2 BHK ranges from Rs 1.25 crore to Rs 1.95 crore.
Residential societies within the estate that have clocked notable appreciation in the last year include Hiranandani Rodas Enclave Marvela at 22.3% year-on-year, Hiranandani Estate Cardinal at 16.0% year-on-year, and Hiranandani Falcon at 15.1% year-on-year. The average rental yield in Hiranandani Estate, Thane is 3%. For buyers considering the estate as a long-term hold or a rental income asset, its mature neighbourhood and strong brand presence ensure steady rental demand.
Ghodbunder Road connects the township to Borivali, the Western Express Highway, and the Eastern Express Highway, making travel across the Mumbai Metropolitan Region relatively convenient. Thane Railway Station is around 8 km away and can be reached within a short drive. Road access was the baseline; what is now being added is a multi-modal transit upgrade that directly benefits estate residents.
Hiranandani Estate on Ghodbunder Road sits within reach of three transit upgrades: Metro Line 4 (Thane–Wadala, 32.32 km, 32 stations), Metro Line 5 (Thane–Bhiwandi–Kalyan, 24.9 km, 17 stations), and the upcoming Thane–Borivali Underground Tunnel, which will reduce the Thane–Borivali commute to approximately 15 minutes. Metro Line 4 will operate between Kasarvadavali on Ghodbunder Road, Thane, and Wadala in Mumbai, with Dongripada as the nearest station to Hiranandani Estate.
The infrastructure investment at the city level reinforces the estate's position. Thane is on the cusp of a transformative leap to become a leading urban hub in the Mumbai Metropolitan Region, with nearly three dozen infrastructure projects in the pipeline. According to ANAROCK Research 2024, residential property values in Thane's township micro-markets grew 18% year-on-year — outpacing the MMR average of 12%.
Hiranandani Estate is the anchor, but the group's presence in Thane has grown well beyond it. Hiranandani Westgate, located within Hiranandani Estate, Thane, is a 25-acre premium high-rise development offering modern amenities and spacious 2, 3, and 4 bed residences. Hiranandani Belicia, a 48-storey high-rise in Panch Pakhadi, represents the group's push into a separate Thane micro-market. The group's business park in Thane covers around 2.6 million sq ft of commercial space alone in one phase.
Outside Thane, the group's scale provides context for how it approaches each new project. It specialises 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. The group is one of the largest real estate developers in India with projects across Mumbai, Bengaluru, Chennai, and Hyderabad. Over more than four decades, the company has developed over 50 million square feet across integrated projects.
For a buyer evaluating Hiranandani Estate Broadway or any other Hiranandani project within the estate, the relevant question is not simply about a single building. It is about what a developer has already committed — and delivered — at this specific address over two-plus decades. Hiranandani Estate, spanning 375 acres and home to 10,000-plus families, has delivered ROI higher than market benchmarks across asset classes over four decades. The township's ongoing expansion, with new phases still being added to a community that was already mature, is the clearest signal of what the group intends for Thane long-term.