Hiranandani Group traces back to 1978, when Niranjan Hiranandani and Surendra Hiranandani began work on what would become one of India's largest integrated-township developers.
Hiranandani Group is a diversified conglomerate that was established in 1978 by Niranjan Hiranandani and Surendra Hiranandani and is based in Mumbai, and is one of the largest real estate developers in India with projects across Mumbai, Bengaluru, Chennai, and Hyderabad. Its template was set at Powai in Mumbai, where the group's flagship development converted marshy, underdeveloped land into a 250-acre mixed-use enclave housing thousands of residents alongside IT offices, schools, hospitals, hotels, and retail. That same model was carried south, where it was replicated at Hiranandani Parks in Oragadam, Chennai, spread across 120 acres along the OMR with views of the Bay of Bengal. Across its history, the group has delivered upward of 25,000 homes and developed approximately 45.82 million square feet of residential and commercial space.
Chennai's Hiranandani address is not a single building but a township. On Old Mahabalipuram Road at Egattur, bordering Navalur, these residences are part of a 120-acre integrated township, and the township is home to thirteen completed towers — Amalfi, Tiana, Bayview, Sinovia, Edina, Oceanic, Brentwood, Pinewood, Seawood, Birchwood, Bridgewood, Greenwood, and Anchorage — and the Bay Haven villas, which together form one of the most established residential communities on OMR. Ongoing construction continues alongside this delivered base, with Octavius and Verona, two 18-storey towers housing spacious 2 and 3 BHK luxury apartments, extending the township further.
Within this cluster, Anchorage occupies the most prominent position. Anchorage is one of Chennai's tallest residential towers, offering sweeping sea views from every home, with a stilt + 45 storey landmark structure featuring thoughtfully planned 2, 3, 4 and 5 bed residences along with a select range of ultra-luxurious duplexes. The tower sits at 5/63, Old Mahabalipuram Road, Egattur Village, Thalambur Post, Chennai 603103, Tamil Nadu, immediately adjoining Navalur on the OMR stretch. It is registered with the Tamil Nadu Real Estate Regulatory Authority under number TN/01/Building/0102/2017, a registration confirmed consistently across public project records. The project comprises approximately 245 units, and possession commenced around September 2023, putting most of the tower in ready-to-move status today.
| Configuration | Approx. Carpet Area | Indicative Price Band |
|---|---|---|
| 2 BHK | ~1,298 sq ft | From ₹98.26 lakh |
| 3 BHK | ~1,765 sq ft | Mid-range |
| 4.5 BHK | ~2,925 sq ft | Upper-mid range |
| 5 BHK | Up to ~3,476 sq ft | Up to ₹2.76 crore |
These figures vary slightly across listing platforms depending on whether carpet, built-up, or super built-up area is quoted, but the consistent thread is a 2-to-5 BHK spread anchored around a carpet area of 1298 - 3476 Sq.Ft. inside a tower built to the same specification standard as the rest of the Egattur-Navalur township — high-quality materials, including vitrified tiles for the flooring, granite countertops in the kitchen, and premium CP and sanitary fittings in the bathrooms.
Anchorage's location on OMR near Navalur places it inside one of South Chennai's most established IT-employment belts. It is close to major IT parks like SIPCOT and TIDEL, educational institutions like SSN College and Anna University, and healthcare centers including Apollo and Chettinad Hospitals. More broadly, more than 1,500 IT/ITeS companies employ over 3 lakh professionals along the OMR belt from Madhya Kailash to SIPCOT Siruseri, a workforce concentration that has kept end-user and rental demand for OMR housing structurally strong rather than speculative.
Pricing in Navalur reflects that demand base. Navalur flat price trends reflect a movement clearly, with average rates rising by nearly 29% in just 2 years, and current listings place the corridor's average prices in the ₹6,500–₹7,600 per sq ft range with healthy annual growth for Navalur and neighbouring Sholinganallur on OMR. A large-format, higher-floor tower like Anchorage, delivered by a developer with a multi-decade township track record, sits toward the upper end of that band rather than at entry-level pricing typical of standalone apartment blocks in the same locality.
Navalur's road network already carries much of its value proposition. OMR passes through Navalur ensuring seamless connectivity with all the major employment hubs, and this IT Corridor also connects the locality with nearby prominent locations such as Semmancheri, Thalambur, Siruseri, Egattur, and Sholinganallur. The next leg of infrastructure upgrade is transit-led: a dedicated station on Phase II of Line 3 of the Chennai Metro will drastically enhance the connectivity of the area, spanning about 120 km and covering areas from Madhavaram to SIPCOT, benefiting the localities situated along OMR. The price impact of this rollout is already visible elsewhere on the corridor: properties within 1 km of metro stations are experiencing 20–30% price appreciation, with areas like Madhavaram, Poonamallee, Perumbakkam, Navalur, and Sholinganallur set to benefit most.
A township-scale developer typically clusters its buildings near an already-formed social base rather than waiting for one to arrive, and Navalur's profile bears this out. A short distance away are Hindustan International School and Gateway International School, providing outstanding education, while leading hospitals like Chettinad Health City and Global Hospitals provide medical services nearby, and Marina Mall and Vivira Mall offer retail, eating, and entertainment for residents. Locality-level data adds further names to that list: Navalur is home to notable schools such as Mount Litera Zee School, KC High International School, and Velammal NewGen School, while the Marina Mall and Vivira Mall have become a shopping hub for localities between Sholinganallur and Kelambakkam.
Anchorage and the Egattur-Navalur township are not the developer's only Chennai commitment. Around 40 km further southwest, Hiranandani Parks, a 369-acre residential township of skyscraper condominiums, was initiated in 2006 near Oragadam, an industrial corridor where companies such as Renault-Nissan, Daimler AG, and Apollo Tyres have established facilities. Between the OMR township and the Oragadam project, the group's presence in Chennai spans both the city's IT-services growth corridor and its manufacturing belt — a spread consistent with a developer that, across India, integrates housing, commercial offices, schools, hospitals, retail, and green open spaces within a single planned geography, a model now replicated across Thane, Panvel, Chennai, and Pune on a cumulative land bank exceeding 2,000 acres.