HIRANANDANI MAITRI PARK CHEMBUR EAST (REDEVELOPMENT) — New Project Coming Up in Chembur East, Mumbai

Hiranandani Maitri Park Chembur East: Redevelopment in Focus

Hiranandani Maitri Park is a residential development by House of Hiranandani in Chembur East, Mumbai 400071. The project includes redevelopment of Maitri Park in Chembur East spanning 9 acres. MahaRERA-registered (PR1180002600200), the project offers 2, 3 and 4 BHK apartments across three thoughtfully zoned residential clusters.

Scale and Configuration

The project is spread across 9 acres and features 12 towers with 636 apartments, including 2 BHK and 3 BHK options. Units include 2BHK (763 sqft), 3BHK (1200 to 1400 sqft), and 4BHK (1850 to 2200 sqft).

Location and Connectivity

The project is located near Central Ave Rd, Mahadeo Wadi, Chembur East, with Chembur Railway Station 600m away, Cubic Mall 1.8km away, and the Eastern Freeway at 2.1km distance. Located 5 km from BKC and 8 km from Chhatrapati Shivaji Maharaj International Airport, Maitri Park sits at the intersection of central Mumbai's eastern suburbs growth corridor and the Monorail/Metro 2B catchment.

Amenities and Design

A Miyawaki forest within the premises brings rare biodiversity and a wellness dimension to urban living, while 40+ amenities across three experiential zones ensure that every lifestyle need is met within the community itself. The development features the largest podium in Chembur, setting a benchmark for scale and exclusivity in the micro-market.

About Hiranandani Group

Hiranandani Group was established in 1978 by Niranjan Hiranandani and Surendra Hiranandani and is based in Mumbai. The group is one of the largest real estate developers in India with projects across Mumbai, Bengaluru, Chennai, and Hyderabad.

Broader Redevelopment Strategy

House of Hiranandani has signed two agreements to redevelop five housing societies across 15 acres in Chembur, 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. The company is in process of securing necessary approvals and plans to complete the redevelopment within 4-5 years.

Chembur East Market Context

Chembur East has emerged as one of Mumbai's most desirable residential destinations, offering excellent connectivity, strong infrastructure, quality social amenities, and promising growth prospects. Rental returns in Chembur East range between 2.5% and 3.5%, supported by consistent tenant demand from professionals working in BKC and Powai.