HIRANANDANI SHRINAGAR SOCIETY — New Project Coming Up in Chembur West, Mumbai
Hiranandani Shrinagar Society in Chembur West
Hiranandani Shrinagar Society in Chembur West is a cluster of four societies admeasuring about six acres, marking part of registered development agreements with five major housing societies in Chembur, with planned investment of Rs 3,200 crore. Established in 1978, Hiranandani Group is one of the most prestigious real estate developers based in Mumbai, and this redevelopment initiative reflects the developer's entry into the society redevelopment segment.
The Redevelopment Scope
The redevelopment projects are expected to unlock over 1.7 million sq ft of development potential with a gross development value exceeding Rs 5,000 crore. The five housing societies in Chembur comprise 459 tenants, including this Shrinagar Society cluster alongside Maitri Park in Chembur East.
The project offers 2 & 3 BHK apartments with excellent amenities. Modern 2 and 3-BHK apartments are designed for comfort and style, with attention to practical layouts and material quality.
Location and Connectivity
Chembur West is a well-established residential locality blending suburban tranquility with urban convenience, having evolved into a sought-after neighborhood due to steady infrastructure development and its proximity to key employment hubs. Chembur's strategic centrality is enhanced by seven major infrastructure projects including the Eastern Freeway, Santacruz-Chembur Link Road (SCLR), Monorail, Eastern Express Highway, BKC Connector, and upcoming metro lines.
Metro Line 2B spans from DN Nagar to Mandale with 20 strategically located stations, stretching across 23.6 km and connecting key neighbourhoods across the east-west and north-south axis. This developing infrastructure is positioned as transformational for the suburb's real estate profile.
Developer Track Record
Hiranandani Group was established in 1978 and is one of the largest real estate developers in India with projects across Mumbai, Bengaluru, Chennai, and Hyderabad. Landmark developments such as Hiranandani Gardens in Powai and Hiranandani Estate in Thane are examples of the developer's approach to creating integrated communities.
The company has developed separate verticals to focus on residential society redevelopment as well as slum rehabilitation projects, with their first redevelopment project located in Kandivali set for completion in 2025.
Project Status
The project is currently in its Pre-Launch stage, with pricing available on request and sizes and RERA status to be announced soon.