Hiranandani Group develops 2.6 million sq ft of commercial space in Thane

The Hiranandani Group has said that it is close to delivering 2.6 million sq ft of commercial real estate space at Hiranandani Business Park in Thane, near Mumbai

The Hiranandani Group has developed 2.6 million sq ft of commercial real estate space in Hiranandani Estate township, spanning 350 acres on Ghodbunder Road, Thane, near Mumbai. The Group deployed nearly Rs 1,000 crores for this development at Hiranandani Business Park.

The ready-to-lease ‘Quantum’ is a 25-storey tower spread across 0.6 million sq ft with OC (occupancy certificate), while the ‘Centaurus’ tower is 21 storeys and spread across 2 million sq ft, which will be ready by December 2022.

The new commercial developments, according to the company, are aligned to the new normal that demands ‘workspaces’ near homes, offering a ‘walk to work’ lifestyle that balances employee wellness and customer centricity.

“Customer segmentation and demand has evolved through the COVID pandemic crisis. The new commercial towers are strategically developed, based on the principle of ‘conscious consumerism’ – a decision well informed and aimed to have a positive social, environmental and economic impact. The consequential benefit of office spaces moving closer to employee homes will lead to carbon neutrality, enhanced productivity and increased employee retainability, tuning in perfectly to the long-term sustainable business goals,” said Niranjan Hiranandani, founder and MD, Hiranandani Group.

Also read: 74% of Indian workers keen on flexible, remote working options

Quantum and Centaurus offer premium leased commercial spaces. It suits corporates and MNCs looking at consolidation and expansion in a central location and also works for the ‘hub and spoke’ model of satellite offices located closer to human resources, especially in the ‘new normal’ world, the company added.


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