You are here: Home » Companies » News
Business Standard

Hiranandani says has big plans for Bangalore

BS Reporter  |  Bangalore 

Mumbai-based real estate developer House of Hiranandani is planning to develop 23 million sq ft in Bangalore and Chennai over the next five years. It was planning to develop eight million sq ft here at an investment of Rs 3,000 crore, a top company executive said.

“We have a land parcel of 140 acres in Bangalore and 110 acres in Chennai. We wish to go systematically in these cities by understanding the customer’s preferences and develop the property as per their demand. We have launched two projects in Bangalore in two phases, which will have about two million sq ft,” Neha Hiranandani, director at House of Hiranandani, told reporters here.

The company has also launched Seagull, a project designed by Hafeez Contractor, in Chennai. The two projects in Bangalore are Signature Villas and Horizon at Devanahalli near the international airport and Bannerghatta road, respectively. The Signature Villas has 11 villas, priced upwards of Rs 9,000 per sq ft, while Horizon has 900 flats in the first phase, priced above Rs 5,000 per sq ft.

The company had already sold 50 per cent of the flats in Horizon and the second phase of the project would be launched soon, she said.

At Devanahalli, Hiranandani plans to build only 11 Signature villas within an existing community of villas, cottages and townhouses. “We have about 85 acres here. In Phase-I, we have done about 50 cottages. In Phase-II, another 20 cottages are under construction. We will continue to develop depending on the demand. The total unit size is between 1,800 and 2,900 sq ft,” she said. Hiranandani has tied up with Singapore-based design consultant Suying Design for Signature Villas. The company also plans to develop properties on the Sarjapur corridor.

In Chennai, the company plans to develop 15 million sq ft. “I want to understand the customer’s preferences in Chennai and then develop projects depending on the need. We are also looking at additional land of 30 acres to 100 acres there,” she added.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, April 28 2012. 00:38 IST
RECOMMENDED FOR YOU