Hiranandani Group to develop 2 million sq ft office at Rs 1,000 cr
14 Jul 2021
2 Min Read
CW Team
Real estate major Hiranandani Group will invest more than Rs 1,000 crore for developing a two million sq ft office space at the 350 acre Hiranandani Estate township on Ghodbunder Highway in Thane.
The company has already developed more than 4.1 million sq ft business area in Hiranandani Business Park, together with build-to-suit standalone workplace towers for Tata Consultancy Services (TCS) and Bayer Cropscience.
The developer has accomplished a 0.6 million sq ft, 25 storey workplace tower, Quantum, has acquired occupation certificates from Thane civic body for a similar. The company is currently in superior talks with corporates to lease the separate tower.
MD of Hiranandani Group, Niranjan Hiranandani, said that the robust response in the improvement in the location has inspired the company to invest in adding a 2 million sq ft workplace area. Worth offices near a worthy place in a built-in township are the perfect future of labour in this situation of the Covid-19.
The new business improvement of a standalone 21 storey business tower, Centaurus, spanning around 2 million sq ft, shall be accomplished by December 2022.
Funding is the biggest for any developer for business actual property development in Thane, attracting occupiers from the banking, monetary companies and insurance coverage (BFSI), data and IT companies, prescription drugs, analysis and improvement, transport and world logistics companies.
These business workplaces accord with the new business demand that provides a workplace close to the property. In this pandemic, distant working has garnered traction in the business. To cater for the pattern, the business towers offer a stroll to the work-sphere, harmonising workers wellness and buyer centricity. These are the parameters for new watchwords in business actual property, Niranjan said.
Also read: Commercial real estate investments at $1.35 bn in Q1 FY21
Also read: Developers to build housing parks in place of IT parks in Chennai
Real estate major Hiranandani Group will invest more than Rs 1,000 crore for developing a two million sq ft office space at the 350 acre Hiranandani Estate township on Ghodbunder Highway in Thane.
The company has already developed more than 4.1 million sq ft business area in Hiranandani Business Park, together with build-to-suit standalone workplace towers for Tata Consultancy Services (TCS) and Bayer Cropscience.
The developer has accomplished a 0.6 million sq ft, 25 storey workplace tower, Quantum, has acquired occupation certificates from Thane civic body for a similar. The company is currently in superior talks with corporates to lease the separate tower.
MD of Hiranandani Group, Niranjan Hiranandani, said that the robust response in the improvement in the location has inspired the company to invest in adding a 2 million sq ft workplace area. Worth offices near a worthy place in a built-in township are the perfect future of labour in this situation of the Covid-19.
The new business improvement of a standalone 21 storey business tower, Centaurus, spanning around 2 million sq ft, shall be accomplished by December 2022.
Funding is the biggest for any developer for business actual property development in Thane, attracting occupiers from the banking, monetary companies and insurance coverage (BFSI), data and IT companies, prescription drugs, analysis and improvement, transport and world logistics companies.
These business workplaces accord with the new business demand that provides a workplace close to the property. In this pandemic, distant working has garnered traction in the business. To cater for the pattern, the business towers offer a stroll to the work-sphere, harmonising workers wellness and buyer centricity. These are the parameters for new watchwords in business actual property, Niranjan said.
Image Source
Also read: Commercial real estate investments at $1.35 bn in Q1 FY21
Also read: Developers to build housing parks in place of IT parks in Chennai
Next Story
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
H盲fele launches Matrix undermount runners range
H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
