Hiranandani Group Develops 2.6mn sq. ft Commercial Spaces in Thane-FY 21-22

Hiranandani Group develops 2.6mn commercial real estate space in Hiranandani Estate township spanned across 350 acres on Ghodbunder Road, Thane near Mumbai. The group deploys nearly Rs 1000 crores of investment for this development at Hiranandani Business Park. The ready to lease ‘Quantum’ is a 25-storeys tower spread across 0.6mn Sq. ft with Occupation Certificate and ‘Centaurus’ tower is 21 storeys spread across 2mn sq. ft to be ready by December 2022. As the city of Mumbai witness’s linear growth, northern business districts are the new hot spot for commercial spaces. This trend is further accelerated by covid19 pandemic on grounds of decongestion and decentralization of economic hubs towards suburbs that offers parallel connectivity, infrastructure, and work near home options to the workforce.
This new commercial development is in alignment to the new normal that demands ‘workspace’ near homes trend in the work-sphere. The two commercial towers will offer ‘walk to work’ lifestyle balancing employee wellness and customer centricity: two new watchwords in Commercial Real Estate.
Dr. Niranjan Hiranandani, Founder & MD, Hiranandani Group is of the opinion that, ‘Value offices’ near ‘Value homes’ in an integrated township is an ideal ‘Future of Work’ scenario post covid. It offers the value proposition in terms of emerging location, futuristic infrastructure and thriving socio-civic amenities offering holistic living at all-inclusive destinations.” The group has proven track record of delivering 3.5 mn sq. ft of commercial space in Thane that signifies its scalability, modularity and sustainability.
Ghodbunder Road, Thane is the major artery road linking Mumbai – MMR’s transport linkages. The slew of mega infrastructure like Metro 4, 4A and 5, underground tunnel from Borivali to Thane, Coastal road and inland waterways in Ulhas river are in development making it as a preferred choice for BFSI, IT & ITeS, Pharma, R&D, Shipping and global Logistics companies. Quantum and Centaurus offer premium leased commercial spaces in a location that fits both the ends of the ‘relocation’ spectrum. It suits corporates and MNCs looking at consolidation and expansion in a central location; it also works for the ‘hub and spoke’ model of satellite offices located closer to human resources, especially in the ‘new normal’ world.
He further added that, “Customer segmentation and demand has evolved through 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.”
As India Inc realigns their business continuity plans skewed towards wellness and sustainability goals, Hiranandani Business Park, Thane snugly fits into this eco-system. Quantum and Centaurus await the new age corporates who look for not just a smart business choice, but also an organic workspace.