Hiranandani Group looks to boost commercial realty portfolio

Realtor Hiranandani Group is looking to ramp up its commercial portfolio by 10-15% annually over the next five years through new projects. The Mumbai-based developer will be adding five million sq ft in the two years ending December 2017 in Mumbai Metropolitan Region (MMR) and Ahmedabad. The group is also planning to develop a 250-acre industrial township in Talegaon in Pune and a 160-acre park in Chennai.

“We believe in the Prime Minister’s vision of `Make In India’, which will boost both industrial and commercial activity in India and therefore initiating the new industrial space building and growing the commercial footprint from our side. Apart from commercial development, we are also going to focus on industrial townships. We will be deve loping an industrial township on 250-acre land in Pune and 160 acres in Chennai,“ said Niranjan Hiranandani, CMD of Hiranandani Group of companies.

Read more: Economic Times