Luxury properties by Hiranandani Constructions in Mumbai

The recent expansion and developments in Mumbai have enabled housing companies to really grow and flourish. With bright possibilities of high returns, major real estate builders & developers have been engaging in mass construction projects. These include retail shops, shopping malls, entertainment zones, business technology parks, and multiplexes. Amongst all other Indian cities, the commercial potential of the city is certainly the highest. The luxury segment among these is one of the fastest growing in Mumbai today.

Hiranandani constructions, among other major developers, have changed the face of the Real Estate and Property Market in Mumbai. Their constructions in Thane and Powai have given the earlier poorly maintained areas a new swanky look, with large residential complexes, shopping malls, and plush lifestyle options. The Hiranandani Gardens, Powai, as well as Hiranandani Estate, Thane, are 300-acre integrated townships that proudly boast of a truly-modern infrastructure of concrete roads, effective sewage, regular water supply, electricity and advanced communication networks. It is also set to build new luxury apartments in the Powai and Thane estates like Richmond Tower which is the pride of Hiranandani Gardens, Glendale at Powai, Canary and Brookhill at Hiranandani estate, and Amanda and Gemini A at Hiranandani Meadows, Thane.

Today Hiranandani Limited has diversified into entertainment, retail, InfoTech, hospitality, education, healthcare, horticulture and The group is now developing the Western Mall in Mumbai, the very first flyover mall in the country. Another ground plan will soon materialize in the form of a 146 room hotel in Powai. Hiranandani plans to invest Rs 140 crore in the hotel and is expected to be completed by the first quarter of 2009. There are also numerous projects all over the country in cities like Chennai, Hyderabad and Bangalore, which include luxury apartments and upscale malls and entertainment centers for the elite. The group has also gone international with 23 Marina, a resedential bulding in Dubai. A 90 storied neo-lifestyle residential tower, it is said to be the tallest residential building in the world.

Many distinguished clients have made Hiranandani Apartments their home and their upcoming Constructions and luxury townships within the city are eagerly awaited.

Luxury Real Estate Developers in Mumbai

With the rapid development and expansion that Mumbai is undergoing, there has been a parallel growth in the real estate industry, which is experiencing an unprecedented upsurge. With many competent and large property developers storming Mumbai, competition is tough.

Lodha Builders is one of the largest property developers in city with current projects totaling over 7 million sq. ft in floor space and a pipeline of over 25 million sq ft. In 2004 they bought Apollo mills, a textile unit from the National Textile Corporation (NTC) in Lower Parel. In just a few years they developed Lodha Bellissimo, a premium residential building in the area. Spread over an area of 20,000 sq m, each of the luxurious flats in the 57-storey building are priced at a whopping Rs 25,200 a sq ft. In 2006, JP Morgan Chase’s Principal Real Estate Investments invested $60 million in a residential project with the Lodha Builders. This partnership has helped fuel the Lodha Group’s growth plans bringing them amongst the top five real estate developers by 2008. The group now looks to spread its reach all over the country.

At the beginning of the year 2008 a group of private equity investors including Lehman Brothers, ICICI Prudential and HDFC invested Rs 600 crore in the Lodha Group to fund three of their projects: two residential projects, one in Napean Sea Road and one in Worli, and a residential-cum-commercial project in Hyderabad. The group is currently developing over 25 million sq ft of prime land in over 27 projects in and around Mumbai. The group is also working on constructing an IT park in Kanjurmarg. This IT park and techno Campus will spread over 18 lakh sq ft. in addition, Dahisar is about to receive a make-over with Lodha Builders constructing LODHA- AQUA: an exclusive township for the elite. LODHA – AQUA will have 11 fourteen story towers along with facilities like a Club, a Cricket pavilion and a Swimming pool.

The Lodha builders are careful and perceptive while choosing their locations, taking several factors like connectivity, proximity of railway stations, highways etc. into consideration. Their complexes and luxury apartments are complete in all respects.