House of Hiranandani, one of Mumbai’s leading real estate developers, has announced plans to invest ₹500 crore in a premium commercial office tower in Andheri. The company has acquired a one-acre land parcel in the area, and the upcoming development is expected to offer around 400,000 sq ft of leasable space, catering to the rising demand for high-quality office infrastructure in the Mumbai metropolitan region.
The project is strategically located in Andheri East, a key commercial corridor with excellent connectivity to the Chhatrapati Shivaji Maharaj International Airport and seamless metro access. These factors make the location highly attractive to multinational corporations and corporates seeking modern office spaces. Surendra Hiranandani, Chairperson of House of Hiranandani, said, “This investment is part of our broader plan to strengthen our commercial footprint across Mumbai. Andheri East offers a prime growth corridor with strong leasing potential and long-term value creation.”
Construction of the tower is expected to begin within the next three to six months, subject to regulatory approvals. The building is being planned as a premium workspace, designed to attract multinational corporations, IT firms, and other high-end commercial tenants. The move reflects the company’s strategy to expand its presence in Mumbai’s office real estate segment, which has seen a steady increase in demand over recent years.
House of Hiranandani already has an established presence in Andheri through office developments such as Lightbridge, Lighthall, and Fulcrum. These properties house prominent occupiers including Crisil, Skechers, WeWork, and Marriott Hotels. According to Magicbricks, the average commercial office space prices in Andheri West rose to ₹28,913 per sq ft in the third quarter of 2025, up from ₹25,705 per sq ft in the same period of 2024, highlighting the area’s growing appeal to investors and tenants alike.
In addition to Andheri, House of Hiranandani has a substantial commercial portfolio across Mumbai and Thane, totaling 8.5 million sq ft of office space. The group’s operations extend to major Indian cities such as Chennai, Bengaluru, and Hyderabad, encompassing residential, commercial, retail, industrial parks, hospitality, education, and healthcare projects. So far, the company has developed over 50 million sq ft of real estate across the country, establishing itself as a significant player in India’s property market.
The new Andheri development also reflects growing confidence in Mumbai’s commercial real estate sector. Experts note that strategically located office towers with modern amenities continue to attract premium tenants, offering strong rental yields and long-term value appreciation. JLL India acted as the transaction advisor for the acquisition, bringing in their expertise in market trends, leasing potential, and valuation.
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