Hiranandani Grp Develops Rs 1000 Cr Worth 2.6 mn Sq.ft Commercial Space in Thane

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 Covid-19 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. 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. Dr. Niranjan Hiranandani, Founder & MD, Hiranandani Group mentioned 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. 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.”