📋 Tender Overview
Scope : To Develop a Empress Hill Premium Residential Project in Powai locality of Mumbai, Maharashtra
Realty developer Hiranandani Group will make an investment of Rs 2,000 crore to develop a premium residential project in Powai locality of Mumbai over the next three years. The 'Empress Hill' project, with around 3.3 lakh sq. ft. saleable space is expected to be completed and delivered in 2025-26.
This will be the first phase of a larger development spread over nearly five lakh sq. ft. area at the Group’s flagship premium township project Hiranandani Gardens, Powai. The developer plans to construct over 330 apartments across three towers in its existing township . It has sold 150 apartments worth Rs 1,100 crore in the proposed development.
The project offers apartments with configuration of three and four-bedrooms with average size ranging from 1,100 sq. ft. to 1,600 sq. ft. carpet area. The price point ranges from Rs six crore to Rs 10 crore.
The company has so far developed over 8.3 million sq. ft. across 65 high-rise residential towers in this township and has also constructed a large portfolio of commercial assets here. Overall, in this catchment, the company currently has a total 0.6 million sq. ft. residential space under development.
