📋 Tender Overview
Scope : To Develop a Premium Residential 'Golden Willow' Project in Panvel, Maharashtra
Real estate developer Hiranandani Communities is planning to invest over Rs 1,000 crore to develop a premium residential project, which will spread over one mln sq. ft. in its mixed-use integrated township, Hiranandani Fortune City in Panvel near Mumbai.
The company has already received RERA registration for this new residential sector 'Golden Willow' in the township. The company is planning to develop residential apartments with one, two and three-bedroom configurations with carpet area ranging from 490 sq. ft. to 1,150 sq ft, which will cater to the requirement for branded luxury homes in the post-COVID era.
The development, which is expected to be completed in the next three years, will be funded through internal accruals and construction finance. However, the proposed investment does not include the cost of land that was acquired years ago.
