Mumbai, Oct. 17 -- Real estate developer House of Hiranandani has expanded its commercial portfolio with the acquisition of a one-acre land parcel in Andheri East, Mumbai. The company plans to invest approximately Rs.500 crore to develop a premium commercial tower, marking its latest push in the city's thriving office market.

The upcoming project will offer a total leasable area of around 4 lakh sq. ft., with construction expected to begin in the next three to six months, subject to regulatory approvals.

Surendra Hiranandani, Chairman, House of Hiranandani, said, "This investment is part of the company's broader plan to strengthen its commercial footprint across Mumbai. Andheri East is strategically located in close proximity to the Mum...