House of Hiranandani to invest Rs 3,200 crore to redevelop 15 acres in Mumbai’s Chembur

House of Hiranandani has signed agreements to redevelop five housing societies in Mumbai's Chembur suburb with an investment exceeding Rs 3,200 crore. These projects span across 15 acres and offer a development potential of over 1.7 million sq ft. The company is currently securing necessary approvals and aims to complete the redevelopment within the next 4-5 years while exploring other key markets for similar opportunities.