#TharDesertTimes | Explore Tumblr Posts and Blogs

hiranandani1-group · 3 years

Text

Commercial real estate set for positive trends in 2021: Hiranandani Business Park, Thane offers a variety of options

THANE, 22 FEBRUARY, 2021: The real estate sector plays a vital role in the country’s economic growth story, be it as a contributor to the nation’s GDP or as a creator of jobs. Commercial real estate, comprising of Offices, Retail, Industrial Parks, Warehousing and Hospitality segments, has seen significant growth in recent years. Growth in investor interest, increase in rentals, and implementation of REITs has led to the strengthening of activities by established players in the commercial real estate sector.

While 2019 witnessed a record leasing (estimated 42 million sq. ft.), the first half of 2020 saw a slowdown unfortunately due to the pandemic. The recovery phase ever since has been a series of positive trends. A recent report by JLL India stated that the year 2021 is expected to witness close to 38-40 million sq. ft. of new completions, while the net absorption is likely to hover around 32-35 million sq. ft., at par with the annual net absorption levels seen during 2016-2018. The authorities have made the right moves to support commercial real estate through the pandemic; through existing initiatives like ‘Make in India’, urban development policies, SMART City, and AMRUT programs. Additionally, PMAY, among others, will result in bringing back the rising demand for real estate and infrastructure.

Among the business districts which have performed well post the Covid-19 crisis, Hiranandani Business Park (HBP) in Thane’s leading integrated township, Hiranandani Estate, continues to offer some of the best performing commercial real estate options. The ‘new normal’ includes trends like ‘walk to work’ and ‘remote work’ concepts for individuals, as well as corporate relocation for consolidation in safe and secure locations. Equipped with the same, HBP, Thane reflects the positives of Indian real estate, both from an end-user perspective as also as an investment option through its size options that span the spectrum- from boutique to large floor plates.

The existing socio-civic infrastructure of Thane has evolved into a progressive ecosystem that not only enhances the lifestyle of residents but also makes it a favorable neighborhood for the commercial sector. And, at the forefront of the new paradigm is HBP, Thane; the biggest platform for business growth in the Mumbai Metropolitan Region (MMR). Some of the commercial giants like Tata Consultancy Services, Bayer CropScience, and WeWork have already made HBP, Thane their home.

The main aspect which sets HBP, Thane apart is that it delivers on the ‘walk to work’ concept. In the ‘new normal’ post the pandemic, office spaces have undergone a major transformation. The ‘new normal’ is a blend of residential, commercial, cultural, institutional, and entertainment uses, all in one. HBP, Thane is located just right and provides access to world-class schools, state-of-the-art hospitals to an upcoming 5-star hotel, The Walk- the high street retail hub. In Hiranandani Estate, one experiences an unmatched ‘walk to work’ while living in an iconic setting.

Businessmen and professionals often complain about the long commute to and fro from work. HBP, Thane, offers Studio to 5 BHK residential options in Hiranandani Estate along with OC Received boutique office spaces in projects like Solus, Chesterton, and large office spaces in Quantum that help ensure a quintessential ‘work-life balance’.

Solus offers brilliantly planned, ready boutique office spaces for all business types. It features retail spaces on the ground and first levels, and office spaces within the rest of the premises. Whereas, Chesterton is designed for ideas greater- than- life and comes equipped with capacious spaces and convenient functioning. HBP, Thane comprises about 3.5 million sq. ft. commercial spaces. These commercial buildings offer dynamic and future-ready designs, created to take businesses to new heights in the vibrant, active, and well-connected neighborhood: HBP, Thane.

The aspect which gives commercial spaces in Hiranandani Estate, Thane the winning edge includes existing and upcoming infrastructural developments. The Metro Lines (4, 4A and 5) will connect Thane to Mumbai and its neighboring suburbs with flawless finesse. The widening of the Kopri Bridge to Mumbai will take away the traffic woes, the Thane-Borivali underground tunnel will reduce a one-hour journey to a mere 15 minutes and the waterways connectivity will help connect Thane to Kalyan, Navi Mumbai to Mumbai. HBP, Thane has been opening up doors to more reputed businesses who wish to relocate and consolidate their pan-MMR operations at a central business district.

The future perfect smart city, Thane, will play a major role in the rise of commercial real estate across the MMR, with cutting-edge commercial centres like HBP, Thane leading the road to success.

Dr. Niranjan Hiranandani is co-Founder and MD, Hiranandani Group

#hiranandani business park #thardeserttimes #niranjan hiranandani family #niranjan hiranandani #niranjan hiranandani naredco #niranjan hiranandani case #Niranjan Hiranandani News

0 notes