Hiranandani forays into senior living segment

HIRANANDANI COMMUNITIES, PART of the Niranjan Hiranandani Group, on Tuesday announced its foray into the senior living segment with the launch of 'Elements' at Hiranandani Parks, Oragadam - an integrated township in Chennai.

- NARAYANAN V

Developed in collaboration with GTB Developers, the 4.5-acre project has a development potential of one million sq. ft.and an estimated value of ₹ 300 crore. It will feature 400 residences across two phases, each comprising 2BHK apartments of around 700 sq. ft., priced from ₹60 lakh onwards.

"We have over 300 acres at Hiranandani Parks, Oragadam - 200 acres are fully developed, while the remaining 100 acres are available, including for the senior living project," Niranjan Hiranandani, founder & chairman of Hiranandani Communities, told FE.