Hiranandani to build Chennais tallest tower of 161 meters

Topping out at 161 meters this project will house 245 apartments. It will occupy pride of place at the developer's 120-acre township on Chennai's IT expressway.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney master your money IThe Winning Leap SME Special
Moneycontrol

Home » News » Business

Oct 15, 2016, 01.16 PM | Source: CNBC-TV18

Hiranandani to build Chennai's tallest tower of 161 meters

Topping out at 161 meters this project will house 245 apartments. It will occupy pride of place at the developer's 120-acre township on Chennai's IT expressway.

Like this story, share it with millions of investors on M3

Hiranandani to build Chennais tallest tower of 161 meters

Topping out at 161 meters this project will house 245 apartments. It will occupy pride of place at the developer's 120-acre township on Chennai's IT expressway.

Post Your Comments

Share Cancel

Mumbai-based developer house of Hiranandani will begin constructing Chennai's tallest building, which will also be South India's tallest tower.

Topping out at 161 meters this project will house 245 apartments. It will occupy pride of place at the developer's 120-acre township on Chennai's IT expressway.

Going by these stats, the tower called Anchorage will dwarf Bengaluru's Mantri Pinnacle and Hyderabad's Lodha Towers.

“This particular building will be a total project value of about Rs 375 crores, and it will be funded internally. We are a zero debt company, and we are confident that we will be able to build it well," said Surendra Hiranandani, Founder & MD, house of Hiranandani.

Anchorage is just one slice of the developer's big plans for South India, which involves adding 2.5 million square feet to its residential footprint in Chennai, Bengaluru and Hyderabad by 2018. Commercial projects are also on the anvil, and should gain visibility over the next 12 months.

"We have a very good commercial property segment in the Mumbai Metropolitan Region (MMR), a significant presence there. And we want to take this presence to Pune, Bangalore and Chennai," Hiranandani said.

For now, though, the developer is focusing on completing its newest skyscraper within its own 60-month timeline and the distinction of having changed Chennai's modest skyline is just icing on the cake.
Buy, Hold, Sell ? Hear it first on M3
Hiranandani to build Chennais tallest tower of 161 meters

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login