Hiranandani Forays into Senior Living, to Develop 1 MSF at Oragadam, Chennai

Chennai, November 11, 2025: Hiranandani Communities, a Niranjan Hiranandani Group initiative, has announced its strategic entry into the emerging asset class of premium senior living with the launch of ‘Elements’ at Hiranandani Parks, Oragadam – an integrated township in Chennai.

Spread across 4.5 acres with a development potential of 1 million square feet, the project will feature 400 residences, to be developed in two phases. Each residence will be thoughtfully designed 2 BHK unit of approximately 700 sq. ft., priced from INR 60 lakh onwards. The overall project value is estimated at INR 300 crore.

Dr. Niranjan Hiranandani, Founder & Chairman, Hiranandani Communities, “The launch marks a pioneering collaboration between Hiranandani Parks and GTB Developers, aimed at creating a world-class, wellness-driven ecosystem tailored for senior citizens. The development will integrate holistic care, on-site medical assistance, recreational and wellness programs, assisted living facilities, and hospitality services – enabling residents to lead a secure, dignified, and fulfilling lifestyle within the broader township environment.”

The township, Hiranandani Parks, Oragadam, pegs an ambitious topline revenue of INR 4,000 crore, developing nearly 100 acres of prime real estate aligned with Oragadam’s strong growth trajectory in the next 5 years.”

Located within South Asia’s largest multi-faceted hi-tech hub, Oragadam has evolved into Chennai’s fastest-growing industrial and quality residential corridor, driven by robust government planning, industrial diversification, and major infrastructure upgrades. With over 22 Fortune 500 companies operating out of the region, supported by initiatives like the INR 300-crore Oragadam Industrial Corridor Road and SIPCOT Industrial Park, the area boasts seamless connectivity through the Padappai and SP Koil flyovers, reducing city travel time by up to 40 minutes. The upcoming Chennai Peripheral Ring Road will further strengthen access to ports and airports. Expanding beyond automotive manufacturing into electronics, renewable energy, logistics, IT, medical sciences, and R&D, Oragadam has become a magnet for professionals, MSME entrepreneurs and investors alike – fueling strong demand for quality housing and positioning it as one of Chennai’s most promising real estate destinations.

Bharat Doshi, Chairman, GTB Urban Developers, added “This partnership exemplifies the power of synergy. It brings together scale of Hiranandani to the detail of GTB.”

Spanning 360 acres, Hiranandani Parks is a thriving township that has already delivered 1,500 apartments, 55 acres of plotted developments, and 65,000 sq. ft. of operational retail space. With luxury residences delivering rental yields of up to 7 per cent, one of the highest in Chennai, the township continues to attract both homeowners and investors. The next phase of development spanning 100 acres – will include upmarket apartments, villas, plots, and commercial components, supported by enhanced infrastructure like new highways, expanded rail networks, and the upcoming airport linkages.

With its sustainable design, walkable streets, and access to healthcare, retail, education, worship, and sports facilities, Hiranandani Parks offers an ideal ecosystem for active senior living. Following the Oragadam launch, Hiranandani Communities is also exploring Panvel and Powai as future destinations for senior living, reinforcing its commitment to inclusive, multi-generational community development

With India’s senior population projected to reach 194 million by 2031, the senior living segment represents a high-growth, under-penetrated real estate opportunity.