[1-Oxo-2,3-hydrocarbylene-5-indanyloxy(or thio)] alkanoic acids, and the non-toxic pharmaceutically acceptable salts, esters and amides thereof are disclosed. The products display a polyfunctional pharmaceutical utility in that they exhibit diuretic, saluretic, uricosuric and antihypertensive activity. Also disclosed are processes for the preparation of such compounds, and methods of treatment comprising administering such compounds and compositions.