Hiranandani Group targets 15–20% growth in FY26; to launch new township in Alibaug
Hiranandani Group
is aiming for a 15–20% growth in the financial year 2025-26, backed by new launches, redevelopment activity, and ongoing platform developments.
Speaking exclusively to ETRealty,
Niranjan Hiranandani
, chairman of the company said that they will launch a 225-acre hospitality-focused township project in
Alibaug
by September 2025, featuring villas, plots, serviced apartments, water sports, and multiple hotels.
The group will also launch four redevelopment projects in the current financial year, of which two are expected to start soon, with additional ongoing activity in
Chennai
and Bengaluru.
Hiranandani said the real estate market continues to witness consolidation, with mid-segment players struggling to compete due to capital and regulatory constraints. He noted that the sector has seen a visible decline in volume, largely driven by a sharp drop in affordable housing demand—down by 20–25% over the past 18–24 months. However, mid and upper-segment housing has remained resilient, with year-on-year market growth averaging 12% between April 2024 and March 2025.
He also flagged challenges in
Mumbai
's redevelopment economics, citing that close to 50% of unit sale value in such projects goes towards government levies, including stamp duty, development premiums, and additional FSI charges, making affordable housing delivery economically unviable in several parts of the city.
On the commercial front, Hiranandani noted that grade-A office spaces are seeing high occupancy levels, and their positive spillover effects on residential demand are expected to materialize over the next six to 12 months.
The group is also expanding its industrial and warehousing footprint under the GreenBase platform, a joint venture with Blackstone. The platform currently includes 250 acres in Pune, 110 acres in Chennai, 70 acres in Bhiwandi, and 50 acres in Vasai. Two new projects are expected to be added during the year.
In the data center segment, Hiranandani said over ₹7,000 crore has been invested in three data centres across Navi Mumbai, Panvel and Greater Noida.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 days ago
- Time of India
Drawn by demand and high returns, non-Mumbai developers rush to tap city's booming realty market
Mumbai's property market is attracting developers nationwide due to sustained demand and redevelopment potential. Encouraged by high prices and limited land, firms from Bengaluru, Delhi NCR, and Pune are entering through joint ventures and other partnerships. Redevelopment projects, including slum rehabilitation, offer significant opportunities, despite challenges like high costs and regulatory hurdles. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Mumbai is experiencing a rush of property developers from other parts of the country, drawn by sustained demand and the long-term potential of redevelopment-led activity in India's biggest and priciest property by elevated prices amid limited land parcels, developers from markets such as Bengaluru, Delhi NCR and Pune are looking to get a foothold in housing market in India's financial hub continues to record robust performance in registrations and high-value transactions across key micro-markets, attracting developers from outside the the financial appeal of Mumbai's realty market remains strong, challenges persist. High construction costs, complex land ownership structures, and regulatory timelines remain key hurdles."Developers from diverse geographies are entering Mumbai buoyed by financial backing from private equity, and institutional funding under joint venture, joint development, or development management business models," said Niranjan Hiranandani, chairman, Naredco. "Redevelopment projects, including society and slum rehabilitation, stand out as untapped opportunities for these players, often implemented in collaboration with local developers for smoother navigation through approvals, compliance mechanisms, and on-ground execution."Recently, New Delhi-based DLF re-entered the market through a joint venture for a project related to slum rehabilitation scheme in Mumbai's Andheri suburb. The company said it has received bookings for over 416 apartments worth ₹2,300 crore in the project's first phase and 20% buyers are non-desident Indians (NRIs)."Our entry into Mumbai represents a significant strategic milestone for DLF," said Aakash Ohri, joint MD, DLF Home Developers, a 100% subsidiary of non-Mumbai entities including Prestige Group, Embassy Group, RMZ, Puravankara , Blackstone-backed Kolte Patil Developers , and Ramky Estates & Farms have entered the Mumbai property market. Many more are currently exploring options. Most of these have reported robust sales performance on the back of ongoing steady housing demand."The interest from non-Mumbai players for an entry here has grown sharply in recent quarters. For many of them, the partnership model works out to be the best strategy with local execution support, reduced risk, and the ability to leverage a brand," said Gulam Zia, senior executive director, Knight Frank contributed nearly 28% of the total residential sales value across the top eight cities in the first half of 2025, making it a key target for developers."Mumbai appears to be a huge opportunity for a developer like us with a good execution track record. We are fully equipped to manage little complexities in the growth journey. We have so far acquired 7 key projects in the city including South Mumbai," said Rajat Rastogi, CEO, west and commercial business, to industry experts, Mumbai's redevelopment-centric approach shaped by regulatory frameworks such as Development Control & Promotion Regulations (DCPR) 33(7), 33(9), and slum rehabilitation schemes require experience in handling tenant consent, approvals, and municipal processes. This regulatory complexity continues to deter direct entry for many national developers, making partnerships a preferred from Mumbai and its suburbs, satellite towns including Thane and Navi Mumbai, and peripheral markets are also being explored by developers.
News18
4 days ago
- News18
PhysicsWallah, Saatvik Green Energy, 5 others get Sebis nod to launch IPOs
New Delhi, Jul 24 (PTI) As many as seven companies, including edtech unicorn PhysicsWallah and solar panel maker Saatvik Green Energy, have received Sebi's go ahead to launch initial public offerings (IPO), an update with the regulator showed on Thursday. Others that received regulatory clearance are Vinir Engineering, real estate company Pranav Constructions, roof-top solar solutions provider Fujiyama Power Systems, cash logistics solutions provider SIS Cash Services and chemical manufacturing firm Anlon Healthcare. These companies, which filed their preliminary IPO papers between January and April, obtained Sebi's observations during July 14-18, the update showed. In Sebi's parlance, receiving observations is equivalent to getting the approval to proceed with a public issue. Meanwhile, Gaudium IVF and Women Health, which filed its IPO documents in January, withdrew its draft papers, the update showed. During the January-June period of 2025, as many as 24 companies mobilised Rs 45,351 crore through IPO compared to Rs 31,281 crore raised by 36 firms during the same period last year, according to data shared by merchant bankers. Moreover, in July, at least eight companies have already launched their maiden public offerings and another five are scheduled to open in the next few days. PhysicsWallah filed its draft IPO papers in March with Sebi through a confidential pre-filing route. The confidential pre-filing route allows the company to withhold public disclosure of details under the draft red herring prospectus (DRHP). Satvik Green Energy is aiming to raise Rs 1,150 crore through its maiden public issue. The Haryana-based company's IPO is a combination of fresh issue of shares worth Rs 850 crore and an offer for sale (OFS) component of Rs 300 crore by promoters, according to the draft papers. Proceeds from the fresh issue will be used to pay debt, investment in its subsidiary Saatvik Solar Industries, in the form of debt or equity for payment of borrowings, for setting up of a 4 GW solar PV module manufacturing facility in Odisha, and for general corporate purposes. The IPO of Pranav Constructions, a Mumbai-based real estate developer, involves a combination of a fresh issuance of Rs 392 crore and an OFS of 28.57 lakh shares by the promoter and an investor shareholder. The company intends to use the proceeds from its fresh issuance worth Rs 223.75 crore towards obtaining government and statutory approvals, purchasing additional FSI (Floor Space Index), compensating members for alternate accommodation, and addressing hardship compensation for certain under-construction and upcoming redevelopment projects. Additionally, Rs 74 crore will be used for debt repayment, acquiring future redevelopment projects, and a portion will be used for covering general corporate expenses. Vinir Engineering's IPO is entirely an OFS of up to 5.33 crore equity shares by promoter Nitesh Gupta. Greater-Noida-based Fujiyama Power Systems' IPO is a combination of a fresh issue of equity shares worth Rs 600 crore and an OFS of 2 crore shares by promoters. Proceeds from the fresh issue are proposed to be utilised towards financing the cost of establishing the manufacturing facility in Ratlam, Madhya Pradesh, repayment of debt, and general corporate purposes. SIS Cash Services' IPO is a mix of fresh issue of shares worth Rs 100 crore and an OFS of 37.15 lakh shares by promoters. The capital raised from the fresh issue to the tune of Rs 37.59 crore will be used for the purchase of cash vehicles and fabrication of the secured vehicle, Rs 29.81 crore for payment of debt and a portion will be used for general corporate purposes. Anlon Healthcare's IPO will comprise solely of a fresh issue of 1.4 crore equity shares with no OFS component. Proceeds from the IPO will be used for the expansion of the company's manufacturing facility, payment of debt, supporting working capital needs, and general corporate requirements. All the seven companies will be listed on the BSE and NSE. PTI SP SHW SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 24, 2025, 17:45 IST News agency-feeds PhysicsWallah, Saatvik Green Energy, 5 others get Sebis nod to launch IPOs Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
4 days ago
- Time of India
Building smarter, greener, and future-ready: Why the real estate industry can't wait any longer
BY: ETStudios India's real estate sector is at a turning point. It contributes about 7% to the country's GDP and is projected to hit a $1 trillion market size by 2030. But scale alone isn't enough anymore. What's needed now is a serious rethink of how we build, what we build, and what it leaves behind. The country's 2070 net-zero commitment has moved sustainability from a buzzword to a baseline. And with buildings responsible for nearly 40% of global energy use and a significant share of emissions, the spotlight on the built environment has never been sharper. This isn't about a distant future. Policy frameworks are evolving. ESG metrics are influencing capital flows. Smart cities are no longer pilot projects but urban realities. Buyers and tenants are asking harder questions. Investors are watching. With that backdrop, we're launching Future-Proof Realty, a new studio discussion series that captures this shift in real time. Produced by ETRealty and ETStudios, the series brings together leading voices from real estate, urban planning, architecture, sustainability, and technology to explore what this transition really looks like on the ground. Each episode tackles a key challenge. Whether it's integrating green materials into mainstream construction, making legacy buildings more energy-efficient, or aligning with emerging regulations, the conversations aim to unpack both the complexities and the opportunities. This is not just about green facades or solar panels. It's about designing buildings that are efficient, adaptive, and responsive to the world we're heading into. It's about balancing growth with resilience. Innovation with regulation. Vision with accountability. The real estate sector sits at the intersection of infrastructure, environment, finance, and lifestyle. What happens here has a ripple effect across industries and across lives. Future-Proof Realty is where those deeper stories unfold. Not through presentations, but through conversations. Grounded, candid, and informed. This isn't a marketing campaign. It's a documentation of a sector in transformation.
