Latest news with #HiranandaniGroup
Time of India
30-06-2025
- Business
- Time of India
Hiranandani Group targets 15–20% growth in FY26; to launch new township in Alibaug
NEW DELHI: 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.
Time of India
06-06-2025
- Business
- Time of India
RBI's 50-bps repo cut to boost mid-income, affordable housing demand
The Reserve Bank of India 's decision to cut the repo rate by 50 basis points to 5.5% is expected to help improve housing affordability and prop up demand for residential properties across the country, especially in the mid-income and affordable housing segments, experts said. This is the third consecutive rate cut by the central bank so far in 2025 taking it to a cumulative 100 basis points. The rate cut comes amid signs of slowing momentum in housing sales in some markets, as sustained price increases begin to weigh on buyer sentiment. 'The rate cut is expected to bring down home loan interest rates, improving affordability and widening access to homeownership. This could provide a meaningful push for first-time buyers and households looking to upgrade, especially in price-sensitive urban and suburban markets. We expect this move to translate into increased enquiries and faster decision-making in the coming months,' said Deepak Goradia, CMD, Dosti Realty. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. With home loan rates likely to ease following this rate reduction, realty developers are optimistic about a fresh wave of end-user activity. 'For the real estate sector, this rate reduction is set to bolster credit lending, accelerate buying velocity, and enhance development momentum. Lower mortgage rates make home ownership more attainable, driving greater demand. Additionally, this move could spur refinancing and strengthen investment in branded properties known for their attractive returns, particularly among Grade A developers,' said Niranjan Hiranandani, Chairman, Hiranandani Group. Lower borrowing costs could also unlock fence-sitter demand in tier II and III cities, where salaried buyers are highly rate-sensitive. The low-cost and affordable housing segment--a key pillar of the government's objective of Housing for All--is expected to benefit the most as loan instalments become more manageable. The March quarter performance reflected continued stability in India's residential sector, with primary sales reaching 88,274 units, a 2% on-year increase, according to Knight Frank India. While overall sales remained steady, performance varied across markets, with the low-income and affordable segments lagging. Commercial real estate may also see indirect benefits. Reduced funding costs are expected to improve project viability for office and retail developments, especially in under-construction assets that rely on institutional debt.
Time of India
24-05-2025
- Business
- Time of India
ET Digital UP Conclave: UP is becoming data centre hub of North India, says Nandi
1 2 Lucknow: UP is fast transforming into the data centre hub of North India, said minister for industrial development Nand Gopal Gupta Nandi. Citing the example of the Hiranandani Group's data centre in Noida, he said the state has laid a strong digital infrastructure that is attracting big investments in the IT and tech sectors. "Over the past few years, we have not only attracted data centre giants but also created a favourable ecosystem for their growth. During the Covid-19 pandemic, we used drone technology to digitally map land records and issued registries within days, showing the speed and efficiency of our digital transformation," he said. Nandi highlighted that UP's robust digital push helped the state achieve software exports and create direct and indirect jobs, reflecting the vision and commitment of the CM. Emphasising the state's rise as an IT powerhouse, the minister said that the state now has over 400 STPI (Software Technology Park of India)-registered IT and ITES companies. "The IT sector was once limited to Noida and NCR regions, but today global giants like IBM, Deloitte, Genpact, and HCL are operating from Lucknow too," he said. He announced that India's first AI Centre for Excellence is being set up in Lucknow, which will boost innovation and high-end research in emerging technologies. To build a future-ready workforce, the state launched the "AI Pragya Yojana," under which over 10 lakh youth are being trained in artificial intelligence, machine learning, data analysis, and cybersecurity. About ease of doing business, Nandi said govt has created a single-window portal to resolve investor issues quickly and transparently. "UP is no longer a state of fear for investors. Today, we guarantee security, transparency, and rapid support," he asserted. Nandi said UP is moving steadily towards becoming a trillion-dollar economy. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
Economic Times
21-05-2025
- Business
- Economic Times
Niranjan Hiranandani forecasts historic growth in Maharashtra real estate, powered by policy clarity
"Whether a private developer who does redevelopment or is going for slum rehabilitation is able to make affordable housing in a city like Mumbai?," says Niranjan Hiranandani, Hiranandani Group. ADVERTISEMENT After a long 18 years, finally the Maharashtra housing policy is going to be passed. Tell me, is it going to go far enough in addressing the state's massive housing shortfall, especially when it comes to the affordable segment? Niranjan Hiranandani: Let me tell you it is unprecedented. It is unbelievable. It is fantastic. The vision and the statement is out of the world. This is an equivalent amount which the prime minister had done when he first became the prime minister under the PMAY scheme. He had talked of 70,000 crores of rupees under the PMAY scheme for the whole of India. Now Mr Devendra Fadnavis now on this new policy is talking about 70,000 crores of investment direction for the purposes of Maharashtra alone, so that is a big statement. Number two, they are talking about every segment of society in terms of doing it, whether it is slums, whether it is rehab, whether it is inclusive housing, whether it is green buildings, whether it is residential in the industrial areas where there will be walk to work, all these factors are taken into consideration for the purposes under the new policy. So, fantastic policy, fantastic comprehensive thing whatever it is. However, he has not left it to chance. What has he done? He said I am making an information portal under AI which will monitor everything that is going to be done. So, it is not just a statement of fact that he is doing but he is probably making a road map which will actually be monitored in his state of things as he does in the case of infrastructure projects, the war room which he has put when he first became the chief minister and did the Atal Bridge, the coastal road 300 kilometres of metro. Now, housing seems to be the new focus which he is also talking about. So, three things – one, size and scale including every aspect of society, including industrial, including inclusive housing, looking at every aspects of housing which is to be done and monitoring it carefully to the finish. ADVERTISEMENT A combination of events I have not heard from Maharashtra for a long period of time on the housing side, never. So, it is unprecedented and fantastic. If it actually gets executed, there will be a paradigm in respect of homes and housing in Maharashtra in the next five years. But also, you have been quite vocal about the need for affordable housing. So, will this policy bring back the momentum for private capital and institutional investments into affordable housing because, of late, we have seen a lot of these real estate developers exit this segment, but do you think that this policy offers assurance and incentives to the private developers to now is the time to make a comeback? Niranjan Hiranandani: Yes and no. Yes, because a lot of incentives are being given for the purposes of affordable and inclusive housing. So, yes, that direction will be there. But whether private players will be able to make affordable housing or not, that depends on other policies. So, for example, the ready reckoner rate in Mumbai is so high, so high, and that it is unable to get the additional FSI on redevelopment at a reasonable rate. ADVERTISEMENT So, whether a private developer who does redevelopment or is going for slum rehabilitation is able to make affordable housing in a city like Mumbai? Answer is no. But with government incentives which obviously will follow for the purposes of this area of segment of society, maybe it will change, but they will have to relook at a lot of additional FSI charges which are now being levied by the state government, the stamp duty, other development charges which are levied by the corporation and state government also. So, then only affordable housing can be done by the private sector. But obviously, government's intent in order to do this irrespective of whether it will be done through the private sector or the government sector is to be seen depends on how they implement the policy and the changes they make which are consequent and necessary to implement the policy if they want the private sector to do it. ADVERTISEMENT Also, want to get your view on how this policy is going to affect a land bank development in the city. Do you think this is going to help unlock land for mass housing projects in key regions like MMR and Pune because that is also one of the focus areas that the policy aims to achieve? Niranjan Hiranandani: 100%, it will definitely make a difference because ultimately land has been made available because that is in the periphery of Mumbai, periphery of Pune. We have a large number of land and land banks which can be developed into it. ADVERTISEMENT Government is also working on all those schemes. If you see the plan for Mumbai 3.0 around Mumbai area where we have the airport, where we have the MTHL, where we have the Panvel-Karjat railway line coming up in the next two years, plus the elevated road from Chirle to the Pune Highway. All these factors will actually go in for a huge amount of development. Also, Navi Mumbai, Panvel area will get a huge boost. Also, the periphery of Pune especially on the direction on the Mumbai side of it will get a bigger boost because the new airport is coming. So, the opening of the new airport will also bring the new airport on this side of Pune. So, this development is definitely going to happen, but we are looking forward to consequential policies in terms of taxes and additional FSI rates and charges which are very high at this point of time, but the answer is yes affordable housing will get created in the periphery of both these areas. We understand that the policy has big goals and as much as it is a welcome step for Maharashtra real estate. Help us understand if you see any on ground challenges in the execution of this policy. Niranjan Hiranandani: It is very simple. If there were not challenges, there would not be a need for a policy of this kind. There are so many challenges. 50% of my population of Mumbai lives in jhopadpatti, that itself is a big challenge. The growth of Mumbai and periphery is going to be there. But remember one thing, this year you are going to see the highest growth of real estate in the history of India. The growth is estimated to be 25% growth in the year 2025. This has been confirmed by various authorities. We have just seen reports of various IPCs also talking about it. So, the Mumbai, Pune, MMR region is going to attract a lot more construction and development only because infrastructure is being developed in a very holistic way by Maharashtra government. This leadership is second to none and you will see a 25% growth in this region in the year 2025, this is my guesstimate. We could definitely cross 20%, but it could be 25.
Time of India
21-05-2025
- Business
- Time of India
Niranjan Hiranandani forecasts historic growth in Maharashtra real estate, powered by policy clarity
"Whether a private developer who does redevelopment or is going for slum rehabilitation is able to make affordable housing in a city like Mumbai?," says Niranjan Hiranandani , Hiranandani Group . After a long 18 years, finally the Maharashtra housing policy is going to be passed. Tell me, is it going to go far enough in addressing the state's massive housing shortfall, especially when it comes to the affordable segment? Niranjan Hiranandani: Let me tell you it is unprecedented. It is unbelievable. It is fantastic. The vision and the statement is out of the world. This is an equivalent amount which the prime minister had done when he first became the prime minister under the PMAY scheme. He had talked of 70,000 crores of rupees under the PMAY scheme for the whole of India. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Transform Your Child's Confidence with Our Public Speaking Program Planet Spark Book Now Undo Now Mr Devendra Fadnavis now on this new policy is talking about 70,000 crores of investment direction for the purposes of Maharashtra alone, so that is a big statement. Number two, they are talking about every segment of society in terms of doing it, whether it is slums, whether it is rehab, whether it is inclusive housing, whether it is green buildings, whether it is residential in the industrial areas where there will be walk to work, all these factors are taken into consideration for the purposes under the new policy. So, fantastic policy, fantastic comprehensive thing whatever it is. However, he has not left it to chance. What has he done? He said I am making an information portal under AI which will monitor everything that is going to be done. So, it is not just a statement of fact that he is doing but he is probably making a road map which will actually be monitored in his state of things as he does in the case of infrastructure projects, the war room which he has put when he first became the chief minister and did the Atal Bridge, the coastal road 300 kilometres of metro. Live Events Now, housing seems to be the new focus which he is also talking about. So, three things – one, size and scale including every aspect of society, including industrial, including inclusive housing, looking at every aspects of housing which is to be done and monitoring it carefully to the finish. A combination of events I have not heard from Maharashtra for a long period of time on the housing side, never. So, it is unprecedented and fantastic. If it actually gets executed, there will be a paradigm in respect of homes and housing in Maharashtra in the next five years. But also, you have been quite vocal about the need for affordable housing. So, will this policy bring back the momentum for private capital and institutional investments into affordable housing because, of late, we have seen a lot of these real estate developers exit this segment, but do you think that this policy offers assurance and incentives to the private developers to now is the time to make a comeback? Niranjan Hiranandani: Yes and no. Yes, because a lot of incentives are being given for the purposes of affordable and inclusive housing. So, yes, that direction will be there. But whether private players will be able to make affordable housing or not, that depends on other policies. So, for example, the ready reckoner rate in Mumbai is so high, so high, and that it is unable to get the additional FSI on redevelopment at a reasonable rate. So, whether a private developer who does redevelopment or is going for slum rehabilitation is able to make affordable housing in a city like Mumbai? Answer is no. But with government incentives which obviously will follow for the purposes of this area of segment of society, maybe it will change, but they will have to relook at a lot of additional FSI charges which are now being levied by the state government, the stamp duty, other development charges which are levied by the corporation and state government also. So, then only affordable housing can be done by the private sector. But obviously, government's intent in order to do this irrespective of whether it will be done through the private sector or the government sector is to be seen depends on how they implement the policy and the changes they make which are consequent and necessary to implement the policy if they want the private sector to do it. Also, want to get your view on how this policy is going to affect a land bank development in the city. Do you think this is going to help unlock land for mass housing projects in key regions like MMR and Pune because that is also one of the focus areas that the policy aims to achieve? Niranjan Hiranandani: 100%, it will definitely make a difference because ultimately land has been made available because that is in the periphery of Mumbai, periphery of Pune. We have a large number of land and land banks which can be developed into it. Government is also working on all those schemes. If you see the plan for Mumbai 3.0 around Mumbai area where we have the airport, where we have the MTHL, where we have the Panvel-Karjat railway line coming up in the next two years, plus the elevated road from Chirle to the Pune Highway. All these factors will actually go in for a huge amount of development. Also, Navi Mumbai, Panvel area will get a huge boost. Also, the periphery of Pune especially on the direction on the Mumbai side of it will get a bigger boost because the new airport is coming. So, the opening of the new airport will also bring the new airport on this side of Pune. So, this development is definitely going to happen, but we are looking forward to consequential policies in terms of taxes and additional FSI rates and charges which are very high at this point of time, but the answer is yes affordable housing will get created in the periphery of both these areas. We understand that the policy has big goals and as much as it is a welcome step for Maharashtra real estate. Help us understand if you see any on ground challenges in the execution of this policy. Niranjan Hiranandani: It is very simple. If there were not challenges, there would not be a need for a policy of this kind. There are so many challenges. 50% of my population of Mumbai lives in jhopadpatti, that itself is a big challenge. The growth of Mumbai and periphery is going to be there. But remember one thing, this year you are going to see the highest growth of real estate in the history of India. The growth is estimated to be 25% growth in the year 2025. This has been confirmed by various authorities. We have just seen reports of various IPCs also talking about it. So, the Mumbai, Pune, MMR region is going to attract a lot more construction and development only because infrastructure is being developed in a very holistic way by Maharashtra government. This leadership is second to none and you will see a 25% growth in this region in the year 2025, this is my guesstimate. We could definitely cross 20%, but it could be 25.
