Latest news with #NiranjanHiranandani
Time of India
5 days ago
- Business
- 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.
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Business Standard
20-07-2025
- Business
- Business Standard
Lower home loan EMIs spark increased buyer interest amid repo rate cuts
House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25) Prachi Pisal Mumbai Listen to This Article Real estate developers across India's top markets are reporting a rise in buyer enquiries, as banks slash home loan rates in response to recent repo rate cuts. 'On the demand side, there has been a marked increase in enquiries from potential homebuyers, particularly in the mid-income segments (homes priced between ₹40 lakh and ₹1.5 crore),' said Niranjan Hiranandani, chairperson of Hiranandani group and of the National Real Estate Development Council, under the Ministry of Housing and Urban Affairs. Home purchase affordability improved across key Indian markets in the first half (H1) of calendar year (CY) 2025, after the Reserve Bank
Fashion Value Chain
17-07-2025
- Business
- Fashion Value Chain
Future-Proof Living: Why Generations Trust the Hiranandani Name
In an era defined by market volatility and evolving investor priorities, Hiranandani properties continue to stand out as stable, high-performing assets. Backed by visionary urban planning and an unwavering commitment to sustainability, Hiranandani townships are not just homes – they are resilient investment ecosystems. Hiranandani Gardens, Powai, once a 250-acre quarry, is now a thriving urban hub. As per Knight Frank India's 2024 Real Estate Report, the area has seen over 300% capital appreciation in two decades, thanks to infrastructure, green cover, and holistic planning. Similarly, Hiranandani Estate, Thane, commands premium rental yields of 3-4% and enjoys lower vacancy rates, according to Anarock Research (2023). Each Hiranandani township functions as a self-sustained micro-economy, integrating commercial zones, schools, hospitals, and IT parks. Hiranandani Fortune City in Panvel is strategically located near the upcoming Navi Mumbai International Airport, Mumbai Trans Harbour Link, and Panvel-Karjat Rail Corridor, connectivity drivers that, according to JLL India (2024), are expected to boost property values by 25-30% over the next five years. Properties in Mumbai and Chennai continue to draw both investors and end-users. The walk-to-work model, high-end amenities, and community-centric lifestyle ensure sustained rental income and occupancy. As per Magicbricks Propindex Q1 2024, Hiranandani homes consistently outperform metro benchmarks in both yield and capital value. With over 46,634 trees planted, 4 million litres of water recycled daily, and solar integrations, Hiranandani's green townships are ESG-ready. CBRE India (2024) notes that green-certified homes now fetch 8-10% higher value in the market. With over four decades of delivery excellence and transparent governance, Hiranandani stands as a symbol of credibility in Indian real estate. 'We don't just build homes, we build legacies of growth and trust,' says Dr. Niranjan Hiranandani. For more information, visit
Business Standard
10-07-2025
- Business
- Business Standard
NAREDCO Mahi Hosts 4th NAREDCO Mahi Convention: Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow
PNN New Delhi [India], July 10: NAREDCO Mahi, the women's wing of the National Real Estate Development Council (NAREDCO), successfully hosted its 4th NAREDCO Mahi Convention at the Hyatt Regency, New Delhi, under the visionary theme 'Rise & Build: Women Transforming Real Estate for a Sustainable Tomorrow'. The event highlighted women's growing influence in steering India's real estate sector toward sustainability, inclusivity, and readiness for the future-aligned with the Viksit Bharat 2047 vision. At the 4th NAREDCO Mahi Convention, Chief Guest Shri Parvesh Sahib Singh Verma, Hon'ble Minister of the Delhi Government, delivered a powerful keynote inspired by Swami Vivekananda's call to "Arise, awake, and stop not till the goal is reached." He expressed strong faith in women's potential, stating, "Today's daughters are capable of achieving anything they set their minds to." As a proud father of two daughters, he highlighted that greater women's participation will boost transparency and integrity in real estate. He also commended NAREDCO Mahi's initiatives under Ms. Smita Patil, President-NAREDCO Mahi urging that women's empowerment be transformed from a sentiment into concrete policy and practice. One of the most anticipated sessions at the 4th NAREDCO Mahi Convention was the fireside chat titled "Housing in India: Synergizing Policy and Industry for Sustainable Urban Growth." The discussion brought together a dynamic policy-industry dialogue featuring Ms. D. Thara, IAS, Additional Secretary, Ministry of Housing & Urban Affairs, Govt. of India, Dr. Niranjan Hiranandani, Chairman, NAREDCO, moderated by Ms. Smita Patil, President, NAREDCO Mahi & Managing Director, SSPL Group. The panel stressed the importance of policy-industry collaboration, affordable housing, transit-oriented development, and women's leadership in shaping a resilient real estate future. "India's housing future must be built with policy, shaped by industry, and guided by inclusive values - especially empowering women and emerging leaders. At NAREDCO Mahi, we are committed to being a bridge -supporting women in the sector, nurturing young talent, and working in sync with the government for a stronger urban India," said Ms. Smita Dhanraj Patil, President NAREDCO Mahi & Managing Director, SSPL Group. During the fireside chat, Dr. Niranjan Hiranandani, Chairman, NAREDCO, emphasized "India has come a long way -we've addressed the fundamental needs of roti and kapda, and now makaan is our collective priority. As the second-largest employment sector in the country, real estate and construction hold enormous potential. But if we do not actively include women in this growth journey, we are leaving behind half the nation's strength.". He stressed that empowering women through targeted skilling is key to inclusive growth. In the housing and construction sectors, women can be powerful contributors. But for that, we must focus on skilling. Once we bring women into the fold, trained and equipped, we will not just see growth-we will see exponential impact. The digits will double, he added. "True progress in urban housing is not just about building structures, but about nurturing communities-selling a home, not just a house-a place where people belong, where water is secure, and where nature is respected. Sustainability begins when we protect our trees and our water," said Ms. D. Thara, Additional Secretary, Ministry of Housing and Urban Affairs, Govt. of India. At the 4th NAREDCO Mahi Convention, Ms. Isha Kalia, IAS, Joint Secretary, Ministry of Housing & Urban Affairs, Government of India along with Dr. Ananta Singh Raghuvanshi, Chairperson of NAREDCO Mahi, held an illuminating dialogue on women's transformative role in urban planning and policy execution. They explored how women are increasingly shaping the sector through leadership in planning, governance, and strategic vision. Both emphasized the vital importance of inclusive governance and the urgent need to integrate gender-sensitive frameworks into India's development agenda. "Real change begins when policy and purpose align--and women are given not just opportunity, but ownership in nation-building. At MAHI, we're not just mentoring women for leadership; we're mobilizing them to drive the creation of smarter, more inclusive, and future-ready cities," said Dr. Ananta Singh Raghuvanshi, Chairperson - NAREDCO Mahi. "Women must be at the planning table--not just as participants, but as powerful voices shaping the cities of tomorrow," remarked Ms. Isha Kalia, IAS, Joint Secretary, Ministry of Housing & Urban Affairs, Government of India. Mr. Hari Babu, President of NAREDCO, underscored the pivotal role of women in shaping the future of India's real estate sector. He emphasized that the industry's future must be inclusive, sustainable, and visionary, with women at the forefront of this transformation. By embracing women's leadership, the sector can unlock innovation and ensure equitable urban growth. He stated, "Women's empowerment must be a priority across our nation. We need to actively encourage our sisters to enter the real estate sector-and indeed any business-so that they can contribute meaningfully to economic growth. Parents should ensure daughters receive equal inheritance and proSperty rights, so every girl has the foundation to build her future. At NAREDCO, we are proud to support platforms like Mahi that are paving the way for a more progressive and resilient real estate ecosystem." The launch of NAREDCO NEXTGEN - North at the 4th NAREDCO Mahi Convention marked a key step in empowering young real estate professionals. Focused on mentorship, innovation, and industry engagement, the initiative aims to nurture future-ready talent and reflects NAREDCO's commitment to building a dynamic and inclusive real estate ecosystem. One of the most inspiring sessions at the 4th NAREDCO Mahi Convention was the fireside chat titled "Women of Substance: Journey and Accomplishments". The session featured distinguished women leaders--Padma Shri Dr. Deepa Malik, and Ms. Kanta Singh (Country Representative, UN Women India)--who shared compelling stories of resilience, leadership, and impact. Moderated by Ms. Preeti Singh, ADG, NAREDCO, the discussion highlighted the challenges they faced, the milestones they achieved, and their ongoing commitment to purpose-driven leadership. The conversation underscored the importance of inclusive spaces, mentorship, and empowering women to shape the future of business, policy, and urban transformation. A key highlight of the 4th NAREDCO Mahi Convention was the panel discussion on "RERA: Successes, Challenges, and the Road Ahead", featuring Shri Anand Kumar (Chairman, Delhi RERA), Shri Rakesh Kumar Goyal (Chairman, Punjab RERA), and Dr. Niranjan Hiranandani (Chairman, NAREDCO). Shri Anand Kumar, Chairman, Delhi RERA emphasized, "RERA has brought transparency, accountability, and efficiency to the industry. Homebuyers are now better protected, and the trust deficit has significantly reduced." He also called for early environmental clearances and additional funding mechanisms like the SWAMIH Fund to support project delivery. Shri Rakesh Kumar Goyal, Chairman, Punjab RERA added, "Punjab has emerged as a progressive real estate market, with 3,000+ registered projects and faster approvals. RERA has built investor and buyer confidence, reducing complaints by nearly 90%." Dr. Niranjan Hiranandani , Chairman, NAREDCO stated, "RERA has restored credibility to the sector. Project failures have become rare, and the success of SWAMIH Fund I shows how targeted support can unlock growth. Now is the time for SWAMIH II, III, and beyond." A high-impact panel discussion titled "Indian Real Estate: Pivoting to a USD 1 Trillion Market" was a major highlight of the 4th NAREDCO Mahi Convention, bringing together industry leaders to chart a strategic roadmap for the sector's next phase of growth. The panel featured Mr. Kalyan Chakrabarti, CEO of Emaar India; Mr. Manoj Joshi, Chairman & MD of Shikhar Group; Mr. Jyoti Prakash Gadia, Managing Director of Resurgent India; Ms. Verticaa Dvivedi, Founder of WADE Asia; Ms. Aishwarya Bansal, Co-Founder of Smart World Developers; and Ms. Chitra Jain, President-Elect of NAREDCO Mahi. The session was moderated by Mr. Gaurav Jain, CEO - India Projects, Infracorp. The discussion highlighted how rapid urbanization, rising consumer aspirations, digital transformation, and government reforms are collectively driving demand across residential, commercial, and emerging asset classes. Panelists emphasized that achieving the goal of a USD 1 trillion real estate economy will require inclusive, innovation-led, and sustainable development--not only in metro cities but also in India's growing semi-urban and rural markets. Another insightful session at the 4th NAREDCO Mahi Convention focused on "Acceptance and Inclusion: Creating Equitable Workplaces in Real Estate Across India's Diverse Regions", bringing together regional leaders from NAREDCO Mahi to address the critical need for gender integration in one of India's most male-dominated industries. The panel featured Ms. Priya Shah, VP (North); Dr. Anshul Gujarathi, VP (West); Ms. Sukanya Kannappan, VP (South); and Ms. Orpita Das, AVP (East), with moderation by Ms. Manaswi Kele, AVP (West). Together, they explored how India's cultural, linguistic, and economic diversity influences women's roles in real estate, particularly in Tier 2 and Tier 3 cities. The discussion highlighted key challenges such as access to capital, workplace safety, and work-life balance, while also emphasizing the importance of inclusive policies in driving innovation, equity, and customer-centric approaches. Panelists shared regional success stories and outlined NAREDCO Mahi's initiatives aimed at bridging the gender gap, empowering women at both corporate and grassroots levels, and contributing to the broader national vision of inclusive and sustainable growth. A standout session at the 4th NAREDCO Mahi Convention, "Transition of Foundation: Father-Daughter Duos Redefining Leadership in Real Estate", offered a deeply personal and inspiring look at how generational leadership is evolving in the industry. The panel featured trailblazing father-daughter pairs--Mr. Harsh Bansal and Ms. Sparsh Bansal (Unity Group), Mr. Vikas Dua and Ms. Aashi Dua (Chintamanis Group), and Mr. Lion Kiron and Ms. Roopali Kiron Yadugiri (SuchirIndia)--with moderation by Ms. Nandini Garg of Rajdarbar Ventures. Through candid storytelling, the session explored themes of mentorship, trust, succession, and the cultural shift occurring as daughters step into leadership roles within traditionally male-dominated family businesses. These narratives highlighted how progressive family dynamics are not only fostering empowered women leaders but also contributing to a more inclusive and diverse future for the Indian real estate sector. The convention honored exceptional women leaders with the NAREDCO Mahi Women Achievers and Sheroes Awards for their leadership, dedication, and contribution to Mahi's mission of empowering women in real estate and allied sectors The event concluded with a Vote of Thanks by Ms. Tina Mittal, Director, Nova Formworks Pvt. Ltd. who applauded the support of dignitaries, speakers, sponsors, and participants. "Our journey of transforming real estate through women's leadership has only just begun," she said. The event was executed in collaboration with ONEXTEL Communication Media as the official communication partner. About NAREDCO The National Real Estate Development Council (NAREDCO) was established in 1998 under the aegis of the Ministry of Housing and Urban Affairs, Government of India, as the apex national body for the real estate sector. NAREDCO brings together government bodies, industry leaders, developers, and financial institutions to promote transparency, ethical business practices, and sustainable growth in real estate and urban development across India. As part of its commitment to inclusivity and sectoral advancement, NAREDCO launched NAREDCO Mahi, its women's wing, to empower women entrepreneurs and professionals in the real estate and allied sectors. Mahi serves as a platform for women to lead, collaborate, and contribute meaningfully to industry transformation and nation-building. For more information, visit: and
Time of India
03-07-2025
- Business
- Time of India
India sees growing demand for premium residences with several amenities
India's housing market is undergoing a striking transformation post-pandemic with a growing share of premium residences as homebuyers increasingly gravitate toward larger properties in favourable locations featuring several amenities. Many consumers are looking to upgrade their residences, backed by a buoyant stock market, rising incomes, and affordable loans, experts said. Developers, too, are seeking to capitalise on this trend, focusing more on upscale offerings in prime urban centres, while the supply of affordable dwellings has reduced. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like [Click Here] 2025 Top Trending local enterprise accounting software Esseps Learn More Undo "As Indian demographics embrace a more global outlook, the appetite for niche, luxe living continues to rise. The 100-basis-point policy rate cut over six months have eased borrowing costs considerably, boosting consumer sentiment and liquidity," said Niranjan Hiranandani, chairman, Naredco. He said RBI's rate cut is expected to spur capital expenditure, support first-time homebuyers on tight budgets, and reignite demand for affordable homes in the near term. Live Events Homes priced above ₹1 crore comprised nearly half of all residential deals across top eight cities in the first half of 2025, showed data from Knight Frank India . Of the 170,000 homes sold during this period, over 83,000 were in the high-value bracket. Sales in the ₹20-50 crore segment surged nearly 30% year-on-year, underlining continued strong appetite for luxury housing. "The residential market is reflecting a nuanced shift where premium and luxury segments continued to thrive. Homes priced above ₹1 crore now constitute nearly half of all sales, an indicator of changing buyer priorities and rising aspirations," said Shishir Baijal, CMD, Knight Frank India. "Factors including cumulative 100 bps policy rate cut, improved liquidity, and positive economic environment will provide longer legs to this market including lower and mid value categories." The premiumisation trend is most pronounced in markets like NCR, Bengaluru, and Mumbai that are leading the high-ticket segment by volume. The affordable housing category, homes priced below ₹50 lakh, saw a decline in both sales and supply in the first half of 2025. Sales in this segment fell by 18% on-year, while new launches fell over 30%, indicating a growing gap in the market's most price-sensitive category. The tilt toward premium inventory has also pushed up home prices across the board. Average residential prices rose in all major cities, led by NCR and Bengaluru, where prices rose 14%. Hyderabad saw an 11% rise, while Mumbai, the country's costliest market, saw an 8% increase, reflecting continued demand for premium homes. Industry stakeholders including developers and financiers are of the view that the coming months will make this housing demand a more broad-based activity.
