House of Hiranandani to flourish in NCR
Surendra Hiranandani, who majorly promoted the House of Hiranandani is now planning to venture into NCR to flourish its residential projects apart from just planning to expand its footprints in cities like Hyderabad and Pune.
The House of Hiranandani has already set its footprint in cities like Chennai and Bangalore and is further planning to develop about one million sq ft in the cities.
However, the firm is already in the process of developing about 15-20 million sq ft. Neha Hiranandani, Director, House of Hiranandani quoted that they have been studying the market in the last three years and have seen Delhi as one of the highly competitive markets and would like to make their presence in the region.
Various estimates show that NCR is the largest residential market in India followed by a sheer volume of residential units initiated. However, the current number of projects in NCR is equal to that of the five metropolitan cities Bangalore, Chennai, Hyderabad, Kolkata and Mumbai.
Popular developers like DLF, Unitech, MGF EMAAR, Tata Realty, Ansal, Orris Infrastructure, Assotech Ltd, Raheja Developers, CHD and others have already set up a strong foundation in the NCR market.
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