Hiranandani
The Mumbai based Hiranandani Group has acquired Hirco Plc’s 368-acre Chennai project for Rs. 2,000 crore. Hirco Plc. is an investment firm. They raised £350 million (Rs. 3,500 crore) from global investors to fund Hiranandani Group’s Chennai and Panvel townships. The funds were used by Hiranandani Group to acquire 588 acres in Panvel and 368 [...] Continue Reading »
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
The real estate developers in India have started facing infringement of their brand names established over the years due to the joining of their counterparts in the sectors like pharmaceuticals and consumer goods that are known to make serious efforts to promote and protect their brands. Recently the developers like Hiranandani, Orbit, Kalpataru and HCC [...] Continue Reading »
Leading real estate businessman Niranjan Hiranandani of the Hiranandani group has filed a suit in the Bombay High Court seeking to restrain his married daughter Priya Hiranandani Vandrevala from using the name ‘Hiranandani’ in her business. The suit has been filed by Niranjan, his brother Surendra and their company Hiranandani Constructions Private Ltd (HCPL). They have sought [...] Continue Reading »
The Mumbai high court sought response to social activist Vikrant Karnik’s letter alleging illegalities in sale of flats. The bench comprising of bench of Justices S J Vazifdar and B P Colabawala issued notices to the state chief secretary, leading developers, Income-Tax and municipal commissioners of Thane and Mumbai. In early 2013, the court had, [...] Continue Reading »
One of the India’s largest real estate companies maintained privately by Hiranandani brothers is eyeing on new opportunities in the real estate segment for growth. The younger brother, Surendra Hiranandani is now set to launch his first redevelopment project in Mumbai.With this project, it will be an initiation of departure from his company House of [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
Mumbai- Inspite of downfall in sale, the demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite of dullness in the real estate sector, according to a report by Jones Lang LaSalle, a real estate consultancy firm. The rise in the number of high networth [...] Continue Reading »
After being a successful venture in the TV and film industry, Ekta Kapoor‘s Balaji Group has now entered Mumbai’s real estate market. The foray consists of two initial projects: a commercial complex in Chandivli, Andheri East, and a residential one in Mira Road. The land parcel had been bought by Jeetendra in auctions and now [...] Continue Reading »
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »
