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Hirco

Hiranandani acquires Hirco’s project in Chennai

Hiranandani acquires Hirco’s project in Chennai
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 »

Battle between CREDAI and builders on code of conduct

Battle between CREDAI and builders on code of conduct
When several real estate developers in India have refused to abide by the code of conduct lay down by CREDAI, the builders association has expelled those developers, while some have resigned discontinuing their involvement with the organization. The builders have refused to sign the association’s code of conduct as they are not convinced by the [...] Continue Reading »

3 members are expelled from builders body in Chennai

3 members are expelled from builders body in Chennai
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] Continue Reading »



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