Niranjan Hiranandani
Hiranandani Developers recently launched a residential project called Rodas Enclave at Hiranandani Estate in Thane. The project will comprise two BHK to five BHK apartments and the price will range between Rs 1.6 crore (for a two BHK) and Rs 8 crore (for a five BHK). Located in the vicinity of Ulhas River, Rodas Enclave [...] Continue Reading »
Originally announced in the Fiscal Year of 2014, REITs (Real Estate Investment Trust) did not offer any tax sops to attract potential investors in the cash-strapped realty market. The BSE has now launched a 11-member advisory group on REITs, to engage long term funds from national and international investors. In order to popularise REITs, various [...] 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 »
Searches were conducted at 20 locations of real estate major Hiranandani group in Mumbai and other cities by the Income Tax department in connection with alleged tax evasion. People from the Income Tax department who are aware of the developments are saying that the simultaneous searches had been conducted at many locations of the group [...] Continue Reading »
Niranjan Hiranandani, the real estate tycoon who created the eponymous enclave in Mumbai’s Powai area is fighting with his daughter Priya Vandrevala, a self-confessed rebel, for a property worth at least Rs. 3,000 crore. Hiranandani and his son Darshan last month fired latest round, when they moved to the Bombay High Court to restrain Priya’s company, Hiranandani Living, [...] Continue Reading »
Bombay High Court on Tuesday granted interim stay to senior bureaucrat T C Benjamin, on an order directing the Maharashtra Anti- Corruption Bureau (ACB) to investigate accusations against him in an alleged real estate scam. The ACB registered an FIR against Benjamin, the Principal Secretary of the State Urban Development Department, and developer Niranjan Hiranandani, [...] Continue Reading »
The Anti-Corruption Bureau (ACB) will be inquiring Niranjan Hiranandani, the co-founder of Mumbai-based Hiranandani Group, with regard to a criminal complaint case filed against him in connection with suspected irregularities in a housing project. A special court has directed the ACB, while hearing the complaint filed by activist Santosh Daundkar against Hiranandani, for allegedly cheating [...] Continue Reading »
The HC directed the Hiranandanis to construct 3,100 affordable houses. According to the order, the developer have to take permission to embark on further construction after he finalized the constructions of the affordable houses. Niranjan Hiranandani will submit plans for construction of affordable houses in his Powai township project within two weeks. The HC stopped [...] Continue Reading »
The Hiranandani construction that is known worldwide was recently asked to raise affordable housing sectors in various localities of Mumbai city. This order was passed by Supreme Court after which Hiranandani group was held for time being in concern with following up same! However, Hiranandani construction’s developer Niranjan Hiranandani will soon be submitting plans of [...] Continue Reading »
Hiranandani Group director, Niranjan Hiranandani, against whom CBI had issued a look-out notice in connection with an alleged over Rs nine crore Provident Fund scam, was granted anticipatory bail by a special court. While granting anticipatory bail to Niranjan, special CBI judge S P Hayatnagarkar observed that his custodial interrogation was not required. CBI had [...] Continue Reading »
