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0ffice market to stay strong despite falling growth numbers: Colliers Report

Bengaluru continues to top charts/ record year for HyderabadGurgaon, January 21, 2017: Despite the forecast of falling growth estimates for India GDP to 6.8-7.0% due to short-term adverse repercussions of demonetization, Colliers believes that the outlook for the office sector will remain positive this year. The policy changes that the government is implementing should help improve business confid

Sobha Limited bags EPC World Awards for Outstanding Contribution in Real Estate

Bengaluru, January 21, 2017: Sobha Limited, the realty major and one of the most admired and trusted brands in India,has bagged the 6th EPC World award in the category Outstanding Contribution in Real Estate (Residential Project ) for Phase 1, International City, Gurgaon Project at an award ceremony held yesterday at New Delhi. The award recognises Sobha’s sterling contribution in the constructi

Delhi NCR residential market hits historical low with 85% drop since 2010; Office market registers 70% Y-o-Y drop in new completions: Knight Frank India

New Delhi, January 20, 2017: Knight Frank India today launched the sixth edition of its flagship half yearly report - India Real Estate. It presents a comprehensive analysis of the residential and office market of NCR for the period July to December 2016 (H2 2016). Key Residential Takeaways: · NCR witnesses a de-growth in demand and supply by 29% and 73% respectively, compared to the same perio

Tata Value Homes expands its presence in NCR

~ Partners with Lotus Greens to develop a 20-acre ultra-smart township – Destination – 150~ ~Offers 2 BHK and 3 BHK apartments starting at 50 lakhs and 57 lakhs~ New Delhi, January 20, 2017: Tata Value Homes – a 100 % subsidiary of Tata Housing - one of the leading real estate development companies in India, today announced its foray into Noida with the launch of a first-of-its-kind smart

CREDAI Western UP Announces New Leadership Team

General Body of CREDAI Western UP elects members of EC and GC Board Mr. Deepak Kapoor elected as the President of CREDAI Western UP Noida, January 20, 2017: The CREDAI Western UP Chapter of Confederation of Real Estate Developers Associations of India (NCR) has announced the appointment of Mr. Deepak Kapoor (Director, Gulshan Homz Pvt Ltd) as the President in the recently held General Body

Construction of 78,703 houses for urban poor approved today with an investment of Rs.2,956 cr

New Delhi, January 20, 2017: Ministry of Housing & Urban Poverty Alleviation has asked all the States and Union Territories to submit proposals for construction of affordable houses for urban poor at the earliest so that the Housing For All target in urban areas could be met by 2022 as envisaged. This was conveyed by Dr. Nandita Chatterjee, Secretary(HUPA) during a meeting of the Central Scr

States can’t dilute Real Estate Act; Shri M.Venkaiah Naidu warns of public outcry

Ministry of HUPA rules out any amendments to RERA; plot size of 500 sq.mt not to be changed Implementation of RERA discussed with States; Most of the States to notify rules soon New Delhi, January 19, 2017: Minister of Housing and Urban Poverty Alleviation Shri M.Venkaiah Naidu today urged the States and Union Territories to rise to the occasion and implement the Real Estate (Regulation & De

Royal Sundaram Launches 'Gruh Suraksha' - Industry's Most Comprehensive and Affordable Home Insurance Product

Chennai, January 19, 2017: Plans to Offer Unique Benefits Such as Loss of Rent, Rent for Alternate Accommodation as Well as Coverage for Household Items - Guaranteed Acceptance of up to Rs. 5 Crore sum Insured in Building, Underwriting for Proposals Above Rs. 5 Crore sum Insured, With a Tenure of 1-20 Years - Cover Against Terrorism Available as an add-on Cover for a Tenure of 1 Year - Cover fo

How to Make the Most of Property Inspection Trips

New Delhi, January 19, 2017: Inspection trips can be a great way of finding your ideal property abroad, but are they something that will suit your home hunt? Ten years ago, at the height of the property boom, such viewing trips were big business. Agents or developers advertising packages as low as £49 would fly you out to the Spanish Costas - or the resort areas of Turkey, Egypt or Cape Verde -

Dubai's property market rife with opportunities

Dubai, January 19, 2017: If you are eyeing lucrative gains, it is recommended that you buy a property in suburban localities Dubai is the most modern city in the Middle East. Its awe-inspiring structures are deemed the acme of architectural beauty and its economic environment support hundreds of businesses every year. For this reason, the emirate attracts thousands of people each year who eventua

Inside Real Virtuality - An immersive showcase in Mumbai

New Delhi, January 19, 2017: Swissnex India and Artanim present ‘Inside Real Virtuality’, a multi-user immersive platform combining a 3D environment which can be experienced through a Virtual Reality (VR) headset with a real-life stage setup. The technology behind ‘Inside Real Virtuality’ This ground-breaking technology was developed from the extensive research undertaken in the last fo

Eros Sampoornam offers possession letter to 1700 homebuyers

Greater Noida, January 19, 2017: With the beginning of the New Year Eros Group, one of the leading realty giants in Delhi NCR, gives another reason to celebrate. It has offered possession letters to the homebuyers of its premium project, Eros Sampoornam, located in Sector-2 of Greater Noida West. The Phase -1 of the project is complete and ready for possession. This phase comprises of total 21 tow

The Most Versatile TV Lift in the World

New Delhi, January, 2017: Anusha Technovision Private Limited (ATPL) is a technology & innovation driven company that provides customised ‘Lighting Control and Automation systems’, for all commercial and residential needs. It however recognises itself as an organisation whose sole purpose is to provide its customers with enchanting and everlasting living experiences. Conceived as a One St

Budget needs to spell out policies to ensure that maximum domestic manufacturing - Kamal Nandi, Business Head & EVP, Godrej Appliances

New Delhi, January 18, 2017: “Consumer appliances help to enhance people’s quality of lives through various household products and hence are a crucial sign of India’s rapid economic growth. These products are not luxury items but vital tools towards making people’s lives easier and more productive. The consumer appliances segment keenly awaits the forthcoming budget. There are huge expect

Real Estate Trends in 2017 - Santosh Naik, M.D & CE.O Disha Direct

New Delhi, January 18, 2017: The Real Estate Sector would be tremendously be affected by the various Government Policies & regulations like- 1. Demonetisation: Ø Due to the no availability of cash for real estate transaction has affected the land deals as well as high value real estate deals. The effect will be prevalent in 2017 as well. Ø The affect of cash crunch could be seen even in

To encourage the supply of rental housing and increase the standard deduction available for rental income - Rohit Gera

New Delhi, January 18, 2017: The introduction of the Real Estate Regulatory Act as well as demonetization last year has been extremely disruptive for the real estate sector. The government has already expressed its vision of housing for all by 2022. If this is to become a reality,they will need to provide tremendous amount of stimulus for the real estate sector so that homes become more affordab

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An interview with Neha Hiranandani, Director, House of Hiranandani

1) Do tell us about the House of Hiranandani?

House of Hiranandani (HoH) is a leading business conglomerate and pioneer of destination projects in India. HoH’s USP is in creating well planned communities across segments and needs that are productive. Hence it has segmented its products into 3 distinct categories of residential projects-the ultra-premium Signature range, the Upscale range and the mid-market Urbania range. Under its umbrella it has schools, entertainment, hospitality and healthcare.

2) Can you dwell on the current projects and those in the pipeline at HoH?

In Chennai, we are focusing on the city’s first integrated, large scale community, a 110 acre mixed-use development at OMR Chennai. It’s an ambitious mixed-use development community, which will be developed in subsequent Phases. We already have about 200 happy families residing in the community. Our school within the community is functional, and we will be shortly launching our retail and entertainment verticals.

 

In Bangalore we are coming up with spacious apartments in Bannerghatta and an integrated community of architecturally exquisite villas, cottages and apartments in Devanahalli. The third landmark destination in Bangalore is at Hebbal, with spacious residential apartments.

Talking about future plans, we intend to launch our first redevelopment project in Chembur, a Mumbai suburb, this year, involving a mid-sized housing society. The renewed aggression on development reflects HoH’s new optimism in the Indian real estate sector which is expected to witness a revival this year.  We will also be launching our flagship Urbania project in Chennai shortly.

HOH has already identified projects in Hyderabad and will be launching soon. The main focus in these cities will be on residential developments. Also in the pipeline is our next destination Delhi-NCR, where we hope to start residential projects, besides looking at expanding our footprints to satellite cities such as Pune.

3) Are there any unique demands you have met in your quest to build community residences?

Certainly. The aim and mission of the organisation continues to be to create communities that contribute to the larger needs of city planning and urbanisation, adding value and wealth to the nation.

House of Hiranandani Community, Egattur OMR

4) How have you kept pace with technology in your construction practices?

We have consolidated our position by being at the forefront of value engineering and design. At HoH you can witness incorporation of new innovations such as Fiber to the Home Technology (FTTH) which was used for the first time in India at our OMR, Chennai Community development. This technology refers to a broadband telecommunications system based on fibre optic cables and associated optical electronics for delivery of multiple advanced services such as telephone, broadband, Internet and television. Fibre optic cables ensures really fast Internet speeds supporting next generation services like IPTV, video on demand and home automation that creates homes and communities which are smarter and future proof. Following a stupendous response from our customers in Chennai, we plan to offer FTTH technology across all our projects in India.

5) What are your Eco-friendly initiatives?

Recognising the significance of green building practices for a sustainable community, HoH is amongst the pioneers in adopting environment friendly solutions in India. We introduced recycling of sewage water in all communities way back in 1980s when terms like reduce, reuse and recycle were still new. Usage of vermin-composting, maximization of waste recycling, prevention of soil erosion, water conservation through use of superior irrigation techniques (resulting in reduction of water consumption by nearly 30%), rain water harvesting and adoption of eco-friendly techniques for developing our green spaces has ensured environment sustainability at all our locations.

OMR Chennai Property

6) Please speak to us about the person behind the Hiranandani Group?

Mr. Surendra Hiranandani is the Founder and Managing Director of HoH and the Hiranandani Group of Companies. The Hiranandani brothers, co-founders of one of India’s largest privately held real estate companies, are separately eyeing new opportunities for growth, seeking to venture into new business segments or untapped geographies. Mr. Surendra is the powerhouse and the centre for the engineering and architectural initiatives at the company, thus contributing to the outstanding reputation for quality and innovation here. He is recognized for his contribution and foresight in transforming many a barren land into some of India’s leading property development destinations.

7) Neha, it would be nice to hear about you?

I am the eldest daughter of Mr. Surendra Hiranandani. Equipped with my father’s values and visions, I am well positioned to carryforward the legacy of the family and strong professional background has really helped me. My major contribution at HoH is the formation, nurturing and elevation of ‘House of Hiranandani’ as a distinctive brand with its own identity and geographies. While I am learning from my father about the planning, architectural and construction spectrum, I closely look into Legal, Finance and Marketing divisions of the company.  My father ingrained in me a value system leading to transparency and creditability whether it is setting up land acquisitions or approval systems.

Thus I have synergized the organizational chart creating strong core and regional teams in Bengaluru, Chennai, Hyderabad and Mumbai. Our goal is not to be the biggest, but the best. For this endeavour we continue to be dynamic, absorbing raw ideas and preferences as we expand through the country.

Looks like Neha is destined to scale new heights in the corporate world very soon. We wish her the very best.

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