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Chinese Construction major SGW forays into India through Joint Venture with Bengaluru-based Fortuna Group

SGW Fortuna the joint venture will infuse an initial investment of USD 50 million and similar investment to be made within next 24 months To start projects from Bengaluru and move pan India in a phased manner Appoints real estate industry veteran Mr. Neo Chia Wui as CEO of SGW Fortuna Bengaluru, December 03, 2016: Beijing Headquartered Sino Great Wall International Engineering Co., Ltd. (

A report from the Overseas Property Market in Russia. Autumn 2016

New Delhi, December 03, 2016: Sales of Overseas Property to Russian buyers was a fast growing business with many agents and developers around the world relying on Russian clients for a substantial share of their business. The recent financial crisis had taken it's toll, however the signals from the two major Overseas Property Shows in Moscow, this Autumn 2016, indicate a welcome resurgence in the

Investment as the key driver for buying property - Rajeeb Dash, AVP – Sales & Marketing, Tata Housing on the CBRE Millennial Survey findings

New Delhi, December 03, 2016: "Millennials today comprise the single largest consumer segment globally. These young buyers at an average age of 35 years have informed opinions, are independent and know exactly what they want, affirmed in the recent Millennials Survey by CBRE. It is very encouraging to note that a significant number of millennials in India aspire to buy a property in the future wit

Amantraby Tata Housing wins laurelsat Project Management Institute (PMI) India Awards 2016

Bangalore, December 02, 2016: Tata Housing Development Company (Tata Housing), one of India’s fastest growing real estate companies, announced its recent win at the prestigious Project Management Institute (PMI) India Awards 2016. The company was awarded the runner-up title under ‘Project of the year’ category for project management and execution of its Amantra project. Amantra by Tata Hous

Demonetisation to strengthen Real Estate Sector: CREDAI

Hyderabad, December 01, 2016: (UNI) Confederation of Real Estate Developers Association of India (CREDAI) Hyderabad today announced that the real estate industry fully supports the decision of the government to demonetise currency notes of Rs 500 and Rs 1000. The CREDAI Hyderabad members welcomed the Union government’s decision to put a halt on black money and said that the move would go a long

CMC Launches ‘COSMOS’ – The Latest Collection of Full Body Porcelain Tiles

Mumbai, November 30, 2016: Classic Marble Company (CMC) has launched a new collection of ultra slim, large format porcelain tiles. Introduced as Cosmos, the collection is part of the Grande Porcellana 3mm Ceramic Slabs range and will be available in the market branded under KalingaSlimtech. Designed in formal and subtle styles that can beautify even the most basic utility areas, the Cosmos collect

New realty investment hub: Mira Road

Mumbai, November 27, 2016: The fast developing western suburb of Mira Road has become one of the most sought-after property investment destinations attracting a fair share of the cosmopolitan crowd. Thanks for the cheaper brimming realty opportunities. Situated towards the northern region of Mumbai, the locality is cited to be one of the fastest developing suburbs. Its seamless connectivity to Na

366 Visitors Turn up to IIFL Home Loans’ Health Camps for Free Check Up

New Delhi, November 26, 2016: With an eye to foster health, happiness & productivity among people, IIFL Home Loans, one of the leading housing finance companies of India successfully organized 7 Health & Eye camps across Maharashtra and Uttar Pradesh under the ambience of specialized health professionals. It deepened its presence in Virar, Boisar and Mumbai MMR (Maharasthra) by successful

Ascott Redefines Travel for Millennials with New Brand LYF and Targets 10,000 Units By 2020

Lyf residences, designed for and managed by millennials, to seize opportunities in rising trend of co-living and co-working Chennai, November 26, 2016: CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott) is unveiling its newest brand, Lyf (pronounced ‘life’), designed for and managed by millennials who wish to experience destinations as locals do. Going b

Vista Grey Oak Plank Flooring

New Delhi, November 24, 2016: Vista Grey Oak is a hardwood species characterized by being hard wearing and therefore very suitable for flooring. This gently textured oak plank is a subtle combination of light grey with white tones. The fusion of the two colours beautifully enhance the natural grain structure of the oak. Junckers solid hardwood flooring is produced and categorized in accordance wit

Sobha Evergreens bags ‘Best Residential Plot Development of the Year’ at Siliconindia Chennai Real Estate Awards 2016

Bengaluru, November 24, 2016: Sobha Limited, one of the most trusted brands, has been conferred with the ‘Best Residential Plot Development of the Year - West Chennai’ award for ‘Sobha Evergreens’ at the 4th annual Siliconindia Chennai Real Estate Awards program 2016. Sobha Evergreens located near West Tambaram, is the company’s first plotted layout project in Chennai. It comprises of 11

Indore based Froyofit raises Pre-Series A funding led by Filmfare award winner actress Dr. Pooja Gandhi

Bangalore, November 23, 2016: Indore based Fitness discovery platform Froyofit has raised an undisclosed amount of pre series A funding in a round led by Dr. Pooja Gandhi who is an Indian actress and producer and works mainly in Kannada and Tamil cinema and has two filmfare awards to her name. Pooja will also be the face of Froyofit in South Indian market. Froyofit is a fitness app available on an

‘Decoding GST and Real Estate Regulation’

RICS releases white paper to analyse the impact of GST & RERA on the real estate sector New Delhi, November 23, 2016: RICS, the world’s leading self-regulatory professional body for qualifications and standards in land, property, construction and associated environment issues, in association with RICS School of Built Environment, Amity University today announced the release of a white paper

Sustained sales traction and improved cash flow

Bangalore, November 22, 2016: Sobha Limited today announced its unaudited financial results for the quarter ended September 30, 2016. A brief snap shot of the key operational and financial parameters for the second quarter of the financial year ending 2017 is given below: Cash inflow of Rs. 6.36 billion, up by 9% Qtr-o-Qtr Net operational cash flow of Rs. 852 million after financial outflow

IIFL Home Loans’ New Branch in Indore

Indore, November 22, 2016: With an eye to provide leg up to the prime minister nationwide scheme, “affordable housing for all by 2022”; IIFL Home Loans,a leading housing finance company of India,inaugurated its new branch in Indore today i.e. on 17th November, 2016. The inauguration started from 12:00 noon onwards. Mr. Shankar Lalwani, Chairman Indore Development Authorithy presided over the

Gera Developments unveils LINT, a unique initiative for its IMPERIUM customers

LINT aims to provide Imperium customers qualitative inputs to help accelerate their business success. Goa, November 20, 2016: Gera Developments, one of the pioneers of the real estate industry and the creators of premium residential & commercial projects in Pune, Goa & Bengaluru today announced its newest community building initiative consisting of Learning, Inspiration, Networking&

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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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