Hiranandani Group is targeting a growth rate of 15–20% for the financial year 2025-26, supported by new launches, redevelopment initiatives, and ongoing platform advancements.Niranjan Hiranandani, the company’s chairman, stated that they plan to unveil a 225-acre hospitality-oriented township project in Alibaug by September 2025, which will include villas, plots, serviced apartments, water sports facilities, and several hotels.
Additionally, the group intends to initiate four redevelopment projects within the current financial year, with two expected to commence shortly, alongside further activities in Chennai and Bengaluru. Hiranandani remarked that the real estate market is experiencing consolidation, as mid-segment players face challenges in competing due to capital and regulatory limitations.
He observed a noticeable decline in volume within the sector, primarily attributed to a significant reduction in demand for affordable housing—down by 20–25% over the last 18–24 months. Nevertheless, the mid and upper-segment housing markets have shown resilience, with an average year-on-year growth of 12% from April 2024 to March 2025.
He also highlighted the difficulties in Mumbai’s redevelopment economics, pointing out that nearly 50% of the sale value of units in such projects is allocated to government levies, including stamp duty, development premiums, and additional FSI charges, rendering affordable housing delivery economically unfeasible in various areas of the city.
On the commercial side, Hiranandani observed that grade-A office spaces are experiencing high occupancy rates, and the positive spillover effects on residential demand are anticipated to emerge over the next six to twelve months.
Furthermore, the group is broadening its industrial and warehousing presence through the GreenBase platform, a joint venture with Blackstone. This platform currently encompasses 250 acres in Pune, 110 acres in Chennai, 70 acres in Bhiwandi, and 50 acres in Vasai, with two new projects expected to be introduced during the year.
In the data center segment, Hiranandani said over ₹7,000 crore has been invested in three data centres across Navi Mumbai, Panvel and Greater Noida.
