Niranjan Hiranandani

The Indian real estate sector witnessed a decline in affordable housing launches and overall sales in the September quarter of 2024

The Enforcement Directorate has questioned Niranjan Hiranandani, the promoter of prominent Mumbai-based realty company Hiranandani Group, in a foreign exchange violation case, official sources said Monday. Niranajn Hiranandani and his son Darshan Hiranandani were asked to join the investigation by the central agency at its office here as part of a probe being conducted under the Foreign Exchange Management Act (FEMA). Darshan Hiranandani has been living in Dubai for the past several years. About four premises of the group in and around Mumbai were searched by the Enforcement Directorate (ED) last month. Apart from some foreign transactions, the agency is stated to be probing into the beneficiaries of a British Virgin Islands-based trust allegedly linked to the Hiranandani Group's promoters. The group has said it will co-operate with the ED in this FEMA investigation. Official sources said this ED probe is not linked to another FEMA investigation being conducted against TMC leader

The Enforcement Directorate has summoned Niranjan Hiranandani and his son Darshan Hiranandani, the promoters of prominent Mumbai-based real estate developer Hiranandani Group, for questioning in a foreign exchange violation case on February 26, official sources said on Sunday. The Hiranandanis have been asked to depose at the central agency's office in Mumbai but they may choose to submit their primary responses through an authorised representative, they said. Darshan Hiranandani has been living in Dubai for the last many years. About four premises of the Hiranandani Group in and around Mumbai were searched by the ED last week under the provisions of the Foreign Exchange Management Act (FEMA). Apart from some foreign transactions, the agency is said to be probing the beneficiaries of a British Virgin Islands (BVI)-based trust allegedly linked to the Hiranandani Group promoters. The group has said it will cooperate with the ED in this FEMA investigation. Official sources said the

Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship

The real estate sector will sustain its growth momentum in this festival season, said Niranjan Hiranandani

The existing land bank of close to 500 acres spread across four locations is dedicated for 15 mn sq. ft of industrial and logistics parks development

Construction work to continue in Maharashtra; several builders make arrangements for workers to stay at site

In a Q&A, the chairman of Hiranandani Communities explains that the pandemic has prompted the millennial to move from being a renter of residential property to an owner

With stay-at-home, the house has become an office, school, fitness zone, entertainment--all rolled into one. New needs that have arisen have created demand for upgrades and renovations

Indian real estate is coming out of the challenges of economic and policy reforms, and the credit squeeze has added to the challenges, says Hirachandani

'The government's decision to reduce corporation tax rate to 17% for new companies is faulty', said Hiranandani

If PSBs are not able to do their job, they should be privatized, president Hiranandani

Plans to develop 2000 acre land in 5 years, against 550 acres in last 30 years

In talks with Xander, Brookfield for 3-mn-sq-ft project in Thane

Younger brother Surendra wants to re-invest his share in real estate and education