Hiranandani

Rising interest rates, prices hurt real estate demand: Hiranandani Group MD

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

Hiranandani to invest Rs 3,200 cr to redevelop 5 Mumbai housing societies

Realty firm House of Hiranandani will invest Rs 3,200 crore to redevelop five housing societies in Mumbai. The company has presence in Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad and Chennai. The company said it has signed additional redevelopment projects of 17 lakh square feet with a GDV (Gross Development Value) of Rs 5,000 crore. "The company has entered into registered development agreements with five major housing societies in Chembur and plans to invest Rs 3,200 crore," House of Hiranandani said in a statement. These five housing societies in Chembur comprising 459 tenants include redevelopment of Maitri Park in Chembur East, admeasuring about 9 acres and Shrinagar Society in Chembur West, a cluster of four societies admeasuring about six acres. The company said it is in the process of securing necessary approvals and plans to complete the redevelopment within the next 4-5 years. Surendra Hiranandani, Chairman and Managing Director, House of Hiranandani said, ..

ED files money laundering case against Mahua Moitra, Darshan Hiranandani

The Enforcement Directorate (ED) has filed a money laundering case against TMC leader Mahua Moitra and businessman Darshan Hiranandani in connection with an alleged cash-for-queries scam case, official sources said Tuesday. The federal agency filed the enforcement case information report (ECIR), the ED equivalent of a police FIR, against the two, taking cognisance of a CBI complaint, the sources said. The ED case was registered two-three days ago. It has been probing them under the civil sections of the Foreign Exchange Management Act (FEMA) and has called Moitra and Dubai-based businessman Hiranandani in this case for questioning but they have not disposed till now, citing official engagements. The CBI had last month conducted searches, after filing its FIR, at the premises of Moitra, a former TMC MP from Krishnanagar seat in West Bengal. She has been renominated by the Trinamool Congress led by West Bengal chief minister Mamata Banerjee to contest in the upcoming general ...

ED summons Mahua Moitra, Darshan Hiranandani on March 28 in FEMA case

The Enforcement Directorate has issued fresh summons to TMC leader Mahua Moitra and businessman Darshan Hiranandani for questioning in a Foreign Exchange Management Act (FEMA) contravention case on March 28, official sources said Wednesday. The 49-year-old Trinamool Congress leader was called for questioning earlier also by the central agency. Moitra, who was expelled from the Lok Sabha in December for "unethical conduct", has been renominated by her party from West Bengal's Krishnanagar seat in the upcoming Lok Sabha polls. The Central Bureau of Investigation (CBI) had raided her premises in connection with the cash-for-query case on Saturday, days after anti-corruption ombudsman Lokpal directed the federal agency to investigate the allegations levelled against her by BJP MP Nishikant Dubey. Dubey, a Lok Sabha member, has alleged that Moitra asked questions in the House in exchange for cash and gifts from Dubai-based Hiranandani to mount an attack on industrialist Gautam Adani and

CBI includes Darshan Hiranandani as 'accused' in FIR against Moitra

This comes after conducting searches at Moitra's residence in Kolkata in connection with the cash-for-query case on Saturday

ED questions Niranajn Hiranandani, his son Darshan in Fema investigation

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

FEMA case: ED summons Hiranandani Group promoters for questioning on Monday

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

'No FEMA violations': Hiranandani Group on ED searches at Mumbai office

Hiranandani Group said that the inquiry was related to a 15-year-old matter and it took time to find old records

ED raids office, other locations of Hiranandani Group over FEMA violation

The searches were conducted at four to five locations in Mumbai, including the head offices of Hiranandani Group

'Cash-for-query' case: Mahua Moitra submits her response to CBI questions

TMC leader and former Lok Sabha member Mahua Moitra has sent her response to a questionnaire by the CBI on allegations of corruption in raising questions in the house, officials said Thursday. The CBI is examining the response after which it will send a report to anti-corruption ombudsman Lokpal which had referred the matter to the agency, they said. The agency is conducting a preliminary inquiry into the allegations against Moitra on the reference from the Lokpal. The CBI is also understood to have spoken to lawyer Jai Dehadrai and businessman Darshan Hiranandani in connection with its inquiry, they said. Queries sent by PTI to Moitra remained unanswered and the CBI has also maintained silence on the issue. BJP Lok Sabha MP Nishikant Dubey had accused Moitra of asking questions in Lok Sabha to target the Adani group and Prime Minister Narendra Modi at the behest of businessman Darshan Hiranandani in exchange for gifts. He had also accused Moitra of compromising national security

Mahua Moitra receives 3rd notice to vacate government residence in Delhi

The TMC leader had approached the Delhi High Court, seeking the quashing of the notice issued by the Directorate of Estate cancelling her government accommodation in the national capital

Darshan Hiranandani's company opens Rs 500 cr data centre in Gujarat

Darshan Hiranandani promoted Yotta Data Services on Wednesday announced the commissioning of a Rs 500 crore data centre in the GIFT City. The company has invested Rs 500 crore over the last five years to build the facility, which has a 2 MW power capacity, an official statement said. Speaking at the tenth edition of the Vibrant Gujarat Global Summit 2024 here, a senior official from global computing giant Nvidia, Yotta's partner in the venture, said the "artificial intelligence data centre" will be thrown open before March this year. The G1 data centre offers colocation, cloud, managed IT and cyber security services to store and process, data and applications for a variety of use cases, including AI models and enterprise applications, the statement said. This is the company's fifth facility in the country after similar investments in other states like Maharashtra, the statement said, adding that it has 350 racks. Hiranandani, its co-founder and Chairman, said, Gujarat, with GIFT C

Mixed-use real estate projects expand as buyers seek integrated lifestyle

Such properties have residential, commercial facilities and are near education and healthcare institutes

Over 25 nations' leaders to join Bengal Global Business Summit from Tue

Business leaders from more than 25 countries, a host of prominent figures of corporate India as well as political dignitaries are expected to take part in the seventh edition of the Bengal Global Business Summit (BGBS) that will begin on Tuesday, officials said. The participating countries include the US, UK, Japan, Poland, France, Australia, Germany, Malaysia, Bangladesh and Fiji, they said. Corporate honchos from India's Reliance Industries, ITC, Ambuja Neotia and the Hiranandani Group are also likely to attend the state's marquee business summit. The focus sectors at the two-day BGBS 2023 are MSME, textiles, engineering, energy, transport & urban infrastructure, real estate, agri, tourism and international trade & logistics, officials said. Over 250 international delegates are expected to participate, including senior representatives from the World Bank and the Asian Development Bank, they said. "Reliance Industries Chairman & MD Mukesh Ambani is expected to attend this

There were 47 log-ins to Moitra's parliamentary account from Dubai: Report

A day before TMC MP Mahua Moitra appears before the Lok Sabha's Ethics Committee, probing BJP MP Nishikant Dubey's "cash-for-query" allegations against her, sources privy to the matter alleged that nearly 47 log-ins to her parliamentary account were made from Dubai. He has accused Moitra of asking questions, which were keyed in through her parliamentary account, at the behest of businessman Darshan Hiranandani in return for bribes and favours from the Dubai-based scion of a well-known business family. Moitra has admitted that she shared her log-in credentials with Hiranandani, whom she has described as a close friend for a long time, but has ruled out any pecuniary motivation and asserted that the questions were always hers. Dubey has accused her of compromising national interest by sharing her parliamentary portal log-in and password with an outsider, and has cited the agreement MPs sign to keep the details secret to demand action against her. The third-term BJP MP from Godda in .

Using Parliament login credential of TMC MP was judgment error: Hiranandani

In an interview to Television News Channel Times Now, Hiranandani says that the very fact that he got entangled in the matter was an error of judgement

Hiranandani submits 'sworn', notarised affidavit to Ethics Committee

Moitra had said in the press release that the "contents of the letter are a joke" and that "he was forced to sign a white paper"

Mahua Moitra questions Hiranandani's affidavit, alleges PMO's involvement

TMC MP Mahua Moitra has raised questions over the credibility of Hiranandani Group CEO Darshan Hiranandani's affidavit, alleging that it was "drafted by the PMO" and he was forced to sign it after being "threatened" with "total shut down" of his family's businesses. The Prime Minister's Office (PMO) held a "proverbial gun" to Darshan and his father's heads and gave them 20 minutes to sign this "letter", Mahua claimed in a statement issued late on Thursday night. Her statement came shortly after Hiranandani, who allegedly paid Moitra to raise questions in Parliament about the Adani Group, claimed in the signed affidavit that the TMC leader targeted billionaire industrialist Gautam Adani to "malign and embarrass" Prime Minister Narendra Modi whose impeccable reputation gave the opposition no opportunity to attack him. He alleged that she provided him with her Parliament login and password to ask questions targeting Adani after the state-owned Indian Oil Corporation booked capacity at

Focusing on niche areas in semiconductor space, says Ashwini Vaishnaw

Electronics & IT Minister says India can emerge as a global leader in this category

Serentica Renewables announces appointment of Akshay Hiranandani as CEO

Serentica Renewables on Wednesday announced the appointment of Akshay Hiranandani as the Chief Executive Officer (CEO) of the company. In this role, he will work closely with Pratik Agarwal, Director, Serentica Renewables, the company said in a statement. Hiranandani served as the Corporate Finance lead for Serentica from 2021 to 2023. Agarwal said, "We are confident that he (Hiranandani) will steer Serentica towards its mission of reversing climate change by enabling large scale industrial decarbonisation." Hiranandani said the renewable energy industry is at an inflection point where customers' expectation is to receive stable green power which can be met only with technological and design innovations. Serentica is committed to delivering round-the-clock renewable power to aid decarbonisation of high carbon emitting industries. Serentica Renewables (India) is jointly held by Greenlake Asia Holdings II PTE Limited (KKR) and Twinstar Overseas Limited (TSOL) which owns controlling