Sanguine economic performance and positive market dynamics have resulted in upbeat sentiment among industry stakeholders, he says
Hiranandani Group is evaluating few projects under the joint venture or joint development agreement and aims to strategically extend its presence to regions with favourable conditions
Realty firm Hiranandani Group will invest Rs 2,000 crore to develop the first phase of its luxury housing project comprising 330 units at Powai in Mumbai and has already sold 150 units for Rs 1,100 crore within the first week of launch. In a statement on Monday, Hiranandani Group said it has launched a new housing project 'Empress Hill' at 'Hiranandani Garden' township in Powai. The company will develop a total of 5 lakh square feet area in phases. In the first phase, the company on October 8 launched 3.3 lakh square feet area comprising 330 units across three residential towers. The total construction cost to develop the first phase is estimated at around Rs 2,000 crore, the company said. Hiranandani Group said it has already sold 150 units, worth Rs 1,100 crore, within the first week of the launch of this project. The average size of apartments ranges from 1,100 square feet to 1,600 square feet and the price range is Rs 6 crore to Rs 10 crore. "The COVID pandemic quandary and .
Despite fall in sales, supply constraints may keep prices firm
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 developer is investing around Rs 150 crore for the project