The company will develop its 800 acres -550 acres in Khandala and 250 acres in Alibaug -in several phases
MUMBAI: Realty developer Hiranandani Communities has forayed into development of leisure homes with two of its projects in Khandala and Alibaug near Mumbai. The developer, so far known for destination developments, is planning to invest `. 6,000 crore in this venture, said a top company official.
The company will develop its 800 acres -550 acres in Khandala and 250 acres in Alibaug -in several phases. To begin with, the developer is working on the launch of the first phase of both Khandala and Alibaug projects and this will include plotted developments for luxury villas.
“Hiranandani Group companies have been successful in the mixed-use integrated townships, now it is time to try something new like leisure. We have identified two locations, Khandala and Alibaug. In both these locations, we will create integrated townships with leisure as the central theme. Both locations have tourism and second homes as the central aspect; so it was logical for us to plan both as integrated leisure townships,“ said Niranjan Hiranandani, CMD, Hiranandani Communities.
These projects are also expected to see development of luxury hotels, sailing clubs and water sports hubs.
“For both projects, we are looking at investment of ` . 3,000 crore each,“ Hiranandani said. As part of first phase of Alibaug development, to be known as Goa-esque Alibaug, the company will be offering 43 villa plots each with a size of 5,000 sq ft at Nagaon village for price of `. 1 crore. Currently, the location has floor space index or permissible development limit of 0.5 times.
“Leisure-themed projects are either hill-based or waterbased. We opted to do both.Khandala is the closest hill station to Mumbai, while Alibaug, located just a few hour's drive from Mumbai, has everything that Goa offers. Once the Ro-Ro ferry starts operations between South Mumbai and Alibaug it will be just 20 minutes away,“ he said.
Hiranandani also expects better connectivity to spark higher tourist arrivals, giving the region's development an impetus and open new avenues for commercial development including potential to create new hubs in the Konkan region.
Hiranandani Group’s new foray into Dream Project of PMO Narendra Modi with commercial establishments in GIFT City, Gandhinagar, and Gujarat.
Nation-wide, real-estate developers are expected to invest Rs 4500 crore in order to develop residential and commercial complexes within the Gujarat International Finance Tech-City (GIFT) project which is being developed as the country's first smart city near Gandhinagar in Gujarat.
The Mumbai-based HPCL, lead by its MD Niranjan Hiranandani, is part of a leading business conglomeration, the Hiranandani Group of Companies, which has business interests that include real estate development, apart from energy, hospitality, medical care, retail and IT, among others. The Hiranandani Group companies have created architectural masterpieces in form of integrated townships in Mumbai’s Powai and in neighboring Thane, while Pune, Chennai and Ahmedabad are in the pipeline. The Group has also built what was the highest residential tower in the world when it was built, 23 Marina in Dubai, in the United Arab Emirates.
In sync with its foray into Gujarat, the Hiranandani Group of Companies is participating in Prime Minister Narendra Modi's dream project, the `Gujarat International Finance Tec-City’ (GIFT City), by constructing a commercial complex known as “The Signature” at an investment of Rs 125 crore under the brand Hiranandani Communities.
HCPL has been allotted 2,50,000 square feet of built up area (BUA), and it will set up one complex of 16 storey’s in the initial phase near the GIFT City office which will be an IT and financial centre. The project will commence by January 2015 and the first building will be ready by March 2016.
HCPL has also acquired 30 acres of land near Sanathal junction on SG highway, Ahemdabad and will be developing in phase manner. The development will include 60% of commercial SEZ and 40% of Residential establishments. The company has seen an investment of around Rs 1,000 cr in the same.
“Given India's continued economic growth, the financial sector will grow increasingly larger, with a prospect of 10 to 11 million jobs by 2020.”
Vision - Create a world class financial city by offering an unrivalled business environment to global and local financial services enterprises. Create leading-edge infrastructure, services and platforms and offer Financial services enterprises a significant competitive advantage to operate regionally and globally.
LOCATION- In terms of scale and sheer physical scope, GIFT is being designed to be at or above par with presently acknowledged globally benchmarked International Financial Centres (IFCs)
· Centrally located in the state of Gujarat in Gandhinagar
· 12km from Ahmedabad International Airport
· On the bank of River Sabarmati
GIFT a much needed trigger for development and not a stand-alone real estate
• About 3,000 acres earmarked for GIFT Expansion Zone around GIFT
• Integrated Townships to be developed in surrounding development zone of 100 SQ KM
• To be regulated by a dedicated Area Development Authority ensuring singular control for coherent and sustainable development.
GIFT Business Structure Associated Infrastructure-
· Multi services SEZ with IFSC status Domestic & Finance centres/corporate sector/Trade Centre.
· Govt. of India approved GIFT Multi Services SEZ as an International Finance Services Centre. GIFT is the only approved
IFSC in India
· SMART Transportation -Roads and Transportation
· Water Infrastructure Water Systems
· Power Generation and Distribution-Power Infrastructure
· District Cooling System
· Domestic Gas Distribution
· Automated Solid Waste Management Systems
· Maintenance Systems
· Utility Tunnel Alignment
· Best in Class Customer Experience
· Gateway to Financial Markets
· Cost-effective ICT
· Secure & Resilient ICT Environment
· Pre-enabled on demand Infrastructure.
MUMBAI, JANUARY , 2015: In a real estate scenario where ‘small is beautiful’ is a refrain from a segment of home seekers which is making its presence felt, Hiranandani Constructions Pvt Ltd (HCPL) has come up with Hiranandani Zen, a residential development which consists of four towers, Adalia, Belicia, Atlantis and Tamara. These buildings offer 1 BHK and 2 BHK flats in Powai, these flats are well equipped with all kinds of modern amenities and facilities.
HCPL will fulfill the aspirations of people with the need for smaller apartments in Hiranandani Zen, said Niranjan Hiranandani, MD, Hiranandani Constructions Pvt Ltd (HCPL). “The projects offers lake and garden facing 1 & 2 bedroom, hall and kitchen apartments, and this will welcome many more to experience the ‘art of living’ at the township, Hiranandani Gardens, Powai. The buildings in Hiranandani Zen are designed by renowned architect Hafeez Contractor,” added Niranjan HIranandani.
Hiranandani Gardens is a neo classical architectural marvel nestled amidst the verdant Powai hill, strategically located opposite the serene Powai Lake, said Niranjan Hiranandani. “It is a place where more than 4000 families stay. Sprawled majestically over 250 acres, Hiranandani Gardens is Mumbai’s finest residential township that has redefined the standards of elegant living. Intelligently planned, crafted with precision and embellished with care, it fulfills the delicate dreams of many, giving rise to a new perception of life and life style, which is the ideal location for Hiranandani Zen,” the MD, HCPL added.
Created from barren land, this luxuriantly green and grand township, where Hiranandani Zen will come up, is a tangible expression of a vision to create better communities, said Niranjan HIranandani. “The product of a grand master plan, Hiranandani Gardens provides for every lifestyle need – real and imagined. The 250 acre site today is surrounded and transverse by enough greenery, panoramic vistas of the scenic Powai Lake, Majestic National Park Hills and lush woods of Aarey milk colony. An area set aside for gardens, forest and playgrounds, Hiranandani Gardens is true to its name, sprawling, green and serene. This will be the setting in which Hiranandani Zen will offer 1 BHK and 2 BHK apartments,” he added.
Hiranandani Gardens, Powai blends the essentials of peace, calm and comfort with luxury of opulence, space and style, a unique creation truly in tune with the nature. The buildings which have been launched in Hiranandani Zen are Adalia A & B (1 BHK apartments), Atlantis A & B (2BHK apartments) Belicia (2BHK apartments) and Tamara (2 BHK apartments).
Among the leading landmarks that re-defined Mumbai’s real estate, Hiranandani Gardens, Powai has just completed a milestone: it celebrated the completion of 25 years of the project. Panvel, Ahmedabad, Pune and Chennai are locations where the Hiranandani Group Companies will create more such integrated townships, added the MD, HCPL. “When one speaks of changing the skyline of Mumbai, in terms of creating mixed-use townships, we were among the first to create ‘work spaces’ amidst ‘living spaces’, located amidst ‘verdant greenery',” explained Niranjan Hiranandani. "We believe in interweaving living spaces with nature and the mixed-use township, Hiranandani Gardens Powai, provides a verdant Green and serene ambience with 24 x 7 work-and-live environment amidst world-class infrastructure. ‘Walk to work and walk back home’ is something that is a reality at Hiranandani Gardens Powai. It follows the adage that in order to create 'better communities', it is first essential to create 'greener communities', which is a reality at HiranandaniGardens, Powai – something that will also be a reality at Hiranandani Zen," explained the Hiranandani Constructions' MD.
When we created Hiranandani Gardens Powai, we raised the bar of standard of living, said Niranjan Hiranandani. “It has been our endeavour to give quality life to people residing here. We not only improved the infrastructure of the location, but have also increased the wealth of people who booked apartments in our complex. Initially, we sold the flats at Rs 500 per sq ft, the rate now is between Rs 25,000 and Rs 30,000 per sq ft,” he added.
“I would like to look at the future,” said Niranjan Hiranandani. “Prime Minister Narendra Modi wants to develop smart cities in India. For the Hiranandani Group Companies, the future will be about develop both ends of the spectrum – from smaller sized homes like Hiranandani Zen as also global townships. Just like Hiranandani Gardens Powai, PM Narendra Modi has spoken about Smart Cities where people can live and work comfortably. Hiranandani Zen will provide the smaller sized option for home seekers to live life in a truly smart township,” concluded Niranjan Hiranandani, MD, Hiranandani Constructions Pvt Ltd.
KEY WORDS: Hiranandani Zen, four towers, Adalia, Belicia, Atlantis, Tamara, small is beautiful, aspirations, smaller apartments, Green, Mumbai, Powai, Panvel, Pune, Chennai, Ahmedabad, mixed-use townships, Niranjan Hiranandani, MD, Hiranandani Constructions Pvt Ltd, KCPL, Hiranandani Group,Hiranandani Gardens, Prime Minister Narendra Modi, smart cities, better communities, greener communities.