rajeshchawla
Member
In recent Niranjan Hiranandani news , the Mumbai-based real estate magnate has unveiled ambitious expansion plans for the Hiranandani Group. The company intends to invest approximately Rs 3,000 crore in project expansion during the fiscal year 2025, anticipating a robust 25% year-on-year growth in their residential real estate business. Niranjan Hiranandani, chairman of the Hiranandani Group, expressed confidence in achieving these targets, citing the current bullish market conditions and positive reception of their projects.
The Group's growth strategy includes exploring joint ventures and joint development agreements to extend their presence in strategically advantageous locations. Additionally, their development management consultancy arm, Eleva by Hiranandani, aims to broaden its Mumbai portfolio with three new residential projects. Each of these projects is expected to span 4-5 lakh square feet, complementing existing ventures in Oshiwara and Versova.
Niranjan Hiranandani also highlighted the Group's diversification efforts, particularly in the data center sector. Yotta Data Services, backed by the Hiranandani Group, is expanding its operations with two new buildings at its 'D1' data center in Greater Noida and commencing work on an 'edge' data center in Guwahati. Overall, the Hiranandani Group projects a 20-25% compound annual growth in both top line and bottom line for FY25, showcasing the company's optimistic outlook and strategic positioning in India's real estate and technology infrastructure markets.
The Group's growth strategy includes exploring joint ventures and joint development agreements to extend their presence in strategically advantageous locations. Additionally, their development management consultancy arm, Eleva by Hiranandani, aims to broaden its Mumbai portfolio with three new residential projects. Each of these projects is expected to span 4-5 lakh square feet, complementing existing ventures in Oshiwara and Versova.
Niranjan Hiranandani also highlighted the Group's diversification efforts, particularly in the data center sector. Yotta Data Services, backed by the Hiranandani Group, is expanding its operations with two new buildings at its 'D1' data center in Greater Noida and commencing work on an 'edge' data center in Guwahati. Overall, the Hiranandani Group projects a 20-25% compound annual growth in both top line and bottom line for FY25, showcasing the company's optimistic outlook and strategic positioning in India's real estate and technology infrastructure markets.