Mumbai based real estate developer Hiranandani Constructions will invest up to Rs 3,000 crore next year on various realty projects across India.
Mr Niranjan Hiranandani, MD (Managing Director), Hiranandani Constructions said, “We have planned many new launches across various segments. There will be an investment of about Rs 2,000 crore to Rs 3,000 crore in 2012 from. We will primarily invest in housing and hospitality sector.Our projects will come up in many locations such as Mumbai, Pune & Chennai. We do not have any plans to come to North India as of now."
Mr Hiranandani also said,''The Construction input costs are going up and it is putting pressure on the company’s’ margins. Input costs are going up due to various factors like high labour costs and different levels of taxation structures. In affordable housing, 15-35% per cent of the cost is tax component. In Maharashtra, the demand is strong and prices are likely to go up. I think, the prices will be raised by 10-15%.”
About Hiranandani Constructions..!
Ever since its inception in 1978, Hiranandani group has believed that its success comes from its people. Wherever there are people there is an opportunity to serve. Every activity, be it in real estate, healthcare, education, hospitality, leisure and entertainment has steadily focused on creating a better experience in every aspect of life.
The Hiranandani Group is known for its projects of Hiranandani Gardens, Powai Hiranandani Meadows Hiranandani Estate, Thane, Hiranandani Business Park Powai & Thane, Hiranandani Upscale Chennai and Bangalore, Hiranandani Upscale SEZ and Residential , Hyderabad, Hiranandani Palace Gardens, Chennai , 23 Marina and Dubai
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| Mr. Niranjan Hiranandani, |
Mr Niranjan Hiranandani, MD (Managing Director), Hiranandani Constructions said, “We have planned many new launches across various segments. There will be an investment of about Rs 2,000 crore to Rs 3,000 crore in 2012 from. We will primarily invest in housing and hospitality sector.Our projects will come up in many locations such as Mumbai, Pune & Chennai. We do not have any plans to come to North India as of now."
Mr Hiranandani also said,''The Construction input costs are going up and it is putting pressure on the company’s’ margins. Input costs are going up due to various factors like high labour costs and different levels of taxation structures. In affordable housing, 15-35% per cent of the cost is tax component. In Maharashtra, the demand is strong and prices are likely to go up. I think, the prices will be raised by 10-15%.”
About Hiranandani Constructions..!
Ever since its inception in 1978, Hiranandani group has believed that its success comes from its people. Wherever there are people there is an opportunity to serve. Every activity, be it in real estate, healthcare, education, hospitality, leisure and entertainment has steadily focused on creating a better experience in every aspect of life.
The Hiranandani Group is known for its projects of Hiranandani Gardens, Powai Hiranandani Meadows Hiranandani Estate, Thane, Hiranandani Business Park Powai & Thane, Hiranandani Upscale Chennai and Bangalore, Hiranandani Upscale SEZ and Residential , Hyderabad, Hiranandani Palace Gardens, Chennai , 23 Marina and Dubai
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