23 October 2019

Spotlight- Hiranandani Communities

Always been ahead of its time

 

The outlook for the real estate market is optimistic and the demand will be very high over the next 5 years. The economic growth story looks promising ; policies are being framed that will lead to transparency, financial discipline and self regulatory which would have a positive impact on the business sector.

 

"We have seen across 2016 the growth in real estate and In 2017, it has been getting even better. Economic indices are good, GDP figures are promising and I see real estate sales happening, subject to the aspects of a good product from a reputed developer with a good track record.

Hiranandani Communities vision has always been ahead of its time. To turn that vision into reality, it has had to constantly innovate, such as new techniques ,precision engineering and design innovation. The innovation has been constant and continuous. The company prides itself on being the first to come up with mixed-used integrated townships in India. It looked at a township in terms of making buildings to sustain it with a holistic approach. So, when a building was made with amenities, the company would also make a good school, a great hospital, entertainment areas par excellence, and a shopping centre rather than malls that would be more customer-friendly. All in all, the company has not just built townships but enhanced the quality of life of people who live in them. And it will continue to do so." Dr.Niranjan Hiranandani, CMD,  Hiranandani Communities

 

 

 

Name of firm:  Hiranandani Communities
Name of Promoter: Dr. Niranjan Hiranandani
Areas of focus driving business volumes: Residential + Commercial equally, and also at developing industrial and recreational township.

 

LANDMARK PROJECTS

Hiranandani Signature: Designated as India's First International Financial Service Centre(IFSC) at GIFT SEZ

Location: Gandhinagar, Gujarat

Area: 4,25,000 built-up area

No of floors: 16 Floors

Special feature: Contemporary glass facade tower

 

"The speed of construction was achieved by employing self compacting concrete, post tension slabs, specialised formwork, and cast in channels for façade installation.

 

Construction works were carried out 24x7. Civil engineers monitoring the progress of works worked on two-three shifts round the clock to ensure progress, quality and safety of the works.

 

The technology was all about ensuring quality of construction as also ensuring it was completed within the set target. I would definitely say that technology works, so long as it is mastered by the humans who employ it. During the construction of Hiranandani Signature it was leveraged to the full and the teams that worked in complete harmony ensured that we created not just a workspace, but something that will always have the sobriquet of being the first commercial building to be inaugurated at the hands of the Hon’ble Prime Minister Narendra Modi. During the construction phase of 23 Marina in Dubai, our teams had, on various opportunities, seen other teams completing projects in record time, without any compromise on quality. In GIFT City, it was our turn to do the same – and we successfully did so."

               

 

BOLDLY DESIGNED , CONSTRUCTED AND PLANNED

The International Financial Services Centre (IFSC), situated within the Special Economic Zone (SEZ) at the Gujarat International Finance Tec-City (GIFT City) has been created to be more than just a global financial hub – it has been created with the vision of providing India’s Banking, Financial Services and Insurance (BFSI) sector the perfect launch-pad to take on competition from global players. The idea was to make this possible within India – to create a working environment which would be on par with, if not better than global finance centres. Given this aim, it was obvious that workspaces within the IFSC had to be better than anything seen in India so far. Hiranandani Signature was but one among the various projects that were planned, but it was also the first one to be completed. Being the first such work-space environment within GIFT City, it was obvious that the design and planning process had to be better than the best. "We drew on our experience while planning for and developing Hiranandani Business Parks in Powai, Thane and Panvel, as also the project 23 Marina in Dubai, The United Arab Emirates (UAE)." The methodology was one where Global Best Practices were an integral part of designing and constructing ‘Hiranandani.’ Designed to seismic zone specifications, Hiranandani Signature pioneered newer technologies, bold design, and precision engineering to create a landmark.

 

Hiranandani Signature blends overall with the existing skyline, yet distinguishes itself with a striking and distinct façade. The glass and cladding with its interesting colors and levels adds depth to the façade and makes it look unique.

 

Each typical floor of Hiranandani Signature has a floor area of around 25,000 sq. ft. built up area (BuA). Floor to Floor height of 4.2 m provides adequate space for services above the false ceiling and the offices can have high false ceilings as high as 3.0 meters. Office space areas vary from 2500 sq. ft. to 25000 sq. ft. In terms of statistics, the 16 storey tower encapsulates efforts through 2,111 tons of steel, 8,000 tons of cement and 20636 Cubic Meters of concrete. It offers 6 high speed elevators and 2 service elevators.

 

To maximise the views on all four directions, the core is placed centrally. Offices on all four sides have striking unobstructed views of the landscape. The tower has Ground plus sixteen floors. It has one basement to accommodate the services and parking requirements. The tower is flanked by a 3 floor high entrance porch and contemporary entrance lobby. The lobby is decorated with selective and appealing artwork. A coffee shop is provided at the ground floor.

 

Investment:

Rs.1.25 crores

Launch Date:

 9th Jan 2017

Total Sales:

More than 30 per cent occupancy

Clients:

BSE INX, Kotak Mahindra Bank on board.

 

 

ONGOING PROJECTS

Hiranandani Fortune City, Panvel, Navi Mumbai

  • 588 acres of mixed-used integrated township
  • Phase wise development will comprise of Residential, Commercial, Educational, Healthcare, Hospitality, Retail, and Leisure verticals
  • Sector A - 11 residential towers -1176 total no of units, possession begins with handover of two tower
  • Sector C-8 residential towers - ongoing - total no of units 1200
  • Product configuration - Studio apartments 1, 2 and 3 BHK
  • Ticket size – Rs.43 lakhs onwards

 

Hiranandani Parks, Oragadam, Chennai

  • 400 acres of mixed-used integrated township
  • Phase wise development will comprise of Residential, Villa Plots, Commercial, Educational, Healthcare, Hospitality, Retail, and Leisure verticals
  • High Rise buildings North cluster of 12 towers - Constructed and Handover
  • High Rise buildings South Cluster of 8 towers - Ongoing
  • Villa Plots - 45 acres of plotted development - Size varies from 1200 sq ft to 3600 sq ft
  • Lower Rise buildings- G+3 10 Residential buildings
  • Product Configuration - 2 BHK , 2.5 BHK , 3 BHK, 3.5 BHK, 4 BHK
  • Ticket Size for apartments – Rs.63 Lakhs onwards
  • Ticket size of plotted development Rs.26 lakhs onwards
  • Hiranandani Golf Course - nearly 54 acres

 

Hiranandani Sands Nagoan, Alibaug

  • 250 acres of recreational tourism township.
  • 10 acres of plotted development - 43 exclusive Villa plots

 

Hiranandani Fortune City, Panvel

  • 2mn sqft comprising 2 towers - Edingburgh G+ 12, and New Castle G+ 16



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