Bloomberg TV India along with knowledge partner JLL, announced the top real estate developers for both residential and commercial projects across in major cities.
The list of ‘Top Ten real estate companies in Mumbai’ in the residential segment was headed by Hiranandani Developers. In a ‘double-win’, the ‘top ten’ in the office spaces segment for Mumbai was also lead by Hiranandani Developers.
Niranjan Hiranandani, MD, Hiranandani Developers said, “We are delighted to top both segments, residential and office spaces, in Mumbai. It enhances our commitment to the company’s philosophy of “creating tomorrow” for “today’s property users”. From the globalised thought process that goes into planning projects at Hiranandani Developers to sensitivity to local issues from the end-user’s perspective, it is an effort to ‘set benchmarks’ while ‘creating landmarks’ – the recognition in form of being listed at number one in Mumbai by Bloomberg TV India, with JLL as the knowledge partner, effectively places Hiranandani Developers as the top real estate developer in Mumbai, in residential as also office spaces.
The top real estate developers as declared by Bloomberg TV India, with JLL as the knowledge partner, are for both residential and commercial projects in major cities like Mumbai, Delhi NCR, Bangalore, Chennai, Pune, Hyderabad and Kolkata, and Hiranandani Developers is proud to lead in both categories for Mumbai.”
The comprehensive analysis was done based on various parameters like (i) Value of Projects which indicated the total units launched by the company; Launch Price (INR psf) and Average size of units in each project by the company, (ii) Sales Velocity; which shows how fast units in a project have been selling; (iii) Construction Delays, which shows the quantum of delays that has hit various projects and higher the delays, lower will be the scoring given to the company; (iv) Price Appreciation to annualize the pace at which price in a particular project is rising, faster the rise in prices of the property the scoring has been given to the company, etc.
The secondary factors for evaluating the companies are Price benchmarking, Rental benchmarking; the total space built by the company and vacancy levels for commercial projects by the company.
ABOUT HIRANANDANI DEVELOPERS: Hiranandani Developers has pioneered the global face of Mumbai with truly world-class township at Powai and Thane. Its new forays are located in Panvel and Chennai, with Pune, Ahmedabad and Alibaug on the horizon.
The award winning real estate projects by Hiranandani Developers are crafted and created so as to enhance customer confidence. Since its inception in 1978, the Hiranandani Group has honed its excellence and reiterated its commitment to the conception and development of world-class products and services in every chosen business activity. The Hiranandani Group’s construction activities were launched in 1981.
The Hiranandani Group’s real estate projects epitomize architecture marvels embraced with modern infrastructure of concrete roads, water supply, 100% effective sewage systems installed, solar panels, and afforestation for eco-friendly township, adequate power supply and high tech communication networks.
It translates into a vision of creating better communities by introducing an unprecedented scale of living, which is epitomized by the innate character of the organization.
In a world where rapid advancements in living conditions are matched only by superior technology, quality and immaculate planning, the Hiranandani Group has efficiently delivered benchmark projects by challenging even the most firmly held limitations.
Over the years, Hiranandani has grown into a valuable real estate company with a significant presence even beyond borders. It has many mantles to live up to; marking its presence through building world-class townships, introducing integrated lifestyles, expanding expectations of its customers with various ventures and emerging as a symbol of premium quality, status quotient.