
Hiranandani Group targets 15–20% growth in FY26; to launch new township in Alibaug
Hiranandani Group
is aiming for a 15–20% growth in the financial year 2025-26, backed by new launches, redevelopment activity, and ongoing platform developments.
Speaking exclusively to ETRealty,
Niranjan Hiranandani
, chairman of the company said that they will launch a 225-acre hospitality-focused township project in
Alibaug
by September 2025, featuring villas, plots, serviced apartments, water sports, and multiple hotels.
The group will also launch four redevelopment projects in the current financial year, of which two are expected to start soon, with additional ongoing activity in
Chennai
and Bengaluru.
Hiranandani said the real estate market continues to witness consolidation, with mid-segment players struggling to compete due to capital and regulatory constraints. He noted that the sector has seen a visible decline in volume, largely driven by a sharp drop in affordable housing demand—down by 20–25% over the past 18–24 months. However, mid and upper-segment housing has remained resilient, with year-on-year market growth averaging 12% between April 2024 and March 2025.
He also flagged challenges in
Mumbai
's redevelopment economics, citing that close to 50% of unit sale value in such projects goes towards government levies, including stamp duty, development premiums, and additional FSI charges, making affordable housing delivery economically unviable in several parts of the city.
On the commercial front, Hiranandani noted that grade-A office spaces are seeing high occupancy levels, and their positive spillover effects on residential demand are expected to materialize over the next six to 12 months.
The group is also expanding its industrial and warehousing footprint under the GreenBase platform, a joint venture with Blackstone. The platform currently includes 250 acres in Pune, 110 acres in Chennai, 70 acres in Bhiwandi, and 50 acres in Vasai. Two new projects are expected to be added during the year.
In the data center segment, Hiranandani said over ₹7,000 crore has been invested in three data centres across Navi Mumbai, Panvel and Greater Noida.

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4 days ago
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