Cover Story

India's Top Builders: Hiranandani Constructions

September 2011
It has changed the face of suburbia, forever. A pioneer of integrated townships in India, the Hiranandani Group, under the stewardship of Managing Director Niranjan Hiranandani has also marked its presence in education, healthcare, hospitality, entertainment, retail and BPOs. With its skill in designing large urban communities under its belt, it is among the few companies in the world to have developed fully integrated Greenfield sites of over 200 acre with a large social infrastructure. Hiranandani stands as an ISO 9001:2000 certified company with international quality construction standards. Not satisfied with being just a pioneer, the group is now busy creating new world records, one of which is the 23 Marina, Dubai, the world's tallest and most luxurious residential building comprising 57 swimming pools across 380 m. The dream continues.

Our company is identified with... quality construction and bringing value for money to the end customer.

Our mission statement is... excellence.

The corporate philosophy we work towards... is to bring ultimate satisfaction to the end customer and ensure that the quality of life of the inhabitants of our townships is second to none in the world.

The project that laid our foundation... was a small extension building of only 7,000 sq ft in Vile Parle, Mumbai.

Landmark projects developed by us are... in Powai, Thane and, now, many other locations.

My most creatively satisfying project is... the one I am currently working on.

Our dream project is... every single one - we want to innovate with each project to create beautiful structures and amenities.

Our 'green' commitment... includes two Platinum-rated green buildings in Powai: BG House and Crisil, which is also called Standard & Poor. In fact, all our buildings are green though they are not necessarily rated.

Significant milestones for us... have been the integrated townships we have created in India, incorporating large-size commercial and residential development and all amenities, including a hospital, school and jogging track for instance; and even 100 acre of garden and forest.

My most important asset... is the team I work with.

In my years of experience I have learnt that.... quality always pays back even though it appears to cost more in the initial stages.

My leadership has enabled the company to... use it as a platform to take off for further projects.

I owe the company's success to.... my people, my team, my brother and, of course, the family.

Fact sheet:

Year of establishment: 1974
No. of employees: 2,200
Centres of operation: Mumbai
Turnover: Rs 1,000 crore
Order book: Rs 2,000 crore

Niranjan Hiranandani's take on ethics in real estate today...

"In the past 10 years, overall ethics in the real-estate trade have turned around. A large number of people are making quality buildings that did not exist maybe 30 to 40 years ago. Also, say 20 years ago, black money used to be a part of the system; today, it's not. People can get flats in full white and they can be assured of the quality of the buildings and the type of amenities delivered to the end-use customer. I think that is the difference that has occured. The future will be better than the past; the only difference being that what we really need to do is not just be more ethical but create more volume as well as affordable housing in large numbers."