NAREDCO Opens Branch In Nashik

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Dr Niranjan Hiranandani, President, NAREDCO inaugurated NAREDCO’s first city-level branch in Nashik on Friday. The organization works for housing professionals, under the aegis of Central Government.

Hiranandani said, “NAREDCO is an autonomous and voluntary organization established under the aegis of Union Housing and Urban Development Ministry. The Union Housing Minister and Chief Ministers are the Chief Patrons of NAREDCO.

He added, ” In order to make the success of central government’s aim of Housing for All – 2022, NAREDCO will work in coordination with government machinery in Nashik.”

Vice President Mr. Bandelkar said, “Developers working and registered under RERA can become members of the organisation. Naredco helps members get ratings for construction projects, getting and providing information related to real estate and construction sector, promoting developers in different parts of the country, organising lectures, seminars, workshops on issues related real estate. NAREDCO is also working proactively to protect consumers’ right.”

It is the apex national body for real estate industry and a single platform where Government and professionals discuss issues, problems and opportunities face to face. This results in speedy solutions. Members have to work in the framework of law and NAREDCO stands behind every member in their problems with the government departments.”

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Best Township Of The Year – Mumbai Goes To Hiranandani Estate Thane

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The second last category consists of “Best Township of the Year  – Mumbai” which goes to project, ‘Hiranandani Estate Thane’ by Hiranandani Construction Pvt. Ltd.

Dr. Niranjan Hiranandani collected the award from Mr. Ajay Chaturvedi and Mr. Pankaj Bodkhe.

About project:

Hiranandani Estate today is home to more than 7000 families who have discovered the bliss of a calm, convenient and complete life amidst the serene backdrop of Yeoor hills and Ulhas River.

The township has over 120 + fully occupied towers, with more being developed to accommodate the many families who seek to be part of this prestigious address.

Hiranandani Estate provides various amenities like Club House, Landscaped Gardens, Pedestrian Friendly Tree Lined Avenues, The Walk High Street Retail and many more.

4th International Real Estate Awards: Premium Residential Project In Central Suburbs

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Premium Residential Project in Central Suburbs award was won by ‘The Address’ from The Wadhwa Group. Mr. Karan Arora received the award from Mr. Ajay Chaturvedi and Dr. Niranjan Hiranandani and Mr. Pankaj Bodkhe.

About project:

The Address is a unique complex in Mumbai’s central suburbs with 65% open spaces and a 5.85 acres car-free landscaped podium.

The Address has Optimal use of Double glazed windows, to achieve optimal sound insulation.

The Address is One of the largest (18 acres) gated community in Ghatkopar.

Emerging And Performing Developer Of Year – Mumbai Goes To Paradigm Realty

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The category is has marked for “Emerging and Performing Developer of Year – Mumbai” and it goes to ‘Paradigm Realty’. The company has delivered several projects in Mumbai with keeping buyers demand in mind.

Mr. Yogesh Bulchandani, Partner, Paradigm Realty, collected the award from Mr. Pankaj Bodkhe, Dr. Niranjan Hiranandani and Mr. Ajay Desai, MD, Spark Group.

About Company:

Paradigm Realty is an organisation spearheaded with credible experience of delivering cutting-edge Real-Estate to the city of Mumbai by employing global contemporary techniques, which ensure quality standards and timely delivery of their product. The synthesis at Paradigm is to deliver comfort homes catering to practical needs of end-user including cross ventilation, minimal floor-space wastage yet matchless aesthetics, dedicated functional areas & tailored budgets. The group’s focus areas are Western Suburbs of Mumbai including Santacruz (W), Khar (W), Borivali, etc. Paradigm’s mission as a niche property developer is to deliver avant-garde homes, which become a sojourn of solitude in a multitude city of Mumbai.

Realtors Eyeing Slice of Warehousing Pie

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Leading players set to enter logistics sector

Big daddies of the residential real estate are now entering the $260-billion Indian logistics sector as companies are looking for large-sized warehousing spaces to consolidate and expand after the introduction of the Goods and Service Tax (GST).

Bengaluru-based Prestige Group and Mumbai’s Hiranandani Group and Lodha Group, all well-known for their luxury housing projects, are creating robust warehousing presence to meet the growing demand from FMCG, e-commerce and manufacturing sectors.

Industrial cities on the radar

“With GST, octroi nakas have disappeared. So the requirement for warehouses is to be well-located and not just be outside city limits. We have three logistics and industrial park projects at hand and are evaluating more locations,” Niranjan Hiranandani, co-founder and MD of Hiranandani Group, told BusinessLine.

Hiranandani’s industrial park at Talegaon in Pune spread over 250 acres, and a 100-acre project at Oragadam in Chennai will be functional by the December quarter. The third project is coming up at Nashik on 77 acres. “Pune and Oragadam are two areas where industrial growth is very strong and they are the right places to grow industrial parks,” he added.

Prestige Group is looking to replicate its success in commercial space to warehousing as well. In May, it launched its first logistics center in Malur, Kolar district, about 50 km from Bengaluru. And Lodha’s 150-acre park in Palava in suburban Mumbai stands to gain from proximity to both the Jawaharlal Nehru Port (JNPT) and the upcoming Navi Mumbai airport.

Rushabh Vora, Co-Founder, and Director of real estate services company SILA said that so far, the domestic warehousing industry had been dominated by small and unorganized players. But occupiers are now moving out to consolidate their activities in large facilities. “They are focussing on large manufacturing and e-commerce hubs, mostly metros,” he said.

Implementation of GST and the e-way bill have given a boost to the logistics sector. “This, coupled with the growth in the e-commerce and retail sectors, has necessitated a sharp growth in warehousing in the country, and we foresee a huge demand for plug and play in this space,” Irfan Razack, CMD, Prestige Group, said while launching the Malur facility.

The bullishness of these developers is backed by on-ground demand. According to real estate consultancy CBRE, leasing activity in the Indian logistics sector reached an all-time high of 17 million sq ft in 2017. “We expect this momentum to continue into 2018 as existing and new occupiers consolidate/expand their operations across the country,” it said.

“In order to cater to this demand, the number of newly-constructed warehousing units should increase by 25 percent CAGR until 2021. This growth will be seen around the densely populated metros and tier-1 cities and presents an opportunity for both real estate funds as well as developers,” Vora added.