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

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Hiranandani Chennai, Hiranandani Developers, Niranjan Hiranandan

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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Hiranandani Chennai, Hiranandani Developers, Hiranandani Parks Chennai, Niranjan Hiranandan

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.

H-Energy’s floating LNG terminal at Jaigarh inaugurated

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hiranandani gro, Niranjan Hiranandan

H-Energy, a unit of real estate group Hiranandani, today said its floating LNG import terminal at Jaigarh port in Maharashtra has been launched and the facility would be operational by end of 2018.

H-Energy Gateway Pvt Ltd’s 4-million-tonnes a year floating storage and regasification unit (FSRU), costing Rs 1,663 crore, was inaugurated by Maharasthra Chief Minister Devendra Fadnavis, the company said in a statement here.

The Jaigarh Port is owned and operated by JSW Infrastructure — the maritime infrastructure development arm of USD 12 billion JSW Group.

“The launch of India’s first FSRU based LNG terminal marks a new era of opportunities to drive the development of port-based industries and social infrastructure in India,” it said.

Import of liquefied natural gas (LNG) using a ship-based terminal will begin in fourth quarter of 2018.

The FSRU will be berthed at Jaigarh, the starting point for a H-Energy’s proposed 635-km coastal pipeline to Mangalore to open up new gas markets. It will convert LNG shipped from multiple suppliers back into gas, before transferring it onshore. A 60-km pipeline connecting the terminal to the port has already been laid.

The terminal “will be capable of reloading LNG into other vessels,” the statement said. “The LNG terminal will cater to the need of clean, safe and affordable natural gas. H-Energy’s LNG terminal is also expected to greatly benefit the state of Maharashtra by providing clean fuel for transportation and households”.

Once operational, this will be the fifth LNG import terminal on the west coast and second in Maharashtra. The west coast already has four LNG import terminals — Dahej and Hazira in Gujarat; Dabhol in Maharashtra and Kochi in Kerala.

Jaigarh also houses the 5-million-tonnes Dabhol LNG terminal operated by gas utility Gail India.

Niranjan Hiranandani, Chairman, Hiranandani Group, said the company continues to work on other projects at a steady pace. “We would like to reiterate our commitment towards creating infrastructure that will help improve the lives of the people.”

Darshan Hiranandani, MD & CEO, H-Energy said, “The FSRU-led approach will usher a sectoral change in terms of reducing the time taken for commissioning such re-gasification projects. This project enables H-Energy to become a large scale provider of natural gas to India, a much desired green fuel.”

The LNG terminal will offer storage, re-gasification, re-loading, fuel bunkering and truck loading facilities to cater to the growing energy demand of Indian industries. When operational, the re-gasified LNG will be supplied to customers, through a 60-km tie-in pipeline which shall be connected to national gas grids at Dabhol.

Capt BVJK Sharma, Joint Managing Director & CEO, JSW Infrastructure said, “In the near future, Jaigarh Port is getting ready for a giant leap to handle 80 MTPA of cargo and is aiming for direct berthing of next generation vessels i.e. largest dry bulk carrier (Vale Max), LNG carrier (Q-Max), largest container vessels (EEE Series) and very large crude carriers. This LNG terminal will enable development of local port-based industries in Maharashtra region.

BIZ-HIRANANDANI GROUP-PIPEPLINE

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Hiranandani Group, Niranjan Hiranandan

Hiranandani Group arm to invest Rs 2,200cr in gas pipeline biz

Jaigad (Ratnagiri), May 1 (PTI) Hiranandani Groups energy arm is targeting to invest Rs 2,200 crore to build a 635-km natural gas pipeline by 2020, a company official said.

“We expect to get all permissions for the pipeline by October and will start construction by December. It will take 18 months to finish the work,” Darshan Hiranandani, managing director and chief executive of H-Energy told PTI here.

He said there are 1,100 permissions required for the pipeline, including 22 river crossings, two national parks, 58 state highway crossings and nine national highway crossings.

The company today inaugurated the countrys first floating storage regassification unit put up at the JSW- operated port here in the Konkan district of Ratnagiri today.

Hiranandani, the son of Mumbai-based builder Niranjan Hiranandani, said they have already invested Rs 1,600 crore to create the ground level facilities, including the breakwater, jetty and other infrastructure.

The investment also includes a 60-km pipeline to Dabhol, which will help connect the commodities discharged here by ships with the national gas grid.

The main ship which is docked at the Jaigad Port already has been chartered for a long-term, Hiranandani said.

Dabhol is an important town that hosts the controversial Ratnagiri Power Projects power plant, which was originally known as the Dabhol Power and was put up the disgraced American multinational Enron Corporation in the 1990s.

Chief minister Devendra Fadnavis, who inaugurated the facility, said gas from H-Energy will help trim the almost- shut power plants losses.

At present, gas landing is possible for only six months of a year at Dabhol, whereas the JSW port is operational across the year, he explained.

Hiranandani said the company will commence operations by this October once the pipeline to Dabhol gets completed.

The unit has a current capacity to handle 4 million tonne cargo which can increase to 10 million tonne, he said, without giving any indication about timelines by which it would like to expand.

For the first year, it plans to do 1 million tonne, Hiranandani said, adding the gas will be used for a slew of purposes including serving industrial and residential customers. PTI AA BEN BEN

Sun, Sea and Sand Privy to Few at Hiranandani Sands, Nagaon, Alibaug

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hiranandai sands alibaug, Hiranandani Alibaug, Niranjan Hiranandani

The waves rolling over your feet, the feel of wet sand crunching beneath your feet and the sun playing hide and seek among the clouds. A Happy-go-lucky vibe and your loved one by your side. A perfect holiday destination. Didn’t you always fervently wish for your own beach home? A wish that your holiday would turn into your everyday kind of life. So that you can embrace your inner self and yet be connected to your roots.

Nestled in the picturesque hamlet of Nagaon, Alibag, where Nature is untouched and raw, lies Hiranandani Sands, a treasure for those who seek it. An Alibag Hiranandani Communities brings to the privileged few. For the few that love to look beyond the hustle and bustle of the city yet is never too far away from it. For the few that are exhilarated by the Sun, the Sea, and the Sand. For those who love to wander carefree in the day and delight in sitting on the beach, under the stars after dusk.

A Master-Planned Composition of 43 Villa Plots, Hiranandani Communities welcomes you to Hiranandani Sands. A limited edition of premium villa plots, located within a protective womb of 8.5 acres, of a larger acreage of land. Your private zen shall come alive on the Alibag soil amidst tropical flora and fauna. A place where the world looks like a painter’s color palette. Your own private retreat for the balance that you seek. Let the beach life bring you value with the Arabian Sea minutes away.

Close to the four turquoise beaches of Alibag, Akshi, Nagaon, and Revdanda, this captivating hamlet is under development just 700 meters from the beach. Watch the face of Alibag turn from a tourist spot into an alternative life-changing residential destination. Mumbai Port Trust (MbPT) and Mumbai Maritime Board (MMB) are set to decongest the Mumbai and give wings to the every Mumbaiite’s dream of using waterways as a routine mode of commute. Alibag, where you can not only break away from the city and holiday to your heart’s content but also envision a lifetime with your loved ones.

From the Gateway of India by speedboat, just 23 nautical miles and from the Mumbai-Pune Expressway, a short distance of 63 km. Hiranandani Sands is beckoning! All it takes is an hour from the Theronda jetty in Alibag to the Mumbai Ferry Wharf. Travel distance will be considerably reduced by the construction of a bridge connecting the Mumbai Ferry Wharf to the Eastern Freeway. The upcoming 12-lane Virar-Alibaug corridor will make the distance to Panvel in just 50 km. A new concept of RoRo (Roll-On Roll-Off) services makes your beach home Hiranandani Sands seem so much closer.